Kyrgyzstan’s GDP reached KGS 1.2 trillion ($13.8bn) from January to November 2024, with a real growth rate of 109%, compared to 104.4% during the same period in 2023, according to preliminary data from the National Statistical Committee. The growth was driven by key sectors such as industry, agriculture, and foreign trade.
Prime Minister Akylbek Zhaparov highlighted the importance of the sustainable growth Kyrgyzstan has experienced, attributing it to the coordinated efforts of the government under the leadership of President Sadyr Japarov. He emphasized that, over the 11 months of 2024, the country not only maintained but also accelerated its pace of development, strengthening macroeconomic stability and laying a solid foundation for future growth.
“The economy of Kyrgyzstan is demonstrating sustainable growth, which is the result of the coordinated work of the government under the leadership of President Sadyr Japarov. Over the 11 months of 2024, we not only maintained, but also accelerated the pace of development, strengthening macroeconomic stability and laying a solid foundation for future growth,” said Zhaparov.
Agriculture, forestry, and fisheries saw gross output of KGS 116bn ($1.3bn), with a growth rate of 106.2%. The industrial sector’s gross output reached KGS 205 billion, marking a 104.5% growth rate. Mining stood at KGS 22.4bn ($258mn), with a growth rate of 101.8%.
The construction sector saw a significant jump, with gross output of KGS 90.4bn ($1bn), a 132.6% growth rate. Wholesale and retail trade reached a total volume of KGS 188.9bn ($2.2bn), showing a growth rate of 115.1%.
Foreign and mutual trade totaled $13.4bn, with an increase of 106.4%. Notably, exports grew by 125.2%, reaching $3.1bn, whereas, imports totaled $10.3bn, with a growth rate of 101.8%.
Zhaparov credited the growth to a combination of factors, including increased industrial and agricultural production, as well as rising exports and investments.
“Our main task today is to strengthen the contribution of the real sector of the economy, continue attracting foreign investment, and ensure their successful integration into strategically important industries,” Zhaparov remarked. “We are firmly convinced that 2025 will be an even more successful stage in the implementation of our ambitious goals. Kyrgyzstan is moving forward, confidently overcoming challenges and creating conditions for sustainable and inclusive economic growth,” he concluded.
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