The future of Tajikistan's economy and the potential for attracting foreign investment depend upon stability and continued progress in the peace process. In 2006 GDP per capita of Tajikistan was 85% of 1990s level.
While population has increased from 5.3 million in 1991 to 7.3 million in 2009. Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000.
Even if the peace agreement of June 1997 is honored, the country faces major problems in integrating refugees and former combatants into the economy.
The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. The following table shows the main economic indicators in 1997–2017. ==Gross domestic product== In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%.
In December 1999, the government announced that small-enterprise privatization had been successfully completed, and the privatization of medium-sized and large-owned enterprises (SOEs) continued incrementally.
In fiscal year (FY) 2000, international assistance remained an essential source of support for rehabilitation programs that reintegrated former civil war combatants into the civilian economy, thus helping keep the peace.
The gross domestic product (GDP) of Tajikistan expanded at an average rate of 9.6% over the period of 2000-2007 according to the World Bank data.
While population has increased from 5.3 million in 1991 to 7.3 million in 2009. Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000.
Shortly after the end of FY 2000, the Board of the International Monetary Fund gave its vote of confidence to the government's recent performance by approving the third annual Poverty Reduction and Growth Facility Loan for Tajikistan.
In the early 2000s, the major crops were cotton (which occupied one-third of arable land in 2004 but decreased after that date), cereals (mainly wheat), potatoes, vegetables (mainly onions and tomatoes), fruits, and rice.
Tajikistan’s extensive aluminium processing industry depends entirely on imported ore. ===Industry and manufacturing=== The output of most industries declined sharply during the mid-1990s; despite widespread privatization, in the early 2000s industry rallied very slowly.
The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. The following table shows the main economic indicators in 1997–2017. ==Gross domestic product== In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%.
The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. The following table shows the main economic indicators in 1997–2017. ==Gross domestic product== In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%.
In 2003 some 158 tons of fish were caught and 167 tons raised on fish farms. ===Mining and minerals=== Tajikistan has rich deposits of gold, silver, and antimony.
In the early 2000s, the major crops were cotton (which occupied one-third of arable land in 2004 but decreased after that date), cereals (mainly wheat), potatoes, vegetables (mainly onions and tomatoes), fruits, and rice.
However, new infrastructure projects and increased housing construction brought a 60% increase in output from 2004 to 2005.
The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. The following table shows the main economic indicators in 1997–2017. ==Gross domestic product== In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%.
Per capita GDP in 2005 was US$258, lowest among the 15 countries of the former Soviet Union.
In 2005 services contributed 48%, agriculture 23.4%, and industry 28.6% to GDP.
The former, which provided 40% of industrial production in 2005, is centered at the Tursunzoda processing plant, the latter in Dushanbe, Qurghonteppa, and Yavan.
Aluminum production increased by 6% in 2005.
The expansion of light industry output contributed significantly to GDP growth in 2005.
However, new infrastructure projects and increased housing construction brought a 60% increase in output from 2004 to 2005.
The future of Tajikistan's economy and the potential for attracting foreign investment depend upon stability and continued progress in the peace process. In 2006 GDP per capita of Tajikistan was 85% of 1990s level.
The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. The following table shows the main economic indicators in 1997–2017. ==Gross domestic product== In 2005 Tajikistan’s GDP grew by 6.7%, to about US$1.89 billion, and growth for 2006 was about 8%, marking the fifth consecutive year of annual growth exceeding 6%.
Remittances from expatriate Tajikistanis is estimated to account for 30-50% of Tajikistan's GDP. ==Industries== ===Agriculture=== Although the government has announced an expedited land reform program, many Soviet-era state farms still existed in 2006, and the state retains control of production and harvesting on privatized farms.
Privatization of cotton farms has been especially slow, and unresolved debts of cotton farmers remained a problem in 2006.
In 2006 an estimated one-third of Tajikistan’s 700 major industrial enterprises were completely idle, and the remainder were operating at 20 or 25% of capacity.
To revitalize the sector, in 2006 the government was considering renationalizing some enterprises.
The official forecast for GDP growth in 2007 is 7.5%.
The 2008 global financial crisis has hit Tajikistan hard, both domestically and internationally.
As of August 2009, an estimated 60% of Tajikistani citizens live below the poverty line.
While population has increased from 5.3 million in 1991 to 7.3 million in 2009. Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000.
The recent global recession has reduced Tajikistan's GDP growth rate to 2.8% in the first half of 2009.
As of 2009, one third of industrial plants and factories are inactive, according to Tajikistan's Institute of Economic Studies.
Industrial output has fallen by 13% in the first six months of 2009, leading to a fall in export revenues of 48%. ===Energy=== The rivers of Tajikistan, such as the Vakhsh and the Panj, have great [potential, and the government has focused on attracting investment for projects for internal use and electricity exports.
Tajikistan's economy also incorporates a massive black market, primarily focused on the drug trade with Afghanistan, and heroin trafficking in Tajikistan is estimated to be equivalent 30-50% of national GDP as of 2012.
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