|
Economy overview
|
Kyrgyzstan is a poor, mountainous country with a predominantly agricultural economy. 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, and natural gas and electricity. Kyrgyzstan has been fairly progressive in carrying out market reforms, such as an improved regulatory system and land reform. Kyrgyzstan was the first CIS country to be accepted into the World Trade Organization. With fits and starts, inflation has been lowered to an estimated 7% in 2001, 2.1% in 2002, and 4.0% in 2003. 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. Kyrgyzstan has distinguished itself by adopting relatively liberal economic policies. The drop in output at the Kumtor gold mine sparked a 0.5% decline in GDP in 2002, but GDP growth bounced back to 6% in 2003. The government has made steady strides in controlling its substantial fiscal deficit and aims to reduce the deficit to 4.4 percent of GDP in 2004. The government and the international financial institutions have been engaged in a comprehensive medium-term poverty reduction and economic growth strategy. Further restructuring of domestic industry and success in attracting foreign investment are keys to future growth.
|
|
GDP
|
purchasing power parity - $7.808 billion (2004 est.)
|
|
GDP - real growth rate
|
6.7% (2004 est.)
|
|
GDP - per capita
|
purchasing power parity - $1,600 (2004 est.)
|
|
GDP - composition by sector
|
agriculture: 38.7%
industry: 22.9%
services: 38.4% (2004 est.)
|
|
Investment gross fixed
|
17.6% of GDP (2004 est.)
|
|
Population below poverty line
|
50% (2004 est.)
|
|
Household income or consumption by percentage share
|
lowest 10%: 3.2%
highest 10%: 27.7% (1999)
|
|
Distribution of family income - Gini index
|
34.6 (1999)
|
|
Inflation rate consumer prices
|
3.5% (2004 est.)
|
|
Labor force
|
2.7 million (2000)
|
|
Labor force by occupation
|
agriculture 55%, industry 15%, services 30% (2000 est.)
|
|
Unemployment rate
|
7.2% (1999 est.)
|
|
Budget
|
revenues: $371.5 million
expenditures: $387.1 million, including capital expenditures of NA (2004 est.)
|
|
Public debt
|
|
|
Agriculture products
|
tobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool
|
|
Industries
|
small machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals
|
|
Industrial production growth rate
|
6% (2000 est.)
|
|
Electricity production
|
13.45 billion kWh (2001)
|
|
Electricity production by source
|
fossil fuel: 7.6%
hydro: 92.4%
other: 0% (2001)
nuclear: 0%
|
|
Electricity consumption
|
10.46 billion kWh (2001)
|
|
Electricity exports
|
2.25 billion kWh (2001)
|
|
Electricity imports
|
200 million kWh (2001)
|
|
Oil production
|
2,000 bbl/day (2001 est.)
|
|
Oil consumption
|
20,000 bbl/day (2001 est.)
|
|
Oil exports
|
NA (2001)
|
|
Oil imports
|
NA (2001)
|
|
Oil proved reserves
|
|
|
Natural gas production
|
16 million cu m (2001 est.)
|
|
Natural gas consumption
|
2.016 billion cu m (2001 est.)
|
|
Natural gas exports
|
0 cu m (2001 est.)
|
|
Natural gas imports
|
2 billion cu m (2001 est.)
|
|
Natural gas proved reserves
|
|
|
Current account balance
|
$-108 million (2004 est.)
|
|
Exports
|
$548 million f.o.b. (2004 est.)
|
|
Exports commodities
|
cotton, wool, meat, tobacco; gold, mercury, uranium, natural gas, hydropower; machinery; shoes
|
|
Exports partners
|
UAE 24.7%, Switzerland 20.3%, Russia 16.7%, Kazakhstan 9.8%, Canada 5.3%, China 4% (2003)
|
|
Imports
|
$601 million f.o.b. (2003 est.)
|
|
Imports commodities
|
oil and gas, machinery and equipment, chemicals, foodstuffs
|
|
Imports partners
|
Russia 24.7%, Kazakhstan 24%, China 10.3%, US 6.7%, Uzbekistan 5.5%, Germany 5.3% (2003)
|
|
Reserves of foreign exchange gold
|
$399.3 million (2004 est.)
|
|
Debt external
|
$1.5 billion (2002 est.)
|
|
Economic aid recipient
|
$50 million from the US (2001)
|
|
Currency
|
Kyrgyzstani som (KGS)
|
|
Currency code
|
KGS
|
|
Exchange rates
|
soms per US dollar - 43.6484 (2003), 46.9371 (2002), 48.378 (2001), 47.7038 (2000), 39.0077 (1999)
|
|
Fiscal year
|
calendar year
|
This information was reproduced in part from the CIA World Fact book.
If you would like to use this flag of Kyrgyzstan or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
If you would like to use this map of Kyrgyzstan or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.
If you would like to use this information for Kyrgyzstan or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page. Please click here for information.