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Kyrgyzstan is transitioning from a consumption-based model to an investment-oriented economy
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Published

09/08/2025, 09:38

Kyrgyzstan is transitioning from a consumption-based model to an investment-oriented economy

Over the next three years, the structure of Kyrgyzstan's economy is expected to undergo significant changes. In particular, the share of consumption in GDP will decline, giving way to investment and production growth.

According to the Ministry of Finance's forecast, consumption will account for 92.2% of GDP in 2026, but by 2028 this figure will fall to 88.8%. At the same time, both private consumption and government spending will maintain positive dynamics, but their contribution to economic growth will decline. The share of household spending will decrease from 77.5% to 74.9%, and government spending from 14.8% to 13.9%.

At the same time, absolute indicators will continue to grow. Private consumption will increase by an average of 6.2% per year, and government spending by 1–1.3%. However, the key source of growth will be gross investment, which is forecast to grow by an average of 11.9% per year (10.5% in 2026, 15.2% in 2027, and 10.1% in 2028).

Investment policy in the medium term will focus on improving the investment climate and implementing large-scale projects, which will reduce the economy's dependence on consumer demand.


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