Asian Development Bank and Kyrgyz Republic: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Kyrgyz Republic as well as concise information on ADB's operations in the country and contact information. In 2007, despite a still challenging political environment, the economy grew at about 8.2%, driven mainly by services and construction, which benefited from a surge in aggregate demand due to rising real incomes, remittances, and capital flows. However, the Kumtor gold mine—the largest single contributor to gross domestic product (GDP)—has not fully recovered from an accident in July 2007 and, as a result, its performance continued to adversely affect the economy. Inflation also accelerated in 2007, driven by the rising cost of staple foods, which weighed heavily on the poor who represent about 40% of the population.