es 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. The economy is heavily weighted toward
gold export and a drop in output at the main Kumtor gold mine
sparked a 0.5% decline in GDP in 2002, but GDP growth bounced back
the following year. In 2005 Kyrgyzstan again experienced a decline
in GDP, this time 0.6%. The government has made steady strides in
controlling its substantial fiscal deficit, virtually balancing
revenues and expenditures in 2006. The government and international
financial institutions have been engaged in a comprehensive
medium-term poverty reduction and economic growth strategy; in 2005
Bishkek agreed to pursue much-needed tax reform and in 2006 became
eligible for the heavily indebted poor countries (HIPC) initiative.
Progress fighting corruption, further restructuring of domestic
industry, and success in attracting foreign investment are keys to
future growth.
GDP (purchasing power parity):
$10.49 billion (2006 est.)
GDP (official exchange rate):
$2.24 billion (2006 est.)
GDP - real growth rate:
2% (2006 est.)
GDP - per capita (PPP):
$2,000 (2006 est.)
GDP - composition by sector:
agriculture: 34.5%
industry: 19.5%
services: 46.1% (2006 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):
6.4% (2006 est.)
Investment (gross fixed):
15.5% of GDP (2006 est.)
Budget:
revenues: $498.3 million
expenditures: $544.8 million; including capital expenditures of $NA
(2006 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:
-4.5% (2006 est.)
Electricity - production:
14.06 billion kWh (2004)
Electricity - production by source:
fossil fuel: 7.6%
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