Location: Central Asia
Population (2012): 7,768,385
Surface area: 143,100 sq km
Currency: Tajikistani Somoni
GDP per capita (2011): US $ 935
Economy – Overview:
Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Because of a lack of employment opportunities in Tajikistan, as many as a million Tajik citizens work abroad, almost all of them in Russia, supporting families in Tajikistan through remittances. Less than 7% of the land area is arable. Cotton is the most important crop, and its production is closely monitored, and in many cases controlled, by the government. In the wake of the National Bank of Tajikistan’s admission in December 2007 that it had improperly lent money to investors in the cotton sector, the IMF cancelled its program in Tajikistan. A reform agenda is underway, according to which over half a billion dollars in farmer debt is being forgiven, and IMF assistance has been reinstated. Mineral resources include silver, gold, uranium, and tungsten. Industry consists only of a large aluminium plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing.
A debt restructuring agreement was reached with Russia in December 2002, including a $250 million write-off of Tajikistan’s $300 million debt. Electricity output expanded with the completion of the Sangtuda I hydropower dam – finished in 2009 with Russian investment. The smaller Sangtuda-2, built with Iranian investment, was completed in 2012.
In January 2010, the government began selling shares in the Roghun enterprise to its population, ultimately raising over $180 million.
Tajikistan has received substantial infrastructure development loans from the Chinese government to improve roads and electricity transmission. To help increase north-south trade, the US funded a $36 million bridge which opened in August 2007 linking Tajikistan with Afghanistan. While Tajikistan has experienced steady economic growth since 1997, more than half of the population continues to live in poverty. Economic growth reached 10.6% in 2004, but dropped below 8% in 2005-08, as the effects of higher oil prices and then the international financial crisis began to register – mainly in the form of lower prices for key export commodities and lower remittances from Tajiks working abroad. Tajikistan imports approximately 60% of its food and 90% of that comes by rail.
Human Development Index ranking (2012): 125 out of 186
Net Official Development Assistance (ODA) (2011): US $ 355 million
FDI inflows (2012): $ 290 million
Top Three Donors of gross ODA: AsDF, United States, IDA
Total External Debt (2011): US $ 3.3 billion
External debt stock (% of GNI) (2011): 51.6
Merchandise exports (2011): US$ 1,257 million
Terms of trade index (2012): 99.3
Cost to export per container (2013): US $ 8,450
HIPC Position (2013): Not eligible
United Nations Membership date: 2 March 1992
New York Mission:
Address: Permanent Mission of the Republic of Tajikistan to the United Nations
216 East 49th Street, 5th Floor, New York, N.Y. 10017
Telephone: (212) 207-3315
Telefax: (212) 207-3855
e-mail: email@example.com; firstname.lastname@example.org
National holiday: 9 September, Independence Day