Central Asia in Transition No61

The Kyrgyzstan Economy:
Latest Developments and Policies

Kamchybek Omurzakov


Copyright (c) 1998 by the Slavic Research Center. All rights reserved.

APPENDIX

Table 4: U.S. Dollar Auction Exchange Rate, 1994-1997


(In soms per U.S. dollar)

Average clearing rate Average clearing rate
1994 January 8.51 1996 January 11.22
February 10.19 February 11.28
March 11.66 March 11.37
April 12.3 April 11.56
May 12.23 May 12.06
June 11.33 June 12.25
July 10.97 July 12.17
August 10.27 August 12.2
September 10.59 September 12.84
October 10.65 October 14.03
November 10.61 November 15.84
December 10.66 December 16.83
1995 January 10.76 1997 January 17.05
February 10.80 February 16.90
March 10.89 March 17.61
April 10.90 April 17.87
May 10.94 May 17.89
June 10.79 June 17.26
July 10.56 July 17.28
August 10.47 August 17.25
September 10.68 September 17.50
October 10.93    
November 10.97    
December 11.23    

Sources: National Bank of Kyrgyzstan; IMF staff estimates.

Table 5: Export of Goods, 1992-1996

  1992 1993 1994 1995 1996
(In millions of U.S.dollars)
Total exports 288.6   339.9 408.9 531.1
Industry 280.9 331.4 329.2 366.1 467.3
Electric energy 13.7 23.3 63.5 41.0 73.5
Oil and gas industry 1.1 3.0 6.3 1.4 1.6
Coal industry 4.6 5.1 2.8 3.1 3.5
Ferrous metallurgy 4.7 41.2 9.3 10.4 9.7
Non-ferrous metallurgy 49.3 37.0 52.2 62.7 80.8
Chemical and petrochemical 6.1 5.4 6.7 20.3 26.8
Machine building 100.7 87.1 33.7 44.5 50.7
Lumber and paper 3.5 1.8 1.2 1.8 2.0
Industrial construction materials 6.5 13.4 17.6 11.6 12.1
Light industry 67.0 64.4 77.8 82.6 90.2
Food industry 17.8 47.3 56.3 82.8 111.7
Other industry 5.9 2.4 1.8 3.8 4.7
Agriculture 3.7 8.1 10.6 42.9 63.8
Other 4.0 0.2 0.1 0.0 0.0
(In % of total)
Total exports 100.0 100.0 100.0 100.0 100.0
Industry 97.3 96.6 96.8 89.5 88.0
Electric energy 4.8 6.9 18.7 10.0 13.8
Oil and gas industry 0.4 0.9 1.9 0.3 0.3
Coal industry 1.6 1.5 0.8 0.8 0.7
Ferrous metallurgy 1.6 12.1 2.7 2.5 1.8
Non-ferrous metallurgy 17.1 10.9 15.4 15.3 15.2
Chemical and petrochemical 2.1 1.6 2.0 5.0 5.0
Machine building 34.9 25.7 9.9 10.9 9.5
Lumber and paper 1.2 0.5 0.3 0.4 0.4
Industrial construction materials 2.3 3.9 5.2 2.8 2.4
Light industry 23.2 19.0 22.9 20.2 17.0
Food industry 6.2 13.9 16.6 20.3 21.0
Other industry 2.0 0.7 0.5 0.9 0.9
Agriculture 1.3 2.4 3.1 10.5 12.0
Other 1.4 0.0 0.0 0.0 0.0
Sources: Kyrgyz authorities; IMF staff estimates.

Table 6: Import of Goods, 1992-1996

1992 1992 1993 1994 1995 1996
(In millions of U.S. Dollars)
Total imports (f.o.b.) 377.0 365.3 315.8 522.3 893.8
Industry 345.6 352.0 287.8 505.3 840.3
Electric energy
0.0 0.0 0.0 8.6 26.7
Oil and gas industry
88.5 157.6 96.6 162.4 182.3
Coal industry
9.6 13.4 30.7 17.0 25.1
Ferrous metallurgy
19.4 21.0 7.7 17.8 8.9
Non-ferrous metallurgy
11.4 11.0 4.5 11.2 21.9
Chemical and petrochemical
44.3 20.0 19.3 30.1 58.2
Machine building
80.7 51.1 58.0 103.6 225.1
Lumber and paper
9.7 10.5 5.0 19.8 47.5
Industrial construction materials
3.3 4.1 4.9 10.1 30.2
Light industry
35.2 23.1 17.3 23.2 59.6
Food industry
40.5 38.9 42.4 96.7 137.6
Other industry
3.0 1.1 1.4 4.8 17.2
Agriculture 30.9 13.0 27.8 17.0 53.5
Other 0.5 0.3 0.2 0.0 0.0
(In % of total)
Total imports 100.0 100.0 100.0 100.0 100.0
Industry 91.7 96.3 91.1 96.8 94.0
Electric energy
0.0 0.0 0.0 1.9 3.0
Oil and gas industry
23.5 43.1 30.6 31.1 20.4
Coal industry
2.5 3.7 9.7 3.3 2.8
Ferrous metallurgy
5.1 5.7 2.4 3.4 1.0
Non-ferrous metallurgy
3.0 3.0 1.4 2.1 2.5
Chemical and petrochemical
11.8 5.5 6.1 5.8 6.5
Machine building
21.4 14.0 18.4 19.8 25.2
Lumber and paper
2.6 2.9 1.6 3.8 5.3
Industrial construction materials
0.9 1.1 1.5 1.9 3.4
Light industry
9.3 6.3 5.5 4.4 6.7
Food industry
10.7 10.7 13.4 18.5 15.3
Other industry
0.8 0.3 0.4 0.9 1.8
Agriculture 8.2 3.6 8.8 3.3 6.0
Other 0.1 0.1 0.1 0.0 0.0

Sources: Kyrgyz authorities: and IMF staff estimates