Kyrgyzstan - Balance of payments



Kyrgyzstan had traditionally maintained a trade deficit, derived mostly from dependence on imports from other former Soviet republics. Exports began to increase by 1995, however; the country registered relatively high growth rates in the early 2000s and had a trade surplus in 2001. Foreign exchange reserves are minimal. In 2001, the IMF awarded Kyrgyzstan $93 million in aid over a three-year period. Total external debt in 2001 stood at $1.6 billion.

The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Kyrgyzstan's exports was $475 million while imports totaled $420 million resulting in a trade surplus of $55 million.

The International Monetary Fund (IMF) reports that in 2001 Kyrgyzstan had exports of goods totaling $480 million and imports totaling $441 million. The services credit totaled $81 million and debit $125 million. The following table summarizes Kyrgyzstan's balance of payments as reported by the IMF for 2001 in millions of US dollars.

Kyrgyzstan

Current Account -53
Balance on goods 39
Balance on services -45
Balance on income -66
Current transfers 18
Capital Account -32
Financial Account 31
Direct investment abroad -6
Direct investment in Kyrgyzstan 5
Portfolio investment assets 1
Portfolio investment liabilities
Other investment assets -4
Other investment liabilities 18
Net Errors and Omissions 21
Reserves and Related Items 32
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