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    Kyrgyzstan - Economy
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    How is the economy of Kyrgyzstan? Based on the information we have, Kyrgyzstan has a landlocked, lower-middle-income Central Asian economy; natural resource rich; growing hydroelectricity and tourism; high remittances; corruption limits investment; COVID-19 and political turmoil hurt GDP, limited public revenues, and increased spending. Key agricultural products in this country include: milk, potatoes, maize, sugar beets, wheat, barley, tomatoes, onions, watermelons, carrots/turnips (2023).
    More about the economy of Kyrgyzstan
    Labor force 3.197 million (2024 est.)
    Industrial production growth rate 9.4% (2024 est.)
    Industries small machinery, textiles, food processing, cement, shoes, lumber, refrigerators, furniture, electric motors, gold, rare earth metals
    Population below poverty line 33.3% (2021 est.)
    Taxes and other revenues 19.6% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    Currencysoms (KGS) per US dollar -
    Exchange rates 202487.15 (2024 est.)
    Exchange rates 202387.856 (2023 est.)
    Exchange rates 202284.116 (2022 est.)
    Exchange rates 202184.641 (2021 est.)
    Exchange rates 202077.346 (2020 est.)
    Debt - external
    Debt - external 2023$3.617 billion (2023 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$5.089 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$3.237 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$2.799 billion (2022 est.)
    Current account balance
    Current account balance 2022-$5.18 billion (2022 est.)
    Current account balance 2021-$737.696 million (2021 est.)
    Current account balance 2020$374.257 million (2020 est.)
    Public debt
    Public debt 202340.5% of GDP (2023 est.)
    Budget
    Revenues$4.84 billion (2023 est.)
    Expenditures$4.452 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 202318.8% of GDP (2023 est.)
    Remittances 202226.6% of GDP (2022 est.)
    Remittances 202132.6% of GDP (2021 est.)
    Household income
    Lowest 10%4.4% (2022 est.)
    Highest 10%22% (2022 est.)
    Imports
    Imports 2022$10.655 billion (2022 est.)
    Imports 2021$5.928 billion (2021 est.)
    Imports 2020$4.051 billion (2020 est.)
    Imports (partners)China 44%, Russia 12%, Kazakhstan 6%, Turkey 6%, Uzbekistan 4% (2023)
    Comodities Imports forcecars, garments, refined petroleum, fabric, footwear (2023)
    Exports
    Exports 2022$3.628 billion (2022 est.)
    Exports 2021$3.292 billion (2021 est.)
    Exports 2020$2.435 billion (2020 est.)
    Exports (partners)Switzerland 30%, Russia 19%, Kazakhstan 14%, UAE 10%, Turkey 8% (2023)
    Comodities Exports forcegold, coal, precious metal ore, refined petroleum, garments (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$50.907 billion (2024 est.)
    Real GDP (purchasing power parity) 2023$46.686 billion (2023 est.)
    Real GDP (purchasing power parity) 2022$42.826 billion (2022 est.)
    GDP (official exchange rate)$17.478 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$7,000 (2024 est.)
    Real GDP per capita 2023$6,600 (2023 est.)
    Real GDP per capita 2022$6,100 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture8.6% (2024 est.)
    Industry24.7% (2024 est.)
    Services52.1% (2024 est.)
    GDP - composition, by end use
    Household consumption88.3% (2023 est.)
    Government consumption16% (2023 est.)
    Investment in fixed capital22% (2023 est.)
    Investment in inventories12.5% (2023 est.)
    Exports of goods and services36.9% (2023 est.)
    Imports of goods and services-95.5% (2023 est.)
    Unemployment rate
    Unemployment rate 20243.3% (2024 est.)
    Unemployment rate 20234% (2023 est.)
    Unemployment rate 20224.1% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total6.8% (2024 est.)
    Male6.3% (2024 est.)
    Female7.7% (2024 est.)
    All Important Facts about Kyrgyzstan

    Want to know more about Kyrgyzstan? Check all different factbooks for Kyrgyzstan below.

    Kyrgyzstan is found in Central Asia