Ministry of Finance expects GDP growth to slow down, but high rates will remain

The Ministry of Finance forecasts a slowdown in Kyrgyzstan's real GDP growth compared to 2024. While economic growth is estimated at 8.5% this year, compared to 9% a year earlier, growth of 8.6% is expected in 2026 and 2028. This is stated in the draft law on the republican budget, which is currently under public discussion.

The result closest to the 2024 figure is forecast for 2027 — 8.9%.

As noted in the document, the key drivers of economic growth will be the service sector, construction, agriculture, and industry.

According to forecasts, the service sector is expected to see an 8.1% increase in added value in 2026, 8.4% in 2027, and 7.6% in 2028.

Construction will show the highest growth: 16.6%, 18.1%, and 15.2%, respectively. Agriculture will maintain stable growth rates of 4.2%, 4.1%, and 4.3%. In industry, growth will be 7.5% in 2026, 7.9% in 2027, and 10.3% in 2028.

Thus, in the coming years, gross domestic product growth will be driven by the balanced development of key economic sectors. By the end of 2025, GDP is projected to reach 1.8 trillion KGS, and by 2028, it could reach 2.8 trillion KGS.