Kazakhstan stays in OPEC+ but seeks new terms with foreign oil investors
Kazakhstan will remain part of the OPEC+ oil production deal but is opening talks to revise contracts with foreign investors at its largest oil and ga...
Kyrgyzstan's GDP surged 11.7 percent year on year in the first half of 2025, driven by gains in services, construction and production, despite a decline in external trade.
Kyrgyzstan’s gross domestic product reached over 8.1 billion U.S. dollars in the first six months of 2025, marking a robust 11.7 percent year-on-year growth, the National Statistics Committee reported on Tuesday.
The expansion was underpinned by a 15 percent rise in commodity production and a 10 percent increase in the service sector. Net taxes on products also contributed, growing by 11.4 percent over the same period.
Particularly strong gains were recorded in hotel and restaurant services, which soared by 49.1 percent year on year, signalling a rebound in tourism and domestic hospitality. The construction sector also saw notable momentum, with output rising 42.5 percent compared to the first half of 2024.
Between January and June, wholesale and retail trade, including car and motorcycle repair services, climbed by 12.1 percent, while cargo transportation registered a 12.5 percent increase.
However, despite the domestic growth, Kyrgyzstan’s external trade showed signs of weakness. Trade in goods during the first five months of 2025 totalled 5.77 billion dollars, representing a 14.4 percent year-on-year decline, according to the committee.
The data reflects a continued divergence between strong internal economic activity and pressures on the country’s trade performance amid broader regional and global economic uncertainties.
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