BISHKEK, Kyrgyzstan, May 7. The Eurasian Fund for Stabilization and Development (EFSD) expects Kyrgyzstan's GDP to amount to $14.8 billion in 2024, Trend reports.
The national income will hit $17.1 billion in 2026 and $15.8
billion in 2025, based on the fund's predictions.
For its part, analysts predict that real GDP will expand by 4.8
percent in 2024, 4.6 percent tin 205, and 4.0 percent in 2026.
At the end of 2023, Kyrgyzstan's economic growth slowed to 6.2 percent, down from 9 percent in 2022. The main contributors to this growth were exports (primarily due to the resumption of gold exports) and consumer demand. Consumer activity was supported by an increase in wages (+23.6 percent year-on-year) and consumer lending (+68.8 percent year-on-year).
According to the country's State Statistical Committee, Kyrgyzstan's GDP surpassed a historical high of 1.2 trillion soms ($13.4 billion) in 2023. Notably, Kyrgyzstan's GDP amounted to approximately 342 billion soms ($3.87 billion) from January through April 2024, with a growth rate of 7.4 percent.