AEIR 2019/2020

GDP growth accelerated to 4.5% in 2019 from 3.8% in 2018 on steady growth in gold production and robust manufacturing. On the demand side, growth was supported by higher public investment and higher private consumption due to increased wages in public schools and hospitals. Inflation slowed to 1.1% in 2019 from 1.5% in 2018, with prices held down by a 0.3% Kyrgyz som appreciation against the US dollar. The fiscal deficit narrowed to 0.1% of GDP in 2019 and external government debt fell to 44.8% of GDP by end-2019 from 48.0% in end-2018. The current account deficit narrowed to 10.0% of GDP in 2019. GDP is forecast to grow by 4.0% in 2020. While the COVID-19 impact could benefit gold exports, import-dependent industries could suffer. Economic growth should recover to 4.5% in 2021.

Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Broad Money Growth 1 11.0 (Feb16)11.0 12.1
Headline Inflation Rate 2 5.9 (Jun20)7.2 0.9
Industrial/ Manufacturing Production Growth Rate 2 1.7 (Jun20)12.6 34.4
Merchandise Export Growth 2 -10.8 (May20)-10.8 10.9
Exchange Rate Index 3 187.7 (Jul20)180.8 169.1
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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