View the information below regarding the economy of Tajikistan. The summary and statistics contains
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GDP nominal: 1.09 billion.
GDP per capita (2003): Nominal: U.S.$162. Purchasing power parity is about $1,000.
GDP (2000. est.): Real growth rate: 9.2%.
Inflation rate: 33%.
Natural resources: Hydropower, some petroleum, uranium, gold, mercury, brown coal, lead, zinc, antimony, tungsten.
Unemployment rate: 20% (2001), under employment also is very high; 85% live under the poverty line (2002).
Agriculture: Products--cotton, grain, fruits, grapes, vegetables; cattle, sheep, goats.
Industry: Types--aluminum, zinc, lead, chemicals and fertilizers, cement, vegetable oil, textiles, metal-cutting machine tools, refrigerators and freezers.
Trade: Exports--$792 million (2000): aluminum (49%), electricity (23%), cotton (12%), gold, fruits, vegetable oil, textiles. Partners--Europe 43%, Russia 30%, Uzbekistan 13%, Asia 12%, other CIS 2% (1997). Imports--$839 million (2000.): electricity, petroleum products, aluminum oxide, machinery and equipment, foodstuffs. Partners--Other CIS 41%, Uzbekistan 27%, Russia 16%, Europe 12%, Asia 4% (2000).
External debt total (2000): $1.01 billion. Bilateral external debt: total --$509 million: Uzbekistan $130 million, Russia $288 million, U.S. $22 million, Turkey $26 million, Kazakhstan $19 million, Pakistan $16 million; multilateral debt: total--$365 million: World Bank $153 million, IMF $113 million, ADB $19 million (2000).
Debt/GDP ratio (2000): 129.
Economy of Tajikistan
Tajikistan is the poorest CIS country and one of the poorest countries in the world. With foreign revenue precariously dependent upon exports of cotton and aluminum, the economy is highly vulnerable to external shocks. In FY 2000, international assistance remained and essential source of support for rehabilitation programs that reintegrated former civil war combatants into the civilian economy, thus helping keep the peace. International assistance also was necessary to address the second year of severe drought that resulted in a continued shortfall of food production.
Despite resistance from vested interests, the Government of Tajikistan continued to pursue macroeconomic stabilization and structural reform in FY 2000. In December 1999, the government announced that small-enterprise privatization had been successfully completed, and the privatization of medium-sized and large-owned enterprises (SOEs) continued incrementally. The continued privatization of medium-sized and large SOEs, land reform, and banking reform and restructuring remain top priorities. Shortly after the end of FY 2000, the Board of the International Monetary Fund gave its vote of confidence to the government's recent performance by approving the third annual Poverty Reduction and Growth Facility Loan for Tajikistan. Improved fiscal discipline by the Government of Tajikistan has supported the return to positive economic growth. The government budget was nearly in balance in 2001 and the government’s 2002 budget targets a fiscal deficit of 0.3% of GDP, including recent increases in social sector spending.