Economy of Kyrgyzstan

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Economic Snapshot Overview

A summary of key economic indicators for Kyrgyzstan

  • The economic architecture of Kyrgyzstan is substantial, anchored by a Gross Domestic Product (GDP) of approximately $13.99B
    2023
    . This places it as the 140th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $1.97K
    2023
    , while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $50.45B, offering a clearer picture of the population's domestic purchasing power. The economy is experiencing a period of vigorous expansion, with a high growth rate of 6.2%
    2023
    , though this rapid growth is shadowed by high inflation, with the Consumer Price Index (CPI) reaching 10.8%, suggesting the economy may be overheating.
    2023
  • On the global stage, Kyrgyzstan's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 101.0% of GDP and exports at 39.2%
    2023
    . The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 3.51% of the economy
    2023
    . This performance positions the country 54th globally out of 186 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $2.85B annually
    2023
    . Fiscal capacity is adequate, with tax collections representing 21.3% of GDP, supporting core state functions.
    2023
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $1,760
    2023
    , ranking the nation 153rd out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The labor market demonstrates considerable strength, with a low unemployment rate of 3.3%, suggesting conditions close to full employment.
    2024
    A key feature of the workforce is its concentration in the services sector, which accounts for 51.5% of total employment
    2023
    . Despite its economic standing, poverty remains a salient issue, with 33.3% of the population living below the national poverty line
    2021
    . The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 26.4.
    2022
  • In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 645.014 kg of oil equivalent
    2022
    , a metric that often correlates with industrial activity and living standards. A significant commitment to sustainability is evident, with renewable energy accounting for 27.6% of consumption
    2021
    . This commitment places it 104th among 190 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 21.7K tonnes of CO2 equivalent
    2023
    , a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Rampant inflation is the most urgent economic threat, eroding purchasing power, destabilizing markets, and complicating policy choices.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.