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Kyrgyz Prime Minister Japarov Announces Strong Economic Growth Surpassing 7%

in Economy / Kyrgyzstan - by


At a meeting of the presidential administration's collegium, Prime Minister Akylbek Japarov announced that the pace of economic growth currently exceeds 7 percent.

According to him, the growth rate in 2021 was 5.5 percent, in 2022 - 9 percent, and in 2023 - 6.2 percent. "This indicates that the economy is gradually adapting to the current post-COVID and geopolitical situation and is moving towards sustainable development," said Akylbek Japarov.

He noted that last year, economic growth was ensured by all sectors of the economy: the volume of production in construction - by 10.3 percent, in the services sector - by 6.2 percent, in industry - by 2.7 percent, and in agriculture, growth was 0.6 percent.

GDP per capita, according to the Prime Minister, amounted to almost $2,000. "The International Monetary Fund has revised its forecast for our country's economic growth. The World Bank has also improved its forecast for the economy of the Kyrgyz Republic," stated Akylbek Japarov.