This page has economic forecasts for Tajikistan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Tajikistan economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.30 2.4 2.2 2.2 2.1 2.5 percent
Inflation Rate 5.00 5 5.7 6.5 6.2 5.2 percent
Interest Rate 14.00 12 12 12 12 8 percent
Balance of Trade -94.60 -147 -162 -130 -208 -220 USD Million
Government Debt to GDP 50.40 52.5 53.7 53.7 53.7 55.3 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 9.42
 9.44 9.47 9.49 9.51 9.6
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 7.20
percent		 5.1 5.3 5.9 4.9 6.3
GDP 7.15
USD Billion		 7.6 8 8 8 8.3
GDP Constant Prices 12350.10
TJS Million		 64209 13005 13079 12955 71667
GDP per capita 1015.50
USD		 1054 1085 1085 1085 1187
GDP per capita PPP 2896.91
USD		 2968 3015 3015 3015 3185
GDP From Agriculture 22234.00
TJS Million		 23368 23412 23546 23323 26082
GDP From Construction 6091.70
TJS Million		 6402 6415 6451 6390 7146
GDP From Manufacturing 9366.90
TJS Million		 9845 9863 9920 9826 10988
GDP From Services 8870.90
TJS Million		 9323 9341 9394 9306 10406
GDP From Transport 6248.20
TJS Million		 6567 6579 6617 6554 7330
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.30
percent		 2.4 2.2 2.2 2.1 2.5
Unemployed Persons 54.30
Thousand 		53.7 53.1 52.8 53.2 53.2
Employed Persons 2237.50
Thousand 		2239 2242 2241 2243 2245
Wages 1339.40
TJS/Month		 1500 1450 1390 1540 1700
Population 8.90
Million		 9.1 9.3 9.3 9.3 9.5
Wages In Manufacturing 1379.10
TJS/Month		 1460 1470 1490 1520 1600
Retirement Age Men 63.00
 63 63 63 63 63
Retirement Age Women 58.00
 58 58 58 58 58
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 5.00
percent		 5 5.7 6.5 6.2 5.2
Consumer Price Index CPI 100.80
Index Points		 105 105 107 107 117
Producer Prices 99.50
Index Points		 97.27 100 102 103 103
Inflation Rate Mom 1.10
percent		 0.4 -0.3 0.5 0.4 0.6
Producer Prices Change -0.50
percent		 0.9 1.1 2.3 3.5 2.7
Food Inflation 4.80
percent		 2 3.5 4 5 5.5
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 14.00
percent		 12 12 12 12 8
Money Supply M0 11618.80
TJS Thousand		 11400 11700 11900 12050 12900
Money Supply M1 13052.24
TJS Thousand		 12900 13100 13300 12950 13500
Money Supply M2 14699.21
TJS Thousand		 14600 14750 15200 15400 16300
Deposit Interest Rate 4.20
percent		 4 3.8 3.8 3.8 3.6
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -94.60
USD Million		 -147 -162 -130 -208 -220
Exports 97.50
USD Million		 105 78 83 67 110
Imports 192.00
USD Million		 252 240 213 275 330
Current Account -48804.20
USD Thousand		 -5200 -17100 -29000 -31700 4600
Current Account to GDP 1.80
percent		 -5 -4 -4 -4 -3
Gold Reserves 19.70
Tonnes		 16.1 16.5 16.4 16.4 16.9
Terrorism Index 2.43
 3.1 2.7 2.7 2.7 2.5
Crude Oil Production 0.18
BBL/D/1K		 0.18 0.18 0.18 0.18 0.18
External Debt 2274.10
USD Million		 2350 2440 2440 2440 2530
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 50.40
percent		 52.5 53.7 53.7 53.7 55.3
Government Budget -1.70
percent of GDP		 -2.6 -3.2 -3.2 -3.2 -1.4
Government Revenues 6096.40
TJS Million		 20000 4600 10000 16000 23000
Military Expenditure 79.90
USD Million		 81 83 83 83 79
Government Budget Value 261.50
TJS Million		 150 140 350 530 520
Fiscal Expenditure 5834.90
TJS Million		 19850 4460 9650 15470 22480
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 11.80
percent		 12.5 11.8 10.6 9.9 8.9
Internet Speed 2588.66
KBps		 2340 2500 2530 2430 2000
IP Addresses 9376.00
IP		 9190 9150 9100 8975 8810
Ease of Doing Business 126.00
 121 119 119 119 132
Corruption Index 21.00
Points		 21 21 21 21 21
Corruption Rank 161.00
 161 161 161 161 161
Competitiveness Index 52.18
Points		 52.68 52.68 52.68 52.68 55.18
Competitiveness Rank 102.00
 102 102 102 102 102
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Yoy 6.40
percent		 7.5 8.1 8.1 8.1 8.7
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 18.00
percent		 18 18 18 18 18
Personal Income Tax Rate 13.00
percent		 13 13 13 13 13
Social Security Rate 26.00
percent		 26 26 26 26 26
Social Security Rate For Companies 25.00
percent		 25 25 25 25 25
Social Security Rate For Employees 1.00
percent		 1 1 1 1 1
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 26.18
mm		 42.04 62.59 43.15 43.15 40.68
Temperature -5.95
celsius		 -1.82 -6.75 12.87 7 4.11



Tajikistan - Economic Forecasts - 2018-2020 Outlook