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Kyrgyzstan Economy




Kyrgyzstan    Economy Top of Page
Economy - overview: Kyrgyzstan is a small, poor, mountainous country with a predominantly agricultural economy. Cotton, wool, and meat are the main agricultural products and exports. Industrial exports include gold, mercury, uranium, and electricity. Kyrgyzstan has been one of the most progressive countries of the former Soviet Union in carrying out market reforms. Following a successful stabilization program, which lowered inflation from 88% in 1994 to 15% for 1997, attention is turning toward stimulating growth. Much of the government's stock in enterprises has been sold. Drops in production had been severe since the breakup of the Soviet Union in December 1991, but by mid-1995 production began to recover and exports began to increase. Pensioners, unemployed workers, and government workers with salary arrears continue to suffer. Foreign assistance played a substantial role in the country's economic turnaround in 1996-97. Growth was held down to 2.1% in 1998 largely because of the spillover from Russia's economic difficulties, but moved ahead to 3.6% in 1999 and an estimated 5.7% in 2000. The government has adopted a series of measures to combat such persistent problems as excessive external debt, inflation, and inadequate revenue collection.
GDP: purchasing power parity - $12.6 billion (2000 est.)
GDP - real growth rate: 5.7% (2000 est.)
GDP - per capita: purchasing power parity - $2,700 (2000 est.)
GDP - composition by sector: agriculture:  39%

industry:  22%

services:  39% (1999 est.)
Population below poverty line: 51% (1997 est.)
Household income or consumption by percentage share: lowest 10%:  2.7%

highest 10%:  31.7% (1997)
Inflation rate (consumer prices): 18.7% (2000 est.)
Labor force: 1.7 million
Labor force - by occupation: agriculture 55%, industry 15%, services 30% (1999 est.)
Unemployment rate: 6% (1998 est.)
Budget: revenues:  $207.4 million

expenditures:  $238.7 million, including capital expenditures of $NA (1999 est.)
Industries: small machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals
Industrial production growth rate: 7% (2000 est.)

Electricity - production: 12.981 billion kWh (1999)
Electricity - production by source: fossil fuel:  6.67%

hydro:  93.33%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 10.236 billion kWh (1999)
Electricity - exports: 2.02 billion kWh (1999)
Electricity - imports: 184 million kWh (1999)
Agriculture - products: tobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool
Exports: $482 million (f.o.b., 2000 est.)
Exports - commodities: cotton, wool, meat, tobacco; gold, mercury, uranium, hydropower; machinery; shoes
Exports - partners: Germany 33%, Russia 16%, Kazakhstan 10%, Uzbekistan 10%, China 6% (1999)
Imports: $579 million (f.o.b., 2000 est.)
Imports - commodities: oil and gas, machinery and equipment, foodstuffs
Imports - partners: Russia 18%, Kazakhstan 12%, US 9%, Germany 8%, Uzbekistan 8%, China (1999)
Debt - external: $1.4 billion (2000 est.)
Economic aid - recipient: $329.4 million (1995)
Currency: Kyrgyzstani som (KGS)
Currency code: KGS
Exchange rates: soms per US dollar - 48.701 (January 2001), 47.704 (2000), 39.008 (1999), 20.838 (1998), 17.362 (1997), 12.810 (1996)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








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