Kyrgyz Republic: Economy

In the first 7 months of 2016, gross domestic product (GDP) contracted by 2.2% in the Kyrgyz Republic, reversing 6.6% growth in the same period of 2015 as industry fell by 15.6%, despite expansion in agriculture by 2.1% and in construction by 4.7% supported by a 4.1% increase in investment. Outside the gold sector, GDP rose by 1.6%. The decline in industry reflected output contractions of 29.0% in textiles, 26.6% in apparel, and 10.6% in electricity generation. On the demand side, private consumption is estimated to have grown slightly as retail sales buoyed by higher remittances boosted trade by 5.3%. Read more from Asian Development Outlook 2016 Update


Economic forecasts for Central Asian countries

Country 2016 2017
Armenia 2.0 2.3
Azerbaijan -2.5 1.0
Georgia 3.0 4.0
Kazakhstan 0.1 1.0
Kyrgyz Republic 1.0 2.0
Tajikistan 3.8 4.0
Turkmenistan 5.5 5.5
Uzbekistan 6.9 7.3
Average 1.5 2.6
Country 2016 2017
Armenia 1.5 4.0
Azerbaijan 12.0 5.2
Georgia 3.0 4.0
Kazakhstan 14.7 6.0
Kyrgyz Republic 5.0 8.0
Tajikistan 8.5 7.5
Turkmenistan 5.0 4.4
Uzbekistan 10.0 11.0
Average 11.5 6.4
Country 2016 2017
Armenia -4.8 -5.0
Azerbaijan -0.6 1.5
Georgia -12.0 -11.5
Kazakhstan -5.5 -4.9
Kyrgyz Republic -17.0 -15.0
Tajikistan -4.8 -5.5
Turkmenistan -13.3 -10.0
Uzbekistan 0.2 0.8
Average -5.0 -3.9

Source: Asian Development Outlook 2016 Update