Service sector- main driver of economic growth in Kyrgyzstan

Economy Загрузка... 22 September 2025 15:47
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Bishkek, Sept. 22, 2025. /Kabar/. The service sector continues to play a key role in the country's gross domestic product and remains the.

According to data for January–August 2025, the service sector's output reached 808.6 billion soms, a 9.9% increase compared to the same period in 2024. The sector's contribution to GDP is estimated at 4.97 percentage points, and its share of the economy is 50.7%.

This growth is driven by increased consumer lending (increased by 45.3% from January–July) and rising household incomes: the nominal average monthly wage increased by 20.4% during this period, and the average pension by almost 14.2%.

The largest share of the services sector belongs to:

  • wholesale and retail trade – 33.0%,
  • financial intermediation and insurance – 10.2%,
  • transportation and cargo storage – 9.1%.
  • Wholesale and retail trade turnover, including automobile and motorcycle repair, from January to August amounted to 267.0 billion soms (an increase of 17.1%).

The main increase was driven by a 20.3% increase in retail trade.

Transportation and cargo storage services increased by 7.7% to 73.9 billion soms. 36 million tons of cargo (+9.8%) and 405 million passengers (+8.2%) were transported. Hotel and restaurant services increased by 25.9% to 33.6 billion soms. Information and communication services reached 40.5 billion soms, an increase of 6.5%.

Thus, the dynamics of the service sector continue to support overall economic growth and account for a stable half of the national GDP.