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Tajikistan GDP Expands 7.4% in 2011

Tuesday 17 January 2012

DUSHANBE (Reuters) – Economic growth in Tajikistan accelerated to 7.4% last year from 6.5% in 2010, the state statistics agency said on Monday.

Annual inflation slowed to 9.3% in 2011 from 9.8% in the previous year, data released by the agency showed. However, industrial production growth of 5.9% was slower than the 9.7% expansion recorded a year earlier.

Central Asia GDP 2010

The economy of Tajikistan relies on remittances from around 1 million migrant workers and revenues from aluminium and cotton exports. The agency said Tajikistan’s gross domestic product at the end of 2011 stood at around US $6.5 billion. The country’s external trade deficit widened to $1.9 billion from $1.5 billion a year earlier.

Aluminium accounted for 55% of Tajikistan’s total export revenues last year, the agency said, while cotton contributed 16%.

Imports of natural gas from Uzbekistan rose 3% in volume and 16% in cost last year.

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