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Kyrgyzstan Review, 10 years ago




[25.12.23] Kyrgyz GDP to Grow 6.5% in 2003

Kyrgyzstan's GDP is expected to increase 6.5% this year and annual inflation is estimated at 5.1%, Prime Minister Nikolai Tanaev told a Thursday news conference.
 
He pointed to the positive dynamics in Kyrgyzstan's development in 2003 and reminded reporters that in 2002 the GDP had contracted 1.7%.
 
"If the Kumtor gold mine is not taken into account, GDP growth in Kyrgyzstan in 2003 is expected at 4.3%, which is an indication of the country's declining dependence on the gold mining facility and revitalization in the real sector," Tanaev said.
 
"In 2003, practically all branches of the Kyrgyz economy demonstrated positive results, with the highest growth recorded in the service industry, which permits us to say there has been an improvement of the wellbeing and solvency of the Kyrgyz population," he said.
 
Interfax, December 25, 2003

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