National Debt (% of GDP): Tajikistan

Analysis# Tajikistan National Debt (% of GDP) Tajikistan's national debt stood at 22.9% of GDP in 2026, near its all-time low of 22% recorded in 2025. This represents a dramatic 76.3% reduction since 1998, when the country faced severe fiscal challenges following its civil war. The nation's debt peaked at 111.4% of GDP in 2000, reflecting the economic strain of the post-conflict period and limited fiscal capacity. The most significant deleveraging occurred between 2000 and 2017, when debt fell from 111.4% to 46.3%. A sharper downward acceleration began in 2020, dropping from 50.9% to 22% by 2025. Current projections suggest stabilization around 22-23% through 2026, indicating Tajikistan has successfully consolidated its debt position to sustainable levels well below the emerging market average.