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Economy of Kyrgyzstan vs Slovakia compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $142B for Slovakia, ranking 135/197 and 61/197 by economy size, respectively.

Kyrgyzstan has $6.4B in government debt (38.5% of GDP), compared to $82.3B (60.1% of GDP) in Slovakia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kyrgyzstan
GDP, current $

GDP, constant 2015 $
Slovakia
GDP, current $

GDP, constant 2015 $
Year GDP
Kyrgyzstan Slovakia
Current $ Constant $ Current $ Constant $
1986 - $4,159,487,047 - -
1987 - $4,296,748,804 - -
1988 - $4,863,920,938 - -
1989 - $4,999,612,218 - -
1990 $2,660,202,623 $5,284,729,935 $12,915,046,978 $45,559,569,013
1991 $2,542,256,424 $4,864,914,940 $14,459,924,589 $38,919,807,326
1992 $2,315,346,943 $4,191,715,901 $15,699,327,209 $36,303,816,918
1993 $2,026,019,253 $3,543,704,782 $16,737,973,764 $36,994,071,827
1994 $1,681,780,847 $2,831,946,048 $20,428,139,756 $39,289,750,245
1995 $1,661,147,035 $2,678,346,337 $26,180,022,222 $41,585,644,561
1996 $1,827,570,586 $2,868,093,848 $28,197,790,875 $44,130,510,843
1997 $1,767,864,036 $3,152,472,635 $27,844,628,979 $46,551,440,141
1998 $1,645,963,750 $3,219,362,911 $29,976,207,629 $48,332,548,393
1999 $1,249,061,487 $3,337,056,039 $30,496,272,225 $48,103,809,190
2000 $1,369,688,498 $3,518,703,233 $29,215,726,005 $48,483,456,227
2001 $1,525,116,370 $3,705,955,298 $30,726,659,551 $49,901,675,269
2002 $1,605,643,105 $3,705,313,255 $35,243,658,399 $52,105,958,758
2003 $1,919,008,090 $3,965,807,641 $46,616,149,117 $54,636,588,084
2004 $2,211,534,585 $4,244,477,505 $57,215,475,076 $57,581,226,217
2005 $2,460,246,766 $4,237,027,793 $62,547,753,148 $61,315,329,711
2006 $2,834,168,889 $4,368,498,476 $70,751,813,443 $66,788,144,153
2007 $3,802,570,553 $4,741,693,830 $86,587,749,518 $74,013,706,024
2008 $5,139,958,909 $5,140,072,740 $100,830,060,553 $77,983,340,267
2009 $4,690,061,381 $5,288,430,380 $89,342,984,698 $73,690,093,872
2010 $4,794,361,863 $5,263,491,909 $91,112,160,801 $78,694,079,821
2011 $6,197,765,984 $5,576,999,925 $99,705,104,723 $80,710,556,385
2012 $6,605,142,884 $5,572,083,788 $94,724,394,278 $81,977,043,068
2013 $7,335,033,801 $6,180,302,892 $99,134,277,850 $82,553,606,913
2014 $7,468,102,413 $6,429,000,668 $101,713,075,599 $84,789,118,562
2015 $6,678,177,512 $6,678,177,512 $89,178,548,717 $89,178,548,717
2016 $6,813,095,379 $6,967,733,667 $90,347,173,229 $90,915,584,912
2017 $7,702,938,379 $7,297,999,869 $95,978,130,735 $93,529,165,483
2018 $8,271,106,235 $7,572,252,145 $106,611,673,365 $97,328,432,250
2019 $9,371,275,264 $7,920,623,120 $105,843,498,304 $99,543,529,164
2020 $8,270,468,614 $7,354,379,549 $107,732,602,896 $96,969,818,857
2021 $9,249,133,946 $7,759,385,792 $120,560,912,621 $102,496,703,509
2022 $12,134,931,018 $8,455,209,117 $115,884,262,198 $102,944,982,588
2023 $15,180,842,369 $9,217,301,874 $133,896,931,490 $105,176,983,317
2024 $17,478,259,659 $10,050,558,458 $141,775,733,420 $107,345,393,746

Economic indicators

Kyrgyzstan Slovakia
Gross domestic product
$17.5B
2024
$142B
2024
GDP rank
135/197
2024
61/197
2024
GDP growth
15.1%
2023-2024
5.88%
2023-2024
GDP per capita
$2,419
2024
$26,148
2024
GDP per capita rank
149/197
2024
46/197
2024
GDP per capita, PPP
$8,009
2024
$47,181
2024
Government debt
$6.4B
2024
$82.3B
2024
Debt-to-GDP ratio
38.5%
2025
60.1%
2025
Government debt per person
$887
2024
$15,170
2024
Government debt per person rank
145/185
2024
40/185
2024
Average annual personal income after taxes
$4,925
2025
$17,365
2025
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2025
Income share by richest 10%
23%
2023
18.8%
2023
Income share by poorest 10%
4.3%
2023
3.3%
2023
Government expenditure, % of GDP
35.5%
2025
48.6%
2025
Consumer prices inflation
8%
2024-2025
2.76%
2023-2024
Central bank interest rate
9.25%
2024
n/a
Unemployment rate
3.5%
2023
5.34%
2024
Population
7419369
5390674

GDP per capita in Kyrgyzstan vs Slovakia

Kyrgyzstan's GDP per capita is $2,419, ranking 149/197, compared to $26,148 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 139th at $8,009, while Slovakia ranks 50th at $47,181.

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
Year Current $
Kyrgyzstan Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 $606 $2,544 $2,437 $8,633
1991 $570 $2,382 $2,727 $7,618
1992 $513 $2,075 $2,959 $7,266
1993 $449 $1,795 $3,143 $7,564
1994 $372 $1,466 $3,821 $8,173
1995 $364 $1,401 $4,883 $8,806
1996 $395 $1,505 $5,248 $9,496
1997 $376 $1,659 $5,172 $10,135
1998 $345 $1,687 $5,561 $10,666
1999 $258 $1,747 $5,652 $10,726
2000 $279.6 $1,862 $5,422 $11,368
2001 $308 $1,986 $5,712 $12,369
2002 $322 $1,998 $6,555 $13,292
2003 $381 $2,158 $8,675 $14,090
2004 $433 $2,343 $10,650 $15,168
2005 $477 $2,386 $11,642 $16,570
2006 $543 $2,508 $13,168 $18,910
2007 $722 $2,770 $16,110 $21,233
2008 $966 $3,031 $18,744 $23,714
2009 $870 $3,097 $16,587 $23,065
2010 $877 $3,076 $16,899 $25,384
2011 $1,117 $3,278 $18,469 $26,202
2012 $1,169 $3,589 $17,517 $27,023
2013 $1,270 $4,001 $18,313 $28,075
2014 $1,265 $4,228 $18,771 $29,108
2015 $1,106 $4,153 $16,442 $30,156
2016 $1,103 $4,604 $16,636 $29,868
2017 $1,221 $4,954 $17,646 $30,246
2018 $1,284 $4,778 $19,573 $31,510
2019 $1,422 $5,304 $19,406 $33,986
2020 $1,230 $5,179 $19,735 $35,328
2021 $1,350 $5,736 $22,132 $38,346
2022 $1,740 $6,578 $21,335 $41,096
2023 $2,138 $7,298 $24,674 $43,950
2024 $2,419 $8,009 $26,148 $47,181

Spending and national debt comparison

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 35.5% of its GDP, while Slovakia's spent $66.6B, or 48.6% of GDP.

Debt-to-GDP ratio is 38.5% in Kyrgyzstan and 60.1% in Slovakia, ranking 139/185 and 80/185, respectively.

Kyrgyzstan
Government spending

Government debt
Slovakia
Government spending

Government debt
Year % of GDP
Kyrgyzstan Slovakia
Government spending Government debt Government spending Government debt
1995 37.9% 52.4% 47.7% 21.3%
1996 28.6% 57.7% 52.8% 30.3%
1997 31.1% 64.8% 48.5% 32.8%
1998 35.9% 85.1% 45.7% 33.8%
1999 35.9% 119.6% 47.9% 47%
2000 30.2% 123.3% 52.8% 50.5%
2001 28.1% 108.2% 45.4% 51.2%
2002 29.3% 107.9% 45.5% 45.4%
2003 28.1% 108.2% 40.6% 43.5%
2004 28.5% 92.7% 38.1% 41.9%
2005 29.1% 85.7% 39.9% 34.9%
2006 29.1% 73.4% 38.8% 31.4%
2007 29.6% 57.7% 36.4% 30.3%
2008 27.9% 49% 37% 28.6%
2009 32.5% 58.5% 44.4% 36.4%
2010 37.1% 59.7% 42.2% 40.6%
2011 37.4% 50.1% 41.4% 43.3%
2012 40.6% 50.5% 41.1% 51.7%
2013 38.1% 47.1% 42.4% 54.6%
2014 38.5% 53.6% 43.1% 53.3%
2015 38.1% 67.1% 45.4% 51.5%
2016 38.9% 59.1% 42.4% 52%
2017 37% 58.8% 39.4% 51.3%
2018 33.1% 54.8% 39.5% 49.2%
2019 30.8% 48.8% 40.5% 47.9%
2020 32.1% 63.6% 44.3% 58.3%
2021 32.1% 56.2% 44.6% 60.1%
2022 35% 46.8% 42.2% 57.6%
2023 32.9% 42% 47.9% 56%
2024 33.7% 36.6% 47% 58%
2025 35.5% 38.5% 48.6% 60.1%

Government deficit by year

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to Slovakia's deficit of -$8.27B, or -5.84% of GDP.

Over the past 30 years, Kyrgyzstan recorded a fiscal deficit in 25 of those years, while Slovakia ran a deficit in 30 years. On average, Kyrgyzstan posted an annual deficit equal to -4.32% of GDP, compared to deficit of -4.6% of GDP for Slovakia.

Deficit/surplus
Kyrgyzstan

Slovakia
Year Deficit/surplus, % of GDP
Kyrgyzstan Slovakia
1995 -13.5% -3.43%
1996 -9.1% -9.72%
1997 -9.3% -6.24%
1998 -12% -5.28%
1999 -13.5% -7.17%
2000 -10.7% -12.6%
2001 -6.75% -7.23%
2002 -5.9% -8.23%
2003 -5.17% -3.14%
2004 -4.89% -2.32%
2005 -3.79% -2.89%
2006 -2.1% -3.58%
2007 1.28% -2.05%
2008 1.92% -2.52%
2009 0.38% -8.15%
2010 -5.95% -7.48%
2011 -4.7% -4.31%
2012 -5.86% -4.35%
2013 -3.7% -2.87%
2014 -3.07% -3.1%
2015 -2.52% -2.66%
2016 -5.79% -2.56%
2017 -3.73% -0.98%
2018 -0.59% -1.01%
2019 -0.07% -1.21%
2020 -3.06% -5.3%
2021 -0.71% -5.09%
2022 -0.29% -1.63%
2023 1.59% -5.16%
2024 1.87% -5.84%
2025 -3.4% -5.24%

Inflation comparison by year

Over the past 29 years, Kyrgyzstan has recorded an average annual inflation rate of 10%, compared with 4.5% in Slovakia. In 2024, inflation was 8% in Kyrgyzstan and 2.76% in Slovakia.

Inflation
Kyrgyzstan

Slovakia
Year Inflation
Kyrgyzstan Slovakia Kyrgyzstan Slovakia
1996 31.9% 5.78%
1997 23.4% 6.14%
1998 10.5% 6.67%
1999 35.9% 10.6%
2000 19.7% 12%
2001 6.9% 7.33%
2002 2.1% 3.13%
2003 3% 8.55%
2004 4.1% 7.55%
2005 4.3% 2.71%
2006 5.6% 4.48%
2007 10.2% 2.76%
2008 24.5% 4.6%
2009 6.8% 1.62%
2010 8% 0.96%
2011 16.6% 3.92%
2012 2.8% 3.61%
2013 6.6% 1.4%
2014 7.5% -0.08%
2015 6.5% -0.33%
2016 0.4% -0.52%
2017 3.2% 1.31%
2018 1.5% 2.51%
2019 1.1% 2.66%
2020 6.3% 1.94%
2021 11.9% 3.15%
2022 13.9% 12.8%
2023 10.8% 10.5%
2024 5% 2.76%
2025 8% -

Top exports between countries

Kyrgyzstan
Export category Export value
Raw materials & minerals $896K
Machinery & equipment $83K
Textiles & consumer goods $15K
Animal & marine products $6K
Metals $3K
Slovakia
Export category Export value
Machinery & equipment $58.7M
Raw materials & minerals $5.84M
Raw agricultural goods $2.7M
Textiles & consumer goods $2.56M
Miscellaneous $2.54M
Chemicals & pharma $2.27M
Metals $2.26M
Weapons & explosives $543K
Wood & paper products $307K
Processed food, beverages & tobacco $65K

Balance of trade

Kyrgyzstan Slovakia
Current account balance
-$5.18B
2022
-$3.89B
2024
Current account balance ranking
167/189
2022
159/189
2024
Current account balance, % of GDP
-42.7%
2022
-2.75%
2024
Goods imports
$9.17B
2022
$107B
2024
Goods exports
$2.25B
2022
$107B
2024
Service imports
$1.48B
2022
$13.1B
2024
Service exports
$1.37B
2022
$13.6B
2024
Imports of goods and services, % of GDP
95.5%
2023
85%
2024
Exports of goods and services, % of GDP
36.9%
2023
85.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Kyrgyzstan Slovakia
Economic freedom 55.6 68.4
Economic freedom ranking 127/197 48/197
Property rights 21.7 84.3
Government integrity 23.3 57.2
Judicial effectiveness 10.2 69.9
Tax burden 92.5 76.7
Government spending 64.8 38.7
Fiscal health 95.9 69.8
Business freedom 58.7 77
Labor freedom 52.9 58
Monetary freedom 63.4 64.5
Trade freedom 73.6 79.6
Investment freedom 60 75
Financial freedom 50 70

Economic freedom by year comparison

The Economic Freedom Index for Kyrgyzstan is 55.6, ranking 127/197, compared to 68.4 for Slovakia, ranking 48/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kyrgyzstan
Slovakia
Year Economic freedom index
Kyrgyzstan Slovakia
1995 - 60.4
1996 - 57.6
1997 - 55.5
1998 51.8 57.5
1999 54.8 54.2
2000 55.7 53.8
2001 53.7 58.5
2002 51.7 59.8
2003 56.8 59
2004 58 64.6
2005 56.6 66.8
2006 61 69.8
2007 60.2 69.6
2008 61.1 70
2009 61.8 69.4
2010 61.3 69.7
2011 61.1 69.5
2012 60.2 67
2013 59.6 68.7
2014 61.1 66.4
2015 61.3 67.2
2016 59.6 66.6
2017 61.1 65.7
2018 62.8 65.3
2019 62.3 65
2020 62.9 66.8
2021 63.7 66.3
2022 55.8 69.7
2023 55.8 69
2024 55.2 68.1
2025 55.6 68.4

More economic indicators

Kyrgyzstan Slovakia
Services, % of GDP
52.1%
2024
60%
2024
Industry, % of GDP
24.7%
2024
28.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
2.03%
2024
GNI, Atlas method
$15.5B
2024
$130B
2024
GNI per capita, PPP
$7,740
2024
$46,110
2024
Total reserves including gold
$5.09B
2024
$14.5B
2024
Total reserves ranking
100/177
2024
68/177
2024
Net foreign direct investment
-$509M
2022
-$1.27B
2024
Net inflows of foreign direct investment
$705M
2024
$3.58B
2024
Net outflows of foreign direct investment
$20M
2024
$2.31B
2024
Servicing debt to the IMF, % of GNI
7.87%
2023
n/a
Poverty at national poverty lines
25.7%
2024
13.7%
2021
Gross capital formation, % of GDP
34.5%
2023
20.1%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.