Abstract| Introduction| History| Economy| Government| Proposal for IT| Conclusion| Bibliography
After its independence, Kyrgyzstan has become the second poorest country in the region of Central Asia however; it has vibrant agriculture that can grow tobacco, cotton and wool, which Kyrgyzstan can also export. Kyrgyzstan also has valuable mines that are consist of gold, mercury, uranium, and natural gas. Kyrgyz Republic’s economy is mainly dependant on the exports of gold which comes from Kumtor gold mine. Kyrgyz Republic is progressive in carrying out market reforms, such as an improved regulatory system and land reforms. Kyrgyz Republic was the first Commonwealth of Independent States (CIS) country to be accepted into the World Trade Organization. However, after the breakup of the Soviet Union in 1991, the production had been severely decreased due to the irresponsible government and much of the government's stock in enterprises has been sold out (Anderson, 2000).
Kyrgyz Republic ‘s current GDP of purchasing power parity is $13.16 billion, which puts Kyrgyzstan on to number 141 comparing it to the world. GDP of official exchange rate of Kyrgyzstan is $5.4 billion and GDP of real growth rate is 7%, which puts Kyrgyzstan on number 24th. GDP per person in this country, Kyrgyz Republic, is $2,400 as of 2011, comparing it with other countries Kyrgyzstan ranks number 181. Composition by sector GDP of Kyrgyz Republic for agriculture is 20.2% and for industry is 27.8%. If Kyrgyz Republic is compared to the world in its labor force it falls on number 113, which means Kyrgyzstan has a labor force of 2.344 million. Because of high unemployment rate of 18%, Kyrgyzstan ranks on 158th number. It has a population of around 5,496,737 people and out of those 40% of them live below poverty line. Kyrgyzstan’s agricultural products include tobacco, cotton, potatoes, vegetables, grapes, fruits and berries. It also has few industries of textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, and electric motors as well. Kyrgyzstan export many things but the important one is gold others include, cotton, wool, garments, meat, tobacco, mercury, uranium, hydropower, machinery, and shoes. By exporting them Kyrgyzstan make estimate of $2.327 billion, which puts it on 137th number. Kyrgyzstan’s exporting partners include Russia 37.7%, Uzbekistan 21.9%, Kazakhstan 17.3%, China 5.4%, UAE 4.6%, and Afghanistan 4.3%. Kyrgyzstan also does imports of products such as oil and gas, machinery and equipment, chemicals, and some foodstuff, which cost Kyrgyzstan around $3.71 billion. Kyrgyzstan’s importing partners are China 61%, Russia 17.2%, and Kazakhstan 5.7%. However, Kyrgyzstan is still in debt by $3.738 billion. Because of this, Kyrgyzstan is placed on number 127compred to other countries (Bureau of Public Affairs, 2012).
