Kyrgyzstan Economic Outlook
January 8, 2019Official data suggests that the economy gained steam through the January-November period, apparently fueled by greater gold production at the all-important Kumtor mine. Economic gains were likely bolstered by sturdy household spending, supported by rising remittances from Russia, and construction-led fixed investment. Moreover, cumulative mining output in January-November was higher than in the same period last year and likely supported year-end exports. In December, officials reportedly agreed to new production quotas at the Kumtor mine that should keep output roughly stable from last year, buttressing economic growth in turn.
Kyrgyzstan Economic GrowthGrowth is expected to accelerate this year on the back of rising gold output and, in turn, increased industrial production. Solid consumer spending, aided by remittance inflows from Russia and healthy wage growth, should also underpin the expansion. A possible cooldown of the Russian economy due to U.S. sanctions remains the main downside risk, however. Our panel project GDP growth of 4.1% in 2019, which is up 0.2 percentage points from last month’s forecast, and 4.4% in 2020.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||69.85||0.0 %||Jan 22|
|Stock Market||0.1||0.0 %||Nov 26|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.