DUSHANBE, Tajikistan, July 3. Tajikistan is expected to maintain a current account surplus of 4.3 percent of GDP in 2023, according to the World Bank (WB), Trend reports.
However, economists from the WB anticipate a decline in this surplus to 3.5 percent in 2024 and further to 2.8 percent in 2025, primarily due to lower remittance inflows.
Tajikistan has sustained a current account surplus for the third year. In 2022, the country achieved a historically high surplus of 15.6 percent of GDP, a significant increase from the 8.2 percent surplus recorded in 2021. The primary and secondary income accounts in Tajikistan typically help to compensate for the substantial trade deficits.
As the bank noted, this decrease in household incomes is expected to reduce consumer imports, although the overall trade deficit will still remain significant. The challenging global financial conditions and business environment are likely to result in limited foreign direct investment (FDI) inflows.
Despite these challenges, Tajikistan holds great potential in the tourism sector, which can play a crucial role in increasing service exports and driving economic growth.