Kyrgyzstan Economic Forecast

Kyrgyzstan Economic Outlook

September 4, 2018

The latest data shows that economic activity contracted in the first seven months of the year compared to the same period last year, largely owing to a sharp drop in mining output at the all-important Kumtor gold mine. Manufacturing production also declined, but the fall was less dramatic. On a brighter note, fixed investment, construction activity, and hotels and restaurant services expanded at a strong pace over the same period. Consumer spending continued to grow solidly, thanks to an upward trend in wages, easing inflation and rising remittances from Russia. Lastly, while export growth was mild, the external sector made an important contribution to economic growth.

Kyrgyzstan Economic Growth

Economic growth is expected to lose ground from last year, due to shrinking output in the mining sector. Furthermore, imports are expected to significantly outpace exports, which in turn will lead to a deterioration in the merchandise trade and current account deficits. On the upside, rising inflows of remittances should buttress household consumption. Met the why particular panelists project GDP growth of 3.9% in 2018, which is down 0.1 percentage points from last month’s forecast, and 4.5% in 2019.

Kyrgyzstan Economy Data

20132014201520162017
Population (million)5.85.96.06.16.3
GDP per capita (USD)1,2491,1549421,1181,203
GDP per capita (EUR)9069548671,0601,002
GDP (USD bn)7.26.85.76.97.5
GDP (EUR bn)5.25.65.26.56.3
Economic Growth (GDP, annual variation in %)11.94.03.94.34.5
Fiscal Balance (% of GDP)-0.8-0.5-1.6-4.4-3.5
Public Debt (% of GDP)46.252.364.958.1-  
Inflation Rate (CPI, annual variation in %, eop)4.011.53.4-0.53.7
Inflation Rate (CPI, annual variation in %)6.77.56.60.43.2
Exchange Rate (vs USD)51.5659.0576.8369.5669.00
Exchange Rate (vs USD, aop)51.5653.6964.4670.1268.95
Exchange Rate (vs EUR)67.8671.2682.4573.2083.02
Exchange Rate (vs EUR, aop)64.3471.1571.4977.3677.81
Current Account (% of GDP)-14.1-18.6-18.7-11.5-3.1
Current Account Balance (USD bn)-1.0-1.3-1.1-0.8-0.2
Trade Balance (USD billion)-2.8-2.8-2.2-2.1-2.3
Exports (USD billion)2.82.51.61.61.8
Imports (USD billion)5.65.33.93.74.2
Exports (annual variation in %)69.3-12.4-34.8-0.714.5
Imports (annual variation in %)0.7-5.8-27.0-3.011.8
International Reserves (USD)2.22.01.82.02.2
External Debt (% of GDP)94.7119136115-  

Sample Report

5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Kyrgyzstan Facts

ValueChangeDate
Exchange Rate69.050.0 %Sep 24
Stock Market0.20.0 %Sep 21

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.

Sign Up

Search form