Is Tajikistan a wealthy country?
Tajikistan is one of the poorest countries in the region, with an economy heavily reliant on agriculture and remittances from migrant workers.
Agriculture accounts for around 23% of Tajikistan's GDP, with cotton, fruits, and vegetables being the main crops. However, the sector faces challenges such as water scarcity and limited access to modern technology and equipment. The industry sector, which includes mining, manufacturing, and construction, accounts for around 20% of GDP, but it is relatively underdeveloped.
Remittances from Tajik migrant workers, primarily in Russia, make up around 30% of the country's GDP. The reliance on remittances leaves the country vulnerable to economic shocks, as seen during the global financial crisis in 2008-2009 and the COVID-19 pandemic.
Tajikistan's natural resources, such as aluminum, gold, and silver, present opportunities for economic growth. The country has attracted foreign investment in mining, with Chinese and Russian companies being the major players in the sector. However, the government's control of the economy and weak legal and regulatory frameworks create barriers to foreign investment.
Tajikistan's infrastructure is underdeveloped, with limited access to electricity and poor road networks. The government has made efforts to improve infrastructure, including the construction of hydropower plants and the rehabilitation of roads. However, funding constraints and corruption continue to hinder progress.
The Tajikistan economy faces several challenges, including high levels of poverty, limited economic diversification, weak governance, and security risks. The country's economic growth has been slow, averaging around 7% over the past decade. Despite these challenges, Tajikistan has the potential to diversify its economy and reduce its reliance on remittances by developing its natural resources, improving infrastructure, and attracting foreign investment.
What is the GDP of Tajikistan?
|Currency Name and Code||Somoni (TJS)somon|
|GDP - Gross Domestic Product (PPP)||$34,880,000,000 (USD)|
|GDP - official exchange rate||$8,045,000,000 (USD)|
|GDP - real growth rate||3%|
|GDP Per Capita||$2,800.00 (USD)|
|GDP by Sector- agriculture||25.7%|
|GDP by Sector- Industry||17.3%|
|GDP by Sector- services||57%|
|GDP - composition, by end use||
household consumption: 116.9%
government consumption: 12.6%
investment in fixed capital: 13.9%
investment in inventories: 3.4%
exports of goods and services: 17.2%
imports of goods and services: -64%
|Population Below Poverty Line||53%|
|Labor Force By Occupation- agriculture||46.5%|
|Labor Force By Occupation- industry||10.7%|
|Labor Force By Occupation- services||42.8%|
|Unemployment - note||official rates; actual unemployment is much higher|
|Fiscal Year||calendar year|
|Annual Budget||$1,482,000,000 (USD)|
|Taxes and other revenues - percent of GDP||28.5%|
|Major Industries||aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil, metal-cutting machine tools, refrigerators and freezers|
|Industrial Growth Rate||7.5%|
|Agriculture Products||cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats|
|Exchange Rate per US Dollar||somoni|
|Child Labor - % of children ages 5-14||10%|
|Child Labor - # of children ages 5-14||164,432|
|Commercial Bank Prime Lending Rate||22%|