EBRD shares forecast on Tajikistan’s GDP growth

Tajikistan Materials 16 February 2023 11:33 (UTC +04:00)
Alyona Pavlenko
Alyona Pavlenko
Read more

BAKU, Azerbaijan, February 16. The gross domestic product (GDP) growth in Tajikistan is forecasted to be at 8 percent in 2023, according to the latest report of the European Bank for Reconstruction and Development (EBRD), Trend reports.

The indicators for Tajikistan have not changed from the EBRD’s estimations in September 2022. Tajikistan is expected to have the highest GDP growth among the Central Asian countries this year.

According to the bank, the GDP growth in Tajikistan in 2024 is also expected to be at 8 percent.

As the bank noted, Tajikistan has seen significant increases in inflows of labor, capital and remittances in 2022.

At the same time, the EBRD predicted the GDP growth in Central Asia at 4.9 percent in 2023, and 5.4 percent in 2024.

“Economies in Central Asia and the Caucasus benefitted from intermediating trade to Russia as well as inflows of capital and educated migrants from Russia,” the bank added.

Furthermore, the GDP growth in EBRD regions is expected to be at 2.1 percent in 2023, with a downward revision from the previous forecast in September 2022 due to the high gas prices and persisting impact of inflation on the regional economies.