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Economy of Tajikistan vs Ukraine compared: GDP & Debt

Updated on by Georank team

Tajikistan has a GDP of $14.2B compared to $191B for Ukraine, ranking 145/197 and 57/197 by economy size, respectively.

Tajikistan has $3.54B in government debt (24.9% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Tajikistan vs Ukraine GDP by year

Tajikistan
Ukraine
1x
Year GDP, current $
Tajikistan Ukraine
2024 $14,204,575,549 $190,741,262,415
2023 $12,244,169,293 $181,221,517,869
2022 $10,713,525,200 $161,989,520,721
2021 $8,937,805,347 $199,765,859,571
2020 $8,133,963,551 $156,617,722,013
2019 $8,300,813,599 $153,883,047,510
2018 $7,764,999,999 $130,891,088,294
2017 $7,536,402,853 $112,090,505,082
2016 $6,992,416,097 $93,355,869,404
2015 $8,271,431,485 $91,030,967,789
2014 $9,112,605,459 $133,503,871,862
2013 $8,448,411,318 $190,498,811,460
2012 $7,633,036,903 $182,591,753,828
2011 $6,522,756,255 $169,333,835,202
2010 $5,642,221,099 $141,209,170,427
2009 $4,979,472,364 $121,552,153,444
2008 $5,161,299,725 $188,110,390,660
2007 $3,719,524,541 $148,733,861,386
2006 $2,830,213,849 $111,884,752,475
2005 $2,312,352,021 $89,238,865,119
2004 $2,076,176,869 $67,220,154,164
2003 $1,555,318,261 $52,010,355,753
2002 $1,221,106,220 $43,956,163,612
2001 $1,080,772,551 $39,309,580,983
2000 $860,541,842 $32,375,083,935
1999 $1,086,612,290 $31,580,639,554
1998 $1,320,199,582 $41,882,523,345
1997 $921,518,033 $50,151,531,592
1996 $1,043,654,822 $44,558,831,005
1995 $1,231,561,860 $48,213,856,469
1994 $1,522,001,206 $52,549,580,265
1993 $1,646,623,195 $65,648,559,903
1992 $1,908,554,572 $73,945,908,384
1991 $2,536,585,366 $77,350,733,982
1990 $2,629,395,066 $81,393,558,423
1989 - $82,709,161,099
1988 - $74,703,517,903
1987 - $64,087,694,038

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/tajikistan/ukraine | CC BY

GDP per capita in Tajikistan vs Ukraine by year

Tajikistan
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Tajikistan Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,341 $5,406 $5,038 $18,550
2023 $1,178 $4,964 $4,803 $17,665
2022 $1,052 $4,514 $3,946 $14,770
2021 $897 $3,986 $4,510 $17,846
2020 $834 $3,654 $3,505 $15,541
2019 $871 $3,460 $3,423 $14,217
2018 $834 $3,069 $2,895 $12,555
2017 $829 $3,017 $2,467 $11,536
2016 $789 $2,914 $2,047 $10,865
2015 $957 $2,975 $1,988 $9,922
2014 $1,082 $3,152 $2,904 $10,494
2013 $1,028 $2,919 $4,130 $10,904
2012 $952 $2,679 $3,951 $9,552
2011 $834 $2,456 $3,657 $9,127
2010 $737 $2,291 $3,040 $8,453
2009 $665 $2,171 $2,607 $7,995
2008 $703 $2,120 $4,018 $9,324
2007 $517 $1,966 $3,160 $8,900
2006 $401 $1,810 $2,366 $7,971
2005 $334 $1,673 $1,875 $7,142
2004 $306 $1,550 $1,401 $6,663
2003 $233.6 $1,396 $1,076 $5,764
2002 $187 $1,257 $903 $5,123
2001 $168.7 $1,139 $800 $4,747
2000 $136.9 $1,036 $653 $4,228
1999 $175 $947 $632 $3,871
1998 $213.7 $905 $831 $3,794
1997 $150.1 $855 $987 $3,794
1996 $172 $836 $870 $3,812
1995 $207 $1,006 $933 $4,124
1994 $261.3 $1,148 $1,009 $4,565
1993 $287.6 $1,454 $1,254 $5,766
1992 $338 $1,721 $1,413 $6,568
1991 $458 $2,417 $1,483 $7,148
1990 $487 $2,583 $1,564 $7,591
1989 - - $1,593 -
1988 - - $1,444 -
1987 - - $1,244 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/tajikistan/ukraine | CC BY

Tajikistan's GDP per capita is $1,341, ranking 166/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Tajikistan ranks 157th at $5,406, while Ukraine ranks 101st at $18,550.

Economic indicators

Tajikistan Ukraine
Gross domestic product
$14.2B
2024
$191B
2024
GDP rank
145/197
2024
57/197
2024
GDP growth
8.4%
2023-2024
2.91%
2023-2024
GDP per capita
$1,341
2024
$5,038
2024
GDP per capita rank
166/197
2024
120/197
2024
GDP per capita, PPP
$5,406
2024
$18,550
2024
GDP per capita PPP rank
157/197
2024
101/197
2024
Government debt
$3.54B
2024
$171B
2024
Debt-to-GDP ratio
24.9%
2024
89.7%
2024
Government debt per person
$335
2024
$4,520
2024
Government debt per person rank
175/185
2024
86/185
2024
Average annual personal income after taxes
$2,591
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
28.2%
2024
21.7%
2020
Income share by poorest 10%
2.9%
2024
4.3%
2020
Government expenditure, % of GDP
27.7%
2024
71.3%
2024
Consumer prices inflation
3.5%
2023-2024
6.5%
2023-2024
Central bank interest rate
7.75%
2025
15.5%
2025
Unemployment rate
0.08%
2016
9.83%
2021
Population
11038274
40125599

Spending and national debt comparison by year

Tajikistan
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Tajikistan Ukraine
Government spending Government debt Government spending Government debt
2024 27.7% 24.9% 71.3% 89.7%
2023 28% 29.9% 73.4% 81.2%
2022 27.4% 31.8% 65.4% 77.7%
2021 27.6% 42% 40.5% 48.9%
2020 29.2% 50.9% 45.6% 60.5%
2019 28.8% 43.2% 41.5% 50.5%
2018 30.9% 46.3% 41.9% 60.4%
2017 33.8% 46.3% 41.7% 71.6%
2016 32.7% 42.2% 40.8% 79.5%
2015 31.9% 35% 43% 79.3%
2014 27.5% 27.9% 44.8% 70.3%
2013 27.7% 29.3% 48.1% 40.5%
2012 24.7% 32.5% 49% 37.5%
2011 24.3% 35.5% 45.7% 36.9%
2010 25.9% 36.8% 49.2% 40.6%
2009 23.6% 36.9% 48.6% 35.4%
2008 20.2% 30.2% 47.1% 20.4%
2007 20.3% 34.3% 43.7% 12.3%
2006 21.6% 36.8% 44.6% 14.8%
2005 22.9% 45.8% 44.2% 17.7%
2004 20.2% 49.4% 41.6% 24.8%
2003 19.1% 69.8% 38.9% 29.4%
2002 19.1% 98.3% 37.9% 33.6%
2001 17.3% 99.4% 36.7% 36.7%
2000 18.1% 111.4% 35.5% 43.8%
1999 17.5% 107.8% 25.8% 59%
1998 17.1% 96.6% 37.1% 46.5%
1997 - - 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

GeoRank.org/economy/tajikistan/ukraine | CC BY

In 2024, Tajikistan's government spending was $3.93B, accounting for 27.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 24.9% in Tajikistan and 89.7% in Ukraine, ranking 166/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Tajikistan

Ukraine
1x
Year Deficit/surplus, % of GDP
Tajikistan Ukraine
2024 0.28% -17.2%
2023 -0.93% -19.3%
2022 -0.23% -15.6%
2021 -0.64% -3.97%
2020 -4.34% -5.92%
2019 -2.04% -2.08%
2018 -2.69% -2.12%
2017 -5.65% -2.36%
2016 -2.91% -2.46%
2015 -1.96% -1.16%
2014 0.92% -4.46%
2013 -0.73% -4.78%
2012 0.41% -4.31%
2011 0.6% -2.76%
2010 -2.71% -5.77%
2009 -0.2% -6.27%
2008 1.94% -3.14%
2007 2.13% -1.97%
2006 2% -1.36%
2005 -2.83% -2.28%
2004 -2.32% -4.41%
2003 -1.74% -0.89%
2002 -2.4% -1.84%
2001 -2.11% -3.03%
2000 -4.51% -3.19%
1999 -4.03% 4.95%
1998 -5.09% -2.69%
1997 - -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/tajikistan/ukraine | CC BY

In 2024, Tajikistan's government surplus, the difference between spending and revenue, was $39.2M, equivalent to 0.28% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 27 years, Tajikistan recorded a fiscal deficit in 20 of those years, while Ukraine ran a deficit in 26 years. On average, Tajikistan posted an annual deficit equal to 1.55% of GDP, compared to deficit of 4.46% of GDP for Ukraine.

Inflation comparison by year

Inflation
Tajikistan

Ukraine
1x
Year Consumer prices inflation
Tajikistan Ukraine
2024 3.5% 6.5%
2023 3.7% 12.9%
2022 6.6% 20.2%
2021 9% 9.4%
2020 8.6% 2.7%
2019 7.8% 7.9%
2018 3.8% 10.9%
2017 7.3% 14.4%
2016 5.9% 13.9%
2015 5.8% 48.7%
2014 6.1% 12.1%
2013 5% -0.3%
2012 5.8% 0.6%
2011 12.4% 8%
2010 6.5% 9.4%
2009 6.4% 15.9%
2008 20.4% 25.2%
2007 13.2% 12.8%
2006 10% 9.1%
2005 7.3% 13.5%
2004 7.2% 9%
2003 16.4% 5.2%
2002 12.2% 0.8%
2001 38.6% 12%
2000 32.9% 28.2%
1999 27.5% 22.7%
1998 43.2% 10.6%
1997 88% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/tajikistan/ukraine | CC BY

Over the past 28 years, Tajikistan has recorded an average annual inflation rate of 15%, compared with 12.8% in Ukraine. In 2024, inflation was 3.5% in Tajikistan and 6.5% in Ukraine.

Top exports between countries

Tajikistan
Export category Export value
Raw agricultural goods $268K
Textiles & consumer goods $78K
Machinery & equipment $24K
Processed food, beverages & tobacco $13K
Raw materials & minerals $6K
Chemicals & pharma $2K
Ukraine
Export category Export value
Processed food, beverages & tobacco $6.85M
Chemicals & pharma $3.66M
Machinery & equipment $1.7M
Animal & marine products $1.3M
Metals $1.04M
Wood & paper products $609K
Raw materials & minerals $266K
Textiles & consumer goods $179K
Raw agricultural goods $49K
Miscellaneous $1K

Balance of trade

Tajikistan Ukraine
Current account balance
$887M
2024
-$15.1B
2024
Current account balance ranking
54/190
2024
179/190
2024
Current account balance, % of GDP
+6.24%
2024
-7.94%
2024
Goods imports
$5.94B
2024
$72.3B
2024
Goods exports
$1.42B
2024
$39.3B
2024
Service imports
$971M
2024
$22.9B
2024
Service exports
$195M
2024
$17.3B
2024
Imports of goods and services, % of GDP
48.4%
2023
48.3%
2024
Exports of goods and services, % of GDP
17.2%
2023
29.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Tajikistan Ukraine
Economic freedom 52.5 54.1
Economic freedom ranking 147/197 135/197
Property rights 28.4 21.6
Government integrity 18.5 35
Judicial effectiveness 10.1 28.2
Tax burden 94.2 83.7
Government spending 77 0
Fiscal health 98.6 3.9
Business freedom 60.6 57.4
Labor freedom 43.4 46.9
Monetary freedom 72.6 65.7
Trade freedom 72.2 73
Investment freedom 25 35
Financial freedom 30 30

Economic freedom comparison by year

Tajikistan
Ukraine
1x
Year Economic freedom index
Tajikistan Ukraine
2026 52.5 -
2025 51.5 -
2024 51.3 -
2023 50.6 -
2022 49.7 54.1
2021 55.2 56.2
2020 52.2 54.9
2019 55.6 52.3
2018 58.3 51.9
2017 58.2 48.1
2016 51.3 46.8
2015 52.7 46.9
2014 52 49.3
2013 53.4 46.3
2012 53.4 46.1
2011 53.5 45.8
2010 53 46.4
2009 54.6 48.8
2008 54.4 51
2007 53.6 51.5
2006 52.6 54.4
2005 50.4 55.8
2004 48.7 53.7
2003 46.5 51.1
2002 47.3 48.2
2001 46.8 48.5
2000 44.8 47.8
1999 41.2 43.7
1998 41.1 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/tajikistan/ukraine | CC BY

The Economic Freedom Index for Tajikistan is 52.5, ranking 147/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Tajikistan Ukraine
Services, % of GDP
34.7%
2023
60.6%
2024
Industry, % of GDP
33.6%
2023
19%
2024
Agriculture, forestry, and fishing, % of GDP
22.9%
2023
7.11%
2024
GNI, Atlas method
$17.5B
2024
$184B
2024
GNI per capita, PPP
$7,100
2024
$18,560
2024
Total reserves including gold
$3.3B
2023
$43.8B
2024
Total reserves ranking
117/177
2023
46/177
2024
Net foreign direct investment
-$190M
2024
-$3.71B
2024
Net inflows of foreign direct investment
$291M
2024
$4.02B
2024
Net outflows of foreign direct investment
$101M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
3.07%
2024
5.42%
2024
Poverty at national poverty lines
19.8%
2024
23.2%
2020
Gross capital formation, % of GDP
31.7%
2023
18.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/tajikistan/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.