Economy of Tajikistan
| Economy - overview: | Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Only 7% 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. While Tajikistan has experienced steady economic growth since 1997, nearly two-thirds of the population continues to live in abject poverty. Economic growth reached 10.6% in 2004 but dropped to 8% in 2005 and to 7% in 2006. Tajikistan's economic situation, however, remains fragile due to uneven implementation of structural reforms, weak governance, widespread unemployment, and the external debt burden. Continued privatization of medium and large state-owned enterprises could increase productivity. A debt restructuring agreement was reached with Russia in December 2002 including a $250 million write-off of Tajikistan's $300 million debt. Tajikistan ranks third in the world in terms of water resources per head. A proposed investment to finish the hydropower dams Rogun and Sangtuda I and II would substantially add to electricity production, which could be exported for profit. If finished, Rogun will be the world's tallest dam. In 2006, Tajikistan was the recipient of substantial infrastructure development credits from the Shanghai Cooperation Organization to improve its roads and electricity transmission network. To help increase north-south trade, the US is constructing a $36 million bridge linking Tajikistan and Afghanistan. |
| GDP (purchasing power parity): | $9.521 billion (2006 est.) |
| GDP (official exchange rate): | $2.066 billion (2006 est.) |
| GDP - real growth rate: | 7% (2006 est.) |
| GDP - per capita (PPP): | $1,300 (2006 est.) |
| GDP - composition by sector: | agriculture: 22.7% industry: 28.5% services: 48.8% (2006 est.) |
| Labor force: | 3.7 million (2003) |
| Labor force - by occupation: | agriculture: 67.2% industry: 7.5% services: 25.3% (2000 est.) |
| Unemployment rate: | 12% (2004 est.) |
| Population below poverty line: | 64% (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): | 7.5% (2006 est.) |
| Investment (gross fixed): | 19.9% of GDP (2006 est.) |
| Budget: | revenues: $527.5 million expenditures: $622 million; including capital expenditures of $86 million (2006 est.) |
| Agriculture - products: | cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats |
| 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: | 16.5 billion kWh (2004) |
| Electricity - production by source: | fossil fuel: 1.9% hydro: 98.1% nuclear: 0% other: 0% (2001) |
| Electricity - consumption: | 15.7 billion kWh (2004) |
| Electricity - exports: | 4.459 billion kWh (2004) |
| Electricity - imports: | 4.81 billion kWh (2004) |
| Oil - production: | 252.8 bbl/day (2004 est.) |
| Oil - consumption: | 28,000 bbl/day (2004 est.) |
| Oil - exports: | NA bbl/day |
| Oil - imports: | NA bbl/day |
| Oil - proved reserves: | 12 million bbl |
| Natural gas - production: | 39 million cu m (2004 est.) |
| Natural gas - consumption: | 1.389 billion cu m (2004 est.) |
| Natural gas - exports: | 0 cu m (2004 est.) |
| Natural gas - imports: | 1.35 billion cu m (2004 est.) |
| Current account balance: | -$73.95 million (2006 est.) |
| Exports: | $1.16 billion f.o.b. (2006 est.) |
| Exports - commodities: | aluminum, electricity, cotton, fruits, vegetable oil, textiles |
| Exports - partners: | Norway 13.9%, Russia 13%, Turkey 12.2%, Uzbekistan 9.4%, US 6.4%, Italy 5.3%, Iran 5.2%, Greece 4.2% (2006) |
| Imports: | $1.513 billion f.o.b. (2006 est.) |
| Imports - commodities: | electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs |
| Imports - partners: | Russia 21.2%, China 17.2%, Kazakhstan 10.6%, Uzbekistan 9.6%, Azerbaijan 7.3%, Ukraine 5.2%, Turkey 4% (2006) |
| Reserves of foreign exchange and gold: | $209.2 million (2006 est.) |
| Debt - external: | $829 million (2006 est.) |
| Economic aid - recipient: | $67 million from US (2005) |
| Currency (code): | somoni (TJS) |
| Currency code: | TJS |
| Exchange rates: | Tajikistani somoni per US dollar - 3.3 (2006), 3.1166 (2005), 2.9705 (2004), 3.0614 (2003), 2.7641 (2002) |
| Fiscal year: | calendar year |