Economy Of Tajikistan
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Economy overview
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Tajikistan has the lowest per capita GDP among the 15 former Soviet republics. Only 5% to 6% of the land area is arable. Cotton is the most important crop. Mineral resources, varied but limited in amount, include silver, gold, uranium, and tungsten. Industry consists only of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production. Even though 60% of its people continue to live in abject poverty, Tajikistan has experienced steady economic growth since 1997. Continued privatization of medium and large state-owned enterprises will further increase productivity. Tajikistan's economic situation, however, remains fragile due to uneven implementation of structural reforms, weak governance, widespread unemployment, and the external debt burden. A debt restructuring agreement was reached with Russia in December 2002, including an interest rate of 4%, a 3-year grace period, and a US $49.8 million credit to the Central Bank of Tajikistan.
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GDP
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purchasing power parity - $6.812 billion (2004 est.)
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GDP - real growth rate
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7% (2004 est.)
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GDP - per capita
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purchasing power parity - $1,000 (2004 est.)
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GDP - composition by sector
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agriculture: 30.8%
industry: 29.1%
services: 40.1% (2004 est.)
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Investment gross fixed
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7.5% of GDP (2004 est.)
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Population below poverty line
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60% (2004 est.)
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Household income or consumption by percentage share
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lowest 10%: 3.2%
highest 10%: 25.2% (1998)
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Distribution of family income - Gini index
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34.7 (1998)
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Inflation rate consumer prices
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16.3% (2004 est.)
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Labor force
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3.187 million (2000)
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Labor force by occupation
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agriculture 67.2%, industry 7.5%, services 25.3% (2000 est.)
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Unemployment rate
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40% (2002 est.)
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Budget
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revenues: $253.5 million
expenditures: $238.5 million, including capital expenditures of $86 million (2004 est.)
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Public debt
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Agriculture products
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cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats
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Industries
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aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil, metal-cutting machine tools, refrigerators and freezers
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Industrial production growth rate
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10.3% (2000 est.)
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Electricity production
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14.18 billion kWh (2001)
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Electricity production by source
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fossil fuel: 1.9%
hydro: 98.1%
other: 0% (2001)
nuclear: 0%
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Electricity consumption
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14.52 billion kWh (2001)
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Electricity exports
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3.909 billion kWh (2001)
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Electricity imports
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5.242 billion kWh (2001)
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Oil production
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250 bbl/day (2001 est.)
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Oil consumption
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20,000 bbl/day (2001 est.)
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Oil exports
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NA (2001)
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Oil imports
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NA (2001)
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Oil proved reserves
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Natural gas production
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50 million cu m (2001 est.)
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Natural gas consumption
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1.3 billion cu m (2001 est.)
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Natural gas exports
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0 cu m (2001 est.)
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Natural gas imports
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1.25 billion cu m (2001 est.)
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Natural gas proved reserves
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Current account balance
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$-50 million (2004 est.)
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Exports
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$750 million f.o.b. (2004 est.)
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Exports commodities
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aluminum, electricity, cotton, fruits, vegetable oil, textiles
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Exports partners
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Netherlands 25.4%, Turkey 24.4%, Latvia 9.9%, Switzerland 9.7%, Uzbekistan 8.5%, Russia 6.6%, Iran 6.4% (2003)
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Imports
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$890 million f.o.b. (2003 est.)
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Imports commodities
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electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs
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Imports partners
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Russia 20.2%, Uzbekistan 15.1%, Kazakhstan 10.9%, Azerbaijan 7%, Ukraine 7%, Romania 4.4% (2003)
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Reserves of foreign exchange gold
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$117.6 million (2004 est.)
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Debt external
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$1 billion (2002 est.)
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Economic aid recipient
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$60.7 million from US (2001)
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Currency
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somoni
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Currency code
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TJS
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Exchange rates
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Tajikistani somoni per US dollar - 3.0614 (2003), 2.7641 (2002), 2.3722 (2001), 2.0763 (2000), 1.2378 (1999)
note: the new unit of exchange was introduced on 30 October 2000, with one somoni equal to 1,000 of the old Tajikistani rubles
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Fiscal year
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calendar year
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Applied Language Solutions offer English to Tajik Translation .
This information was reproduced in part from the CIA World Fact book.
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