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Kyrgyzstan Economy 2017
https://theodora.com/wfbcurrent/kyrgyzstan/kyrgyzstan_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Kyrgyzstan Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Kyrgyzstan is a poor, mountainous country with an economy dominated by minerals extraction, agriculture, and reliance on remittances from citizens working abroad. Cotton, wool, and meat are the main agricultural products, although only cotton is exported in any quantity. Other exports include gold, mercury, uranium, natural gas, and - in some years - electricity. The country has sought to attract foreign investment to expand its export base, including construction of hydroelectric dams, but a difficult investment climate and an ongoing legal battle with Canadian investors in the nation’s largest gold mine deter potential investors. Remittances from Kyrgyz migrant workers in Russia and Kazakhstan are equivalent to about a quarter of Kyrgyzstan’s GDP.Following independence, Kyrgyzstan rapidly carried out market reforms, such as improving the regulatory system and instituting land reform. Kyrgyzstan was the first Commonwealth of Independent States (CIS) country to be accepted into the World Trade Organization. The government has privatized much of its ownership shares in public enterprises. Despite these reforms, the country suffered a severe drop in production in the early 1990s and has again faced slow growth in recent years as the global financial crisis and declining oil prices have damaged economies across Central Asia.Kyrgyz leaders hope the country’s August 2015 accession to the Eurasian Economic Union will bolster trade and investment, but slowing economies in Russia and China, low commodity prices, and currency fluctuations continue to hamper economic growth. The keys to future growth include progress in fighting corruption, improving administrative transparency, restructuring domestic industry, and attracting foreign aid and investment.

GDP (purchasing power parity):
$21.01 billion (2016 est.) $20.55 billion (2015 est.) $19.87 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 145
[see also: GDP country ranks ]

GDP (official exchange rate):
$5.794 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.2% (2016 est.) 3.5% (2015 est.) 4% (2014 est.)
country comparison to the world: 128
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$3,500 (2016 est.) $3,400 (2015 est.) $3,400 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 182
[see also: GDP - per capita country ranks ]

Gross national saving:
18.5% of GDP (2016 est.) 19.3% of GDP (2015 est.) 9.3% of GDP (2014 est.)
country comparison to the world: 95
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 77.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 18.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 25.2%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 2.5%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 30.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -55% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 17.9%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 25.9%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 56.2% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
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:
0% (2016 est.)
country comparison to the world: 173
[see also: Industrial production growth rate country ranks ]

Labor force:
2.778 million (2016 est.)
country comparison to the world: 108
[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:
8% (2013 est.) 8.1% (2014 est.)
country comparison to the world: 89
[see also: Unemployment rate country ranks ]

Population below poverty line:
33.7% (2011 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 27.8% (2009 est.)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
33.4 (2007) 29 (2001)
country comparison to the world: 103
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $2.04 billion
[see also: Budget revenues country ranks ]
expenditures: $2.354 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
35.2% of GDP (2016 est.)
country comparison to the world: 56
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.4% of GDP (2016 est.)
country comparison to the world: 167
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
69.5% of GDP (2016 est.)
country comparison to the world: 46
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.9% (2016 est.) 6.5% (2015 est.)
country comparison to the world: 138
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
13.73% (22 December 2011) 2.5% (31 December 2010)
country comparison to the world: 15
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
23.3% (31 December 2016 est.) 24.25% (31 December 2015 est.)
country comparison to the world: 12
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.179 billion (31 December 2016 est.) $928.2 million (31 December 2015 est.)
country comparison to the world: 148
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.333 billion (31 December 2015 est.) $1.399 billion (31 December 2014 est.)
country comparison to the world: 166
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$980.7 million (31 December 2016 est.) $831.4 million (31 December 2015 est.)
country comparison to the world: 160
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$165 million (31 December 2012 est.) $165 million (31 December 2011 est.) $79 million (31 December 2010 est.)
country comparison to the world: 119
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$867 million (2016 est.) -$692 million (2015 est.)
country comparison to the world: 118
[see also: Current account balance country ranks ]

Exports:
$1.453 billion (2016 est.) $1.61 billion (2015 est.)
country comparison to the world: 145
[see also: Exports country ranks ]

Exports - commodities:
gold, cotton, wool, garments, meat; mercury, uranium, electricity; machinery; shoes

Exports - partners:
Switzerland 26%, Uzbekistan 22.6%, Kazakhstan 20.8%, UAE 4.9%, Turkey 4.5%, Afghanistan 4.5%, Russia 4.2% (2015)

Imports:
$3.146 billion (2016 est.) $3.648 billion (2015 est.)
country comparison to the world: 138
[see also: Imports country ranks ]

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

Imports - partners:
China 56.4%, Russia 17.1%, Kazakhstan 9.9% (2015)

Reserves of foreign exchange and gold:
$1.838 billion (31 December 2016 est.) $1.778 billion (31 December 2015 est.)
country comparison to the world: 118
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$7.728 billion (31 December 2016 est.) $7.37 billion (31 December 2015 est.)
country comparison to the world: 119
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$4.897 billion (31 December 2016 est.) $4.347 billion (31 December 2015 est.)
country comparison to the world: 101
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$331.4 million (31 December 2016 est.) $331.4 million (31 December 2015 est.)
country comparison to the world: 91
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
soms (KGS) per US dollar - 69.08 (2016 est.) 64.462 (2015 est.) 64.462 (2014 est.) 53.654 (2013 est.) 47.01 (2012 est.)


NOTE: The information regarding Kyrgyzstan on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kyrgyzstan Economy 2017 information contained here. All suggestions for corrections of any errors about Kyrgyzstan Economy 2017 should be addressed to the CIA.




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