GDP, current $ billion
GDP per capita, current $
Life Expectancy at Birth, years
The Kyrgyz Republic is a land-locked, lower-middle-income country. It has rich endowments, including minerals, forests, arable land, and pastures, and has significant potential for the expansion of its agriculture sector, hydroelectricity production, and tourism industry.
The Kyrgyz economy is vulnerable to external shocks owing to its heavy dependence on remittances (27 percent of GDP) and gold exports (9 percent of GDP). Strong and sustainable economic growth requires institutional strengthening and policies to develop the private sector, spur international trade, and encourage fiscally sustainable energy production.
The country has experienced instability since its independence in 1991. Corruption and nepotism were major stress factors underlying revolts that deposed presidents in 2005, 2010, and 2020.
Mr. Sadyr Japarov, who came to power following political unrest in October 2020, was elected president in January 2021 with 79 percent of the vote. A referendum, held concurrently with the presidential election, reinstated presidential rule 10 years after it was abolished in favor of a parliamentary system. A new version of the constitution, expected to be adopted through a referendum in April 2021, provides for a significant increase in presidential powers. Parliamentary elections will take place in fall 2021.