The economy of Kyrgyzstan demonstrates steady growth. The Chairman of the Cabinet of Ministers Akylbek Japarov said, presenting the results of the country’s social and economic development for January-November 2024.
«For 11 months of 2024, we not only maintained, but also accelerated the pace of development, strengthening macroeconomic stability and laying a solid foundation for future growth,» he noted at a staff meeting in the presidential administration.
According to preliminary data from the National Statistical Committee, the GDP for January-November of this year amounted to 1,225.9 trillion soms, and the real growth rate reached 9 percent compared to the same period last year at 4.4 percent. Excluding enterprises developing Kumtor mine, the GDP amounted to 1,159.81 trillion soms, and the growth rate — 10.3 percent.
The main drivers of growth were a significant increase in industrial production and the development of the agro-industrial sector. A significant contribution was also made by the growth of exports and an increase in investment volumes.
The average monthly salary reached 36,000 soms with a growth rate of 12 percent.
