GDP, current $ billion
GDP per capita, current $
Life Expectancy at Birth, years (2018)
The Kyrgyz Republic is a land-locked, lower-middle-income country of 6.5 million people. It has rich endowments, including minerals, forests, arable land, and pastures, and there is significant potential 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 first elected under this constitution served a full six-year term. Following peaceful elections, President Sooronbai Jeenbekov took office in November 2017. The coalition government is accountable to the parliament.
The economy is vulnerable to external shocks owing to its reliance on one gold mine, Kumtor, which accounts for about 8 percent of GDP, and on worker remittances, equivalent to about 28 percent of GDP in 2019.
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.