The EBRD forecasts that Kyrgyzstan's economy will grow by 8.7% in 2026

Kyrgyzstan’s economy could grow by 8.7% by the end of 2026 and by another 7% in 2027. The European Bank for Reconstruction and Development presented this forecast in its latest regional economic outlook.

According to the bank’s estimates, Kyrgyzstan’s real GDP grew by 11.1% year-over-year in January–July 2026. One of the main factors was high investment activity. A significant portion of fixed capital investments was directed toward transportation, mining, and energy infrastructure projects.

High growth rates were also sustained in the construction and manufacturing sectors. Kyrgyzstan, along with Tajikistan and Uzbekistan, was among the countries in the region with the fastest economic growth in the first half of the year.

At the same time, the EBRD points out certain risks. For Kyrgyzstan, these risks are primarily linked to its dependence on Russia as a source of remittances and fuel supplies. Potential disruptions in supplies and a deterioration in external conditions could slow economic growth.

Overall, the EBRD forecasts that the economies of Central Asia and Mongolia will grow by 5.8% in 2026 and 5.3% in 2027. Among the key external risks, the bank cites high global energy prices, disruptions in Russian fuel supplies and trade routes, weakening demand from major trading partners, and falling commodity prices.

By comparison, the EBRD expects Kazakhstan’s economy to grow by 4.7% in 2026, Mongolia’s by 6.3%, Tajikistan’s by 7.9%, Turkmenistan’s by 6.3%, and Uzbekistan’s by 7.5%.