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Economy of Tajikistan vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Tajikistan has a GDP of $17.7B compared to $147B for Uzbekistan, ranking 140/197 and 61/197 by economy size, respectively.

Tajikistan has $3.82B in government debt (21.6% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Tajikistan vs Uzbekistan GDP by year

Tajikistan
Uzbekistan
1x
Year GDP, current $
Tajikistan Uzbekistan
2025 $17,660,626,562 $147,038,081,129
2024 $14,425,113,700 $121,356,065,241
2023 $12,244,169,293 $107,526,539,716
2022 $10,713,525,200 $94,286,355,836
2021 $8,937,805,347 $81,170,051,811
2020 $8,133,963,551 $70,127,127,133
2019 $8,300,813,599 $70,170,662,563
2018 $7,764,999,999 $61,318,332,403
2017 $7,536,402,853 $72,276,404,058
2016 $6,992,416,097 $97,871,364,319
2015 $8,271,431,485 $97,564,568,987
2014 $9,112,605,459 $91,303,765,114
2013 $8,448,411,318 $82,674,178,352
2012 $7,633,036,903 $75,318,846,931
2011 $6,522,756,255 $67,404,618,405
2010 $5,642,221,099 $55,544,226,553
2009 $4,979,472,364 $33,689,223,673
2008 $5,161,299,725 $29,549,438,884
2007 $3,719,524,541 $22,311,393,928
2006 $2,830,213,849 $17,330,833,853
2005 $2,312,352,021 $14,307,509,839
2004 $2,076,176,869 $12,030,023,548
2003 $1,555,318,261 $10,134,453,435
2002 $1,221,106,220 $9,687,788,513
2001 $1,080,772,551 $11,401,421,329
2000 $860,541,842 $13,760,513,969
1999 $1,086,612,290 $17,078,465,982
1998 $1,320,199,582 $14,988,971,211
1997 $921,518,033 $14,744,603,774
1996 $1,043,654,822 $13,948,892,216
1995 $1,231,561,860 $13,350,461,265
1994 $1,522,001,206 $12,899,074,922
1993 $1,646,623,195 $13,099,920,056
1992 $1,908,554,572 $12,953,801,760
1991 $2,536,585,366 $13,800,167,712
1990 $2,629,395,066 $13,362,340,338
1989 - $11,948,815,258
1988 - $10,722,799,639
1987 - $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

GDP per capita in Tajikistan vs Uzbekistan by year

Tajikistan
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Tajikistan Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,637 - $3,968 -
2024 $1,362 $5,406 $3,337 $11,879
2023 $1,178 $4,964 $3,016 $11,107
2022 $1,052 $4,514 $2,699 $10,293
2021 $897 $3,986 $2,370 $9,248
2020 $834 $3,654 $2,088 $8,452
2019 $871 $3,460 $2,129 $8,544
2018 $834 $3,069 $1,894 $8,129
2017 $829 $3,017 $2,271 $7,818
2016 $789 $2,914 $3,128 $6,919
2015 $957 $2,975 $3,173 $6,800
2014 $1,082 $3,152 $3,021 $6,610
2013 $1,028 $2,919 $2,781 $6,413
2012 $952 $2,679 $2,574 $6,168
2011 $834 $2,456 $2,339 $5,949
2010 $737 $2,291 $1,957 $5,505
2009 $665 $2,171 $1,206 $5,135
2008 $703 $2,120 $1,075 $4,800
2007 $517 $1,966 $824 $4,386
2006 $401 $1,810 $649 $3,956
2005 $334 $1,673 $543 $3,618
2004 $306 $1,550 $462 $3,321
2003 $233.6 $1,396 $394 $3,047
2002 $187 $1,257 $381 $2,902
2001 $168.7 $1,139 $454 $2,782
2000 $136.9 $1,036 $555 $2,644
1999 $175 $947 $698 $2,522
1998 $213.7 $905 $621 $2,418
1997 $150.1 $855 $621 $2,329
1996 $172 $836 $597 $2,214
1995 $207 $1,006 $583 $2,178
1994 $261.3 $1,148 $574 $2,197
1993 $287.6 $1,454 $596 $2,318
1992 $338 $1,721 $603 $2,371
1991 $458 $2,417 $658 $2,676
1990 $487 $2,583 $653 $2,665
1989 - - $598 -
1988 - - $551 -
1987 - - $450 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

Tajikistan's GDP per capita is $1,637, ranking 163/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Tajikistan ranks 157th at $5,406, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Tajikistan Uzbekistan
Gross domestic product
$17.7B
2025
$147B
2025
GDP rank
140/197
2025
61/197
2025
GDP growth
8.4%
2024-2025
7.7%
2024-2025
GDP per capita
$1,637
2025
$3,968
2025
GDP per capita rank
163/197
2025
134/197
2025
GDP per capita, PPP
$5,406
2024
$11,879
2024
GDP per capita PPP rank
157/197
2024
125/197
2024
Government debt
$3.82B
2025
$42B
2025
Debt-to-GDP ratio
21.6%
2025
28.6%
2025
Government debt per person
$354
2025
$1,134
2025
Government debt per person rank
174/185
2025
139/185
2025
Average annual personal income after taxes
$1,705
2026
$3,560
2026
Market capitalization of domestic companies n/a
$23.7B
2025
Income share by richest 10%
28.2%
2024
24.2%
2025
Income share by poorest 10%
2.9%
2024
2.4%
2025
Government expenditure, % of GDP
29.3%
2025
27.4%
2025
Consumer prices inflation
3.4%
2024-2025
8.8%
2024-2025
Central bank interest rate
7%
2026
14%
2025
Unemployment rate
0.08%
2016
5.29%
2020
Population
11080415
38082870

Spending and national debt comparison by year

Tajikistan
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Tajikistan Uzbekistan
Government spending Government debt Government spending Government debt
2025 29.3% 21.6% 27.4% 28.6%
2024 27.2% 24.9% 26.1% 30.9%
2023 28% 29.9% 28.6% 30.7%
2022 27.4% 31.8% 30% 29.2%
2021 27.6% 42% 26.1% 30.2%
2020 29.2% 50.9% 24.7% 31.9%
2019 28.8% 43.2% 23.4% 24.3%
2018 30.9% 46.3% 21.2% 16.7%
2017 33.8% 46.3% 19.9% 17.3%
2016 32.7% 42.2% 20.5% 7.21%
2015 31.9% 35% 21.7% 5.94%
2014 27.5% 27.9% 22% 5.39%
2013 27.7% 29.3% 22.3% 5.51%
2012 24.7% 32.5% 21.5% 6.06%
2011 24.3% 35.5% 21.1% 5.65%
2010 25.9% 36.8% 23.7% 5.92%
2009 23.6% 36.9% 24.7% 6.57%
2008 20.2% 30.2% 23.8% 7.5%
2007 20.3% 34.3% 22.4% 8.6%
2006 21.6% 36.8% 22.3% 12.2%
2005 22.9% 45.8% 25.3% 18.9%
2004 20.2% 49.4% 26.5% 24.2%
2003 19.1% 69.8% 28.4% 28.3%
2002 19.1% 98.3% 31.2% 37.5%
2001 17.3% 99.4% 27.6% 40.4%
2000 18.1% 111.4% 29.6% 26.5%
1999 17.5% 107.8% 30.3% 16.6%
1998 17.1% 96.6% 31.6% 16.2%
1997 - - 28.7% 13.8%
1996 - - 31.6% -
1995 - - 26.5% -
1994 - - 24.4% -
1993 - - 35.6% -
1992 - - 16.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Tajikistan's government spending was $5.17B, accounting for 29.3% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 21.6% in Tajikistan and 28.6% in Uzbekistan, ranking 171/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Tajikistan

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Tajikistan Uzbekistan
2025 -1.79% -1.66%
2024 0.32% -2.25%
2023 -0.92% -3.85%
2022 -0.23% -3.49%
2021 -0.64% -3.9%
2020 -4.34% -2.8%
2019 -2.04% -0.29%
2018 -2.69% 1.57%
2017 -5.65% 1.04%
2016 -2.91% 0.62%
2015 -1.96% -0.24%
2014 0.92% 1.68%
2013 -0.73% 1.9%
2012 0.41% 5.28%
2011 0.6% 4.56%
2010 -2.71% 2.29%
2009 -0.2% 1.64%
2008 1.94% 5.38%
2007 2.13% 3.2%
2006 2% 2.45%
2005 -2.83% -3.17%
2004 -2.32% -3.37%
2003 -1.74% -4.39%
2002 -2.4% -5.69%
2001 -2.11% -2.95%
2000 -4.51% -3.29%
1999 -4.03% -2.62%
1998 -5.09% -2.74%
1997 - -1.85%
1996 - -1.41%
1995 - -1.59%
1994 - -4.03%
1993 - -10.8%
1992 - 6.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Tajikistan's government deficit, the difference between spending and revenue, was $316M, equivalent to 1.79% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 28 years, Tajikistan recorded a fiscal deficit in 21 of those years, while Uzbekistan ran a deficit in 16 years. On average, Tajikistan posted an annual deficit equal to 1.55% of GDP, compared to deficit of 0.54% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Tajikistan

Uzbekistan
1x
Year Consumer prices inflation
Tajikistan Uzbekistan
2025 3.4% 8.8%
2024 3.5% 9.6%
2023 3.7% 10%
2022 6.6% 11.4%
2021 9% 10.8%
2020 8.6% 12.9%
2019 7.8% 14.5%
2018 3.8% 17.5%
2017 7.3% 13.9%
2016 5.9% 8.8%
2015 5.8% 8.5%
2014 6.1% 9.1%
2013 5% 11.7%
2012 5.8% 11.9%
2011 12.4% 12.4%
2010 6.5% 12.3%
2009 6.4% 12.3%
2008 20.4% 13.1%
2007 13.2% 11.2%
2006 10% 13.1%
2005 7.3% 10.7%
2004 7.2% 7.3%
2003 16.4% 12.5%
2002 12.2% 27.3%
2001 38.6% 27.3%
2000 32.9% 25%
1999 27.5% 29.1%
1998 43.2% 29%
1997 88% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Tajikistan has recorded an average annual inflation rate of 14.6%, compared with 16.3% in Uzbekistan. In 2025, inflation was 3.4% in Tajikistan and 8.8% in Uzbekistan.

Top exports between countries

Tajikistan
Export category Export value
Raw materials & minerals $58.5M
Chemicals & pharma $28.8M
Metals $27.5M
Textiles & consumer goods $7.41M
Weapons & explosives $5.28M
Processed food, beverages & tobacco $4.54M
Machinery & equipment $4.22M
Animal & marine products $2.89M
Raw agricultural goods $2.66M
Wood & paper products $789K
Uzbekistan
Export category Export value
Raw materials & minerals $110M
Textiles & consumer goods $80.7M
Metals $42.2M
Processed food, beverages & tobacco $40.7M
Chemicals & pharma $38.4M
Machinery & equipment $38M
Wood & paper products $16.8M
Animal & marine products $11.2M
Raw agricultural goods $3.52M
Miscellaneous $367K

Balance of trade

Tajikistan Uzbekistan
Current account balance
$3.02B
2025
-$5.78B
2025
Current account balance ranking
38/190
2025
167/190
2025
Current account balance, % of GDP
+17.1%
2025
-3.93%
2025
Goods imports
$7.45B
2025
$38.5B
2025
Goods exports
$1.95B
2025
$23B
2025
Service imports
$1.14B
2025
$13.6B
2025
Service exports
$168M
2025
$9.27B
2025
Imports of goods and services, % of GDP
47.9%
2024
35.4%
2025
Exports of goods and services, % of GDP
11.2%
2024
22%
2025

Economic freedom indices

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

Tajikistan Uzbekistan
Economic freedom 52.5 60.3
Economic freedom ranking 147/197 94/197
Property rights 28.4 43.1
Government integrity 18.5 32
Judicial effectiveness 10.1 13.7
Tax burden 94.2 95
Government spending 77 73.7
Fiscal health 98.6 79.9
Business freedom 60.6 62.5
Labor freedom 43.4 48.4
Monetary freedom 72.6 65.1
Trade freedom 72.2 80.6
Investment freedom 25 70
Financial freedom 30 60

Economic freedom comparison by year

Tajikistan
Uzbekistan
1x
Year Economic freedom index
Tajikistan Uzbekistan
2026 52.5 60.3
2025 51.5 58
2024 51.3 55.9
2023 50.6 56.5
2022 49.7 55.7
2021 55.2 58.3
2020 52.2 57.2
2019 55.6 53.3
2018 58.3 51.5
2017 58.2 52.3
2016 51.3 46
2015 52.7 47
2014 52 46.5
2013 53.4 46
2012 53.4 45.8
2011 53.5 45.8
2010 53 47.5
2009 54.6 50.5
2008 54.4 51.9
2007 53.6 51.5
2006 52.6 48.7
2005 50.4 45.8
2004 48.7 39.1
2003 46.5 38.3
2002 47.3 38.5
2001 46.8 38.2
2000 44.8 38.1
1999 41.2 33.8
1998 41.1 31.5

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Tajikistan is 52.5, ranking 147/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Tajikistan Uzbekistan
Services, % of GDP
36.5%
2024
46.5%
2025
Industry, % of GDP
32.4%
2024
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
23.1%
2024
16.6%
2025
GNI, Atlas method
$22.4B
2025
$136B
2025
GNI per capita, PPP
$8,240
2025
$13,640
2025
Total reserves including gold
$4.31B
2025
$41.2B
2024
Total reserves ranking
109/177
2025
53/177
2024
Net foreign direct investment
$8.2M
2025
-$4.24B
2025
Net inflows of foreign direct investment
$291M
2024
$2.97B
2024
Net outflows of foreign direct investment
$101M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
3.04%
2024
9.37%
2024
Poverty at national poverty lines
19.8%
2024
5.8%
2025
Gross capital formation, % of GDP
32.4%
2024
33.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.