Major macroeconomic indicators of Tajikistan 2017

In 2017 the positive trend of development was maintained due to output growth in real sectors in economy, investments, services, growth in prices on the global raw materials and metal markets, economic growth of country’s trading partners and stability of macroeconomic indicators of the country was ensured in general.

The real growth of the gross domestic product of the country equaled to TJS 61093,6m during this period.

The positive economic development of the country was ensured through expanding industrial production volume amounting to 21,3%, agricultural products – 6,8%, funding fixed capital – 4,1%, retail turnover – 6,6%, fee-based services – 1,8% and foreign trade turnover – 1,1%.

In 2017 inflation remained at 6,7%, arising from growing prices for foodstuff – 7,5%, non-food items – 4,4% and the cost of fee-based services – 7,7%.

In 2017 the industrial production volume has reached TJS 20,0bln, its growth rate equaled to 21,3% as compared with the same period of the previous year, including mining industry productions reached TJS 4,5 bln (22,5%), manufacturing sector – TJS 11,7 bln (22,7%), as well as generation and distribution of electricity, gas, heating and water – TJS 3,7 bln (16,5%).

In the reporting period, share of industrial output in the gross industrial products amounted to – 22,6% (last year – 19,8%), manufacturing – 58,8% (62,2%), generation and distribution of electricity, gas, heating and water – 18,6% (18,0%).

In 2017 production of new industrial import substitution products by utilizing modern technologies, such as fluoride aluminum, sulphuric acid, cryolite, coagulants, bags and light bricks.

During this period, power generation comprised to 18,1bln kW/h, which increased by 5,3%. as compared to the last year.

Consumers have been ensured with heating generation in amount of 428,2 thousand/Gcal, which increased by 37,5% as compared with the last year.

In 2017 the total volume of the agricultural products in all farming forms comprised to TJS 24,6 m and its real development was ensured at a rate of 6,8 %.

In particular, plant products’ volume had reached TJS 16,9bln and animal products – TJS 7,6bln, and their growth trend amounted to 7,4% и 5,6% accordingly.

According to statistics for 2017, funding fixed capital from all source of funding amounted to TJS 11208,5m, which increased by 4,1% as compared with the last year.

From the total amount of assigned assets, TJS 4983,0m of which was public investment (44,5%), TJS 4460,5m – foreign investments (39,8%) and TJS 1764,9m – other sources (shareholders, population, farms and other firms) (15,7%).

As of January 1, 2018, 68 state investment projects, including 25 grant projects, 14 loan projects and 29 co-financing loan and grant projects for a value of TJS 24,9 bln (amounting to $2,82 m, USD) are implementing in the country.

Within reporting period of  2017 retail turnover and car and household goods repair comprised to TJS 18934,1 bln, which compared to the last year with comparative prices increased by 6,6%.

In 2017, the volume of fee-based services to population amounted to TJS 10799,1bln, which compared to the last year with comparative prices increased by 1,8%.

Increase in development growth are largely formed due to passenger transportation services at a rate of 8,1%, education sector – 1,4%, communication area – 4,8% and medical services – 8,2%.

In 2017 foreign trade turnover was TJS 3973,1m, which compared with the last year increased by 1,1% or $ 43,2m USD accordingly. During this period, the amount of exports comprised $ 1198,1m USD, which increased by 33,3% compared to the previous year. Import of goods equaled to $ 2775,0m USD, which decreased by 8,5 % compared with 2016. A negative balance of foreign trade turnover amounted to $ 1576,9m USD.

During this period, the major Tajikistan’s trade partners were The Russian Federation (23,6%), Kazakhstan (21,1%), China (14,9%), Turkey (8,5%), Uzbekistan (3,2%), Luxemburg (Germany (2,7%), Afghanistan (2,5%), Switzerland (2,4%), Iran (2,3%), Turkmenistan (1,3%), Kyrgyzstan (1, 2%) and other countries.