Kyrgyzstan received $1.31 billion in foreign direct investment (FDI) in 2025, up 27.3% from the previous year. Nearly half came from China, according to a new report from the country’s National Statistical Committee entitled Investments in the Kyrgyz Republic 2021-2025.
The figures are for gross FDI inflows, meaning they measure investment entering Kyrgyzstan without subtracting money flowing back out.
China accounted for 47.5% of gross FDI, followed by Russia with 13.9%, Kazakhstan with 9.3%, Turkey with 9.1%, and the Netherlands with 5.4%. Together, these five countries accounted for more than 85% of the total.
The sources of foreign capital shifted significantly over the year. FDI from Commonwealth of Independent States (CIS) countries fell by 25.2%, mainly because of lower investment from Russia, Azerbaijan, and Uzbekistan. Russian investment fell particularly sharply, from $279.3 million in 2024 to about $182 million in 2025, a drop of around 35%.
Manufacturing attracted $618.8 million, or 47.2% of total FDI, while mining received $246.3 million, or 18.8%. Compared with 2024, investment in manufacturing rose 1.8-fold and investment in mining more than doubled, while investment in finance and insurance fell by 21.3%.
Foreign investment was also concentrated geographically. About 86% went to businesses in Bishkek and the Chuy, Jalal-Abad, and Naryn regions.
Investment growth has continued in 2026. Kyrgyzstan received $386.7 million in FDI in the first quarter, up 34% from the same period a year earlier. The Times of Central Asia previously reported on the results for the first three months of the year.
