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Size of shadow economy of Kyrgyzstan reaches 23.6 percent of GDP

The size of non-observed (hidden and informal) economy in the sphere of production in 2017 amounted to 125.2 billion soms, or 23.6 percent of Kyrgyzstan’s GDP. The National Statistical Committee of Kyrgyzstan says.

According to it, the decline in the share of the non-observed economy to GDP was recorded in the wholesale and retail trade and the repair of cars and motorcycles — from 16.4 to 16.1 percent. The shadow economy is the highest in this sector.

The indicators in construction (from 1.9 to 1.7 percent) and manufacturing industries (from 1.5 to 1.4 percent) decreased. The share of the shadow economy in transport and cargo protection remained the same — 1.9 percent.

In 2018, at the request of the government, the European Bank for Reconstruction and Development (EBRD) hired an international company PricewaterhouseCoopers (PwC). It should conduct a large study and determine the real size of the shadow economy in Kyrgyzstan.