Kyrgyzstan - Economy
How is the economy of Kyrgyzstan? Based on the information we have, Kyrgyzstan has a 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. Key agricultural products in this country include: milk, potatoes, maize, sugar beets, wheat, barley, tomatoes, onions, watermelons, carrots/turnips (2023).
More about the economy of Kyrgyzstan
Labor force 3.197 million (2024 est.)
Industrial production growth rate 9.4% (2024 est.)
Industries small machinery, textiles, food processing, cement, shoes, lumber, refrigerators, furniture, electric motors, gold, rare earth metals
Population below poverty line 33.3% (2021 est.)
Taxes and other revenues 19.6% (of GDP) (2023 est.)
Fiscal year
Exchange rates
Currency soms (KGS) per US dollar -
Exchange rates 2024 87.15 (2024 est.)
Exchange rates 2023 87.856 (2023 est.)
Exchange rates 2022 84.116 (2022 est.)
Exchange rates 2021 84.641 (2021 est.)
Exchange rates 2020 77.346 (2020 est.)
Debt - external
Debt - external 2023 $3.617 billion (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $5.089 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $3.237 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $2.799 billion (2022 est.)
Current account balance
Current account balance 2022 -$5.18 billion (2022 est.)
Current account balance 2021 -$737.696 million (2021 est.)
Current account balance 2020 $374.257 million (2020 est.)
Public debt
Public debt 2023 40.5% of GDP (2023 est.)
Budget
Revenues $4.84 billion (2023 est.)
Expenditures $4.452 billion (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 18.8% of GDP (2023 est.)
Remittances 2022 26.6% of GDP (2022 est.)
Remittances 2021 32.6% of GDP (2021 est.)
Household income
Lowest 10% 4.4% (2022 est.)
Highest 10% 22% (2022 est.)
Imports
Imports 2022 $10.655 billion (2022 est.)
Imports 2021 $5.928 billion (2021 est.)
Imports 2020 $4.051 billion (2020 est.)
Imports (partners) China 44%, Russia 12%, Kazakhstan 6%, Turkey 6%, Uzbekistan 4% (2023)
Comodities Imports force cars, garments, refined petroleum, fabric, footwear (2023)
Exports
Imports 2022 $10.655 billion (2022 est.)
Imports 2021 $5.928 billion (2021 est.)
Imports 2020 $4.051 billion (2020 est.)
Exports (partners) Switzerland 30%, Russia 19%, Kazakhstan 14%, UAE 10%, Turkey 8% (2023)
Comodities Exports force gold, coal, precious metal ore, refined petroleum, garments (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $50.907 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $46.686 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $42.826 billion (2022 est.)
GDP (official exchange rate) $17.478 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $7,000 (2024 est.)
Real GDP per capita 2023 $6,600 (2023 est.)
Real GDP per capita 2022 $6,100 (2022 est.)
GDP - composition, by sector of origin
Agriculture 8.6% (2024 est.)
Industry 24.7% (2024 est.)
Services 52.1% (2024 est.)
GDP - composition, by end use
Household consumption 88.3% (2023 est.)
Government consumption 16% (2023 est.)
Investment in fixed capital 22% (2023 est.)
Investment in inventories 12.5% (2023 est.)
Exports of goods and services 36.9% (2023 est.)
Imports of goods and services -95.5% (2023 est.)
Unemployment rate
Unemployment rate 2024 3.3% (2024 est.)
Unemployment rate 2023 4% (2023 est.)
Unemployment rate 2022 4.1% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 6.8% (2024 est.)
Male 6.3% (2024 est.)
Female 7.7% (2024 est.)
All Important Facts about Kyrgyzstan

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Kyrgyzstan is found in Central Asia