Kyrgyz Republic, 2018–2022—Supporting Sustainable Growth, Inclusion, and Regional Cooperation
Asian Development Bank | September 2018
The Kyrgyz Republic’s gross domestic product (GDP) per capita was $1,167 in 2017, which was on the lower end of Central Asian countries. Economic growth averaged 5.5% over 2013–2017 but was subject to sharp fluctuations because of the narrow economic base, dominated by production and exports of gold. Non-gold industries have stagnated because of low competitiveness. With the economy unable to create an adequate number of jobs in the formal sector, remittances from migrant laborers working abroad have averaged 30% of GDP since 2011. Poverty remains high at 25.4% in 2016 based on the national poverty line and uneven across the country (74% of the poor live in rural areas and 60% reside in the south). Hydropower generation is a key growth driver for the country, but annual electricity exports have fallen by more than half since the 2007 levels because of water management issues and the disrepair of generation assets and transmission and distribution systems. Other key challenges are promoting private sector development, managing the adverse effects of climate change, and reducing disaster risks. As the country is landlocked, regional cooperation and integration is a priority that needs to be developed further.
CitationAsian Development Bank. 2018. Kyrgyz Republic, 2018–2022—Supporting Sustainable Growth, Inclusion, and Regional Cooperation. © Asian Development Bank. http://hdl.handle.net/11540/8843.
Participatory Poverty Assessment
Poverty Reduction Strategy
Growth And Poverty
Low Income Groups
Socially Disadvantaged Children
Inequality of income
Quality of Life
Open price system
Consumer price indexes
Distribution of income
Rural community development
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