Asia > Kyrgyzstan > Economy

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Agriculture > products tobacco, cotton, potatoes, vegetables, grapes, fruits and berries; sheep, goats, cattle, wool
Aid as % of GDP	16.5%		[15th of 129]
Debt > External	$2,966,000,000.00		[107th of 136]
Distribution of family income > Gini index	30.3		[32nd of 43]
Economic freedom	1.65		[111st of 156]
Economy > Overview 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.
Exchange rates soms per US dollar - 42.65 (2004), 43.648 (2003), 46.937 (2002), 48.378 (2001), 47.704 (2000)
Exports	$1,337,000,000.00		[130th of 189]
GDP	$2,694,657,000.00		[131st of 203]
GDP > PPP	$9,834,000,000.00		[124th of 163]
GDP > Real growth rate	8.2%		[30th of 198]
GDP growth > annual %	-0.6 annual %		[167th of 187]
GINI index	30.31		[32nd of 40]
Gross National Income	$1,380,570,000.00		[134th of 172]
Human Development Index	0.702		[110th of 178]
Income category	Low income
Income distribution > Poorest 10%	3.2%		[27th of 114]
Income distribution > Richest 10%	27.2%		[77th of 114]
Population below poverty line	40%		[20th of 46]
Research and development spending	0.2%		[57th of 69]

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