Kyrgyz GDP in January-April drops by 6.8 percent

Kyrgyzstan Materials 10 May 2012 19:03 (UTC +04:00)

The GDP in Kyrgyzstan has fallen by 6.8 percent in January-April 2012, the Kyrgyz National Statistics Committee (NSC) said on Thursday, KirTAG reports.

According to the data for January-April 2012, the GDP, according to NSC preliminary estimates, amounted to 70.2 billion soums, where the decline in GDP was 6.8 percent (93.2 percent), compared to the real growth of 3 percent in January-April 2011.

"Without taking into account companies developing the Kumtor field, real GDP growth was 103.7 percent, while during the relevant period in 2011 the same figure was 103.4 percent. GDP deflator was at the level of 115.1 percent," a statement said.

According to the NSC, the reduction in the economic growth by 6.8 percent, as in previous periods, is due to a significant reduction in industrial production in the metallurgical sector.