Tajikistan: Economy

Reported growth slowed to 6.0% and trade declined in Tajikistan, reflecting lower commodity prices, weak private investment, and remittance shortfalls. Growth is projected to fall to 3.8% in 2016 as recession continues in the Russian Federation and activity remains weak in other trading partners, then recover slightly to 4.0% in 2017. A better business environment would boost local production and employment, alleviating excessive dependence on remittances. Read more from Asian Development Outlook 2016

Economic forecasts for Central Asian countries

Country 2016 2017
Armenia 2.0 2.3
Azerbaijan -1.0 1.0
Georgia 2.5 3.5
Kazakhstan 0.7 1.0
Kyrgyz Republic 1.0 2.0
Tajikistan 3.8 4.0
Turkmenistan 6.5 7.0
Uzbekistan 6.9 7.3
Average 2.1 2.8
Country 2016 2017
Armenia 3.8 4.0
Azerbaijan 12.0 5.2
Georgia 5.0 4.0
Kazakhstan 12.6 4.6
Kyrgyz Republic 10.0 8.0
Tajikistan 8.5 7.5
Turkmenistan 6.6 6.0
Uzbekistan 10.0 11.0
Average 10.8 5.9
Country 2016 2017
Armenia -5.2 -5.0
Azerbaijan -0.6 1.5
Georgia -9.5 -9.2
Kazakhstan -3.5 -3.1
Kyrgyz Republic -17.0 -15.0
Tajikistan -4.8 -5.5
Turkmenistan -12.3 -10.0
Uzbekistan 0.2 0.8
Average -3.9 -3.0

Source: Asian Development Outlook 2016