unbekannter Gast

Kyrgyzstan: Economy#

Kyrgyzstan is a poor, mountainous country with a dominant agricultural sector. Cotton, tobacco, wool, and meat are the main agricultural products, although only tobacco and cotton are exported in any quantity. Industrial exports include gold, mercury, uranium, natural gas, and electricity. The economy depends heavily on gold exports - mainly from output at the Kumtor gold mine - and on remittances from Kyrgyzstani migrant workers primarily in Russia. Following independence, Kyrgyzstan was progressive in carrying out market reforms, such as an improved regulatory system and land reform. Kyrgyzstan was the first Commonwealth of Independent States (CIS) country to be accepted into the World Trade Organization. Much of the government's stock in enterprises has been sold. Drops in production had been severe after the breakup of the Soviet Union in December 1991, but by mid-1995, production began to recover and exports began to increase. The overthrow of President BAKIEV in April 2010 and subsequent ethnic clashes left hundreds dead and damaged infrastructure. Under President ATAMBAYEV, Kyrgyzstan has developed a plan for economic development in coordination with international donors, and has also expressed its intent to join the Customs Union of Russia, Belarus, and Kazakhstan. Progress in fighting corruption, improving transparency in licensing, business permits and taxations, restructuring domestic industry, and attracting foreign aid and investment are key to future growth.

Economic Facts#

GDP (purchasing power parity)$14.3 billion (2013 est.)
$13.32 billion (2012 est.)
$13.44 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate7.4% (2013 est.)
-0.9% (2012 est.)
6% (2011 est.)
GDP - per capita (PPP)$2,500 (2013 est.)
$2,400 (2012 est.)
$2,400 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 20.8%
industry: 34.4%
services: 44.8% (2013 est.)
Population below poverty line33.7% (2011 est.)
Household income or consumption by percentage sharelowest 10%: 2.8%
highest 10%: 27.8% (2009 est.)
Labor force - by occupationagriculture: 48%
industry: 12.5%
services: 39.5% (2005 est.)
Exports - commoditiesgold, cotton, wool, garments, meat, tobacco; mercury, uranium, electricity; machinery; shoes
Exports - partnersKazakhstan 26.2%, Uzbekistan 26.1%, Russia 14.6%, China 7%, UAE 6.1%, Afghanistan 5.2% (2012)
Agriculture - productstobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool
Budgetrevenues: $2.128 billion
expenditures: $2.458 billion (2013 est.)
Imports - commoditiesoil and gas, machinery and equipment, chemicals, foodstuffs
Imports - partnersChina 55.2%, Russia 17.4%, Kazakhstan 7.9% (2012)
Exchange ratessoms (KGS) per US dollar -
48.87 (2013 est.)
47.005 (2012 est.)
45.964 (2010 est.)
42.905 (2009)
36.108 (2008)
Exports$1.881 billion (2013 est.)
$1.921 billion (2012 est.)
Debt - external$3.859 billion (31 December 2013 est.)
$3.746 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$5.082 billion (2013 est.)
$4.967 billion (2012 est.)
Industrial production growth rate12% (2013 est.)
Industriessmall machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals
Inflation rate (consumer prices)6.8% (2013 est.)
2.7% (2012 est.)
Labor force2.344 million (2007)
Unemployment rate8.6% (2011 est.)
18% (2004 est.)
Distribution of family income - Gini index33.4 (2007)
29 (2001)
Current account balance-$1.125 billion (2013 est.)
-$1.497 billion (2012 est.)
Reserves of foreign exchange and gold$2.199 billion (31 December 2013 est.)
$2.066 billion (31 December 2012 est.)
GDP (official exchange rate)$7.234 billion (2013 est.)
Stock of direct foreign investment - at home$2.005 billion (31 December 2013 est.)
$1.685 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$39.6 million (31 December 2013 est.)
$39.6 million (31 December 2012 est.)
Market value of publicly traded shares$165 million (31 December 2012 est.)
$165 million (31 December 2011)
$79 million (31 December 2010 est.)
Central bank discount rate13.73% (22 December 2011 est.)
2.5% (31 December 2010 est.)
Commercial bank prime lending rate25% (31 December 2013 est.)
28.43% (31 December 2012 est.)
Stock of domestic credit$1.011 billion (31 December 2013 est.)
$932.5 million (31 December 2012 est.)
Stock of narrow money$1.479 billion (31 December 2013 est.)
$1.372 billion (31 December 2012 est.)
Stock of broad money$1.776 billion (31 December 2013 est.)
$1.634 billion (31 December 2012 est.)
Taxes and other revenues29.4% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-4.6% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 78.1%
government consumption: 17.6%
investment in fixed capital: 25.3%
investment in inventories: 8%
exports of goods and services: 51.2%
imports of goods and services: -80.2%
(2013 est.)
Gross national saving9.1% of GDP (2013 est.)
2.4% of GDP (2012 est.)
15% of GDP (2011 est.)