Economy of Kyrgyzstan

Economy of Kyrgyzstan
Bishkek City
CurrencyKyrgyz som (KGS)
Calendar year
Trade organisations
WTO, CIS, EAEU, ECO, SCO, CISFTA
Country group
Statistics
PopulationIncrease 7,148,795 (2020)[3]
GDP
  • $15.77 billion (nominal, 2024)[4]
  • $55.2 billion (PPP, 2024)[4]
GDP rank
GDP growth
  • 6.3% (2022)
  • 6.2% (2023)
  • 8.4% (2024)
  • 4.2% (2025)[4]
GDP per capita
  • $2,212 (nominal, 2024)[4]
  • $7,744 (PPP, 2024)[4]
GDP per capita rank
GDP by sector
6.7% (2024)[4]
Population below poverty line
  • Negative increase 33.3% below poverty line (2021)[6]
  • Positive decrease 13% on less than $3.65/day (2021)[7]
Positive decrease 28.8 low (2021)[8]
Decrease 26 out of 100 points (2023, 141st rank)
Labour force
  • Increase 2,635,977 (2020)[10]
  • Increase 56.1% employment rate (2018)[11]
Labour force by occupation
  • Agriculture: 48%
  • Industry: 12.5%
  • Services: 39.5%
  • (2005 est.)[5]
Unemployment
  • Positive decrease 6.2% (2018)[12]
  • Positive decrease 14.2% youth unemployment (2018)[13]
Main industries
small machinery, textiles, food processing, cement, shoes, lumber, refrigerators, furniture, electric motors, gold, rare earth metals
External
ExportsIncrease $1.84 billion (2022 est.)
Export goods
Main export partners
ImportsIncrease $7.797 billion (2022 est.)[5]
Import goods
Main import partners
FDI stock
  • Increase $6.003 billion (31 December 2017 est.)[5]
  • Increase Abroad: $709.3 million (31 December 2017 est.)[5]
−$306 million (2017 est.)[5]
Positive decrease $5.164 billion (31 September 2022 est.)[5]
Public finances
Negative increase 41% of GDP (2022 est.)[5]
−3.2% (of GDP) (2017 est.)[5]
Revenues2.169 billion (2017 est.)[5]
Expenses2.409 billion (2017 est.)[5]
Economic aid$49 million from the US (2001)
$2.177 billion (31 December 2017 est.)[5]
All values, unless otherwise stated, are in US dollars.

The economy of Kyrgyzstan is heavily dependent on the agricultural sector. Cotton, tobacco, wool, and meat are the main agricultural products, although only tobacco and cotton are exported in any quantity. According to Healy Consultants, Kyrgyzstan's economy relies heavily on the strength of industrial exports, with plentiful reserves of gold, mercury and uranium.[17] The economy also relies heavily on remittances from foreign workers. Following independence, Kyrgyzstan was progressive in carrying out market reforms, such as an improved regulatory system and land reform. In 1998, Kyrgyzstan was the first Commonwealth of Independent States (CIS) country to be accepted into the World Trade Organization. Much of the government's stock in enterprises has been sold. Kyrgyzstan's economic performance has been hindered by widespread corruption, low foreign investment and general regional instability. Despite those issues, Kyrgyzstan is ranked 70th (as of 2019) on the ease of doing business index.

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Archived from the original on 22 December 2019. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Archived from the original on 28 October 2019. Retrieved 29 September 2019.
  3. ^ "Population, total". data.worldbank.org. World Bank. Archived from the original on 31 July 2020. Retrieved 26 September 2020.
  4. ^ a b c d e f "World Economic Outlook database: April 2024". IMF.org. International Monetary Fund.
  5. ^ a b c d e f g h i j k l "The World Factbook". CIA.gov. Central Intelligence Agency. Archived from the original on 22 June 2021. Retrieved 24 March 2019.
  6. ^ "Poverty headcount ratio at national poverty lines (% of population) - Kyrgyz Republic". data.worldbank.org. World Bank. Archived from the original on 7 December 2022. Retrieved 20 March 2024.
  7. ^ "Poverty headcount ratio at $3.65 a day (2017 PPP) (% of population) - Kyrgyz Republic". data.worldbank.org. World Bank.
  8. ^ "GINI index (World Bank estimate)". data.worldbank.org. World Bank. Archived from the original on 24 March 2019. Retrieved 20 March 2020.
  9. ^ a b "Kyrgyzstan". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Archived from the original on 12 August 2022. Retrieved 11 December 2019.
  10. ^ "Labor force, total - Kyrgyz Republic". data.worldbank.org. World Bank & ILO. Archived from the original on 7 December 2022. Retrieved 26 September 2020.
  11. ^ "Employment to population ratio, 15+, total (%) (national estimate)". data.worldbank.org. World Bank & ILO. Archived from the original on 7 December 2022. Retrieved 26 September 2020.
  12. ^ "Unemployment rate". National Statistics Committee of the Kyrgyz Republic. National Statistical Committee of Kyrgyz Republic. Archived from the original on 7 December 2022. Retrieved 8 December 2019.
  13. ^ "Unemployment, youth total (% of total labor force ages 15-24) (national estimate) - Kyrgyz Republic". data.worldbank.org. World Bank. Archived from the original on 7 December 2022. Retrieved 3 February 2020.
  14. ^ a b "Kyrgyzistan - WTO Statistics Database". World Trade Organization. Retrieved 24 March 2019.[permanent dead link‍]
  15. ^ "Export partners of Kyrgyzstan". The Observatory of Economic Complexity. Archived from the original on 7 April 2023. Retrieved 7 April 2023.
  16. ^ "Import partners of Kyrgyzstan". The Observatory of Economic Complexity. Archived from the original on 7 April 2023. Retrieved 7 April 2023.
  17. ^ "Kyrgyzstan Company Registration". Healy Consultants. Archived from the original on 9 September 2013. Retrieved 9 September 2013.