The National Statistical Committee of Kyrgyzstan has released updated figures on foreign direct investment (FDI), revealing that China and Russia remained the country’s largest investors in 2024.
According to the data published on April 15, Kyrgyzstan received $872.6 million in FDI in 2024, marking an increase from $844.9 million in 2023.
China accounted for 23.9% of total FDI, followed by Russia with 22.7%, Turkey (10.2%), Luxembourg (8.8%), Kazakhstan (5.7%), the Netherlands (4.9%), and Azerbaijan (3.4%). The remaining 20.4% came from a mix of other countries.
Compared to the previous year, Kyrgyzstan saw increased investment from Azerbaijan, Luxembourg, Germany, Turkey, the Netherlands, and Russia, while inflows from the UK, UAE, Kazakhstan, and China declined.
Sector Breakdown
The manufacturing sector attracted the largest share of foreign investment, receiving 33.2% of total FDI. This was followed by the financial sector (20.6%), wholesale and retail trade (18.7%), the mining industry (11.3%), and geological exploration (8.3%).
Sharp Rise in Overall Investment
The total volume of investments in fixed assets from all sources in the first quarter of 2025 reached 56.8 billion Kyrgyz som, reflecting a 90.6% increase year-on-year. This marks a significant acceleration compared to the 63.9% growth recorded during the same period in 2024.
Officials attribute the sharp rise primarily to a 2.1-fold increase in domestic financing, while the volume of foreign investment in fixed assets during the same period decreased by 1.5 times compared to the first quarter of 2024.
