Traditions of the Kyrgyz people were being formed with the help of economic, trade, domestic and other relations with kindred and other tribes that were closely related to the geography of their ha...

After the coup of 19 March 1953 in the socio-political history of Iran there were fundamental changes: the powers of parliament were limited and the absolute power of Mohammad Reza Shah Pahlavi was...

In the Middle East, Saudi Arabia and the Islamic Republic of Iran are two countries that claim to leadership in the region. With a powerful resources and political potential these countries are the...

Kyrgyzstan's GDP Surges By 6.8 Percent

Monday, June 12, 2017 - 19:45

During the first five months of 2017, Kyrgyzstan's GDP grew by 6.8 percent as compared to the same period of 2016 and amounted to about KGS153 billion in monetary terms. Press Secretary of the National Statistics Committee Boris Arabaev reported these figures on June 9. According to him, in January-May 2017, the volume of GDP (without taking into account the enterprises engaged in the development of the republic's largest gold deposit “Kumtor”) amounted to KGS136 billion, which is 2.9 percent more than the figure for January-May 2016.

 

The volume of industrial products manufactured by Kyrgyz enterprises reached KGS85 billion, which represents a growth of 34.7 percent as compared to the same period of 2016. “Such a growth of production volumes was achieved through increased production of metal ore, basic metals and refined petroleum products,” the representative of the National Statistics Committee specified.

 

According to him, during the first five months of 2017, the level of inflation in the consumer sector was 2.4 percent. “Prices for non-alcoholic beverages and food products in Kyrgyzstan increased by 4.6 percent. Since the beginning of 2017, tariffs and prices have increased for tobacco products (up by 14 percent) and services (up by 3 percent). There was a 0.6 percent decrease in prices for non-food products, and a 3.9 percent decline in prices for alcoholic beverages,” Boris Arabaev said.

 

Worth recalling, in 2016, Kyrgyzstan's GDP amounted to about KGS458 billion, which represents a GDP growth of 3.8 percent. According to official figures, the inflation rate declined by 0.5 percent.



URL of this article:
http://easttime.info/news/kyrgyzstan/kyrgyzstans-gdp-surges-68-percent