Tajikistan's GDP grows 8.1% in H1, inflation at 1.8%

DUSHANBE. Aug 5 (Interfax) - Tajikistan's GDP reached 70.8 billion somoni in H1 2025, up 8.1% compared to January-June 2024, according to a report on the country's socio-economic development from the Economic Development and Trade Ministry.

According to the ministry, economic growth was primarily driven by a 24% increase in industrial production, 14.6% growth in fixed capital investments, a 12.8% rise in paid services, a 9.7% expansion in agriculture, a 9.3% increase in freight transportation, 9% growth in trade turnover and 5.8% growth in passenger transportation.

Inflation in January-June 2025 stood at 1.8%, 0.1 percentage points lower than the same period last year. The inflation rate was mainly influenced by a 2.9% increase in food prices and a 3.4% rise in service tariffs.

The industrial sector saw the commissioning of 218 new industrial enterprises, creating 3,400 new jobs, resulting in total industrial production of 29.617 billion somoni, up 24%. Industrial growth was supported by a 1.7-fold increase in mining, 5% growth in manufacturing, a 13.2% expansion in electricity, gas, steam and air conditioning supply, and 15.9% growth in water supply, waste treatment and recycling. Electricity production in H1 2025 reached 11.812 billion kWh, up 13.9% year-on-year.

Total agricultural output in H1 2025 grew 9.7% to 23.854 billion somoni, including 9% growth in crop production and 11.2% in livestock production.

To mitigate potential economic risks and implement priority sector projects, Tajikistan attracted a total of $213 million from international financial institutions and development partners in January-June. This included $73 million in grants and concessional loans.

The official exchange rate on August 5 is 9.45 somoni/$1.