The National Statistical Committee summarized the results of the development of the Kyrgyz economy in the first three months of 2017. The results are quite optimistic. Negative dynamics of last year changed to a positive trend.
Real growth or low base for comparison?
According to the preliminary results of the first quarter, the volume of GDP in
Without taking into account the enterprises developing Kumtor mine, the GDP amounted to 75, 997.5 billion soms, increasing by 3.9 percent compared to 2016 and by 0.5 percent compared to 2015.
Industry showed not bad figures for the first three months of the year. The volume of production produced during this time is estimated at 51, 840.2 billion soms, increasing by 35.9 percent as compared to 2016. But compared to the first quarter of 2015, the figures are not so bright: drop of 24.7 percent.
Without taking into account the enterprises developing Kumtor mine, the picture is slightly better. The volume of production amounted to 30, 29.2 billion soms with an increase of 23.8 percent compared to 2016 and a fall of 2.5 percent compared to 2015.
The National Statistical Committee noted that the growth was caused by an increase in the extraction of metal ores (4.3 times), production of basic metals (by 50.6%), the production of refined petroleum products (by 45.9%), clothing (by 31.9%), food products (by 37 percent).
At present, Chui (42.8%) and
Not enough money for cabbage
The revival in the economic life of the country had an impact on inflation. In the first quarter, the price increase in
The largest increase in prices was registered in
Export less gold
In the first two months of the year, the number of export shipments decreased by 2.8 percent. The National Statistical Committee associated this with a reduction in supplies of nonmonetary gold by half, ores and slags - by 30.5 percent. At the same time, the supply of fruit (3.8 times), glass (2.6 times), ferrous metals (1.5 times) increased.
The volume of trade with the EEU countries in
We began to import more dried fruits (8.4 times), cotton fiber (3 times) and glass (2.4 times) to Russia. We export more milk and condensed cream (2.8 times), confectionery products (2.3 times) and dried fruits (2.4 times) to Kazakhstan.