BAKU, Azerbaijan, September 29. The European
Bank for Reconstruction and Development (EBRD) forecasts
Kyrgyzstan’s real GDP growth at 8.7% in 2026 and 7% in 2027, the
European Bank for Reconstruction and Development (EBRD) said in its
September Regional Economic Prospects report.
The EBRD noted that Kyrgyzstan’s real GDP growth stood at 11.5%
in 2024 and 11.1% in 2025. In the first half of 2026, the country’s
economy expanded by 11.9% in real terms.
The bank’s September forecast puts Kyrgyzstan’s real GDP growth
at 8.7% for 2026 and 7% for 2027. Both forecasts remain unchanged
compared with the previous projections, with the revision standing
at 0 percentage points for each year.
Trend’s analysis
indicates that Kyrgyzstan’s economy could maintain a relatively
high growth trajectory over the medium term, supported by continued
investment activity, construction, industrial expansion and growing
domestic demand. Based on the current growth trajectory, real GDP
could increase by around 6.5–7.5 percent annually in 2028–2030.
Moreover, Trend’s
calculations indicate that if the real GDP growth rate averages
around 7% per year starting in 2027, the size of the economy in
real terms could increase by approximately 22–25% by 2030 compared
to 2026. This would create additional capacity for expansion in
manufacturing, transport, energy, trade and services.
The combination of 11.9 percent growth in the first half of 2026
and the projected 8.7 percent full-year growth indicates that the
Kyrgyz economy is entering the next stage with a substantial growth
base. If investment momentum remains strong, annual capital
formation could continue supporting productivity and help keep
overall economic growth around 7 percent in the medium term.
