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In 2018, after a decline in the first half of the year, the economic development of Kyrgyzstan was formed in a positive way. The GDP grew by 3.5% and amounted to 557 billion soms. Excluding enterprises developing Kumtor deposit, the real GDP growth rate was also 3.5%.

Economic growth is reflected in all sectors of the economy: in agriculture, the volume actually increased by 2.7%, construction – by 7.8%, services – by 2.1%, industry – by 5.5%. The gross output of trade in January-December 2018 amounted to 160.6 billion soms; an increase compared to 2017 amounted to 5.1%.

Besides, the foreign trade turnover during January – November 2018 amounted to $5.9 billion and increased by 6.2% compared.

Last year, 555 new enterprises were created in different regions of the country and 6,735 workplaces were created. The average salary was 16 thousand 218 soms, which is 3.5 times more than the subsistence minimum. The subsistence minimum is 4 thousand 792 soms, and the average pension is 5 thousand 586 soms.

© 2019 Embassy of Kyrgyz Republic in New Delhi, India