Economy GDP nominal (2005 est.): $2.3 billion. GDP nominal per capita (2005): U.S. $364. Purchasing power parity is about $1,300. GDP real growth rate (2005 est.): 6.7%. Inflation rate (consumer prices, 2006 est.): 7.5%. Natural resources: Hydropower, some petroleum, uranium, gold, mercury, brown coal, lead, zinc, antimony, tungsten. Official unemployment rate (2003): 2.1%. The official rate is estimated based on the number of registered unemployment benefit recipients; under employment also is very high, approximately 40% of the workforce; 60% live under the poverty line (2004). Agriculture: Products--cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats. Industry: Types--aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil, textiles, metal-cutting machine tools, refrigerators and freezers. Trade: Exports (2006 est.)--$1.16 billion f.o.b.: aluminum (49%), electricity (23%), cotton (12%), gold, fruits, vegetable oil, textiles. Partners (2005)--Netherlands 46.6%, Turkey 15.8%, Russia 9.1%, Uzbekistan 7.3%, Latvia 4.9%, Iran 4%. Imports (2006 est.)--$1.513 billion f.o.b.: electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs. Partners (2005)--Russia 19.3%, Kazakhstan 12.7%, Uzbekistan 11.5%, Azerbaijan 8.6%, China 7%, Ukraine 6.2%, Romania 4.6%, Turkmenistan 4%. Total external debt (2005 est.): $1.09 billion; total bilateral external debt--$509 million, of which Uzbekistan $94 million, U.S. $18.2 million, Turkey $26 million, Kazakhstan $19 million, Pakistan $16 million; total multilateral debt (2000)--$365 million, of which World Bank $153 million, IMF $113 million, ADB $19 million. Debt/GDP ratio (2005): 46.7%.
GEOGRAPHY At 36'40' northern latitude and 41'14' eastern longitude, Tajikistan is nestled between Kyrgyzstan and Uzbekistan to the north and west, China to the east, and Afghanistan to the south. Tajikistan is home to some of the highest mountains in the world, including the Pamir and Alay ranges. Ninety-three percent of Tajikistan is mountainous with altitudes ranging from 1,000 feet to 27,000 feet, with nearly 50% of Tajikistan's territory above 10,000 feet. Earthquakes are of varying degrees and are frequent. The massive mountain ranges are cut by hundreds of canyons and gorges; at the bottom of these run streams which flow into larger river valleys where the majority of the country's population lives and works. The principal rivers of Central Asia, the Amu Darya and the Syr Darya, both flow through Tajikistan, fed by melting snow from mountains of Tajikistan and Kyrgyzstan. Flooding and landslides sometimes occur during the annual spring thaw. TAJIKISTAN ECONOMY Tajikistan is the poorest Commonwealth of Independent States (CIS) country and one of the poorest countries in the world. With foreign revenue precariously dependent upon exports of cotton and aluminum, the economy is highly vulnerable to external shocks. In FY 2000, international assistance remained an essential source of support for rehabilitation programs that reintegrated former civil war combatants into the civilian economy, thus helping keep the peace. International assistance also was necessary to address the second year of severe drought that resulted in a continued shortfall of food production. Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000. In December 1999, the government announced that small-enterprise privatization had been successfully completed, and the privatization of medium-sized and large state-owned enterprises (SOEs) continued incrementally. The continued privatization of medium-sized and large SOEs, land reform, and banking reform and restructuring remain top priorities. Shortly after the end of FY 2000, the Board of the International Monetary Fund gave its vote of confidence to the government's recent performance by approving the third annual Poverty Reduction and Growth Facility Loan for Tajikistan. Improved fiscal discipline by the Government of Tajikistan has supported the return to positive economic growth. The government budget was nearly in balance in 2001 and the government's 2002 budget targeted a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending. |