Minor Slowdown in Growth
The First Deputy Minister of Economy and Commerce, Choro Seitov, shared with journalists that this year an economic growth rate of 8.5-8.6% is expected. Growth is anticipated in sectors such as construction, pharmaceuticals, as well as in the light industry and automotive manufacturing.According to forecasts, by 2030, Kyrgyzstan's GDP may exceed $30 billion. In 2025, GDP already amounted to about 2 trillion soms, which is approximately $22.5 billion. At the same time, GDP per capita increased to $3,000, which is significantly higher than in 2024, when this figure was around $2,500.
Price Growth: Should We Expect It?
In the first two months of 2026, consumer prices and tariffs in Kyrgyzstan increased by 1.9% compared to December 2025, noted the Deputy Chairman of the National Statistical Committee, Bakytbek Shokenov.Tariffs for services to the population rose by 3.6%, prices for alcoholic beverages and tobacco products increased by 2.2%, food and non-alcoholic beverages became 2.1% more expensive, while non-food goods rose by 0.4%.
The highest price increases were observed for fresh vegetables and fruits, potatoes, dairy products, sausages and meat, as well as fish and sugar.
However, in the coming months, Kyrgyzstan may experience a sharper rise in prices, especially for fuel and food products. Political scientist Sheradil Baktygulov stated that the problems in the economy may be temporary, but there is a risk of price increases due to changes in the international arena.
Seitov promised that the authorities would prevent a fuel shortage in the country, pointing to active measures to prevent price increases. Russia remains the main supplier, and the authorities are confident in the stability of supplies.
In connection with the spring fieldwork, limits on the price of diesel fuel for farmers have already been established in Kyrgyzstan to control the market situation.
At the same time, the agricultural sector may face problems due to disruptions in the global fertilizer market. According to the Financial Times, conflicts in the Middle East have negatively affected urea production, which may impact prices in Kyrgyzstan.
Moreover, if major supplying countries start raising prices, this could lead to price increases in the domestic market.
Import: Growth Dynamics
Kyrgyzstan's foreign trade turnover in January 2026 amounted to $1 billion, which is 2% more compared to January of last year.Trade with the EAEU grew to $396.8 million (+11.3%), with the largest share coming from Russia (68.6%) and Kazakhstan (29%).
