Kyrgyzstan's GDP Will Exceed Forecasts and Reach $32 Billion by 2030

Юлия Воробьева Economy
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According to the First Deputy Minister of Economy and Commerce Choro Seyitov, the economy of Kyrgyzstan is finding its strength in sustainable growth and is expected to exceed previous forecasts.

Initially, it was anticipated that by 2030, the country's GDP would reach $30 billion, but according to the latest calculations, this figure may reach $31–32 billion.

For context, by the end of 2025, Kyrgyzstan's GDP was estimated at 2 trillion soms, which corresponds to $22.5 billion, with GDP per capita amounting to $3,000.

The country's economic growth rate remains at 8.5%. The main factors contributing to this include the development of the construction sector, services, industry, and transportation.

Investments in fixed capital are showing growth in the range of 18–20 percent, thanks to large projects in the fields of energy, healthcare, and mass construction of social housing.

Last year, the inflation rate exceeded 9 percent. For this year, the target rate is set at 5.7 percent, although it may be revised. Prices are influenced by both external factors, such as logistics and global prices for oils and sugar, and internal factors, including weather conditions and crop volumes.

Choro Seyitov noted that economic growth contributes to an increase in the wage fund, which, in turn, creates pressure on prices. To control inflation, the National Bank intends to maintain the current interest rate to encourage citizens to focus more on savings rather than spending, which will help stabilize the market in times of instability.
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