BISHKEK, Kyrgyzstan, September 20. The average annual growth rate of industrial output in Kyrgyzstan is projected to be 3.7 percent from 2025 through 2029.
The data obtained by Trend from the Finance Ministry's forecast shows that the growth of industrial production is expected due to the stable work of enterprises involved in the development of deposits, such as Kumtor Gold Company CJSC, Taldybulak Levoberezhny, Zherui, Karakazyk, Ishtamberdi, and Zhamgyr, as well as Makmal Gold Company LLC and Eti Bakir Tereksai LLC.
Furthermore, it is noted that an underground mine is planned to be commissioned at the Zherui gold deposit, which will increase the production of base metal and processing capacity.
However, the Ministry of Finance emphasized that the Kumtor deposit is expected to reduce gold production in 2026 by 19.6 percent compared to the projected level of 2025. This is due to increased stripping at the Central section, which in turn will lead to a decrease in ore extraction and depletion of conditioned ore in the mine stockpiles accumulated in previous years.
To compensate for the decreasing volume from 2026, work will be carried out to extract gold from the secondary processing of the tailings pond.
Also, textile and garment production is forecast to increase due to the implementation of major projects for the production of textile fabric and yarn based on the industrial park of LLC Kyrgyz Textile LDT and the construction of textile production by Global Textile Group.
Moreover, the production of oil products is expected to increase due to the restoration of the refineries of "China Petroleum Company, "Junda" LLC, and "Kyrgyz Petroleum Company" CJSC.
To note, Kyrgyzstan's industrial output in 2023 amounted to about 483 billion som (about $5.7 billion) and increased by 2.7 percent compared to 2022.