BISHKEK, Kyrgyzstan, July 17. Kyrgyzstan's economic growth demonstrates sustainable development, said Chairman of the Cabinet of Ministers Akylbek Japarov, Trend reports.
"The economic growth of Kyrgyzstan demonstrates sustainable development. The average GDP growth rate in 2023 was 7 percent, and in the first quarter of 2024, the economic growth rate accelerated to 8.8 percent," he noted at a government meeting.
According to Japarov, in the first half of 2024, economic growth was 8.1 percent, and excluding the Kumtor deposit, it was 9.9 percent. The GDP amounted to more than 559 billion soms (about $6.5 billion).
"This year will mark the beginning of significant changes. In other words, we hope to achieve as much success as the East Asian countries known as the Asian Tigers. If their success is known as the 'tiger's leap', then we want to move forward with the 'leopard's leap'," he added.
It is noteworthy that Kyrgyzstan's GDP surpassed a historical high of 1.2 trillion soms ($13.4 billion) in 2023, with a growth rate of 6.2 percent.