Kyrgyz GDP up by 4.8% y/y in Jan-Oct

By bne IntelliNews November 23, 2015

Kyrgyzstan’s GDP expanded by 4.8% y/y to KGS334.1bn (€4.3bn) in January-October 2015, the country’s National Statistical Committee has reported.

Despite the slowdown in the country’s major trading partners – Russia, China and Kazakhstan – and falling remittances the Kyrgyz economy is posting a robust growth thanks to domestic consumption.

The increase was helped by an increase in the services sector (which contributed 31.3% of growth), agriculture (22.4%), the processing sector (15.9%) and construction (8.1%). Without the flagship gold mine Kumtor, GDP expanded by 4%. Production of goods decreased by 0.5 percentage points to 38.7% of GDP, while services increased by 2 percentage points to 48.8% of GDP.

Agriculture expanded by 6.3% y/y to KGS53.5bn, industry by 7.8% to KGS52bn, mining by 75.7% to KGS3bn, the processing sector by 6.2% to KGS41.6bn and supplies of electricity, gas and steam decreased by 3.8% y/y to KGS6.7bn. Water supplies and water treatment increased by 5.1% to KGS769.1mn, construction by 5.7% to KGS23.7bn, wholesale and retail trade by 5.8% to KGS57.9bn, transport by 1.5% to KGS13bn, hotel and restaurant services by 7.5% to KGS6.2bn, telecom and postal services by 5.3% to KGS15.1bn and other services by 0.5% to KGS70.9bn.

Net taxes increased by 4.8% to KGS41.7bn.

Related Articles

Unusually intense heatwave hit Central Asia in March, may impact crop yields

Central Asia experienced an unusually intense heatwave in March that could have an impact on agricultural crop yields, according to an April 4 ... more

Russia’s expulsions of migrants reportedly nearly double in 2024 to around 80,000

Russia in 2024 expelled more than 80,000 migrants for immigration rule violations, compared to 44,200 in 2023 and 26,600 in 2022, TASS reported on January 8. The Russian state news agency cited a ... more

Central Asian unified electricity trade platform will boost renewables, says Uzbek energy official

Central Asia is working to achieve a unified electricity trade platform to improve regional trade and meet the growing demand for renewable energy, according to Uzbekistan’s Deputy Minister for ... more

Dismiss