Kyrgyzstan Economic Outlook
February 6, 2018Recently released government data revealed that the economy grew at a robust rate of 4.5% in 2017, picking up pace from the previous three years. According to the data, it was primarily driven by a strong manufacturing sector and solid fixed investment growth. Led by the thriving mining sector, the manufacturing sector picked up pace from 2016, growing at a solid pace in 2017. The mining sector was buoyed by robust output at the Kumtor gold mine. Fixed investment, primarily in infrastructure, is likely to continue its strong performance in 2018, as China eyes investments in Central Asia as part of its One Belt One Road Initiative.
Kyrgyzstan Economic GrowthAmendments to the Water Code, added in November 2017, will allow for further development at the Kumtor mine and should buttress the growth momentum in Kyrgyzstan. Fixed investment is also expected to boost economic growth, while the external sector is likely to benefit from the upswing in the global economy. FocusEconomics Consensus Forecast panelists project GDP growth of 3.9% in 2018, unchanged from last month’s estimate, and 4.7% in 2019.
Kyrgyzstan Economy Data
5 years of Kyrgyzstan economic forecasts for more than 30 economic indicators.
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|Exchange Rate||68.05||0.0 %||Feb 20|
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