Kyrgyzstan Economy - 2023

GEOGRAPHICAL NAMES 

Economic overview

landlocked, lower-middle-income Central Asian economy; natural resource rich; growing hydroelectricity and tourism; high remittances; corruption limits investment; COVID-19 and political turmoil hurt GDP, limited public revenues, and increased spending

Real GDP (purchasing power parity)

$32.221 billion (2021 est.)

$31.098 billion (2020 est.)

$33.949 billion (2019 est.)

note: data are in 2017 dollars

Real GDP growth rate

3.61% (2021 est.)

-8.4% (2020 est.)

4.6% (2019 est.)

Real GDP per capita

$4,800 (2021 est.)

$4,700 (2020 est.)

$5,300 (2019 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$8.442 billion (2019 est.)

Inflation rate (consumer prices)

11.91% (2021 est.)

6.33% (2020 est.)

1.13% (2019 est.)

Credit ratings

Moody's rating: B2 (2015)

Standard & Poors rating: NR (2016)

note: The year refers to the year in which the current credit rating was first obtained.

GDP - composition, by sector of origin

agriculture: 14.6% (2017 est.)

industry: 31.2% (2017 est.)

services: 54.2% (2017 est.)

GDP - composition, by end use

household consumption: 85.4% (2017 est.)

government consumption: 18.9% (2017 est.)

investment in fixed capital: 33.2% (2017 est.)

investment in inventories: 1.8% (2017 est.)

exports of goods and services: 39.7% (2017 est.)

imports of goods and services: -79% (2017 est.)

Agricultural products

milk, potatoes, sugar beets, maize, wheat, barley, tomatoes, watermelons, onions, carrots/turnips

Industries

small machinery, textiles, food processing, cement, shoes, lumber, refrigerators, furniture, electric motors, gold, rare earth metals

Industrial production growth rate

3.1% (2021 est.)

Labor force

2.478 million (2021 est.)

Labor force - by occupation

agriculture: 48%

industry: 12.5%

services: 39.5% (2005 est.)

Unemployment rate

9.1% (2021 est.)

8.71% (2020 est.)

6.92% (2019 est.)

Youth unemployment rate (ages 15-24)

total: 19.3%

male: 15.6%

female: 27.3% (2021 est.)

Population below poverty line

20.1% (2019 est.)

Gini Index coefficient - distribution of family income

29 (2020 est.)

Household income or consumption by percentage share

lowest 10%: 4.4%

highest 10%: 22.9% (2014 est.)

Budget

revenues: $2.878 billion (2019 est.)

expenditures: $2.89 billion (2019 est.)

Budget surplus (+) or deficit (-)

-3.2% (of GDP) (2017 est.)

Public debt

72.23% of GDP (2020 est.)

54.23% of GDP (2019 est.)

51.66% of GDP (2018 est.)

Taxes and other revenues

14.92% (of GDP) (2020 est.)

Fiscal year

calendar year

Current account balance

-$743.363 million (2021 est.)

$374.257 million (2020 est.)

-$1.067 billion (2019 est.)

Exports

$3.35 billion (2021 est.) note: data are in current year dollars

$2.435 billion (2020 est.) note: data are in current year dollars

$3.108 billion (2019 est.)

Exports - partners

United Kingdom 56%, Kazakhstan 13%, Russia 13%, Uzbekistan 5% (2019)

Exports - commodities

gold, float glass, precious metals, kidney beans, refined petroleum, scrap copper, dried fruits (2021)

Imports

$5.919 billion (2021 est.) note: data are in current year dollars

$4.051 billion (2020 est.) note: data are in current year dollars

$5.67 billion (2019 est.)

Imports - partners

China 53%, Russia 17%, Kazakhstan 7%, Uzbekistan 7%, Turkey 5% (2019)

Imports - commodities

refined petroleum, footwear, clothing and apparel, broadcasting equipment, walnuts (2019)

Reserves of foreign exchange and gold

$2.983 billion (31 December 2021 est.)

$2.812 billion (31 December 2020 est.)

$2.429 billion (31 December 2019 est.)

Debt - external

$8.372 billion (2019 est.)

$8.066 billion (2018 est.)

Exchange rates

soms (KGS) per US dollar -

84.641 (2021 est.)

77.346 (2020 est.)

69.789 (2019 est.)

68.84 (2018 est.)

68.867 (2017 est.)

NOTE: The information regarding Kyrgyzstan on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Kyrgyzstan 2023 information contained here. All suggestions for corrections of any errors about Kyrgyzstan 2023 should be addressed to the CIA or the source cited on each page.