terclockwise, on the reverse, clockwise; in the center of the sun
is a red ring crossed by two sets of three lines, a stylized
representation of the roof of the traditional Kyrgyz yurt

@Kyrgyzstan, Economy

Overview:
Kyrgyzstan is one of the smallest and poorest states of the former
Soviet Union. Its economy is heavily agricultural, producing cotton
and tobacco on irrigated land in the south, grain in the foothills of
the north, and sheep and goats on mountain pastures. Its small and
obsolescent industrial sector, concentrated around Bishkek, is heavily
dependent on Russia and other CIS countries for customers and for
inputs, including most of its fuel. Since 1990, the economy has
contracted by almost 40%. Kyrgyzstan's inflation was high in 1993,
about 23% per month, but rates were declining at the end of the year.
Kyrgyzstan introduced its national currency, the som, in May 1993, it
has privatized 28% of its former state assets, and plans call for a
massive voucher privatization in 1994. Although Kyrgyzstan will
receive relatively large flows of foreign aid, ongoing economic
restructuring will continue to be painful with an anticipated increase
in unemployment as uneconomic enterprises close. President AKAYEV will
be under strong political pressure to backtrack on some reform
measures.
National product:
GDP - purchasing power equivalent - $11.3 billion (1993 estimate from
the UN International Comparison Program, as extended to 1991 and
published in the World Bank's World Development Report 1993; and as
extrapolated to 1993 using official Kirghiz statistics, which are very
uncertain because of major economic changes since 1990)
National product real growth rate:
-13.4% (1993 est.)
National product per capita:
$2,440 (1993 est.)
Inflation rate (consumer prices):
23% per month (1993 est.)
Unemployment rate:
0.2% includes officially registered unemployed; also large numbers of
unregistered unemployed and underemployed workers
Budget:
revenues:
$NA
expenditures:
$NA, including capital expenditures of $NA
Exports:
$100.4 million to countries outside the FSU (1993 est.)
commodities:
wool, chemicals, cotton, ferrous and nonferrous metals, shoes,
machinery, tobacco
partners:
Russia 70%, Ukraine, Uzbekistan, Kazakhstan, and others
Imports:
$105.8 million from countries outside the FSU (1993 est.)
commodities:
grain, lumber, industrial pro