Tajikistan External Debt to GNI
External debt stocks as % of GNI DT.DOD.DECT.GN.ZS
Tajikistan's external debt to gni was 25.75% in 2025, ranked 94th globally. This represents a 31.1% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Tajikistan's external debt to gni stood at 25.75% in 2025, a decline of +11.65pp from 2024. Based on recent trends, this figure is projected to reach 25.75% by 2025. Tajikistan ranked 94th globally.
Tajikistan’s external debt-to‑gross national income ratio has risen sharply from a trough of 0.51% in 1992 to an all‑time peak of 138.36% in 2000, before retreating to 25.75% in 2025, placing the country 94th in the world. The dramatic escalation at the turn of the millennium reflected a combination of post‑Soviet restructuring, heavy borrowing for infrastructure, and limited export diversification, while the subsequent decline coincided with fiscal consolidation and modest growth in remittances. Compared with peers of similar rank, Indonesia records a slightly higher ratio of 26.10% and Mali 24.86%, indicating that Tajikistan’s current indebtedness remains within a comparable regional band despite its smaller economy. Over the 34‑year coverage period, the ratio’s volatility underscores the sensitivity of external financing to external shocks and domestic policy shifts. Continued improvement in fiscal balances, diversification of export markets, and prudent debt management could reinforce the downward trajectory and reduce the share of external debt in the coming decade.
Data & projection
| Year | External Debt to GNI | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 8.01% | - | - |
| 2026* trend | 16.88% | - | - |
| 2025* trend | 25.75% | - | - |
| 2025 | 25.75% | −11.65pp | #94 |
| 2024 | 37.39% | −5.74pp | #40 |
| 2023 | 43.14% | −4.17pp | #54 |
| 2022 | 47.31% | −13.94pp | #61 |
| 2021 | 61.26% | −11.43pp | #76 |
| 2020 | 72.68% | +3.82pp | #87 |
| 2019 | 68.87% | +1.17pp | #91 |
| 2018 | 67.70% | −0.22pp | #89 |
| 2017 | 67.92% | +3.81pp | #83 |
| 2016 | 64.10% | +11.60pp | #83 |
| 2015 | 52.50% | +7.14pp | #80 |
| 2014 | 45.36% | +1.60pp | #76 |
| 2013 | 43.75% | −3.65pp | #76 |
| 2012 | 47.40% | +0.25pp | #76 |
| 2011 | 47.16% | −3.94pp | #75 |
Detected Pattern
Analysis
Tajikistan matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw external debt to gni improve within 24 months. View full analysis →
Frequently Asked Questions
Tajikistan's external debt to gni was 25.75% in 2025. Ranked 94th globally. This represents a 31.1% decrease from the previous year.
Tajikistan's external debt to gni peaked at 138.36% in 2000.
The lowest external debt to gni in Tajikistan was 0.51% in 1992.
Tajikistan ranks 94th globally in external debt to gni as of 2025.
The World Bank indicator code is DT.DOD.DECT.GN.ZS. Data sourced from World Bank.
Tajikistan's external debt to gni is projected to reach 25.75% by 2025 based on trend extrapolation.
The external debt to gni of Tajikistan in 2025 was 25.75%. This ranks 94th in the world.
Cite this page
@misc{historysaid_tajikistan_external-debt-to-gni,
title = {Tajikistan External Debt to GNI},
url = {https://historysaid.com/tajikistan/external-debt-to-gni/},
publisher = {HistorySaid},
year = {2026}
}