DUSHANBE, Tajikistan, February 15. The sovereign debt-to-GDP metric for Tajikistan is currently positioned at an unprecedented nadir, Trend reports.
The country’s Finance Minister Faiziddin Qahhorzoda stated at a press conference that as of January 1, 2025, Tajikistan's state debt amounted to $3.6 billion. The debt-to-GDP ratio stood at 25.2 percent, the lowest in the past 15 years.
Qahhorzoda noted that China remains the country's largest creditor, with Tajikistan owing approximately $1 billion to the country.
According to the minister, more than $3.2 billion of the total debt is external borrowing, and over $382 million is domestic debt. Tajikistan spent $299.2 million on servicing external debt, including $204.3 million for the principal and $94.9 million for interest, in 2024.
Last year, the country's GDP grew by 8.4 percent, reaching $13.7 billion. As of January 1, 2024, the total state debt was also $3.6 billion, with a debt-to-GDP ratio of 30.2 percent. Of this, $3.2 billion (or 89 percent) was external debt, and about $400 million (or 11 percent) was domestic debt.
