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Tajikistan Tajikistan

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Tajikistan – Quick View
ECR score20.81 (Mar 2011)
ECR rank157 (Mar 2011)
GDP (2010)USD 5.64 billion
GNI per capita PPP (2009)USD 1,950
FDI inflow (2009)USD 76.9 million
Inflation (2010)9.8%
Central bank assets (2009)USD 327.13 million
Unemployment rate (2010)2.2%
Government deficit (2010)USD 10.29 million
Tax revenue (2010)USD 994.52 million
Government typePresidential system
Recent political crisisNA
Economic freedom score (2011)128th
Freedom of information score (2010)115th
Corruption perception index (2010)154th
Birth rate26.8 per ‘000
Population balance (2009)Under 19 years – 46.5%
Population balance (2009)Above 60 years – 5.1%
Life expectancy yearsMale – 70.5 years
Life expectancy yearsFemale – 75.3 years
Mortality rate4.3 per ‘000
Literacy rate (2010)99.7%
Internet access16.8%

[Top] Economic Overview

Gross domestic product (GDP)

The Gross Domestic Product in 2010 was estimated to be TJS 24.7 billion, increasing 19.9% as compared to the previous year. The services sector contributed to 47.9% of total GDP, followed by 18.7% of GDP from agriculture sector and 12.6% of GDP from the industry sector.

The real GDP growth rate in 2010 was recorded at 6.5% as compared to 3.4% in 2009.

Tajikistan GDP and Real GDP growth rate

(Source: National Statistics)

GDP per capita increased by 17.8% in 2010 over the previous year and was registered at TJS 3,252.9.

Gross national income (GNI)

The gross national income (GNI) per capita at PPP was USD 1,950 in 2009 as compared to USD 1,900 in 2008.

(Source: World Bank)

Income tax rate

In Tajikistan, the highest tax rate on individual income was 13%.


Corporate tax rate

The statutory corporate tax rate is charged from 1%-15%. While, the value-added tax rate is 18%.


Foreign direct investment

Foreign direct investment inflows amounted to USD 76.9 million in 2009, as compared to inflows of USD 716.7 million in 2008. The investments in transport and communication sector amounted to USD 35.5 million, followed by USD 31.7 million in the financial intermediation sector and USD 9.7 million in the energy, industry and construction sector.

(Source: Central Bank)


Inflation for 2010 was recorded at 9.8%.

(Source: National Statistics)

Bank sector assets

The total bank sector assets amounted to TJS 1,347.47 million in 2009.

Bank Sector Assets ( TJS million)



Cash vaults


Precious metals- monetary and non-monetary


Placement with banks


Investments in domestic securities


Loans, net


Placements with IMF


Property, Equipment and Intangible assets


Other assets


Total Assets


(Source: Central Bank)

[Top] Financial Indicators & Government Financial

Consumer price index (CPI)

In 2010, consumer price index was registered at 109.8, increasing 4.6% as compared to the previous year. Furthermore, the CPI for January 2011 was recorded at 101.9.

(Source: National Statistics)

Tajikistan Consumer Price Index

(Base Index 2004=100)

(Source: National Statistics)

Producer price index (PPI)

The producer price index (PPI) in December 2010 was 105.3, as compared to 107.1 in December 2009. The annual growth rate rate declined to 1.7% in 2010.

Tajikistan Producer Price Index

(Source: National Statistics)

Interest rates on savings deposits

As of January 2011, interest rates on savings deposit in domestic and foreign currency was 2.45% and 1.19% respectively.

(Source: Central Bank)

Interest rates on time deposits

The interest rate on time deposits in domestic and foreign currency was recorded at 17.47% and 15.8% respectively in January 2011.

Interest Rate on Time Deposit, January 2011


Deposits in domestic currency (%)

Deposits in foreign currency (%)

Up to 1 month



1-3 months



3-6 months



6 months – 1 year



Above 1 year



(Source: Central Bank)

Interest rates on demand deposits

The interest rate on demand deposits in domestic currency was recorded at 0.52%, while in foreign currency it was 0.04% in January 2011.

(Source: Central Bank)

Money supply

Money Supply, M0 and M1 amounted to TJS 1,856.4 million and TJS 3,050.8 million in January 2011 respectively. The annual growth rate was recorded at 26.8% for M0 and 43.4% for M1 in the same period, as compared to previous period.

Money Supply (TJS million)

Time- Period

Money Supply (M0)

Money Supply (M1)

Jan 2010



Feb 2010



Mar 2010



Apr 2010



May 2010



Jun 2010



Jul 2010



Aug 2010



Sep 2010



Oct 2010



Nov 2010



Dec 2010



Jan 2011



(Source: Central Bank)

Government expenditure

Government expenditure was estimated to be TJS 6,781.3 million in 2010, as compared to TJS 5,643 million in 2009. The total government expenditure as a percentage of GDP was recorded at 27.4% and 26.8% in 2009 and 2010 respectively.

(Source: Ministry of finance)


Tajikistan Government Expenditure

(Source: National Statistics)

Public debt

Public debt in 2009 amounted to TJS 576.7 million and was estimated to be TJS 301.3 million in 2010. The total public debt, as a percentage of GDP, is estimated at 1.2% in 2010.

(Source: Ministry of finance)

Official exchange rate

Exchange rate TJS/USD in 2010 was recorded at 4.38, as compared to 4.14 in 2009. As of April 2011, the exchange rate was recorded at 4.47.

(Source: Central Bank)

Tajikistan Exchange Rate

(Source: National Statistics)

Government finances

Fiscal balance

Fiscal deficit in in 2010 amounted to TJS 45.1 million as compared to a deficit of TJS 100 million in 2009.

Tajikistan Fiscal Balance

(Source: National Statistics)

Total revenues

The total budgeted revenue in 2010 was estimated to be TJS 6,736.2 million, corresponding to 26.6% of total GDP. The annual growth rate was 21% in 2010 as compared to previous year. Furthermore, the tax revenues and non-tax revenues amounted to TJS 4,355 million and TJS 251.4 million respectively.

(Source: Ministry of finance )

Tax revenues

The total tax revenue in 2010 is estimated to be TJS 4,355 million, increasing 19% over the previous year.  Tax revenue as a percentage of GDP was recorded at 12.2% in 2009.

Tax Revenues (TJS million)


2010 (Estimated)


Income tax



Social tax



Property tax and land tax



Sales tax and Value-added turnover



Exercise tax



Customs tax



Other taxes on goods and services



Total Tax Revenues



(Source: Ministry of finance)

Current account balance

The current account balance registered a deficit of USD 374.84 million in 2010, as compared to a deficit of USD 179.86 million in the previous year.

Tajikistan Current Account Balance


(Source: Central Bank)

Balance of payments

Tajikistan’s Balance of Payments, (USD million)





Current Account Balance




Trade balance in goods and services








Current transfers




Net foreign borrowing




Net direct investments




Net portfolio investment




Net other investments




Change in reserve assets




(Source: Central Bank) 

[Top] Labour Force and Employment Overview

Labour force

The economically active population in September 2010 was 2,151,500 people, of which 97.8% were employed and 2.2% were unemployed.

(Source: National Statistics)

Labour force participation rate

Labour force participation rate in 2008 was recorded at 66%. Specifically, the male and female participation rates were 77% and 56% respectively.

(Source: World Bank)

Employment in agriculture

The total people employed in agriculture in December 2010 was 511,900, decreasing 1.8% as compared to the previous year.

(Source: National Statistics)

Employment in industry

The total employment in industry decreased by 4.2% in December 2010, as compared to previous period.

(Source: National Statistics)

Employment in services

The total individuals employed in the services sector weas registered at 39,200 in December 2010, showing a decline of 5.5% over the previous year.

(Source: National Statistics)

Unemployment rate

The unemployment rate was recorded at 2.2% from January to September 2010.

(Source: National Statistics)

Minimum wage

The monthly average wage in 2010 was estimated to be TJS 354.77, as compared to TJS 284.35 in 2009.

(Source: National Statistics)

Level of unionisation

Federation of Independent Trade Unions is the national trade union centre in Tajikistan. Furthermore, the Union of Employers of the Republic of Tajikistan is an association of employers in the country.


[Top] Political Stability

Government stability

Republic of Tajikistan is a sovereign, democratic, juridical, secular and unitary state. The government is based on a presidential system, where the president is the head of state. The government consists of Prime Minister, deputies, chairpersons and ministers of state committee.

The legislative power is vested with the parliament, which is bicameral and is known as Majlisi Oli. The parliament includes the National Assembly and House of Representatives. The National Assembly consists of 34 members who are indirectly elected for a term of 5 years. The assembly’s role is to elect deputies, judges of various courts and prosecutor general on the advice of the president.

The House of Representatives has 63 members, who are directly elected for a term of 5 years. The house consists of ten committees and one commission. The functions of the house are court formation, discussion and proposal of laws on state budget and to confirm or reject international treaties.


The major political parties in the country include:

  • Democratic Party
  • Party of Islamic revival
  • Communist party
  • National - democratic party
  • Socialist party
  • Social-democratic party

Currently, Emomali Rahmonov is the President of Republic of Tajikistan.


Regulatory environment

Tajikistan’s economy is 128th freest economy in 2011 Economic Freedom Index, with a score of 53.5. The country’s overall score is below the world average. Furthermore, the country ranks 26st out of 41 countries in the Asia-Pacific region.


Tajikistan Economic Freedom Indices


Corruption perception

The Corruption Perceptions Index (CPI) is a survey to measure the perceived level of corruption across countries worldwide. Tajikistan is ranked 154th with a score of 2.1.


Freedom of information

World Press Freedom Index 2010 ranks Tajikistan at 115th with a score of 34.50. The country slipped from its 2009 position, when it was ranked 113th.

Major newspapers include:

  • Minbar-i Khalq
  • Jumhuriyat
  • Khalq Ovozi
  • Narodnaya Gazeta
  • Neru-i Sukhan
  • Nido-i Ranjbar
  • Golos Tajikistana
  • Tojikiston
  • Najot

(Source:, BBC)

Judicial system

The judicial system in the country is independent, and is comprised of:

  • Constitutional Court
  • Supreme Court
  • Supreme Economic Court
  • Military Court
  • Court of the Gorno Badakhshan Autonomous Oblast
  • Court of the city of Dushanbe
  • Provincial Court
  • District Courts

[Top] Demographic Overview

Total population

The total population, as of September 2010, was 7.6 million, increasing 1.3% as compared to previous period.

In 2009, individuals in the age group of 0-19 years constituted 46.5% of the population, followed by the age group 20-59 years representing a percentage share of 48.3%. Finally, people above the age of 60 years accounted for only 5.1% of total population.

(Source: National Statistics)

Gender balance

Representation of gender in the country is equal, the male population was 3.77 million and female population was 3.75 million in 2009.

(Source: National Statistics, UN)

Birth rate and mortality rate

The birth rate in 2009 was recorded at 26.8 per 1,000 individuals as compared to 27.9 per 1,000 individuals in 2008. Alternatively, the death rate was 4.3 per 1,000 individuals.

(Source: National Statistics)

Average life expectancy

The life expectancy was recorded at 72.3 years in 2009. Specifically, the life expectancy for males and females was 70.5 years and 75.3 years respectively in 2009.

(Source:National Statistics)

Racial/ethnic environment

The ethnic groups in the country include Tajiks, Uzbeks, and Russians, as well as others.


Migration and urbanisation

The total immigrants and emigrants as of 2009 were 25,563 and 37,231 respectively. Furthermore, immigrants increased by 4.7% and emigrants decreased by 1.1% in 2009 as compared to previous year.

The urban population was 1.99 million in 2009, constituting 26.4% of total population.

(Source: National Statistics)

Human development index (HDI)

Tajikistan is ranked 112th on the Human Development Index 2010. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and having a decent standard of living (measured by purchasing power parity, PPP, income).


Poverty and inequality

The poverty rate was recorded at 46.7%, and the extreme poverty rate was 13.8% in 2009.

(Source: National Statistics)

[Top] Soft Infrastructure

Literacy rate

The adult literacy rate in 2010 was registered at 99.7%.

(Source: UNDP)

Education resources

The education system in the country has following levels: pre-school, primary, secondary, primary, medium and higher professional and higher education.

The pupil-teacher ratio in 2009-10 in pre-school institutions and in general education schools was 13:1 and 18:1 respectively.

Education Resources



Pre-school Institutions


Number of children


General Education Schools


Number of teachers


(Source: National Statistics)

The budgeted education expenditure is planned to be TJS 1,068.3 million in 2010, accounting for 4.4% of total GDP.

(Source: Ministry of finance)

Healthcare resources

The budgeted health expenditure in 2010 was estimated to be TJS 403.8 million, increasing 20% as compared to previous year.

(Source: Ministry of finance)

Healthcare Resources



Number of hospitals


Number of beds (per 10,000 population)


Number of physicians (per 10,000 population)


Assistants and Nurses (per 10,000 population)


(Source: National Statistics)

[Top] Hard Infrastructure

Mass public transit

The mass public transport in the country is by buses, taxis and electrical transport.

(Source: National Statistics)


The total road network of Tajikistan is 26,300 km, which includes 4,978 km of republican roads and 21,300 km of local roads.



Tajikistan has two airports, namely Dushanbe and Khudzhand, with a runway length of 10,100 ft. and 10,400 ft. respectively.

(Source: aircraft-charter)

Telecommunications network

The total internet subscribers increased to 1,077,400 in September 2010, as compared to 416,500 in the year 2009.

The internet penetration as of June 2010 was 16.8% of the population.

(Source: National Statistics,

The total fixed telephone line subscribers were registered at 290,000, or 4.17 per 100 individuals in 2009.

Tajikistan Fixed Telephone Subscribers


The mobile cellular subscribers were registered at 4,900,000, or 70.48 per 100 inhabitants in 2009.

Tajikistan Mobile Subscribers


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