DUSHANBE, Tajikistan, October 31. Tajikistan's GDP grew by 8.4 percent year over year from January through September 2024, up from 8.2 percent in the first half of the year, Trend reports via the Eurasian Development Bank (EDB).
Key drivers of the economy's growth included agriculture, contributing 2.7 percentage points, followed by trade (1.5 percentage points), transportation (1.4 percentage points), and industry (1 percentage point), primarily driven by growth in the extractive sector.
The EDB also noted that inflation in Tajikistan eased to 3.1 percent year over year in September 2024, down from 3.6 percent in August.
The pace of consumer price growth remains below the National Bank's target range, supported by the stability of the Tajik somoni and reduced inflationary pressure from international energy and food prices.
Looking ahead, the EDB forecasts a further decline in the refinancing rate at upcoming meetings amid subdued price growth.
Tajikistan's GDP rose by 8.3 percent in 2023 and 8 percent in 2022. The International Monetary Fund (IMF) projects that real GDP growth will reach 6.8 percent in 2024. Meanwhile, the World Bank (WB) expects it to achieve 7.2 percent for the same year.