| Tajikistan Exports | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed. [23][24][25][26] Other projects at the development stage include Sangduta 2 by Iran, Zerafshan by Chinese SinoHydro and Rogun power plant, which, at 335 metres (1,099 ft), is projected to supersede the Nurek Dam as tallest in the world if completed. Per capita GDP in 2005 was US$258, lowest among the 15 countries of the former Soviet Union. Tajikistan's informal employment sector has been reported to use both child labor and forced labor in the country's cotton industry according to the U.S. Department of Labor's List of Goods Produced by Child Labor or Forced Labor. The official forecast for 2007 is 7%. The estimated current account deficit for both 2006 and 2007 is 4.5% of GDP, or about US$90 million in 2006. LinkedIn The national unemployment rate was estimated unofficially as high as 40% in 2006, but in rural areas unemployment has exceeded 60%. Remittances from expatriate Tajikistanis is estimated to account for 30-50% of Tajikistan's GDP. In 2003 some 158 tons of fish were caught and 167 tons raised on fish farms. With foreign revenue precariously dependent upon exports of cotton and aluminium, the economy is highly vulnerable to external shocks. Tajikistan thus depends on international humanitarian assistance for much of its basic subsistence needs. Twitter The official forecast for GDP growth in 2007 is 7.5%. [37] In 2003 foreign direct investment totaled US$41 million; it increased to US$272 million in 2004 because of the debt-reduction transaction with Russia. Privatization of cotton farms has been especially slow, and unresolved debts of cotton farmers remained a problem in 2006. [19], Tajikistan joined the World Trade Organization (WTO) on 2 March 2013, becoming the 159th country to join the organization. Also in 2005, Russia and Iran resumed work on the Vakhsh River Sangtuda hydroelectric project.
[15] As of August 2009, an estimated 60% of Tajikistani citizens live below the poverty line.
The economy of Tajikistan is dependent upon agriculture and services. An internationally assisted restructuring program was completed in 2003. Earlier, the government of Tajikistan confirmed that it had concluded negotiations with Japan, and had received support from the nation for its accession in an agreement signed on July 31, 2012.[38]. In 2003 Tajikistan’s active labor force was estimated at 3.4 million, of whom 64% were employed in agriculture, 24% in services, and 10% in industry and construction. The establishment of businesses nearly always requires bribing officials and often encounters resistance from entrepreneurs with government connections. In 2006 an estimated one-third of Tajikistan’s 700 major industrial enterprises were completely idle, and the remainder were operating at 20 or 25% of capacity. The Tajikistani economy has been gravely weakened by six years of civil conflict and loss of markets for its products. [16] The 2008 global financial crisis has hit Tajikistan hard, both domestically and internationally.
Tajikistan must import grain from Kazakhstan and Uzbekistan. Law of the Republic of Tajikistan on free economic zones. Press After declining in the early 2000s, the real wages of state employees were raised in 2004 and 2005. No forest region is classified as commercially usable; most are under state protection. 5 years of economic forecasts for more than 30 economic indicators. In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%. Cotton makes an important contribution to both the agricultural sector and the national economy. The rivers of Tajikistan, such as the Vakhsh and the Panj, have great hydropower potential, and the government has focused on attracting investment for projects for internal use and electricity exports. [22] Sangtuda 1 Hydroelectric Power Plant of 670 megawatts (MW) capacity, operated by Russian Inter RAO UES, commenced operations on 18 January 2008 and was officially commissioned on 31 July 2009. In May 2009 remittances to Tajiks had fallen to $525 million, a 34% decline from the previous year. The estimated overall balance of payments for 2006 is US$8 million. The national power company is Barqi Tojik. As part of bilateral market access negotiations, Tajikistan agreed to lower tariffs on cooking equipment, refrigerators, ovens and water heaters in discussions to gain Thailand's backing. The top product import tariffs by their MFN Ad Valorem value for Tajikistan are Ice, snow and potable water not sweetened or flavoure (74.4%) and Ethyl alcohol and other spirits, denatured (43.5%).. Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country. Decree on creating free economic zones "Panj" and "Sughd", List of Goods Produced by Child Labor or Forced Labor, https://www.cia.gov/library/publications/the-world-factbook/index.html, "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2019", "Poverty headcount ratio at national poverty lines (% of population) - Tajikistan", "Europe Central Asia Economic Update, Spring 2020 : Fighting COVID-19", "GINI index (World Bank estimate) - Tajikistan", "Inequality-adjusted Human Development Index (IHDI)", President attempts to give Tajikistan a cultural makeover, "GDP per capita in current US dollars per person", "Report for Selected Countries and Subjects", "Tajikistan: Over 392.5 thousand tons of cotton picked in Tajikistan", "Forestry Sector Analysis of the Republic of Tajikistan", "Первая очередь Сангтудинской ГЭС в Таджикистане будет запущена 18 января (, "Sangtuda-1 HPS launched on January 18, 2008", "Russia boosts C.Asia ties, opens plant in Tajikistan", "Iran participates in power plant project in Tajikistan", "Chinese To Build Tajik Hydroelectric Plant", "РАО "ЕЭС России" построит "Рогунскую ГЭС" в Таджикистане (, "Tajikistan ready for coming of new foreign banks, says Tajik central bank head - Tajikistan News ASIA-Plus", "Pakistan rated top destination by the British Backpacker Society", "Tajikistan ranked 7th place in the top 20 adventure travel destinations of the world", Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, https://en.wikipedia.org/w/index.php?title=Economy_of_Tajikistan&oldid=984105880, Wikipedia articles incorporating text from the World Factbook, Creative Commons Attribution-ShareAlike License, agriculture: 23.3%, industry: 22.8%, services: 53.9% (2012 est. Tajikistan - Exports The economy seems to be suffering heavily at the hands of the coronavirus pandemic, although the scarcity of official data makes the downturn difficult to gauge. Click on the button below to get started. In December 1999, the government announced that small-enterprise privatization had been successfully completed, and the privatization of medium-sized and large-owned enterprises (SOEs) continued incrementally. This amount grew steadily through the 1990s and early 2000s because of state borrowing policy. In 2004, exports were worth US$736 million and imports, US$958 billion, creating a trade deficit of US$222 million. [33], The tourism industry of Tajikistan was eliminated by the civil war, but has begun to re-establish itself in recent years. Unemployment has been higher in the southern Khatlon Province than in the northern Soghd Province. Tajikistan Competitiveness Index at 52.40 Points, Tajikistan Competitiveness Rank at 104.00, Tajikistan Consumer Price Index (CPI) at 100.20 points, Tajikistan Corruption Index at 25.00 Points, Tajikistan Crude Oil Production at 0.18 BBL/D/1K, Tajikistan Employed Persons at 2407.00 Thousand, Tajikistan Gross External Debt at 2924.20 USD Million, Tajikistan Fiscal Expenditure at 20852.00 TJS Million, Tajikistan Food Inflation at 8.20 percent, Dollar Up for 3rd Day to Book Best Week in a Month, TSX Drops on Friday, Books 4.5% Weekly Loss, Brent Crude Down for 3rd Day to Book Biggest Weekly Loss since April, WTI Crude Tumbles 11% in October on Demand Concerns, Kenya October Inflation Rate at 5-Month High of 4.84%. ), agriculture: 47.9%, industry: 10.9%, services: 41.2% (2012 est. Client Log In, Facebook My Cart LinkedIn Even if the peace agreement of June 1997 is honored, the country faces major problems in integrating refugees and former combatants into the economy. Also shown is the percentage share each export category represents in terms of overall exports from Tajikistan. In late 2006, inflation approached the 10% level. In 2005 the overall balance of payments was US$14 million. Tajikistan’s only major heavy industries are aluminum processing and chemical production. Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000. Tajikistan also produces strontium, salt, lead, zinc, fluorspar, and mercury. In 2004, the parliament passed a law on free economic zones [36] and in 2008 passed a decree creating two zones: the Panj Free Economic Zone and the Sughd Free Economic Zone. [14] In fiscal year (FY) 2000, international assistance remained an essential source of support for rehabilitation programs that reintegrated former civil war combatants into the civilian economy, thus helping keep the peace. The gross domestic product (GDP) of Tajikistan expanded at an average rate of 9.6% over the period of 2000-2007 according to the World Bank data.
In 2005 revenues totaled US$442 million (aided by improvements in tax collection), and expenditures were US$542 million, a deficit of US$100 million. Download historical data for 20 million indicators using your browser. [19], At the end of 2006, Tajikistan’s external debt was estimated at US$830 million, most of which was long-term international debt. Exports in Tajikistan averaged 89.08 USD Million from 2000 until 2020, reaching an all time high of 353.50 USD Million in April of 2020 and a record low of 35.10 USD Million in October of 2014.
That plant was scheduled for possible sale to Rusal in 2007. [34] The Tajik Committee on Tourism Development responded to this accolade by stating that "the inclusion of Tajikistan in the British Backpacker Society’s top 20 adventure travel destinations testifies the development of tourism in [the] country."[35]. In 2005, the top overall buyers of Tajikistan’s exports, in order of value, were the Netherlands, Turkey, Russia, Uzbekistan, Latvia, and Iran. Banks provide a narrow range of services, concentrating on providing credit to state-owned enterprises. Exports of Goods for Tajikistan from International Monetary Fund (IMF) for the International Monetary Fund - Balance of Payments (BOP) release. Tajikistan is home to the hydroelectric power station Nurek, the second highest dam in the world. Another significant import is alumina (aluminum oxide) to supply the aluminum industry. Only an estimated 10% of the capital in Tajikistan moves through the banking system, and small businesses rarely borrow from banks. Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan, and heroin trafficking in Tajikistan is estimated to be equivalent 30-50% of national GDP as of 2012.
[19] Shortly after the end of FY 2000, the Board of the International Monetary Fund gave its vote of confidence to the government's recent performance by approving the third annual Poverty Reduction and Growth Facility Loan for Tajikistan. Because of the continued dominance of state farms, the majority of workers are government employees, although only a small number rely completely on wages.
Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan, and heroin trafficking in Tajikistan is estimated to be equivalent 30-50% of natio… The most important market for Tajik products is Turkey, but exports are also destined for a variety of Asian, European, and CIS markets.
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