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Economy of Tajikistan vs Venezuela compared: GDP & Debt

Updated on by Georank team

Tajikistan has a GDP of $14.2B compared to $120B for Venezuela, ranking 145/197 and 65/197 by economy size, respectively.

Tajikistan has $4.2B in government debt (28.2% of GDP), compared to $197B (216.7% of GDP) in Venezuela.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Tajikistan
GDP, current $

GDP, constant 2015 $
Venezuela
GDP, current $

GDP, constant 2015 $
Year GDP
Tajikistan Venezuela
Current $ Constant $ Current $ Constant $
1960 - - $7,663,938,303 $33,195,620,728
1961 - - $8,067,267,031 $34,255,397,373
1962 - - $8,814,309,884 $37,178,387,741
1963 - - $9,608,717,288 $38,628,698,490
1964 - - $8,192,413,793 $42,927,819,727
1965 - - $8,427,777,778 $44,714,847,624
1966 - - $8,781,333,333 $45,390,153,660
1967 - - $9,250,000,000 $46,676,451,168
1968 - - $10,034,444,444 $50,101,210,987
1969 - - $10,285,111,111 $50,454,943,972
1970 - - $11,561,111,111 $54,345,986,052
1971 - - $12,986,590,909 $55,149,921,447
1972 - - $13,977,727,273 $55,857,387,416
1973 - - $17,035,581,395 $59,828,824,143
1974 - - $26,100,930,233 $61,066,881,865
1975 - - $27,464,651,163 $62,835,536,182
1976 - - $31,419,534,884 $67,691,302,950
1977 - - $36,210,697,674 $71,936,078,015
1978 - - $39,316,279,070 $73,624,343,220
1979 - - $48,310,930,233 $74,187,094,675
1980 - - $59,116,511,628 $70,907,044,067
1981 - - $66,327,441,860 $69,993,533,420
1982 - - $67,736,744,186 $71,844,719,792
1983 - - $67,556,279,070 $64,764,041,716
1984 - - $59,867,743,468 $68,146,604,686
1985 - $6,548,213,772 $61,965,466,667 $68,737,739,371
1986 - $6,777,401,246 $60,516,123,711 $72,916,862,078
1987 - $6,696,072,428 $48,029,034,483 $76,417,654,524
1988 - $7,626,826,568 $60,226,413,793 $81,392,715,710
1989 - $7,131,082,791 $43,536,709,104 $70,063,088,335
1990 $2,629,395,066 $7,088,296,320 $48,606,952,195 $74,594,665,387
1991 $2,536,585,366 $6,585,027,346 $53,453,444,787 $81,852,658,918
1992 $1,908,554,572 $4,675,369,346 $60,416,519,620 $86,813,216,021
1993 $1,646,623,195 $3,908,608,781 $60,037,460,783 $87,052,308,655
1994 $1,522,001,206 $3,076,075,188 $58,418,666,667 $85,007,160,806
1995 $1,231,561,860 $2,694,139,780 $77,389,487,770 $88,366,311,675
1996 $1,043,654,822 $2,244,218,479 $70,543,211,119 $88,191,409,486
1997 $921,518,033 $2,281,936,479 $85,837,678,560 $93,810,088,635
1998 $1,320,199,582 $2,403,172,744 $91,336,763,255 $94,085,942,042
1999 $1,086,612,290 $2,492,079,339 $97,972,842,462 $88,468,580,251
2000 $860,541,842 $2,699,528,109 $117,146,466,003 $91,730,367,410
2001 $1,080,772,551 $2,958,165,475 $122,911,036,747 $94,843,912,662
2002 $1,221,106,220 $3,277,647,458 $92,893,587,734 $86,444,870,221
2003 $1,555,318,261 $3,638,188,648 $83,620,628,582 $79,740,811,158
2004 $2,076,176,869 $4,012,922,040 $112,451,400,425 $94,322,699,665
2005 $2,312,352,021 $4,281,787,757 $145,513,489,652 $104,054,834,514
2006 $2,830,213,849 $4,581,513,037 $183,477,522,124 $114,327,282,932
2007 $3,719,524,541 $4,938,871,060 $230,364,012,576 $124,335,011,743
2008 $5,161,299,725 $5,329,041,788 $315,953,388,511 $130,897,232,287
2009 $4,979,472,364 $5,536,874,479 $329,787,628,928 $126,705,506,739
2010 $5,642,221,099 $5,896,771,270 $393,192,354,511 $124,819,126,241
2011 $6,522,756,255 $6,333,132,379 $316,482,190,800 $130,032,103,882
2012 $7,633,036,903 $6,808,117,273 $372,592,062,768 $137,347,654,100
2013 $8,448,411,318 $7,311,917,934 $258,930,655,486 $139,192,362,251
2014 $9,112,605,459 $7,801,816,486 $214,689,614,733 $133,771,673,722
2015 $8,271,431,485 $8,271,431,485 $125,449,241,571 $125,449,241,571
2016 $6,992,416,097 $8,842,160,258 $112,915,034,262 $104,072,271,055
2017 $7,536,402,853 $9,469,953,673 $115,883,275,163 $87,762,679,936
2018 $7,764,999,999 $10,189,670,047 $102,021,093,965 $70,512,625,399
2019 $8,300,813,599 $10,943,705,647 $73,014,084,091 $51,010,266,125
2020 $8,133,963,551 $11,425,228,817 $42,838,020,721 $35,707,915,777
2021 $8,937,805,347 $12,499,200,275 $56,614,976,855 $36,049,081,141
2022 $10,713,525,200 $13,499,136,339 $89,013,255,585 $38,933,336,799
2023 $12,244,169,293 $14,619,564,550 $102,376,526,556 $40,491,326,652
2024 $14,204,575,549 $15,847,607,944 $119,802,963,258 $42,637,366,965

Economic indicators

Tajikistan Venezuela
Gross domestic product
$14.2B
2024
$120B
2024
GDP rank
145/197
2024
65/197
2024
GDP growth
16%
2023-2024
17%
2023-2024
GDP per capita
$1,341
2024
$4,218
2024
GDP per capita rank
166/197
2024
128/197
2024
GDP per capita, PPP
$5,406
2024
$21,241
2011
Government debt
$4.2B
2024
$197B
2024
Debt-to-GDP ratio
28.2%
2026
216.7%
2026
Government debt per person
$396
2024
$6,928
2024
Government debt per person rank
170/185
2024
69/185
2024
Average annual personal income after taxes
$2,250
2026
$4,514
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2025
Income share by richest 10%
28.2%
2024
33.2%
2006
Income share by poorest 10%
2.9%
2024
1.2%
2006
Government expenditure, % of GDP
30.4%
2026
14.8%
2026
Consumer prices inflation
4.5%
2025-2026
682%
2025-2026
Central bank interest rate
7.75%
2025
n/a
Unemployment rate
0.08%
2016
7.53%
2020
Population
10980672
28635082

GDP per capita in Tajikistan vs Venezuela

Tajikistan's GDP per capita is $1,341, ranking 166/197, compared to $4,218 in Venezuela, ranking 128/197. Adjusted for purchasing power (GDP per capita PPP), Tajikistan ranks 157th at $5,406, while Venezuela ranks 93rd at $21,241.

Tajikistan
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
Year Current $
Tajikistan Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $939 -
1961 - - $954 -
1962 - - $1,007 -
1963 - - $1,060 -
1964 - - $874 -
1965 - - $869 -
1966 - - $876 -
1967 - - $893 -
1968 - - $938 -
1969 - - $932 -
1970 - - $1,015 -
1971 - - $1,106 -
1972 - - $1,155 -
1973 - - $1,367 -
1974 - - $2,034 -
1975 - - $2,078 -
1976 - - $2,309 -
1977 - - $2,585 -
1978 - - $2,727 -
1979 - - $3,257 -
1980 - - $3,874 -
1981 - - $4,228 -
1982 - - $4,202 -
1983 - - $4,079 -
1984 - - $3,520 -
1985 - - $3,549 -
1986 - - $3,376 -
1987 - - $2,611 -
1988 - - $3,191 -
1989 - - $2,250 -
1990 $487 $2,583 $2,452 $11,628
1991 $458 $2,417 $2,633 $12,880
1992 $338 $1,721 $2,907 $13,652
1993 $287.6 $1,454 $2,825 $13,702
1994 $261.3 $1,148 $2,689 $13,370
1995 $207 $1,006 $3,487 $13,890
1996 $172 $836 $3,113 $13,824
1997 $150.1 $855 $3,711 $14,655
1998 $213.7 $905 $3,870 $14,568
1999 $175 $947 $4,071 $13,623
2000 $136.9 $1,036 $4,776 $14,174
2001 $168.7 $1,139 $4,920 $14,714
2002 $187 $1,257 $3,652 $13,375
2003 $233.6 $1,396 $3,230 $12,359
2004 $306 $1,550 $4,269 $14,757
2005 $334 $1,673 $5,432 $16,511
2006 $401 $1,810 $6,739 $18,399
2007 $517 $1,966 $8,332 $20,236
2008 $703 $2,120 $11,262 $21,402
2009 $665 $2,171 $11,597 $20,562
2010 $737 $2,291 $13,646 $20,236
2011 $834 $2,456 $10,844 $21,241
2012 $952 $2,679 $12,607 -
2013 $1,028 $2,919 $8,656 -
2014 $1,082 $3,152 $7,096 -
2015 $957 $2,975 $4,103 -
2016 $789 $2,914 $3,670 -
2017 $829 $3,017 $3,791 -
2018 $834 $3,069 $3,423 -
2019 $871 $3,460 $2,523 -
2020 $834 $3,654 $1,506 -
2021 $897 $3,986 $2,005 -
2022 $1,052 $4,514 $3,155 -
2023 $1,178 $4,964 $3,617 -
2024 $1,341 $5,406 $4,218 -

Spending and national debt comparison

In 2024, Tajikistan's government spending was $4.27B, accounting for 30.4% of its GDP, while Venezuela's spent $21.1B, or 14.8% of GDP.

Debt-to-GDP ratio is 28.2% in Tajikistan and 216.7% in Venezuela, ranking 162/185 and 3/185, respectively.

Tajikistan
Government spending

Government debt
Venezuela
Government spending

Government debt
Year % of GDP
Tajikistan Venezuela
Government spending Government debt Government spending Government debt
1960 - - 23.7% 8.28%
1961 - - 11.8% 8.79%
1962 - - 17.6% 7.24%
1963 - - 18.7% 6.3%
1964 - - 17.9% 4.95%
1965 - - 18.7% 5.46%
1966 - - 19.1% 5.84%
1967 - - 19.8% 6.74%
1968 - - 19.8% 7.84%
1969 - - 21% 9.91%
1970 - - 19.5% 10.6%
1971 - - 19.6% 9.64%
1972 - - 21.3% 10.6%
1973 - - 20% 9.78%
1974 - - 35.3% 7.72%
1975 - - 33.8% 8.31%
1976 - - 26.6% 9.64%
1977 - - 30.6% 12.7%
1978 - - 29.2% 16.6%
1979 - - 22.3% 19.2%
1980 - - 22% 16.6%
1981 - - 29.6% 18.9%
1982 - - 29% 18.6%
1983 - - 25.3% 21.4%
1984 - - 19.7% 36.4%
1985 - - 20.3% 34.1%
1986 - - 21.5% 45.9%
1987 - - 25.1% 58.3%
1988 - - 33.2% 46.3%
1989 - - 32.5% 61.8%
1990 - - 31.9% 63.3%
1991 - - 33.9% 62.2%
1992 - - 30.6% 54.8%
1993 - - 27.7% 57.7%
1994 - - 42.2% 63.9%
1995 - - 32.9% 45.9%
1996 - - 27.7% 45.9%
1997 - - 31% 34.8%
1998 17.1% 96.6% 28.8% 30.7%
1999 17.5% 107.8% 26.1% 29.6%
2000 18.1% 111.4% 28.3% 27.7%
2001 17.3% 99.4% 31.9% 30.7%
2002 19.1% 98.3% 31% 48.2%
2003 19.1% 69.8% 32.2% 56%
2004 20.2% 49.4% 31.9% 41.8%
2005 22.9% 45.8% 33.5% 34.9%
2006 21.6% 36.8% 39.3% 25.7%
2007 20.3% 34.3% 35.9% 26.4%
2008 20.2% 30.2% 34.9% 20.3%
2009 23.6% 36.9% 33.3% 27.6%
2010 25.9% 36.8% 31.1% 37.7%
2011 24.3% 35.5% 39.4% 52.5%
2012 24.7% 32.5% 38% 58.4%
2013 27.7% 29.3% 36.5% 85.4%
2014 27.5% 27.9% 31.6% 84.9%
2015 31.9% 35% 22.9% 129.8%
2016 32.7% 42.2% 19.7% 138.4%
2017 33.8% 46.3% 21.8% 133.6%
2018 30.9% 46.6% 37.9% 175.3%
2019 28.8% 43.5% 21% 206%
2020 29.2% 51.8% 11.2% 337%
2021 27.6% 42.1% 13.1% 254.2%
2022 28% 32.5% 15.1% 164.4%
2023 31% 30.9% 13.2% 138.5%
2024 30% 29.5% 17.6% 164.3%
2025 30.3% 28.4% 15.7% 192.4%
2026 30.4% 28.2% 14.8% 216.7%

Government deficit by year

In 2024, Tajikistan's government deficit, the difference between spending and revenue, was -$355M, equivalent to -2.5% of GDP. This compares to Venezuela's deficit of -$4.28B, or -3.58% of GDP.

Over the past 27 years, Tajikistan recorded a fiscal deficit in 21 of those years, while Venezuela ran a deficit in 22 years. On average, Tajikistan posted an annual deficit equal to -1.66% of GDP, compared to deficit of -5.65% of GDP for Venezuela.

Deficit/surplus
Tajikistan

Venezuela
Year Deficit/surplus, % of GDP
Tajikistan Venezuela
1920 - -1.75%
1921 - -0.97%
1922 - 1.57%
1923 - 1.32%
1924 - 0.37%
1925 - 0.54%
1926 - 0.14%
1927 - 1.55%
1928 - -0.68%
1929 - -0.34%
1930 - -2.03%
1931 - 1.02%
1932 - 0.51%
1933 - 1.03%
1934 - 1.34%
1935 - -2.23%
1936 - -0.52%
1937 - 0.73%
1938 - 0.68%
1939 - -0.78%
1940 - -1.07%
1941 - 0.01%
1942 - 0.2%
1943 - -0.27%
1944 - 1.85%
1945 - 2.9%
1946 - -0.9%
1947 - 0.09%
1948 - 1.27%
1949 - 0.15%
1950 - -0.23%
1951 - -0.24%
1952 - -0.5%
1953 - 0.03%
1954 - 1.84%
1955 - 0.38%
1956 - 0.76%
1957 - 6.7%
1958 - -4.86%
1959 - -4.98%
1960 - -4.08%
1961 - -1.91%
1962 - 2.14%
1963 - 1.92%
1964 - 1.91%
1965 - 0.39%
1966 - 0.23%
1967 - 0.51%
1968 - -0.32%
1969 - -2.17%
1970 - -1.22%
1971 - 0.78%
1972 - 0.42%
1973 - 1.98%
1974 - 2.76%
1975 - 0.88%
1976 - 1.65%
1977 - -4.69%
1978 - -5.44%
1979 - -3.07%
1980 - 4.41%
1981 - 4.74%
1982 - -0.17%
1983 - 1.24%
1984 - 5.33%
1985 - 6.97%
1986 - 0.82%
1987 - -7.47%
1988 - -9.24%
1989 - -0.91%
1990 - 3.84%
1991 - -2.28%
1992 - -6.37%
1993 - -2.92%
1994 - -11.2%
1995 - -5.86%
1996 - 7.94%
1997 - 2.58%
1998 -5.09% -4.49%
1999 -4.03% 0.74%
2000 -4.51% 4.45%
2001 -2.11% -4.59%
2002 -2.4% -1.48%
2003 -1.74% 0.17%
2004 -2.32% 2.47%
2005 -2.83% 4.09%
2006 2% -1.6%
2007 2.13% -2.82%
2008 1.94% -3.46%
2009 -0.2% -8.69%
2010 -2.71% -4.74%
2011 0.6% -8.24%
2012 0.41% -9.86%
2013 -0.73% -10.4%
2014 0.92% -9.81%
2015 -1.96% -8.06%
2016 -2.91% -8.46%
2017 -5.65% -13.3%
2018 -2.69% -31%
2019 -2.04% -10.9%
2020 -4.34% -6.63%
2021 -0.67% -5.85%
2022 -0.23% -5.29%
2023 -1.27% -1.21%
2024 -2.5% -3.58%
2025 -2.5% -5.51%
2026 -2.5% -5.5%

Inflation comparison by year

Over the past 30 years, Tajikistan has recorded an average annual inflation rate of 14.3%, compared with 3,069% in Venezuela. In 2026, inflation was 4.5% in Tajikistan and 682% in Venezuela.

Inflation
Tajikistan

Venezuela
Year Inflation
Tajikistan Venezuela
1997 88% 50%
1998 43.2% 35.8%
1999 27.5% 23.6%
2000 32.9% 16.2%
2001 38.6% 12.5%
2002 12.2% 22.4%
2003 16.4% 31.1%
2004 7.2% 21.7%
2005 7.3% 16%
2006 10% 13.7%
2007 13.2% 18.7%
2008 20.4% 31.4%
2009 6.4% 26%
2010 6.5% 28.2%
2011 12.4% 26.1%
2012 5.8% 21.1%
2013 5% 40.6%
2014 6.1% 62.2%
2015 5.8% 121.7%
2016 5.9% 254.9%
2017 7.3% 438%
2018 3.8% 65,374%
2019 7.8% 19,906%
2020 8.6% 2,355%
2021 9% 1,589%
2022 6.6% 186.5%
2023 3.7% 338%
2024 3.5% 49%
2025 3.8% 269.9%
2026 4.5% 682%

Balance of trade

Tajikistan Venezuela
Current account balance
$887M
2024
-$3.87B
2016
Current account balance ranking
54/190
2024
161/190
2016
Current account balance, % of GDP
+6.24%
2024
-3.43%
2016
Goods imports
$5.94B
2024
$16.3B
2016
Goods exports
$1.42B
2024
$27.4B
2016
Service imports
$971M
2024
$9.47B
2016
Service exports
$195M
2024
$1.28B
2016
Imports of goods and services, % of GDP
48.4%
2023
9.22%
2024
Exports of goods and services, % of GDP
17.2%
2023
16.9%
2024

Economic freedom indices

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

Tajikistan Venezuela
Economic freedom 51.5 27.6
Economic freedom ranking 152/197 194/197
Property rights 28.8 0.7
Government integrity 15.7 6.7
Judicial effectiveness 11.2 4.1
Tax burden 92.3 75.9
Government spending 75 93.8
Fiscal health 97.3 29.1
Business freedom 56.2 32.5
Labor freedom 43.6 35.9
Monetary freedom 71 0
Trade freedom 72.2 42.2
Investment freedom 25 0
Financial freedom 30 10

Economic freedom by year comparison

The Economic Freedom Index for Tajikistan is 51.5, ranking 152/197, compared to 27.6 for Venezuela, ranking 194/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Tajikistan
Venezuela
Year Economic freedom index
Tajikistan Venezuela
1995 - 59.8
1996 - 54.5
1997 - 52.8
1998 41.1 54
1999 41.2 56.1
2000 44.8 57.4
2001 46.8 54.6
2002 47.3 54.7
2003 46.5 54.8
2004 48.7 46.7
2005 50.4 45.2
2006 52.6 44.6
2007 53.6 47.9
2008 54.4 44.7
2009 54.6 39.9
2010 53 37.1
2011 53.5 37.6
2012 53.4 38.1
2013 53.4 36.1
2014 52 36.3
2015 52.7 34.3
2016 51.3 33.7
2017 58.2 27
2018 58.3 25.2
2019 55.6 25.9
2020 52.2 25.2
2021 55.2 24.7
2022 49.7 24.8
2023 50.6 25.8
2024 51.3 28.1
2025 51.5 27.6

More economic indicators

Tajikistan Venezuela
Services, % of GDP
34.7%
2023
51.7%
2014
Industry, % of GDP
33.6%
2023
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
22.9%
2023
5.03%
2014
GNI, Atlas method
$17.5B
2024
$109B
2024
GNI per capita, PPP
$7,100
2024
$20,800
2011
Total reserves including gold
$3.3B
2023
$9.79B
2017
Total reserves ranking
117/177
2023
77/177
2017
Net foreign direct investment
-$190M
2024
-$27M
2016
Net inflows of foreign direct investment
$291M
2024
$1.63B
2024
Net outflows of foreign direct investment
$101M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
3.07%
2024
n/a
Poverty at national poverty lines
19.8%
2024
33.1%
2015
Gross capital formation, % of GDP
31.7%
2023
4.9%
2024

GDP per capita map

GDP per capita

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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.