Table of contents:
- General characteristics of the country's economy
- Place in world rankings and GDP structure of Tajikistan
- Employment of the population
- Tajikistan GDP per capita
2023 Author: Henry Conors | [email protected]. Last modified: 2023-11-26 12:05
Tajikistan is a beautiful country located in the Central Asian region. On 143 thousand km2 there are masterpieces of nature that annually attract climbing tourists. The country is home to almost 9 million people who work for its benefit. Neighbor countries are China, Afghanistan, Kyrgyzstan and Uzbekistan.
General characteristics of the country's economy
Tajikistan embarked on its own path of development after gaining independence in 1991. Around the same time, the main strategic directions for further work to establish a stable economic situation were identified: ensuring full energy sovereignty, achieving food security and eliminating transport isolation. Strategic goals allow the government of the country to attract foreign investors.
From 1991 to 2000, the country, as well as throughout the post-Soviet space, experienced an economic crisis - Tajikistan's GDP is rapidly declining. Unable to deal with the restoration of falling living standards on its own, the government decides to give underprivatization of part of state-owned enterprises. Thus, 22 cotton ginning plants ended up in the hands of private owners, and 8 of them are currently the property of foreign investors. Among the largest external investors: the Russian Federation, Italy, the UK and South Korea.
After a long crisis, the Tajik economy is starting to gain momentum. Stabilization of the situation inside the country makes it possible to improve relations with the closest neighbors. For example, after the change of power in the Republic of Uzbekistan, it became possible to review a promising partnership. The first step towards each other can be called the resumption of air and railway communication. Contracts were also signed for the supply of Uzbek natural gas, and an agreement was reached that the Farhad HPP is the property of Tajikistan.
Place in world rankings and GDP structure of Tajikistan
Experts of the Heritage Foundation on the "Index of Economic Freedom" put Tajikistan in 106th place in the world. Columbia University ranked the country 129th in its Environmental Performance Index.
According to the data of the American edition of Global Finance, Tajikistan ranks 157th in the ranking of the richest countries in the world, and 107th in the tourism competitiveness ranking.
At the end of 2017, the main macroeconomic indicator reached $7.146 billion. Tajikistan's GDP growth by 7% in 2017 is due to an increase in the volume of services provided. This leap allowedCentral Asian country to enter the top ten countries with the largest increase in the main indicator according to the World Bank.
The country's gross domestic product can be divided into 3 main sectors. Thus, the production of services has the largest share. They account for 48% of the total production. Goods account for about 42% and taxes for 10%.
The production of goods is dominated by agriculture and industry. The main industries are:
- mountain;
- cotton (cotton);
- chemical;
- machine-building.
The main exporter in Tajikistan is the Tajik aluminum plant.
Employment of the population
According to current estimates, the economically active population of Tajikistan is more than 2 million people, of which:
- 66% employed in agriculture;
- 25% - in the service sector;
- 8% - in industry;
- 1% - temporarily unemployed citizens.
Also. According to unofficial statistics, 1.5 million citizens of working age are in labor migration, that is, they work outside their home state.
Tajikistan GDP per capita
After a short increase from 2010 to 2014, this figure began to decline. And if the maximum value per capita was $1,100 in 2014, then in 2016 it was only $795. This is due to the increase in the external debt of the state, which led to the fact that the national currency weakened againstdollar. Although in somoni (national currency) Tajikistan's GDP showed an increase, the exchange rate difference led to a fall, which was eventually reflected in the statistical yearbooks.
I managed to improve my situation in 2017, when GDP per capita amounted to $800. 2018 sees further growth.
Recommended:
Tajikistan's economy is growing, but the country is still poor
The poorest country in the post-Soviet space lives mainly on agriculture, minerals and remittances from citizens working abroad, mainly in Russia. Nevertheless, the economy of Tajikistan after the end of the civil war in 1997 has been steadily growing at a fairly high rate
The richest countries in the world (list). GDP by country
The list of the richest countries is determined by three structures: the United Nations, the International Monetary Fund and the World Bank. Each of them uses its own features of calculating the quantity and value produced by a particular country, so the data may vary slightly, as well as the list of GDP by country compiled by them
Do you know which country holds the title of "The Cleanest Country in the World"?
The cleanest country in the world is two-thirds made up of mountains, forests and lakes, and imports most of its natural resources. This fact makes the local authorities and the population treat with gratitude and awe what nature gives them
Aggressor country: definition. Aggressor country in international law
The concept of "aggressor country" appeared in the international legal field after the end of World War II. When it became obvious that the war was nearing its end, representatives of the countries of the anti-Hitler coalition joined in the work to create an association and legal support in order to prevent the emergence of this kind of aggressor anywhere in the world
How does a state differ from a country? What is the difference between country and state?
Do you know how a state differs from a country? After all, we are accustomed to the fact that both terms are identical. However, this is allowed only in common speech. When these words are pronounced by scientists or political scientists, for example, they put a different meaning into them. It would be nice to understand this so as not to get confused
