ed
regulatory system and land reform. Kyrgyzstan was the first CIS
country to be accepted into the World Trade Organization. With fits
and starts, inflation has been lowered to an estimated 7% in 2001,
2.1% in 2002, 4% in 2003, and 3.2% in 2004. Much of the government's
stock in enterprises has been sold. Drops in production had been
severe after the breakup of the Soviet Union in December 1991, but
by mid-1995 production began to recover and exports began to
increase. Kyrgyzstan has distinguished itself by adopting relatively
liberal economic policies. The drop in output at the Kumtor gold
mine sparked a 0.5% decline in GDP in 2002, but GDP growth bounced
back to 6% in 2003 and 2004. The government has made steady strides
in controlling its substantial fiscal deficit and aims to reduce the
deficit to 3% of GDP in 2004. The government and the international
financial institutions have been engaged in a comprehensive
medium-term poverty reduction and economic growth strategy. Further
restructuring of domestic industry and success in attracting foreign
investment are keys to future growth.
GDP (purchasing power parity):
$8.495 billion (2004 est.)
GDP - real growth rate:
6% (2004 est.)
GDP - per capita:
purchasing power parity - $1,700 (2004 est.)
GDP - composition by sector:
agriculture: 38.5%
industry: 22.8%
services: 38.7% (2004 est.)
Labor force:
2.7 million (2000)
Labor force - by occupation:
agriculture 55%, industry 15%, services 30% (2000 est.)
Unemployment rate:
18% (2004 est.)
Population below poverty line:
40% (2004 est.)
Household income or consumption by percentage share:
lowest 10%: 3.9%
highest 10%: 23.3% (2001)
Distribution of family income - Gini index:
29 (2001)
Inflation rate (consumer prices):
3.2% (2004 est.)
Investment (gross fixed):
17% of GDP (2004 est.)
Budget:
revenues: $431.3 million
expenditures: $445.4 million, including capital expenditures of NA
(2004 est.)
Agriculture - products:
tobacco, cotton, potatoes, vegetables, grapes, fruits and berries;
sheep, goats, cattle, wool
Industries:
small machinery, textiles, food processing, cement, shoes, sawn
logs, refrigerators, furniture, electric motors, gold, rare earth
metals
Industrial production growth rate:
6% (2000 est.)
Electricity - production:
11.72 billion kWh (2002)
Electricity - production by source:
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