Akylbek Japarov: Kyrgyzstan's economy demonstrates unique results

A meeting of the Board of the Presidential Executive Office of the Kyrgyz Republic was held under the chairmanship of Akylbek Japarov. The press service of the Cabinet of Ministers reported.

Akylbek Japarov presented a brief report on a number of the country’s achievements over the past three years and the first half of 2024. He noted that the current situation in the country creates favorable conditions for economic development, emphasizing the need to use this opportunity.

According to the assessment of the International Republican Institute, Kyrgyzstan demonstrates unique results, in particular, support for the course of the current state authorities is 82 percent.

Akylbek Japarov

«Kyrgyzstan’s economic growth demonstrates sustainable development — the average GDP growth rate in 2023 amounted to 7 percent, and according to the National Statistical Committee, in the first half of 2024, growth was 8.1 percent, reaching a total amount of 559 billion soms,» the head of the Cabinet said.

«In 2023, we crossed a historical milestone — the country’s GDP totaled 1,229 trillion soms ($13,981 billion), which is significantly higher than the indicators of previous years. Thanks to a balanced monetary policy, inflation in January-June 2024 amounted to 2.4 percent in terms of the growth rate of consumer prices and tariffs across the country,» Akylbek Japarov said.