FCHAIN Tajikistan Office informs:
Tajikistan has demonstrated robust economic growth, with a significant expansion of 8.3% in 2023 and 8.2% in early 2024. This was driven by increased revenue from gold exports and public infrastructure spending. Worker remittances and public wage increases have also buoyed the country’s economic activity, bolstering domestic demand and contributing to poverty reduction. Tighter monetary policy, coupled with moderating inflation as global food and fuel prices have dropped, has helped further strengthen the country’s economic landscape.
Yet the country’s economic outlook faces challenges. GDP growth is expected at 6.5% in 2024 and 4.5% in the medium term due to sluggish growth in key trading partners and domestic reform inertia. Remittances, a key growth driver, are expected to moderate, impacting private consumption and investment. Inflation is likely to rise due to electricity tariff hikes and higher public service wages.
