Current Account in Kyrgyzstan
Kyrgyzstan - Current Account (billions of U.S. Dollars)
Despite an improvement from Q2, available data suggests that the economy contracted markedly again in Q3, as the health crisis continued to subdue domestic and foreign activity. The crucial mining sector was among the hardest hit, with fossil fuel extraction plunging in the quarter, while the hospitality industry contracted heavily again. In other news, widespread protests following the 4 October general elections forced authorities to annul the results and prompted the resignation of President Sooronbai Jeenbekov on 15 October. Meanwhile, supported by protesters, Sadyr Japarov was sworn in as prime minister on 28 October, also claiming temporary presidential powers. The next parliamentary elections are expected to take place in the first half of 2021. That said, the country’s renewed political instability is likely to hinder the recovery in Q4.Kyrgyzstan - Current Account (USD bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -1.1 | -0.8 | -0.5 | -1.0 | -0.8 |
Kyrgyzstan Current Account (USD bn) Chart
Source: National Bank of the Kyrgyz Republic
Kyrgyzstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 69.66 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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