Kyrgyzstan Sees Strong Economic Growth Driven By Industry And Services
The data obtained by Trend from the country's Statistical Agency shows that this economic expansion was primarily fueled by a significant surge in goods-producing sectors.
The share of goods-producing industries in the nominal GDP structure rose by 2.8 percentage points to 31.5 percent. Within this, the industrial sector's contribution increased by 1.6 percentage points to 18.8 percent, and construction saw a 1.5 percentage point rise to 7.2 percent. Conversely, the share of agriculture slightly decreased by 0.3 percentage points to 5.5 percent.
While the services sector's overall share in GDP contracted by 1.8 percentage points to 52 percent, certain service industries demonstrated notable growth. Wholesale and retail trade, along with vehicle and motorcycle repair, increased their share by 0.6 percentage points to 14.8 percent. Healthcare and social services, as well as hotels and restaurants, each saw their share grow by 0.5 percentage points, reaching 2.2 percent and 2.1 percent, respectively.
The growth in GDP was supported by both goods production and the services sector. The growth rate of goods-producing industries increased by 15 percent compared to January-June of the previous year, while the services sector's growth rate rose by 10 percent.
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