Economy

As a democratic nation, the Kyrgyz Republic promotes a convergent system of economy based upon the key principles of:

Priority Sectors of Economy

Agriculture

Manufacturing

Energy

Tourism

Information Technology

Mining

Free Entrepreneurship

Free Pricing System

Free Competition

At a Glance

The Kyrgyz Republic is endowed with significant natural resources, including arable and pasture lands, substantial forest and mineral reserves, and hydropower resources. Industrial production, garment manufacturing, agriculture, hydropower, and tourism are among the leading sectors in terms of development potential.

Excluding the economic output of the Kumtor gold mine which historically makes up roughly 10% of GDP, according to the National Statistical Committee, in 2018 the Kyrgyz Republic’s GDP grew by 3.5% and amounted 557 billion soms ($7.98 million USD), with net positive growth across all sectors of the economy.

Construction

+ 7,8%

Agriculture

+ 2.7%

Services

+ 2.1%

Industry

+ 2.1%

Key Macroeconomic Indicators

GDP Growth

Inflation (average)

Government balance / GDP

Current account balance / GDP

Net FDI / GDP

External debt /GDP

Gross reserves /GDP

Credit to private sector /GDP

2013

10.5

6.6

-3.7

-13.3

-8.5

71.9

30.5

15.4

2014

4.0

7.5

1.0

-16.9

-3.1

75.6

26.2

19.6

2015

3.9

6.5

-1.2

-16.0

-15.1

85.2

26.6

21.8

2016

3.8

0.4

-4.5

-9.7

-6.6

84.4

30.5

20.4

2017

4.4

3.1

-3.0

-11.6

-6.7

73.1

n.a.

n.a.

Source: EBRD, Transition report, 2018

GDP Economic Structure 2010-2018 %

Net taxes on goods and imports

Agriculture

Construction

Services

Industry

Source: Ministry of Economy of the Kyrgyz Republic

http://mineconom.gov.kg/ru/direct/3/265

Basic Macroeconomic Indicators

GDP

$8.0 Billion

GDP Growth Rate

3.5%

GDP Per Capita

$1 320

Services

Agriculture

Other

Industry

Construction

Customs Free Access to Markets With Population Over 1 Billion People

EAEU

>500 Million People

28 Countries

6 200 Items

0% Customs Duty

GSP+

>180 Million People

5 Countries

0% Customs Duty

GSP

>320 Million People

3 500 Items

0% Customs Duty

Trade Indicators

Trade turnover 2018
$6.6 billion

Export

Great Britain
38%
Russia
18%
Kazakhstan
14%
Uzbekistan
9%
Turkey
6%
China
3%
Lithuania
3%
Belgium
1%

Import

China
40%
Russia
25%
Kazakhstan
10%
Turkey
6%
Uzbekistan
4%
USA
3%
Germany
2%
Japan
1%