BAKU, Azerbaijan, November 24. The Tajik economy’s post-Covid recovery is continuing apace, Trend reports citing the European Bank for Reconstruction and Development.
According to EBRD's data, the Gross domestic product (GDP) of Tajikistan in the first half of 2022 grew by 7.4 percent over the same period in 2021, with strong gains in all sectors.
"For the first half of 2022, industrial production, including export-oriented mining activities, grew considerably (up 17.3 percent year on year), while the agriculture sector expanded 7.2 percent," the EBRD reports.
The Bank also noted that, in the first seven months of 2022, Tajikistan saw an 85 percent increase in imports from China, suggesting that the country is serving as a conduit for parallel imports to Russia. The Tajik somoni recovered almost fully to its pre-war value against the US dollar and appreciated significantly against the euro.
Remarkably, with inflation at 5.7 percent in September 2022 Tajikistan was the only regional economy to keep inflation within the central bank’s target corridor.