Kyrgyz Republic: Economy | Asian Development Bank

Kyrgyz Republic: Economy

Economic expansion reached 6.0% in the first 8 months of 2017, up from no growth in the same period of 2016. Growth outside of the important gold sector was 3.6%. Industry expanded by 26.4%, also reversing contraction in the same period of last year, by 8.3%, and reflecting hefty gains of 91.2% in gold mining, 24.0% in manufacturing,and 12.2% in electricity generation. Construction expanded by 5.6%, supported by a 4.1% rise in investment. Agriculture increased by 1.1% on gains in animal husbandry. On the demand side, private consumption is estimated to have grown slightly as higher retail sales, largely from much higher remittances, boosted trade by 3.9%. In view of unexpectedly strong economic performance in the first 8 months, this Update raises the growth projection for 2017 and, with the improved outlook for Kazakhstan and the Russian Federation, for 2018 as well. Read more from Asian Development Outlook 2017 Update

Note: GDP growth rate forecasts for 2017 and 2018.


Economic forecasts for South Asian countries

Country 2017f 2018f
Armenia 2.2 2.5
Azerbaijan –2.2 0.1
Georgia 3.8 4.5
Kazakhstan 0.9 0.7
Kyrgyz Republic 1.5 1.0
Tajikistan 1.5 3.3
Turkmenistan 5.1 5.6
Uzbekistan 5.1 5.4
Average 1.7 2.1
Country 2017f 2018f
Armenia 1.2 1.8
Azerbaijan 14.0 10.0
Georgia 5.7 4.0
Kazakhstan 8.0 7.0
Kyrgyz Republic 3.5 5.0
Tajikistan 8.0 7.5
Turkmenistan 5.7 5.5
Uzbekistan 11.5 12.0
Average 8.9 7.8
Country 2017f 2018f
Armenia –2.5 –2.3
Azerbaijan 5.6 11.0
Georgia –12.0 –11.5
Kazakhstan –4.5 –3.5
Kyrgyz Republic –13.0 –13.5
Tajikistan –5.5 –6.0
Turkmenistan –12.8 –12.4
Uzbekistan 0.1 0.5
Average –3.4 –2.0
Country 2015
Armenia 3,880
Azerbaijan 6,560
Georgia 4,160
Kazakhstan 11,390
Kyrgyz Republic 1,170
Tajikistan 1,280
Turkmenistan 7,380
Uzbekistan 2,160

f = forecast number.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update