Published
06/21/2025, 09:01In the first four months of 2025, Kyrgyzstan showed the best economic growth among the Eurasian Economic Union countries, combining high growth rates with minimal price increases.
In January–April 2025, Kyrgyzstan's GDP increased by 13.1%, which was the highest among the EAEU countries. For comparison, growth in Kazakhstan was 5.6%, in Armenia – 5.2%, and in Russia – only 1.4%.
Against this backdrop, industrial production stands out, growing by 14.5%—also the best result among the union partners. However, the key driver of the economy was investment in fixed capital, which increased by 90.6%.
This is almost 10 times higher than in Russia (8.7%) and 14 times higher than in Kazakhstan (6.3%).
The growth in the construction sector is no less impressive. The volume of work completed increased 2.7 times, making Kyrgyzstan an exception even among the region's fast-growing economies.
While in the EAEU countries, growing indicators are often accompanied by inflation spikes, Kyrgyzstan has managed to maintain price stability. The consumer price index was 102.2%, making it the lowest among the union countries. For example, inflation reached 103.1% in Russia, 103.8% in Belarus, and 105.1% in Kazakhstan during the same period. At the same time, only Kyrgyzstan and Russia showed a decline in producer prices, by 0.1% and 1.5%, respectively.
The agricultural sector was also affected. Agriculture grew by 2.8%, exceeding the EAEU average (2.1%). Freight turnover increased by 10.3%, second only to Kazakhstan (14.3%) and against the backdrop of a decline in this indicator in other countries in the region.
The picture of steady growth is complemented by retail trade, where Kyrgyzstan demonstrated an increase of 18.2%, significantly outperforming Russia, Kazakhstan, Armenia, and Belarus.
