The three largest economies of Central Asia
January 22, 2025 | 14:41 |7764
The three largest economies — Kazakhstan, Uzbekistan, and Turkmenistan — account for 95% of Central Asia's total GDP and are net exporters of hydrocarbons. This is stated in the Eurasian Development Bank's report "Macroeconomic Forecasts 2025-2027".
In 2024, Central Asia's nominal GDP could exceed $500 billion. According to EDB estimates, it will increase by more than 10% and reach $519 billion.
The exports of Kyrgyzstan and Tajikistan are based on metals and metal ores. All countries in the region have open economies, with the Kyrgyz Republic being the leader in terms of involvement in foreign trade.
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