The Government of Tajikistan expects the country’s economic growth rate to stand at 7.9 percent in the coming two years.
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. In most cases, the economic growth rate measures the change in a nation's gross domestic product (GDP).
According to the Ministry of Finance (MoF), the real growth rate of the country’s gross domestic product (GDP) will be 7.9 percent in 2020-2021 and 8.0 percent in 2022.
“This year, the country’s GDP is projected to stand at 87.4 billion somoni, which is 11.7 percent more than last year,” an official source at a MoF told Asia-Plus in an interview.
According to him, GDP nominal growth rate is expected to be on average 11.6 percent in 2021-2022. “In 2022, GDP is expected to stand at 108.7 billion somoni,” the source said.
The government expects inflation to stand at 6.8 percent in 2020 and 2021. In 2022, inflation is expected to stand at 6.6 percent.
Besides, the national currency, the somoni, is expected to lose 6.7 percent of its value against the U.S. dollar this year and an average official buying rate (the buying rate is the rate at which money dealers will buy foreign currency) of the dollar against the somoni will be 1:10.2 in 2020.
Recall, the somoni last year lost 2.7 percent of its value against the U.S. dollar (at the National Bank rate).
