The World Bank has recently upgraded its forecast for Tajikistan’s economic growth, projecting a real GDP growth of 7.2% for 2024, which is an increase from its previous report in June. The outlook for 2025 and 2026 has also improved, with GDP growth expected to reach 5.5% and 5% respectively.
However, the overall economic growth in Central Asia is expected to slow down to 4.3% in 2024, with Kazakhstan seeing a decrease to 3.4% due to various factors. Despite this, other Central Asian countries have seen an upward revision in their growth estimates.
The World Bank attributes these improvements in economic growth to factors such as increased government spending, revival in consumption, and support from remittances and trade with Russia. Nevertheless, the expected GDP per capita growth for Central Asia in the current year is only 2.7%.