Economist Intelligence Unit (EIU)
Home >Browse by Country > Kyrgyz Republic

Welcome to Economist Intelligence Unit (EIU)

The Economist Intelligence Unit provides a constant flow of analysis and forecasts on more than 200 countries and eight key industries. We help executives make informed business decisions through dependable intelligence delivered online.

EIU Kyrgyz Republic

Overview

The Kyrgyz Republic will remain vulnerable to a slight risk of unrest, possibly violent, over the forecast period. The opposition will continue to mount public protests, but the authorities will deal robustly with dissent. The president, Kurmanbek Bakiyev, will dominate the political scene, buoyed by recent foreign policy successes and by having comfortably won re-election in July 2009. Fiscal policy will face challenges, owing to the poor macroeconomic environment, but a pick-up in real GDP growth will boost revenue and restore the state budget to broad balance by the end of the forecast period. The Economist Intelligence Unit expects the economy to expand by 3.5% in 2010, following growth estimated at 2% in 2009. Real GDP growth will pick up further in 2011. Inflationary pressures will increase, owing to high global prices for food and other commodities. Despite a recovery in export demand, a rise in remittances will boost domestic demand and the current account is therefore forecast to return to deficit from 2010 onwards, following a small surplus in 2009.

Key Reports Available for Kyrgyz Republic
Basic Data

Total area
198,500 sq km
Population
5.22m (end-2007 official estimate)
Main towns
Population in '000 (end-2004 estimates)
Bishkek (capital): 804
Osh: 228
Jalalabad: 78
Kara Kul: 63
Climate
Continental high mountain
Languages
Kyrgyz and Russian are the official languages
Weights and measures
Metric system
Currency
The som was introduced on May 10th 1993. The average exchange rate in 2007 was Som37.32:US$1; the rate on August 23rd 2008 was Som34.75:US$1
Time
5 hours ahead of GMT
Fiscal year
Calendar year
Public holidays
January 1st (New Year); January 7th (Orthodox Christmas); February 23rd (Defenders' Day); March 8th (International Women's Day); March 21st (Noruz); March 24th (National Revolution Day); May 1st (Labour Day); May 5th (Constitution Day); May 9th (Victory Day); August 31st (Independence Day); October 2nd (end of Ramadan); November 7th (Great October Socialist Revolution Day); December 9th (Feast of Sacrifice)
SOURCE: Country Profile


Home
Browse by Country
Browse by Industry
Browse by Publication
Subscriptions
Search
My Content
My Account
View Cart