The main factors contributing to GDP growth are the sectors of commodity production, services, and net taxes on products.
The largest contributions to economic growth in January came from the increase in the production of wooden and paper products, as well as printing products (by 1.8 times), rubber, plastics, and construction materials (by 1.7 times), as well as chemical products (by 38.9%).
- 24.kg conducts an analysis of data provided by the National Statistical Committee. However, it should be noted that full compliance of this data with the real economic situation in the country cannot always be guaranteed, as alternative sources of information are absent.
Overall Gross Product
When calculating changes in GDP, various factors are taken into account, such as prices, production volumes by sectors, budget revenues, and government expenditures. Kyrgyzstan is dependent on imports, which affects economic indicators, especially when converted to other currencies. This article uses official data in soms.
In the structure of GDP, the share of the services sector was 52.3%, commodity production was 30.7%, and net taxes on products were 17%.
Industrial Sector
The volume of industrial production in January 2026 reached 69 billion 831.1 million soms, which is 12.6% more compared to the previous year. This increase occurred due to growth in the following sectors:
- wooden and paper products, printing — by 1.8 times;
- rubber, plastics, and construction materials — by 1.7 times;
- chemical products — by 38.9%;
- mineral extraction — by 37.7%;
- vehicles — by 36.1%;
- refined petroleum products — by 21.1%;
- food products and tobacco — by 13.6%;
- pharmaceutical products — by 8.9%;
- basic metals — by 6%.
The construction sector shows positive dynamics — the growth in production volumes was 25.7%. Wholesale and retail trade also increased by 21.1%, the services sector in hotels and restaurants by 10.3%, and freight transportation by 9.4%.
However, in the textile and garment industry, production volumes decreased by 8.5%.
In the energy supply sector, growth was 0.7%, which is related to the increase in electricity and fuel distribution through gas supply.
In the water supply and waste processing sectors, there was a growth of 13.8%, mainly due to improvements in water collection and distribution.
Investments in Fixed Capital
The volume of investments in fixed capital increased by 17.9% compared to January 2025, which is associated with a 14.8% growth in domestic funding sources. External investments increased by 1.6 times, reaching 6 billion 25.4 million soms.
The majority of investments in January 2026 (about 90%) were directed towards housing construction, water supply, waste treatment and processing, energy supply, manufacturing, education, hotels, and restaurants.
Economic Forecasts
According to leading international financial institutions, the economy of Kyrgyzstan will continue to grow in 2026, although at a slower pace compared to previous years.
The economic growth forecasts for the republic are as follows:
- 4.5% — International Monetary Fund;
- 6.5% — World Bank;
- 9.3% — Eurasian Development Bank.
Experts believe that the main driving forces will remain the services sector, construction, and the gradual recovery of industry.
According to the forecast of senior economist of the World Bank Bakyt Dubashov, the economy of the Kyrgyz Republic will grow due to domestic demand, investments, and government spending.
However, among the key issues remains inflation, which at the end of 2025 amounted to 9.4%, exceeding the National Bank's target range of 5-7%.
Experts from the Asian Development Bank (ADB) believe that stabilizing prices may be supported by the tight monetary policy of the National Bank and the normalization of supply chains.
Additionally, risks include a high dependence on the external economic situation of major trading partners, fluctuations in gold prices, and climate challenges affecting agriculture.
