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IMF modestly improves projections for Kyrgyzstan's GDP

Kyrgyzstan Materials 16 April 2024 17:36 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, April 16. The International Monetary Fund (IMF) anticipates that Kyrgyzstan's real GDP growth will reach 4.4 percent in 2024, Trend reports.

This amount rose by 0.1 percentage point from the 4.3 percent projected in the IMF's October economic forecast. GDP is predicted to drop to 4.2 percent in 2025.

Meanwhile, the World Bank (WB) predicts a slightly higher GDP growth rate for Kyrgyzstan, reaching 4.5 percent in 2024. However, the World Bank predicts a 4.2 percent drop in 2025 and a further 4% drop in 2026.

Additionally, preliminary estimates from Kyrgyzstan's State Statistical Committee suggest that the country's GDP reached 248.8 billion soms ($2.791 billion) from January through March 2024, increasing by 8.8 percent compared to the same period last year.

Kyrgyzstan's GDP exceeded 1.2 trillion soms ($13.4 billion) in 2023, which is a 6.2 percent increase from 2022.

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