Kyrgyzstan GDP Growth Eases Slightly to 11.0% in January–August

Kyrgyzstan’s GDP grew 8.8% year-on-year in January–February 2026, marking the slowest pace of expansion since mid-2024 and slowing from a 10.9% gain during the same period last year. Despite the slowdown, the economy has continued to expand since late 2021, primarily driven by industrial production, which surged 14.7%, supported by the production of base metals and metal ore. Other key sectors also recorded growth, including construction (23.2%) and agriculture, forestry, and fisheries (2.6%). Moreover, domestic demand remained a key driver of economic momentum, with wholesale and retail trade and vehicle repair services up 11.4%, and hotels and restaurants rising 13.2%. Investment activity also showed solid momentum, expanding 8.4%. The Eurasian Development Bank projects that Kyrgyzstan’s GDP could expand by as much as 9.3% by the end of 2026, provided industrial production and investment continue at their current pace.

Kyrgyzstan’s GDP grew 9.0% year-on-year in January 2026, driven by commodity production, services, and net taxes on products. Goods-producing industries rose 11.8%, with industry up 12.5%, construction 25.7%, and agriculture, forestry, and fishing 3.5%. Within industry, mining grew 37.7%, manufacturing 12.0%, electricity, gas, and steam supply 0.7%, and water, waste, and recycling 13.8%. Services rose 8.9%, led by trade and vehicle repair (+17.4%), transportation and storage (+1.7%), hotels and restaurants (+10.9%), information and communications (+3.8%), and other services (+6.2%). Net taxes on products increased 5.4%. The broad-based expansion across sectors, including agriculture, industry, construction, trade, hotels and restaurants, and transportation and communications, together accounts for 55% of GDP.

Kyrgyzstan’s GDP expanded 11.1% year-on-year in January–December 2025, accelerating from 10.2% growth in January–November but moderating from 11.5% recorded in the same period last year. The expansion was driven by the services sector, which accounts for more than half of the economy, growing 10.9%. Key contributors included wholesale and retail trade and vehicle repair (+20.9%), transportation and storage (+11.7%), and other service activities (+4.8%). The production sectors also posted robust growth at 10.9%, contributing 34.4% of GDP, with notable gains in mining (+10.7%), manufacturing (+9.8%), construction (+21.1%), and agriculture (+2.2%). Meanwhile, net taxes on products rose 12.1% year-on-year, accounting for 14.4% of GDP, further supporting the overall expansion.