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Facts and Figures

February 6, 2015

According to the international index on economic freedom, prepared by the Heritage Foundation and the Wall Street Journal, in 2013 the Kyrgyz Republic was a leading country in the region in the following criteria:

Taxation system;

Ease of doing business;

Labor market freedom;

Free trade;

Free investment activity;

Favorable financial policy of the government.

The latest index on economic freedom in the Kyrgyz Republic in 2014 can be downloaded from the attachment below.

Download the file «Index_of_Economic_Freedom_2014_KGZ.pdf»

According to the World Bank report Doing Business-2013, the Kyrgyz Republic leads the region in the following criteria:

2 - the number of procedures to start a business;

10 - the number of days that the procedures to start a business take;

12 - the number of procedures to obtain a construction permit;

142 - the number of days that the procedures to obtain a construction permit take;

5 - the number of days that the procedure to register a property takes;

10 - to what extent the rights of lenders and borrowers are protected (according to the 10-point scale).

To get more details on the economic indicators of the Kyrgyz Republic in the latest reports Doing Business 2014 and 2015, you can download the respective country profiles below.

Download the file «Doing_Business_2015_KGZ_eng.pdf»

Download the file «Doing Business_2014_KGZ_eng.pdf»

Economic indicators

The economic indicators of the Kyrgyz Republic have shown a steady growth in the recent years.

GDP of the country has raised by 3,5 times in the last 10 years. Despite the fact that financial crisis had a negative impact on the GDP in 2009, the national economy has quickly redeemed itself and continued its growth. According to official estimates, GDP of the Kyrgyz Republic will reach the mark of USD 10,9 billion in 2016.

The steady growth of the population's living standards indicates at the dynamically developing economy of the country.

Services constitute the largest share of the GDP of the Kyrgyz Republic - 47%. Equal shares of 17% each are contributed by industrial and agricultural sectors. Other sectors have a smaller share in the country's GDP.

Kyrgyz Republic is making efforts to create a favorable business-climate in the country. Due to these efforts, the amount of foreign direct investment into the country has raised by more than 3,5 times in the last 10 years.

According to official estimates, an average unemployment rate over the past 4 years has remained at 8,5%. The Government is very much interested in reducing the number of unemployed. It is predicted that the overall unemployment rate will fall to 7,1% in 2016.

For more detailed information, please download the presentation prepared by the Investment Promotion Agency under the Ministry of Economy of KR attached below.

Download the file «Investment in the KR_2014_eng.pptx»

Reference: Investment Promotion Agency under the Ministry of Economy of KR