GDP growth for 10 months of this year amounted to 5.7%

Publications: 12.11.2019

Gross domestic product in January-October 2019, according to preliminary estimates, amounted to about 455 billion soms and increased by 5.7 percent compared to January-October 2018.

Without enterprises on Kumtor developing, the volume of GDP in January-October 2019 amounted to 406 billion soms and increased by 3.3 percent.

Gross domestic product
(as a percentage of the corresponding period of the previous year)

Объем промышленной продукции составил около 224 миллиардов сомов и по сравнению с январем-октябрем 2018 года увеличился на 14,0 процента за счет роста производства основных металлов (на 31,7 процента), добычи металлических руд (на 21,6 процента), в текстильном производстве (на 20,4 процента) и производстве одежды (на 20,2 процента), сырой нефти и природного газа (13,7 процента), а также добычи угля (на 8,3 процента).

The volume of industrial production amounted to about 224 billion soms and compared with January-October 2018, it increased by 14.0 percent due to an increase in the production of basic metals (by 31.7 percent), metal mining ores (by 21.6 percent), in textile production (by 20.4 percent), as well as clothing (by 20.2 percent), production of crude oil and natural gas (13.7 percent), as well as coal (8.3 percent).

Industrial production
(as a percentage of the corresponding period of the previous year)

Positive trends were observed in agriculture, where the growth in volumes amounted to 1.8 percent, in construction - 9.4 percent, wholesale and retail trade - 4.6 percent.

В январе-октябре 2019 года (по сравнению с декабрем предыдущего года) в целом по республике повышение потребительских цен и тарифов составило 1,2 процента, что обусловлено ростом цен на пищевые продукты и безалкогольные напитки, алкогольные напитки, табачные изделия, а также тарифы на услуги.

In January-October 2019 (compared with December of the previous year), consumer prices and tariffs in the country as a whole amounted to 1.2 percent, due to higher prices for food products and soft drinks,alcoholic beverages, tobacco products, as well as services.

In January-October of this year (compared with December of the previous year), an increase in consumer prices and tariffs was observed throughout the republic. Their greatest growth (3.7 percent) since the beginning of this year recorded in the Batken region, where in comparison with other regions, prices for foodstuffs and non-alcoholic drinks increased the most (by 6.4 percent), as well as for alcoholic drinks and tobacco products (by 3.0 percent). The maximum increase in prices for non-food products was observed in Issyk-Kul oblast (1.6 percent), tariffs for services - in Naryn oblast (2.8 percent).

According to preliminary data, the foreign trade turnover of the Kyrgyz Republic in January-September 2019 amounted to 5.0 billion US dollars and decreased by 2.8 percent compared to January-September 2018, while export deliveries increased by 11.7 percent. and import revenues, by contrast, fell 7.3 percent.

The volume of mutual trade between the republic and the EAEU member states in January-September 2019 amounted to 1,960.1 million US dollars and compared with January-September 2018 decreased by 2.9 percent. At the same time, there was a decrease in both export deliveries by 3.6 percent, and import incomes - by 2.8 percent. The largest share of the republic's mutual trade with the EAEU member states was in Russia (61.4 percent) and Kazakhstan (36.4 percent).

Mutual trade of the Kyrgyz Republic with EAEU member states
(as a percentage of the corresponding period of the previous year)

Import                                                                                                        Export

In addition, the press conference participants were provided with information on the level of inflation in the consumer sector and the system of daily monitoring of prices for socially significant goods, as well as the state of the environment in the republic.