Economy


Kyrgyzstan's economy depends largely on the services, mining, agriculture and livestock.


Economic indicators, according to the statistics of 2015

  • GDP (2015): 424 billion KGS (5 billion and 653 million dollars).
  • GDP per capita: $2044.
  • The growth rate in the GDP ratio: 3.6%.
  • Inflation: 3.4%.
  • Public debt, according to the statistics of 2015: 3 billion and 647 million dollars.
  • Minerals: represent 30% of GDP. Kyrgyzstan has gold with economic quantities, antimony (kohl stone), coal mercury, tungsten, uranium and zinc.
  • Energy: the proven reserve of oil does not exceed 11 million tons, and the reserve of the natural gas is about 5.6 billion cubic meters. The production of oil and gas used for domestic consumption is not enough, so the State is forced to import its needs from abroad.
  • Agriculture: represents 14% of GDP. Cotton production, grain cultivation in low-lying valleys and graze cattle have the largest portion of the labor force working in Agriculture.
  • Industry: represents 15% of total domestic production. The most important industries are apparels, textile, food industries and electric lamps.
  • Services: represent 50% of GDP. The services sector is growing steadily, due to the emergence of small private institutions. The commercial banking sector, supervised by the Central Bank, is also growing.

Foreign Economic Relations

In 1998, the Kyrgyz Republic became the first country in the Commonwealth of Independent States gain the membership of the World Trade Organization. Most of its foreign trade is golden jewelries, precious stones, textiles, cotton, apparels and meat; however, this products may be adjusted according to new statistics. While It imports the machinery and electrical equipment and chemical products from China, Turkey and Germany.