Key Economic Figures

Appropriate policy responses were made by Central Asian countries responding to the global crisis, including currency depreciation to lower foreign exchange inflows, easing monetary policy and launching short-term liquidity for restricting the credit crunch, as well as other fiscal stimuli.

According to the International Monetary Fund Survey from May 2009 the growth in Central Asia including the Caucasus was expected to decrease by 0.9% in 2009 as result of the global economic crisis. However, the IMF recommends that these countries take more measures such as allowing exchange rate flexibility to preserve competitiveness and enhance the country's currency; improving social safety nets to protect the poor; and imposing tighter banking oversight to reduce finance system vulnerabilities and sector risks.

  • Population, Area, GDP, Inflation & Unemployment
  • Major Exports
  • Imports and Exports
  • IMF Growth Projections

Population, Area, GDP, Inflation & Unemployment

Country

Population
(2010 est.)

Area
km²

GDP
Purchasing Power Parity
(2009 est.)

% Inflation
(2009 est.)

Unemployment Rate
(2009 est. except as noted)

Kazakhstan

15,460,484

2,724,900

US $182 billion

7.3%

6.3%

Kyrgyzstan

5,508,626

199,951

US $12.09 billion

6.9%

18.0%
(2004 est)

Tajikistan

7,487,489

143,100

US $13.65 billion

6.4%

2.2%

Turkmenistan

4,940,916

488,100

US $32.52 billion

10.0%

60.0%
(2004 est.)

Uzbekistan

27,865,738

447,400

US $78.37 billion

14.1%

1.1%

Source: 2010 CIA World Fact-book viewed on December 31, 2010.

Major Exports

Country

Exports/GDP

Major Exports

2008

2009

Kazakhstan

57%

42%

Oil and oil products 59%, ferrous metals 19%, chemicals 5%, machinery 3%, grain, wool, meat, coal.

Kyrgyz Republic

56%

50%

Cotton, wool, meat, tobacco; gold, mercury, uranium, natural gas, hydropower; machinery; shoes.

Tajikistan

17%

13%

Aluminum, electricity, cotton, fruits, vegetable oil, textiles

Turkmenistan

73%

76%

Gas, crude oil, petrochemicals, textiles, cotton fiber.

Uzbekistan

44%

36%

Energy products, cotton, gold, mineral fertilizers, ferrous and non-ferrous metals, textiles, food products, machinery, automobiles.

Source: 2009 CIA World Fact-book and World Bank World Development Indicators.

Imports and Exports

CountryAmount Exported
2008
free on board (f.o.b.)
Major ExportsExport Trading partners Amount Imported 2008Major ImportsImport Trading Partners
Kazakhstan$66.570 billionOil products, ferrous metals, chemicals, machinery, grain, wool, meat, coalChina, Germany, Russia$37.530 billionMachinery and equipment, metal products, foodstuffsRussia, China, Germany
Kyrgyzstan$1.6760 billionGold; mineral products; textiles; foods, beverages & tobacco; electric power; machinery and electrical equipmentUnited Arab Emirates, Russia, China$3.476 billionMineral products, machinery & electrical equipment, chemical products, foods & beverages, textilesChina, Russia, Kazakhstan
Tajikistan$1.400 billionAluminum, cotton, electric power, fruits, vegetable oils, and textilesNetherlands, Turkey, Russia, Uzbekistan$3.200 billionFuels, electric power and aluminum oxideRussia, Kazakhstan, Uzbekistan, China
Turkmenistan$9.887 billionNatural gas, oil, petrochemicals, cotton fiber, and textilesUkraine, Iran, Hungary$5.291 billionMachinery and transport equipment, chemicals, and foods.United Arab Emirates, Azerbaijan, United States
Uzbekistan$9.960 billionCotton fiber, gold, fuels, metals, food products, and machineryRussia, China, Turkey, Ukraine$6.500 billionMachinery, chemicals and plastics, foods, and metalsRussia, South Korea, Germany, China

Sources: Country profiles of the Federal Research Division (the Library of Congress), the 2009 CIA World Fact-book, UN data;  Viewed on July 27th, 2009.

IMF Growth Projections

IMF growth projections for the Central Asia (Real GDP, % change)
Countries20072008Proj. 2009Proj. 2010
Kazakhstan8.93.2-2.01.5
Kyrgyz Republic8.57.60.92.9
Tajikistan7.87.92.03.0
Turkmenistan11.69.86.97.0
Uzbekistan9.59.07.07.0

Sources: data provided by country authorities; and IMF staff estimates and projections (from July 27th 2009,  IMF Survey Magazine, 2009)