DUSHANBE, Tajikistan, December 7. The extractive industry in Tajikistan showed the highest growth among industrial sectors from January through October 2024, Trend reports.
According to the Eurasian Development Bank (EDB), this growth amounted to a 38.7 percent year-on-year (YoY) increase, primarily due to the rise in ore extraction.
At the same time, manufacturing industries grew by 8 percent YoY during the same period. Strong performance in the food industry and metallurgy, which saw production increases of 5 percent and 12.6 percent YoY, respectively, largely drove this significant growth.
The production of non-metallic mineral products, in high demand for construction, also showed substantial growth, rising by 16.1 percent YoY over the same period.
The energy sector, which includes electricity, heat, and gas supply, saw a modest increase of 2.3 percent YoY from January through October 2024. While the sector has overcome the decline in electricity generation at hydropower plants observed in the first half of the year, it has not yet returned to stable growth levels.
Estimates indicate that the industrial sector will continue to fuel strong economic growth, outpacing the average growth rates observed throughout the Eurasian Development Bank's operational region during the forecast period.