Kyrgyzstan maintains its leadership in Central Asia in terms of economic growth rates. Despite an impressive figure of 11% last year, current forecasts indicate a mixed situation: price increases could prove higher than GDP growth rates.

Economic Growth Forecasts

While repeating last year's 11% surge is unlikely, international financial institutions expect active dynamics to continue. GDP growth forecasts vary depending on the organization.

Economic Indicators

8.7-10.2%GDP growth forecast
11%GDP growth last year

The most optimistic assessments are provided by the National Bank of the Kyrgyz Republic and the Eurasian Development Bank (headquartered in Almaty). At the same time, the Ministry of Finance and the European Bank for Reconstruction and Development (based in London) maintain more cautious forecasts.

Development Drivers

According to the Eurasian Development Bank, the key stimulus will be the state investment program. The implementation of large-scale infrastructure projects will support economic activity.

200 projects planned for implementation

The Government intends to implement a number of projects in energy and tourism by 2030.

In short: while it is difficult to call the forecasts optimistic for now, there are definitely positive notes in them.