Tajikistan: Economy

Strong public investment enabled growth to reach 6.9% despite weak remittances, low private investment, and other shortfalls. Troubled banks and continued weak remittances are projected to moderate growth to 4.8% in 2017 despite better performance in the Russian Federation and other regional partners, followed by recovery to 5.5% in 2018. Healthier banks would boost credit growth and enhance private investment. Read more from Asian Development Outlook 2017


Economic forecasts for Central Asian countries

Country 2017f 2018f
Armenia 2.2 2.5
Azerbaijan –1.1 1.2
Georgia 3.8 4.5
Kazakhstan 2.4 2.2
Kyrgyz Republic 3.0 3.5
Tajikistan 4.8 5.5
Turkmenistan 6.5 7.0
Uzbekistan 7.0 7.3
Average 3.1 3.5
Country 2017f 2018f
Armenia 1.2 1.8
Azerbaijan 9.0 8.0
Georgia 4.2 4.5
Kazakhstan 8.0 7.0
Kyrgyz Republic 5.0 4.0
Tajikistan 8.0 7.0
Turkmenistan 6.0 6.0
Uzbekistan 9.5 10.0
Average 7.8 7.3
Country 2017f 2018f
Armenia –2.3 –2.0
Azerbaijan 5.9 11.4
Georgia –12.0 –11.5
Kazakhstan –3.4 –3.0
Kyrgyz Republic –13.0 –13.5
Tajikistan –5.5 –6.0
Turkmenistan –15.0 –13.0
Uzbekistan 0.2 0.4
Average –3.0 –1.7

f = forecast number.

Source: Asian Development Outlook 2017