Tajikistan's Economy | Tajikistani Economy

Economy - overview: Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Only 5% to 6% of the land area is arable. Cotton is the most important crop. Mineral resources, varied but limited in amount, include silver, gold, uranium, and tungsten. Industry consists only of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production. Even though 60% of its people continue to live in abject poverty, Tajikistan has experienced steady economic growth since 1997. Continued privatization of medium and large state-owned enterprises will further increase productivity. Tajikistan's economic situation, however, remains fragile due to uneven implementation of structural reforms, weak governance, widespread unemployment, and the external debt burden. A debt restructuring agreement was reached with Russia in December 2002, including an interest rate of 4%, a 3-year grace period, and a US $49.8 million credit to the Central Bank of Tajikistan.

GDP: 3.9% (FY01)

GDP - real growth rate: 10.5% (2004 est.)

GDP - per capita: purchasing power parity - $1,100 (2004 est.)

GDP - composition by sector: agriculture: 23.7% industry: 24.3% services: 52% (2004 est.)

Population below poverty line: 60% (2004 est.)

Household income or consumption by percentage share: lowest 10%: 3.2% highest 10%: 25.2% (1998)

Distribution of family income - Gini index: 34.7 (1998)

Inflation rate (consumer prices):

Labor force: 3.187 million (2000)

Labor force - by occupation: agriculture 67.2%, industry 7.5%, services 25.3% (2000 est.)

Unemployment rate: 40% (2002 est.)

Budget: revenues: $311.2 million expenditures: $321.5 million, including capital expenditures of $86 million (2004 est.)

Industries: aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil, metal-cutting machine tools, refrigerators and freezers

Industrial production growth rate: 8.2% (2002 est.)

Electricity - production: 15.08 billion kWh (2002)

Electricity - production by source:

Electricity - consumption: 14.41 billion kWh (2002)

Electricity - exports: 3.974 billion kWh (2002)

Electricity - imports: 4.359 billion kWh (2002)

Oil - production: 250 bbl/day (2001 est.)

Oil - consumption: 20,000 bbl/day (2001 est.)

Oil - exports: NA

Oil - imports: NA

Oil - proved reserves:

Natural gas - production: 50 million cu m (2001 est.)

Natural gas - consumption: 1.3 billion cu m (2001 est.)

Natural gas - exports: 0 cu m (2001 est.)

Natural gas - imports: 1.25 billion cu m (2001 est.)

Natural gas - proved reserves:

Agriculture - products: cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats

Exports: $1.13 billion f.o.b. (2004 est.)

Exports - commodities: aluminum, electricity, cotton, fruits, vegetable oil, textiles

Exports - partners: Netherlands 41.4%, Turkey 15.3%, Uzbekistan 7.2%, Latvia 7.1%, Switzerland 6.9%, Russia 6.6% (2004)

Imports: $1.3 billion f.o.b. (2004 est.)

Imports - commodities: electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs

Imports - partners: Russia 20.2%, Uzbekistan 14.2%, Kazakhstan 12.8%, Azerbaijan 7.2%, US 6.7%, China 4.8%, Ukraine 4.5% (2004)

Debt - external: $888 million (2004 est.)

Economic aid - recipient: $60.7 million from US (2001)

Currency:

Currency code:

Exchange rates: Tajikistani somoni per US dollar - 2.9705 (2004), 3.0614 (2003), 2.7641 (2002), 2.3722 (2001), 2.0763 (2000) note: the new unit of exchange was introduced on 30 October 2000, with one somoni equal to 1,000 of the old Tajikistani rubles

Fiscal year: calendar year



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