Kyrgyzstan:
Economy

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Other pages in this profile of Kyrgyzstan:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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, natural gas, and electricity. Following independence, Kyrgyzstan was progressive in carrying out market reforms such as an improved regulatory system and land reform. Kyrgyzstan was the first Commonwealth of Independent States (CIS) country to be accepted into the World Trade Organization. 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. The economy is heavily weighted toward gold export and a drop in output at the main Kumtor gold mine sparked a 0.5% decline in GDP in 2002 and a 0.6% decline in 2005. GDP grew more than 6% in 2007, partly due to higher gold prices internationally. The government made steady strides in controlling its substantial fiscal deficit, nearly closing the gap between revenues and expenditures in 2006, before boosting expenditures more than 20% in 2007. The government and international financial institutions have been engaged in a comprehensive medium-term poverty reduction and economic growth strategy. In 2005, Bishkek agreed to pursue much-needed tax reform and, in 2006, became eligible for the heavily indebted poor countries (HIPC) initiative. Progress fighting corruption, further restructuring of domestic industry, and success in attracting foreign investment are keys to future growth.
GDP (purchasing power parity)	Definition - World rank and map $10.5 billion (2007 est.)
GDP (official exchange rate)	Definition $3.748 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 8.2% (2007 est.)
GDP - per capita	Definition - World rank and map $2,000 (2007 est.)
GDP - composition by sector	Definition agriculture: 30.9% industry: 19.9% services: 49.1% (2007 est.)
Labor force	Definition 2.7 million (2000)
Labor force - by occupation	Definition agriculture: 55% industry: 15% services: 30% (2000 est.)
Unemployment rate	Definition - World rank and map 18% (2004 est.)
Population below poverty line	Definition 40% (2004 est.)
Household income or consumption by percentage share	Definition lowest 10%: 3.8% highest 10%: 24.3% (2003)
Distribution of family income - Gini index	Definition - World rank and map 30.3 (2003)
Inflation rate (consumer prices)	Definition - World rank and map 10.2% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 15.4% of GDP (2007 est.)
Budget	Definition revenues: $920.8 million expenditures: $993.3 million (2007 est.)
Agriculture - products	Definition tobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool
Industries	Definition small machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals
Industrial production growth rate	Definition - World rank and map 7.3% (2007 est.)
Electricity - production	Definition - World rank and map 15.15 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 8.206 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 1,531.9 kWh (2005)
Electricity - exports	Definition 2.684 billion kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 1,965 bbl/day (2005)
Oil - consumption	Definition - World rank and map 12,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 2.2 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 3,221 bbl/day (2004)
Oil - imports	Definition - World rank and map 13,770 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 40 million bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 28.77 million cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 709.7 million cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 132 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 680.9 million cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 5.432 billion cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$244 million (2007 est.)
Exports	Definition - World rank and map $1.04 billion f.o.b. (2007 est.)
Exports - commodities	Definition cotton, wool, meat, tobacco; gold, mercury, uranium, natural gas, hydropower; machinery; shoes
Exports - partners	Definition Switzerland 21.3%, Kazakhstan 20.1%, Russia 18.3%, Afghanistan 13.6%, China 8% (2006)
Imports	Definition - World rank and map $2.509 billion f.o.b. (2007 est.)
Imports - commodities	Definition oil and gas, machinery and equipment, chemicals, foodstuffs
Imports - partners	Definition China 61.9%, Russia 16.5%, Kazakhstan 4.8% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $1.177 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $2.966 billion (30 June 2007)
Stock of direct foreign investment - at home	Definition $NA
Stock of direct foreign investment - abroad	Definition $NA
Market value of publicly traded shares	Definition $41.99 million (2005)
Economic aid - recipient	Definition $268.5 million from the US (2005)
Currency (code)	Definition som (KGS)
Exchange rates	Definition soms per US dollar - 37.746 (2007), 40.149 (2006), 41.012 (2005), 42.65 (2004), 43.648 (2003)
Fiscal year	Definition calendar year

Kyrgyzstan: Economy

Kyrgyzstan:
Economy