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Economy of Kyrgyzstan vs Ukraine compared: GDP & Debt

Updated on by Georank team

Kyrgyzstan has a GDP of $17.5B compared to $191B for Ukraine, ranking 135/197 and 57/197 by economy size, respectively.

Kyrgyzstan has $6.56B in government debt (37.5% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Kyrgyzstan vs Ukraine GDP by year

Kyrgyzstan
Ukraine
1x
Year GDP, current $
Kyrgyzstan Ukraine
2024 $17,478,259,659 $190,741,262,415
2023 $15,180,842,369 $181,221,517,869
2022 $12,134,931,018 $161,989,520,721
2021 $9,249,133,946 $199,765,859,571
2020 $8,270,468,614 $156,617,722,013
2019 $9,371,275,264 $153,883,047,510
2018 $8,271,106,235 $130,891,088,294
2017 $7,702,938,379 $112,090,505,082
2016 $6,813,095,379 $93,355,869,404
2015 $6,678,177,512 $91,030,967,789
2014 $7,468,102,413 $133,503,871,862
2013 $7,335,033,801 $190,498,811,460
2012 $6,605,142,884 $182,591,753,828
2011 $6,197,765,984 $169,333,835,202
2010 $4,794,361,863 $141,209,170,427
2009 $4,690,061,381 $121,552,153,444
2008 $5,139,958,909 $188,110,390,660
2007 $3,802,570,553 $148,733,861,386
2006 $2,834,168,889 $111,884,752,475
2005 $2,460,246,766 $89,238,865,119
2004 $2,211,534,585 $67,220,154,164
2003 $1,919,008,090 $52,010,355,753
2002 $1,605,643,105 $43,956,163,612
2001 $1,525,116,370 $39,309,580,983
2000 $1,369,688,498 $32,375,083,935
1999 $1,249,061,487 $31,580,639,554
1998 $1,645,963,750 $41,882,523,345
1997 $1,767,864,036 $50,151,531,592
1996 $1,827,570,586 $44,558,831,005
1995 $1,661,147,035 $48,213,856,469
1994 $1,681,780,847 $52,549,580,265
1993 $2,026,019,253 $65,648,559,903
1992 $2,315,346,943 $73,945,908,384
1991 $2,542,256,424 $77,350,733,982
1990 $2,660,202,623 $81,393,558,423
1989 - $82,709,161,099
1988 - $74,703,517,903
1987 - $64,087,694,038

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

GDP per capita in Kyrgyzstan vs Ukraine by year

Kyrgyzstan
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kyrgyzstan Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,420 $8,012 $5,038 $18,550
2023 $2,138 $7,298 $4,803 $17,665
2022 $1,740 $6,578 $3,946 $14,770
2021 $1,350 $5,736 $4,510 $17,846
2020 $1,230 $5,179 $3,505 $15,541
2019 $1,422 $5,304 $3,423 $14,217
2018 $1,284 $4,778 $2,895 $12,555
2017 $1,221 $4,954 $2,467 $11,536
2016 $1,103 $4,604 $2,047 $10,865
2015 $1,106 $4,153 $1,988 $9,922
2014 $1,265 $4,228 $2,904 $10,494
2013 $1,270 $4,001 $4,130 $10,904
2012 $1,169 $3,589 $3,951 $9,552
2011 $1,117 $3,278 $3,657 $9,127
2010 $877 $3,076 $3,040 $8,453
2009 $870 $3,097 $2,607 $7,995
2008 $966 $3,031 $4,018 $9,324
2007 $722 $2,770 $3,160 $8,900
2006 $543 $2,508 $2,366 $7,971
2005 $477 $2,386 $1,875 $7,142
2004 $433 $2,343 $1,401 $6,663
2003 $381 $2,158 $1,076 $5,764
2002 $322 $1,998 $903 $5,123
2001 $308 $1,986 $800 $4,747
2000 $279.6 $1,862 $653 $4,228
1999 $258 $1,747 $632 $3,871
1998 $345 $1,687 $831 $3,794
1997 $376 $1,659 $987 $3,794
1996 $395 $1,505 $870 $3,812
1995 $364 $1,401 $933 $4,124
1994 $372 $1,466 $1,009 $4,565
1993 $449 $1,795 $1,254 $5,766
1992 $513 $2,075 $1,413 $6,568
1991 $570 $2,382 $1,483 $7,148
1990 $606 $2,544 $1,564 $7,591
1989 - - $1,593 -
1988 - - $1,444 -
1987 - - $1,244 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

Kyrgyzstan's GDP per capita is $2,420, ranking 150/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Kyrgyzstan ranks 141st at $8,012, while Ukraine ranks 101st at $18,550.

Economic indicators

Kyrgyzstan Ukraine
Gross domestic product
$17.5B
2024
$191B
2024
GDP rank
135/197
2024
57/197
2024
GDP growth
9.04%
2023-2024
2.91%
2023-2024
GDP per capita
$2,420
2024
$5,038
2024
GDP per capita rank
150/197
2024
120/197
2024
GDP per capita, PPP
$8,012
2024
$18,550
2024
GDP per capita PPP rank
141/197
2024
101/197
2024
Government debt
$6.56B
2024
$171B
2024
Debt-to-GDP ratio
37.5%
2024
89.7%
2024
Government debt per person
$908
2024
$4,520
2024
Government debt per person rank
144/185
2024
86/185
2024
Average annual personal income after taxes
$4,187
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
23%
2023
21.7%
2020
Income share by poorest 10%
4.3%
2023
4.3%
2020
Government expenditure, % of GDP
33.7%
2024
71.3%
2024
Consumer prices inflation
5%
2023-2024
6.5%
2023-2024
Central bank interest rate
10%
2025
15.5%
2025
Unemployment rate
3.5%
2023
9.83%
2021
Population
7471102
40125599

Spending and national debt comparison by year

Kyrgyzstan
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Kyrgyzstan Ukraine
Government spending Government debt Government spending Government debt
2024 33.7% 37.5% 71.3% 89.7%
2023 32.9% 42% 73.4% 81.2%
2022 35% 46.8% 65.4% 77.7%
2021 32.1% 56.2% 40.5% 48.9%
2020 32.1% 63.6% 45.6% 60.5%
2019 30.8% 48.8% 41.5% 50.5%
2018 33.1% 54.8% 41.9% 60.4%
2017 37% 58.8% 41.7% 71.6%
2016 38.9% 59.1% 40.8% 79.5%
2015 38.1% 67.1% 43% 79.3%
2014 38.5% 53.6% 44.8% 70.3%
2013 38.1% 47.1% 48.1% 40.5%
2012 40.6% 50.5% 49% 37.5%
2011 37.4% 50.1% 45.7% 36.9%
2010 37.1% 59.7% 49.2% 40.6%
2009 32.5% 58.5% 48.6% 35.4%
2008 27.9% 49% 47.1% 20.4%
2007 29.6% 57.7% 43.7% 12.3%
2006 29.1% 73.4% 44.6% 14.8%
2005 29.1% 85.7% 44.2% 17.7%
2004 28.5% 92.7% 41.6% 24.8%
2003 28.1% 108.2% 38.9% 29.4%
2002 29.3% 107.9% 37.9% 33.6%
2001 28.1% 108.2% 36.7% 36.7%
2000 30.2% 123.3% 35.5% 43.8%
1999 35.9% 119.6% 25.8% 59%
1998 35.9% 85.1% 37.1% 46.5%
1997 31.1% 64.8% 40.8% 28.9%
1996 28.6% 57.7% 36.9% 24.4%
1995 37.9% 52.4% 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

In 2024, Kyrgyzstan's government spending was $5.89B, accounting for 33.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 37.5% in Kyrgyzstan and 89.7% in Ukraine, ranking 140/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Kyrgyzstan

Ukraine
1x
Year Deficit/surplus, % of GDP
Kyrgyzstan Ukraine
2024 1.87% -17.2%
2023 1.59% -19.3%
2022 -0.29% -15.6%
2021 -0.71% -3.97%
2020 -3.06% -5.92%
2019 -0.07% -2.08%
2018 -0.59% -2.12%
2017 -3.73% -2.36%
2016 -5.79% -2.46%
2015 -2.52% -1.16%
2014 -3.07% -4.46%
2013 -3.7% -4.78%
2012 -5.86% -4.31%
2011 -4.7% -2.76%
2010 -5.95% -5.77%
2009 0.38% -6.27%
2008 1.92% -3.14%
2007 1.28% -1.97%
2006 -2.1% -1.36%
2005 -3.79% -2.28%
2004 -4.89% -4.41%
2003 -5.17% -0.89%
2002 -5.9% -1.84%
2001 -6.75% -3.03%
2000 -10.7% -3.19%
1999 -13.5% 4.95%
1998 -12% -2.69%
1997 -9.3% -5.37%
1996 -9.1% -3.09%
1995 -13.5% -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

In 2024, Kyrgyzstan's government surplus, the difference between spending and revenue, was $327M, equivalent to 1.87% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Kyrgyzstan recorded a fiscal deficit in 25 of those years, while Ukraine ran a deficit in 29 years. On average, Kyrgyzstan posted an annual deficit equal to 4.32% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Kyrgyzstan

Ukraine
1x
Year Consumer prices inflation
Kyrgyzstan Ukraine
2024 5% 6.5%
2023 10.8% 12.9%
2022 13.9% 20.2%
2021 11.9% 9.4%
2020 6.3% 2.7%
2019 1.1% 7.9%
2018 1.5% 10.9%
2017 3.2% 14.4%
2016 0.4% 13.9%
2015 6.5% 48.7%
2014 7.5% 12.1%
2013 6.6% -0.3%
2012 2.8% 0.6%
2011 16.6% 8%
2010 8% 9.4%
2009 6.8% 15.9%
2008 24.5% 25.2%
2007 10.2% 12.8%
2006 5.6% 9.1%
2005 4.3% 13.5%
2004 4.1% 9%
2003 3% 5.2%
2002 2.1% 0.8%
2001 6.9% 12%
2000 19.7% 28.2%
1999 35.9% 22.7%
1998 10.5% 10.6%
1997 23.4% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

Over the past 28 years, Kyrgyzstan has recorded an average annual inflation rate of 9.25%, compared with 12.8% in Ukraine. In 2024, inflation was 5% in Kyrgyzstan and 6.5% in Ukraine.

Top exports between countries

Kyrgyzstan
Export category Export value
Machinery & equipment $7.53M
Miscellaneous $3.94M
Raw materials & minerals $544K
Raw agricultural goods $137K
Textiles & consumer goods $126K
Animal & marine products $113K
Processed food, beverages & tobacco $76K
Wood & paper products $26K
Chemicals & pharma $16K
Ukraine
Export category Export value
Chemicals & pharma $11.9M
Animal & marine products $10M
Processed food, beverages & tobacco $7.66M
Machinery & equipment $3.25M
Wood & paper products $1.07M
Textiles & consumer goods $710K
Metals $268K
Raw materials & minerals $189K
Raw agricultural goods $150K
Miscellaneous $43K

Balance of trade

Kyrgyzstan Ukraine
Current account balance
-$5.18B
2022
-$15.1B
2024
Current account balance ranking
167/190
2022
179/190
2024
Current account balance, % of GDP
-42.7%
2022
-7.94%
2024
Goods imports
$9.17B
2022
$72.3B
2024
Goods exports
$2.25B
2022
$39.3B
2024
Service imports
$1.48B
2022
$22.9B
2024
Service exports
$1.37B
2022
$17.3B
2024
Imports of goods and services, % of GDP
84.2%
2024
48.3%
2024
Exports of goods and services, % of GDP
43.4%
2024
29.4%
2024

Economic freedom indices

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

Kyrgyzstan Ukraine
Economic freedom 56 54.1
Economic freedom ranking 126/197 135/197
Property rights 22.9 21.6
Government integrity 23.9 35
Judicial effectiveness 8.3 28.2
Tax burden 93.2 83.7
Government spending 65.6 0
Fiscal health 97.2 3.9
Business freedom 58.2 57.4
Labor freedom 52.3 46.9
Monetary freedom 68 65.7
Trade freedom 72.6 73
Investment freedom 60 35
Financial freedom 50 30

Economic freedom comparison by year

Kyrgyzstan
Ukraine
1x
Year Economic freedom index
Kyrgyzstan Ukraine
2026 56 -
2025 55.6 -
2024 55.2 -
2023 55.8 -
2022 55.8 54.1
2021 63.7 56.2
2020 62.9 54.9
2019 62.3 52.3
2018 62.8 51.9
2017 61.1 48.1
2016 59.6 46.8
2015 61.3 46.9
2014 61.1 49.3
2013 59.6 46.3
2012 60.2 46.1
2011 61.1 45.8
2010 61.3 46.4
2009 61.8 48.8
2008 61.1 51
2007 60.2 51.5
2006 61 54.4
2005 56.6 55.8
2004 58 53.7
2003 56.8 51.1
2002 51.7 48.2
2001 53.7 48.5
2000 55.7 47.8
1999 54.8 43.7
1998 51.8 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

The Economic Freedom Index for Kyrgyzstan is 56, ranking 126/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kyrgyzstan Ukraine
Services, % of GDP
52.1%
2024
60.6%
2024
Industry, % of GDP
24.7%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
8.61%
2024
7.11%
2024
GNI, Atlas method
$15.8B
2024
$184B
2024
GNI per capita, PPP
$7,900
2024
$18,560
2024
Total reserves including gold
$5.09B
2024
$43.8B
2024
Total reserves ranking
100/177
2024
46/177
2024
Net foreign direct investment
-$509M
2022
-$3.71B
2024
Net inflows of foreign direct investment
$705M
2024
$4.02B
2024
Net outflows of foreign direct investment
$20M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
4.74%
2024
5.42%
2024
Poverty at national poverty lines
25.7%
2024
23.2%
2020
Gross capital formation, % of GDP
29.8%
2024
18.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/kyrgyzstan/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.