Economy (Kyrgyzstan)
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Overview:
Kyrgyzstan's small economy (less than 1% of the total for the former Soviet
Union) is oriented toward agriculture, producing mainly livestock such as
goats and sheep, as well as cotton, grain, and tobacco. Industry,
concentrated around Bishkek, produces small quantities of electric motors,
livestock feeding equipment, washing machines, furniture, cement, paper, and
bricks. Mineral extraction is small, the most important minerals being rare
earth metals and gold. Kyrgyzstan is a net importer of most types of food
and fuel but is a net exporter of electricity. By early 1991, the Kirghiz
leadership had accelerated reform, primarily by privatizing business and
granting life-long tenure to farmers. In 1991 overall industrial and
livestock output declined substantially.
GDP:
purchasing power equivalent - $NA billion, per capita $NA; real growth rate
-5% (1991)
Inflation rate (consumer prices):
88% (1991)
Unemployment rate:
NA%
Budget:
revenues $NA million; expenditures $NA million
Exports:
$115 million (1990)
commodities:
wool, chemicals, cotton, ferrous and nonferrous metals, shoes, machinery,
tobacco
partners:
Russia 70%, Ukraine, Uzbekistan, Kazakhstan, and others
Imports:
$1.5 million (c.i.f., 1990)
commodities:
lumber, industrial products, ferrous metals, fuel, machinery, textiles,
footwear
External debt:
$650 million (1991)
Industrial production:
growth rate 0.1% (1991)
Electricity:
NA kW capacity; 13,900 million kWh produced, 3,232 kWh per capita (1991)
Industries:
small machinery, textiles, food-processing industries, cement, shoes, sawn
logs, steel, refrigerators, furniture, electric motors, gold, and rare earth
metals
Agriculture:
wool, tobacco, cotton, livestock (sheep and goats) and cattle, vegetables,
meat, grapes, fruits and berries, eggs, milk, potatoes
Illicit drugs:
poppy cultivation legal
Economic aid:
US commitments, including Ex-Im (FY70-87), $NA billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-86), $NA million;
Communist countries (1971-86), $NA million
Currency:
as of May 1992, retaining ruble as currency
Fiscal year:
calendar year
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