Kyrgyzstan Aims to Achieve GDP of $30 Billion by 2030

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The Chairman of the Cabinet of Ministers of Kyrgyzstan, Akylbek Japarov, says that Kyrgyzstan aims to be among the world’s top 30 countries in terms of achieving the Sustainable Development Goals (SDGs) by 2030.

“The main goal is to achieve a GDP of $30 billion in the next six years,” Japarov said on July 31. “This requires maintaining annual nominal GDP growth at 10-12%. According to the World Bank classification, Kyrgyzstan can confidently increase its GDP per capita and join the ranks of upper-middle-income countries by 2030, leaving the category of lower-middle-income countries,” he added.

According to Japarov, Kyrgyzstan’s economic growth demonstrates sustainable development. The average GDP growth rate in 2023 was 7%, and according to the National Statistical Committee, while it was 8.1% in the first half of 2024.

Japarov added that in 2023, Kyrgyzstan crossed a historic milestone, with the country’s GDP reaching an all-time high of $13.9 billion.

He added that inflation in January-June 2024 was 2.4% due to a balanced monetary policy.

Sergey Kwan

Sergey Kwan

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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