STRATEGY FOR THE DEVELOPMENT OF THE EXPORT-IMPORT POTENTIAL OF THE KYRGYZ REPUBLIC IN A MARKET ECONOMY

Abstract

The article examines the growth rates from the period 2000 to 2019, as well as the reform of the foreign economic sphere, increasing the export potential of the country and how capable the national industry and individual enterprises are to improve their competitive position in the world market and win new market segments abroad. In the period from 2000 to 2019, the average GDP growth rate of the country was 4.4%, which allowed the Kyrgyz Republic to rise to the category of countries with incomes below the average by 2014. Three decades ago, after the collapse of the Soviet Union, Kyrgyzstan was one of the poorest countries in Central Asia. Economic growth has contributed to improving the well-being of the population: the poverty rate has decreased by 50% (from 60% in 2000 to 30% in 2010), but since then there has been little further reduction in the number of poor. In 2019, against the background of the absence of significant external and internal destabilizing phenomena, macroeconomic policy was focused mainly on ensuring positive dynamics of economic growth and keeping the inflation rate within the target.