Tajikistan Economy

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Tajikistan is a developing country in Central Asia. It has the lowest GDP of all former Soviet republics. GDP per capita is $1,600 (2007). GDP growth is 7.8%. The unit of currency is somoni.

Tajikistan is regarded as one of the poorest of former Soviet republics. The country depends upon external aid from Russia and Uzbekistan for its fundamental subsistence needs. The Tajikistan government has consistently pursued the privatization of medium and large sized companies from 2000. Banking reforms are also being implemented.

Industry

Tajikistan possess rich mineral resources like silver, antimony and gold. The Central Asian nation is overly reliant on exports of aluminum and cotton. The biggest gold and silver deposits are situated in Soghd province. Other commercially valuable metals include lead, zinc, mercury, fluorospar, and strontium. Fossil fuels are, however, limited to coal. The industrial sector of Tajikistan consists of chemical production and aluminum producing companies. Aluminum is produced in Tursunzoda processing plant near Dushanbe. The textile industry processes locally harvested cotton. A few food processing companies are a

lso present.

 

 

Agriculture

Agriculture in Tajikistan suffers from Soviet era planning. Cotton is a major cash crop. Privatization of cotton farms have still not been completed. Other crops like vegetables, fruits, cereals, rice and potatoes are also grown. Tajikistan imports grain from Uzbekistan and Kazakhstan. Wood production is trifling as most forested areas are under government protection.

Hydropower

Tajikistan possess great potential for hydro power generation. The country has striven to attract international investments in this sector. Tajikistan is home to the highest dam cum hydroelectric power station Nurek. The Sangtuda-1 hydroelectric power station started generating electricity from January 18, 2008. It was constructed by the Russian company RAO UES. China and Iran are also participating in construction of Sangduta-2, Rogun and Zerafshan power plants.

Tajikistan's GDP (purchasing power parity) is $11.96 billion (2007). Total labor force is 2.1 million. A dominant part of this labor force is engaged in agriculture (67.2%). Services employ 25.3% of the labor force. Industry employ 7.5%.