BISHKEK, Kyrgyzstan, September 19. The Ministry of Finance of Kyrgyzstan has forecasted the growth of agricultural output in the country to be at 2.5 percent in 2024, Trend reports.
Similar growth level of 2.5 percent is also expected in 2025, while growth at 2.7 percent projected for 2026.
This anticipated growth is attributed to increased crop production across various crop types, with growth rates of 2.3 percent in 2024, 2.5 percent in 2025, and 2.8 percent in 2026.
Furthermore, in the livestock sector, a growth rate is foreseen at 2.9 percent in 2024, 2.7 percent in 2025, and 2.6 percent in 2026, driven by increased production of meat, milk, eggs, and wool.
Favorable conditions identified by the Ministry for the growth of agriculture are:
The implementation of cluster-based farming methods within the agro-industrial complex;
Continuing government support for agricultural producers through existing credit and leasing programs;
Ensuring the livestock industry has an ample supply of high-quality feed;
Establishing trade and logistics centers to efficiently manage the movement of goods;
Adoption of advanced agricultural cultivation technologies.
The growth in agricultural production, along with growth in the industrial sector, services sector, and construction sector, contributes to the overall GDP growth in the country.
The Ministry expects that the real GDP growth rate in Kyrgyzstan will reach 5 percent in 2024, at 4.7 percent in 2025 and 4.3 percent in 2026.