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Kyrgyzstan Economy 2011
https://theodora.com/wfb2011/kyrgyzstan/kyrgyzstan_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Kyrgyzstan Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2011

Economy - overview:
Kyrgyzstan is a poor, mountainous country with a dominant agricultural sector. Cotton, tobacco, wool, and meat are the main agricultural products, although only tobacco and cotton are exported in any quantity. Industrial exports include gold, mercury, uranium, natural gas, and electricity. The economy depends heavily on gold exports - mainly from output at the Kumtor gold mine. Following independence, Kyrgyzstan was progressive in carrying out market reforms, such as an improved regulatory system and land reform. 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. Drops in production had been severe after the breakup of the Soviet Union in December 1991, but by mid-1995, production began to recover and exports began to increase. In 2005, the BAKIEV government and international financial institutions initiated a comprehensive medium-term poverty reduction and economic growth strategy. Bishkek agreed to pursue much needed tax reform and, in 2006, became eligible for the heavily indebted poor countries (HIPC) initiative. The government made steady strides in controlling its substantial fiscal deficit, nearly closing the gap between revenues and expenditures in 2006, before boosting expenditures more than 20% in 2007-08. GDP grew about 8% annually in 2007-08, partly due to higher gold prices internationally, but slowed to 2.3% in 2009. The overthrow of President BAKIEV in April, 2010 and subsequent ethnic clashes left hundreds dead and damaged infrastructure. Shrinking trade and agricultural production, as well as political instability, caused GDP to contract about 3.5% in 2010. The fiscal deficit widened to 12% of GDP, reflecting significant increases in crisis-related spending, including both rehabilitation of damaged infrastructure and bank recapitalization. Progress in reconstruction, fighting corruption, restructuring domestic industry, and attracting foreign aid and investment are key to future growth.

GDP (purchasing power parity):
$11.85 billion (2010 est.)
country comparison to the world: 143

$12.28 billion (2009 est.)
$12 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$4.444 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-3.5% (2010 est.)
country comparison to the world: 210

2.3% (2009 est.)
8.4% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,200 (2010 est.)
country comparison to the world: 185

$2,300 (2009 est.)
$2,200 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 24.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 25%
[see also: GDP - composition by sector - industry country ranks ]
services: 50.4% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
2.344 million (2007)
country comparison to the world: 111
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 48%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 12.5%
[see also: Labor force - by occupation - industry country ranks ]
services: 39.5% (2005 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
18% (2004 est.)
country comparison to the world: 162
[see also: Unemployment rate country ranks ]

Population below poverty line:
40% (2004 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 25.9% (2004)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
30.3 (2003)
country comparison to the world: 111

29 (2001)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
26.4% of GDP (2009 est.)
country comparison to the world: 35
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $980 million
[see also: Budget - revenues country ranks ]
expenditures: $1.46 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
4.8% (2010 est.)
country comparison to the world: 139

6.9% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
9.07% (31 December 2009)
country comparison to the world: 18

15.11% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
23.03% (31 December 2009 est.)
country comparison to the world: 19

19.86% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$714.9 million (31 December 2010 est)

$826.4 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.1 billion (31 December 2010 est.)

$1.247 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$505.4 million (31 December 2010 est.)
country comparison to the world: 164

$572.9 million (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$71.84 million (31 December 2009)
country comparison to the world: 113

$93.79 million (31 December 2008)
$121 million (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
tobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool

Industries:
small machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals

Industrial production growth rate:
6% (2009 est.)
country comparison to the world: 55
[see also: Industrial production growth rate country ranks ]

Electricity - production:
15.96 billion kWh (2007 est.)
country comparison to the world: 77
[see also: Electricity - production country ranks ]

Electricity - consumption:
9 billion kWh (2007 est.)
country comparison to the world: 90
[see also: Electricity - consumption country ranks ]

Electricity - exports:
2.379 billion kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
979 bbl/day (2009 est.)
country comparison to the world: 106
[see also: Oil - production country ranks ]

Oil - consumption:
15,000 bbl/day (2009 est.)
country comparison to the world: 139
[see also: Oil - consumption country ranks ]

Oil - exports:
1,890 bbl/day (2007 est.)
country comparison to the world: 117
[see also: Oil - exports country ranks ]

Oil - imports:
12,850 bbl/day (2007 est.)
country comparison to the world: 134
[see also: Oil - imports country ranks ]

Oil - proved reserves:
40 million bbl (1 January 2010 est.)
country comparison to the world: 80
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
30 million cu m (2008 est.)
country comparison to the world: 85
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
750 million cu m (2008 est.)
country comparison to the world: 91
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 77
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
720 million cu m (2008 est.)
country comparison to the world: 57
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
5.663 billion cu m (1 January 2010 est.)
country comparison to the world: 90
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$210 million (2010 est.)
country comparison to the world: 89

$184 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$1.682 billion (2010 est.)
country comparison to the world: 136

$1.726 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
cotton, wool, meat, tobacco; gold, mercury, uranium, natural gas, hydropower; machinery; shoes

Exports - partners:
Switzerland 25.96%, Russia 25.88%, Uzbekistan 15.72%, Kazakhstan 12.47% (2009)

Imports:
$3.075 billion (2010 est.)
country comparison to the world: 140

$2.987 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
oil and gas, machinery and equipment, chemicals, foodstuffs

Imports - partners:
China 57.03%, Russia 19.34%, Kazakhstan 5.9% (2009)

Reserves of foreign exchange and gold:
$1.615 billion (31 December 2010 est.)
country comparison to the world: 103

$1.585 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$3.738 billion (30 June 2010)
country comparison to the world: 119

$3.467 billion (31 December 2008)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
soms (KGS) per US dollar - 46.337 (2010), 42.905 (2009), 36.108 (2008), 37.746 (2007), 40.149 (2006)


NOTE: The information regarding Kyrgyzstan on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kyrgyzstan Economy 2011 information contained here. All suggestions for corrections of any errors about Kyrgyzstan Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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