Kazakh news resources publish materials emphasizing that while Kazakhstan strives to enter the top 50 best economies in the world, Kyrgyzstan has already secured a place among the five leaders. An article posted on the inbusiness.kz website presents forecasts from international organizations analyzing the economic situation in Kyrgyzstan.
This analytical review compares the economic conditions created by the governments of Kyrgyzstan and Kazakhstan. According to the publication, by 2025, Kyrgyzstan has every chance of being among the five countries with the highest economic growth rates.
According to forecasts, from January to September 2025, Kyrgyzstan's gross domestic product is expected to grow by 10%, reaching 1 trillion 240.5 billion soms (approximately 7.5 trillion tenge). The World Bank also suggests that by the end of the year, growth could reach 10.3%, which is one of the best indicators in the global context.
The economic growth of Kyrgyzstan is driven by strong domestic demand, active development of the service sector, high levels of construction, and record prices for gold. Unlike Kazakhstan, whose economy depends on oil, Kyrgyzstan demonstrates greater diversification, with key sectors being services, manufacturing, and agriculture, which respond more quickly to changes in the global economy.
The government of Kyrgyzstan is also implementing a softer tax policy, reducing value-added tax rates for entrepreneurs and agricultural producers until 2030. This helps keep prices stable and enhances the competitiveness of Kyrgyz products in the international arena.
Inflation in Kyrgyzstan is decreasing—from 9.4% in August to 8.4% in October—while in Kazakhstan it reached 12.6%. The National Bank of Kyrgyzstan maintains the key interest rate at 9.25%, which facilitates access to loans for the population. In Kazakhstan, on the contrary, the base rate is 18%, causing many banks to refuse mortgage lending.
Analysts note that Kyrgyzstan has managed to find a balance between controlling inflation and supporting business. Thanks to the flexibility of its economy and open policies, as well as the growth of non-raw material sectors, the republic has the potential to become the "new economic miracle of the Kyrgyz snow leopard," outpacing neighboring countries in terms of growth rates and stability, as stated in the inbusiness.kz material.
For more details, you can read the material here.
