BAKU, Azerbaijan, May 20. Tajikistan is among the countries where remittance inflows account for very high share of the GDP, Trend reports referring to the World Bank (WB).
Tajikistan's most important source of financing and economic growth is remittances, which accounted for 34 percent of the country's GDP in 2021.
Near-term projections for remittances to the region, which are expected to fall by 1.6 percent in 2022, are highly uncertain, dependent on the scale of the situation in Ukraine.
Meanwhile, remittance inflows to Europe and Central Asia increased by 7.8 percent in 2021, reaching historic highs of $74 billion. The growth was due in large part to stronger economic activity in the European Union and rebounding energy prices.