The socio-economic situation of the Kyrgyz Republic contains an analysis of the country's economic condition in January-June 2014 based on operational data, including the real, state, financial, external, and social sectors. Detailed statistical tables are provided in the appendices.
Sectoral Overview
As of July 1, 2014, there were 598.9 thousand active economic entities in the territory of the Kyrgyz Republic, including both legal entities and individuals. Compared to the same date of the previous year, their number increased by 5.9 percent.
Among the total number of active economic entities, those with private ownership form the majority (about 98 percent). The largest share (63.7 percent) belongs to economic entities engaged in agriculture, forestry, and fishing.
The structure of economic entities is dominated by peasant (farm) households and individual entrepreneurs.
The share of legal entities in the total number of active economic entities was 4.4 percent, or 26.4 thousand units. A significant portion (79 percent) of active legal entities belongs to small economic entities, of which 43.5 percent are registered in Bishkek. The share of medium and large economic entities was 14.2 and 6.8 percent, respectively.
Real Sector
The gross domestic product (GDP), calculated by the production method, was estimated at 151.7 billion soms in January-June 2014, which is an increase of 4.1 percent compared to January-June 2013. Excluding enterprises engaged in the development of the Kumtor deposit, the growth of real GDP was 3.7 percent. The GDP per capita amounted to 27.4 thousand soms, which is a 2 percent increase compared to the corresponding period of the previous year.
In the structure of nominal GDP, the share of industries producing goods increased by 0.3 percent to 32.4 percent. At the same time, the share of agriculture decreased by 0.1 percent to 10.8 percent, and the share of industry decreased by 0.5 percent to 14.8 percent, while the share of construction increased by 0.9 percent to 6.8 percent.
The share of service sectors decreased by 0.2 percent to 52.5 percent. Meanwhile, the share of wholesale and retail trade; repair of cars and motorcycles increased by 0.4 percent to 15.9 percent, transport activities and storage of goods increased by 0.3 and 5.8 percent, while the share of information and communication decreased by 0.1 percent to 5.9 percent.
The GDP growth was mainly driven by the manufacturing industry (20.8 percent of total GDP growth), construction (26.7 percent), trade (16.4 percent), and information and communication (9.3 percent).
The GDP deflator (composite price index of all sectors of the economy) in January-June 2014 compared to January-June 2013 was 104.6 percent. Meanwhile, the consumer price index was 106.3 percent, and the producer price index for industrial products was 96.8 percent.
The gross domestic product (GDP), calculated by the final use method (expenditures), for Q1 2014, according to preliminary data, amounted to 67,660.2 million soms and increased in real terms by 5.6 percent compared to the level of the corresponding period of the previous year.
The GDP growth was driven by an increase in household final consumption expenditures, which amounted to 70,454.3 million soms, representing a 6.1 percent increase compared to the same period last year.
Gross accumulation in January-March of this year amounted to 25,191.3 million soms, an increase of 22.3 percent compared to the same period in 2013.
The share of net exports of goods and services during this period was -62.1 percent of GDP (-58.7 percent for the corresponding period in 2013).
Source: National Statistical Committee of the Kyrgyz Republic, Department of Consolidated Work and Distribution of Statistical Information.