Tajikistan: Economy | Asian Development Bank

Tajikistan: Economy

Growth slowed to 6.0% in the first half of 2017 from 6.5% in the same period of 2016. Industry expanded by 21.3%, up from 12.1% a year earlier on gains of 26.3% in mining, 20.9% in manufacturing, and 16.2% in electricity generation. Primary aluminum output fell by nearly a third because of unstable global prices and damage to several production facilities from a power outage in October 2016, but gold and silver extraction jumped by 70%. Retail trade and services recovered by 3.6% despite low remittances because of earlier recession in the Russian Federation. Favorable weather maintained expansion in agriculture at 6.4%. Meanwhile, capital investment fell by 17.2%, reflecting a 12.6% drop in private sector credit in the first half of 2017 caused by weak demand and continued financial sector problems. Read more from Asian Development Outlook 2017 Update


Economic forecasts for Central Asian countries

Country 2017f 2018f
Armenia 3.8 3.0
Azerbaijan –1.3 1.0
Georgia 4.2 4.5
Kazakhstan 2.7 3.0
Kyrgyz Republic 4.0 4.0
Tajikistan 5.0 5.5
Turkmenistan 6.5 6.5
Uzbekistan 6.8 7.5
Average 3.3 3.9
Country 2017f 2018f
Armenia 1.2 1.8
Azerbaijan 14.0 10.0
Georgia 5.7 4.0
Kazakhstan 8.0 7.0
Kyrgyz Republic 3.5 5.0
Tajikistan 8.0 7.5
Turkmenistan 5.7 5.5
Uzbekistan 11.5 12.0
Average 8.9 7.8
Country 2017f 2018f
Armenia –2.5 –2.3
Azerbaijan 5.6 11.0
Georgia –12.0 –11.5
Kazakhstan –4.5 –3.5
Kyrgyz Republic –13.0 –13.5
Tajikistan –5.5 –6.0
Turkmenistan –12.8 –12.4
Uzbekistan 0.1 0.5
Average –3.4 –2.0

f = forecast number.

Source: Asian Development Outlook 2017 Update