DUSHANBE, Tajikistan, June 7. The Eurasian Fund for Stabilization and Development (EFSD) projects that Tajikistan's GDP growth will slow to 7.2 percent in 2024, Trend reports.
Based on its analysis, the fund projects that the country's real
GDP growth will reach 7 percent in 2025 and slightly decrease to
6.8 percent in 2026. Based on the data provided, EFSD predicts that
the GDP will reach $13.3 billion in 2024, $14.7 billion in 2025,
and $16.1 billion in 2026.
The fund notes that the decrease in growth rates from their highest
point is primarily caused by a decrease in consumer demand, which
is a result of the anticipated decrease in the growth of
remittances.
On the other hand, the stable exports of precious metals, the
active expansion of investment activities, such as the
implementation of the Rogun HPP project and increased investments
in other infrastructure projects, along with the favorable
conditions in the labor market, will continue to contribute to
sustained growth rates.
The EFSD points out that Tajikistan's economic growth has
consistently exceeded the 8 percent threshold for the third
consecutive year, with a growth rate of 8.3 percent in 2023.
Consumer demand, fueled by rapid growth in consumer lending and real wages, remained the primary driver of growth, mirroring the trends observed in 2022. Investment activity also surged, propelled by the active construction of the Rogun HPP and the execution of projects in other priority sectors.