GDP, current US$ billion
GDP per capita, current US$
Life Expectancy at Birth, years (2016)
The Kyrgyz Republic is a land-locked, lower-middle-income country of 6.2 million people. It has rich endowments, including arable land (7% of the country), pasture land (48%), and substantial forests and minerals, and there is substantial room for the expansion of its agriculture sector, hydroelectricity production, and tourism industry.
The country has experienced instability since independence in 1991. Corruption and nepotism were major stress factors underlying political and social upheavals in 2005 and 2010. To prevent the concentration of power, a parliamentary constitution with elaborate checks and balances was adopted in late 2010, making the Kyrgyz Republic the only Central Asian country in which the president is limited to a single term.
The president elected under this constitution served a full six-year term. Following peaceful elections, a successor took office in November 2017. A new coalition Government—accountable to the parliament—has embarked on an ambitious reform agenda.
The economy is vulnerable to external shocks owing to its reliance on one gold mine, Kumtor, which accounts for about 10% of GDP, and on worker remittances, equivalent to about 27% of GDP in 2017.
To realize the country’s potential, economic activities need to be diversified through increased private sector development and improved occupational skills and productivity in the young labor force.