BISHKEK, Kyrgyzstan, July 31. Kyrgyzstan’s economy is demonstrating steady growth, Chairman of the Cabinet of Ministers Akylbek Japarov said at a meeting of the Presidential Administration board, Trend reports.
Japarov reported that the average GDP growth rate for 2023 was 7 percent, and according to the National Statistical Committee, growth reached 8.1 percent in the first half of 2024, totaling 559 billion soms ($6.652 billion).
He noted that, excluding the Kumtor gold mine, the national economy grew by 9.9 percent.
"Previously, economic growth was closely tied to Kumtor. However, we are now seeing growth even without Kumtor, which can be considered a historic achievement. In 2023, we surpassed a historic milestone, with the country's GDP reaching 1.229 trillion soms ($13.981 billion), significantly higher than in previous years," Japarov said.
He also mentioned that inflation in the first half of 2024 was 2.4 percent.
Japarov emphasized that the current situation in the country creates favorable conditions for economic development and highlighted the need to seize this opportunity.