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

Former Kyrgyz PM taken into custody on corruption charges

Former prime minister of Kyrgyzstan Sapar Isakov was taken into custody on June 5 in a graft case relating to a power station that hit the headlines when it malfunctioned and ... more

EEU, Iran sign interim free trade agreement in Astana

The Moscow-led Eurasian Economic Union (EEU) and Iran have signed an interim free trade agreement (FTA), TASS reported on May 17. “The provisional agreement includes an initial list of goods, ... more

ADB sees general Central Asia slowdown in 2018

The Asian Development Bank’s (ADB’s) Asian Development Outlook anticipates a general slowdown across the Central Asian region, with the exceptions of Uzbekistan, where the development bank ... more

Dismiss