Economic growth

In 2006, the real GDP of the Kyrgyz Republic grew 2.7%, reversing the contraction of the prior year. The structure of the country’s economy continued its gradual shift to that seen in Western economies standards, with declining relative importance of agriculture and growth in trade, tourism and other service-based industries.

Trade alone accounted for nearly 20% of the GDP, and while tourism only represented 3.5% of the GDP, the industry saw significant growth. In 2006 the Kyrgyz Republic welcomed over a million tourists, which is a considerable number for a nation with the total population of only 5.1 million people.

The country’s inflation rate decreased to a moderate 5.1%, one of the lowest amongst the CIS economies. Real wages rose 17.1%, with average per capita wages increasing to 3,059 soms per month, while the basic consumer basket of goods was valued at 2,401 soms. Foreign trade rose by 43.8% to USD2.4 bln.

	mln soms
	2002	2003	2004	2005	2006
GDP Total 11	1 75 366,7	83 871,6	94 350,7	100 115,5	113 175,6
Agriculture	25 920,0	28 198,3	28 214,0	30 567,0	32 760,7
Mineral resource industry	362,8	409,5	609,7	497,9	606,7
Manufacturing industry	9 834,2	11 133,4	14 459,5	12 601,5	12 787,9
Production and distribution of electricity, gas and water	3 287,2	2 988,7	3 075,6	3 056,7	3 465,2
Construction industry	2 579,2	2 446,6	2 319,3	2 540,4	3 105,8
Trade	10 752,9	12 725,4	15 072,5	17 816,6	21 863,2
Transport and communication	3 845,4	4 514,0	6 045,1	6 815,7	7 036,8
Financial services	489,8	501,1	549,6	645,6	515,6
Real estate	2 307,3	2 353,3	2 514,5	2 547,3	3 155,8
Other	15 978,8	18 600,0	21 489,9	23 025,9	27 877,1