Kyrgyzstan's National Statistical Committee reported robust economic growth for the first seven months of 2024. According to Deputy Chairman Zainidin Zhumaliev, the country's GDP exceeded KGS 677bn ($7.9bn), marking an 8.7% increase compared to the same period last year.
Key economic sectors also demonstrated significant progress. Industrial production saw a 6.4% rise, driven by increased mineral extraction and advancements in manufacturing. Agriculture grew by 5.1%, reflecting a positive trend in the sector's performance.
Trade and services expanded by 7.3%, highlighting a rebound in consumer demand and business activities. Additionally, fixed capital investments surged by 9.2%, signaling strengthened business confidence in Kyrgyzstan's economic outlook.
These figures underscore a stable and favorable economic environment, positioning Kyrgyzstan for continued development and sustainable economic progress.
Looking ahead, Kyrgyzstan has set economic targets, aiming for a GDP of $30bn by 2030 and $200bn by 2050, according to Akylbek Zhaparov, Chairman of the Cabinet of Ministers and Head of the Presidential Administration.
Speaking at a recent board meeting of the Zhaparov discussed the importance of adopting new approaches. He also mentioned the potential for a state program to develop skills, especially among the younger generation.
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