Ludwig von Mises Institute

Kyrgyzstan

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Country summary

Capital

Bishkek

Borders

China 858 km, Kazakhstan 1,224 km, Tajikistan 870 km, Uzbekistan 1,099 km

Government type

republic

Population

5,431,747 (July 2010 est.)[1]

Population growth

1.396% (2010 est.)[1]

Life expectancy

69.43 years[1]

Unemployment

18% (2004 est.)[1]

Corruption Perceptions Index

162[2]

Doing Business ranking

41[3]


A Central Asian country of incredible natural beauty and proud nomadic traditions, most of Kyrgyzstan was formally annexed to Russia in 1876. The Kyrgyz staged a major revolt against the Tsarist Empire in 1916 in which almost one-sixth of the Kyrgyz population was killed. Kyrgyzstan became a Soviet republic in 1936 and achieved independence in 1991 when the USSR dissolved. Nationwide demonstrations in the spring of 2005 resulted in the ouster of President Askar AKAEV, who had run the country since 1990. Subsequent presidential elections in July 2005 were won overwhelmingly by former prime minister Kurmanbek BAKIEV. Over the next few years, the new president manipulated the parliament to accrue new powers for himself. In July 2009, after months of harassment against his opponents and media critics, BAKIEV won re-election in a presidential campaign that the international community deemed flawed. In April 2010, nationwide protests led to the resignation and expulsion of BAKIEV. He was replaced by Acting President Roza OTUNBAYEVA who called for new elections in six months time. Continuing concerns include: endemic corruption, poor interethnic relations, and terrorism.[1]

Economical characteristics[edit]

  • Currency: Som (ISO code: KGS)
  • Central bank discount rate: NA%[1]
  • Commercial banks lending rate: 19.86% (31 December 2008)[1]
  • Stock of money (M1): $NA (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $NA (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 1 249 1 370 1 525 1 606 1 919 2 212 2 460 2 833 3 802 5 059
Govt. debt (% of GDP)[6] 132.734 114.534 99.331
Govt. revenue (% of GDP)[7] 15.849 14.163 16.052 16.468 20.723 20.454
Govt. expenses (% of GDP)[8] 17.733 15.803 15.759 15.814 18.088 17.026
Debt to revenue (years) 8.375 8.087 6.188

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Kyrgyzstan", from The World Factbook. Referenced 2010-09-30.
  2. ↑ Transparency International. "Kyrgyzstan", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  3. ↑ Doing Business. "Kyrgyzstan", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  4. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 372. (The list does not claim to be complete.) Referenced 2011-07-20.
  5. ↑ World Bank. "Kyrgyzstan: GDP", from World Bank Data. Referenced 2010-09-30.
  6. ↑ World Bank. "Kyrgyzstan: government debt", from World Bank Data. Referenced 2010-09-30.
  7. ↑ World Bank. "Kyrgyzstan: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. ↑ World Bank. "Kyrgyzstan: government expenses", from World Bank Data. Referenced 2010-09-30.

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