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Central Asia Economic Terminal

Auto-updated from primary sources · 19 Aug 2026, 00:50 CET
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Kazakhstan key rate 16.75%, CPI 9.4% · Uzbekistan key rate 14.00%, CPI 7.2% · Kyrgyzstan key rate 12.00%, CPI 11.5% — from 12 primary sources. Below: cross-country matrix, productive sectors at PPP (Sapir view), 24-month trends, structural signals incl. food-spending shares and quick answers.

BRENT$91.350.0% GAS TTF€63.92+3.5% GOLD$4,396+0.2% WHEAT¢679+0.3% COPPER$6.47+0.4% EUR/USD1.1576-0.1% USD/KZT460.13-0.3% USD/UZS11,820-0.3% USD/KGS87.450.0% USD/TJS9.260.0% USD/TMT3.500.0% BRENT$91.350.0% GAS TTF€63.92+3.5% GOLD$4,396+0.2% WHEAT¢679+0.3% COPPER$6.47+0.4% EUR/USD1.1576-0.1% USD/KZT460.13-0.3% USD/UZS11,820-0.3% USD/KGS87.450.0% USD/TJS9.260.0% USD/TMT3.500.0%

Key indicators latest available · period shown per value

CountryFX / USDFX Δ1YCPI YoYKey rateReal rate GDP 2025GDP 2026fGDP 2027f Unemp.C/A %GDP 2026fDebt %GDP 2026f
Kazakhstan 460.13KZT -14.9% 9.4%2026e 16.75%18 Aug +7.4% +6.5% +4.3% +3.8% 4.6%2026 -3.7% 27.9%
Uzbekistan 11,820UZS -6.9% 7.2%2026e 14.00%17 Jun CHECK +6.8% +7.7% +5.8% +5.7% 4.5%2026 -4.8% 32.9%
Kyrgyzstan 87.45KGS — 11.5%Jul 2026 12.00%18 Aug +0.5% +11.1% +5.3% +5.8% 4.0%2026 -7.5% 39.5%
Tajikistan 9.257TJS -2.6% 5.5%2026e 7.00%18 Aug +1.5% +8.4% +5.0% +4.8% 6.9%2025 -2.1% 28.2%
Turkmenistan 3.500TMT — 8.0%2026e — — +6.3% +2.3% +2.3% 4.3%2025 +0.6% 4.4%
FX Δ1Y: change vs USD over ~12 months, + = currency weakened. CPI marked e = IMF WEO annual-average forecast, shown where monthly national data lags more than 4 months. Real rate = policy rate − CPI YoY. GDP 2026f/2027f: IMF World Economic Outlook forecast. C/A = current account balance. Turkmenistan: manat officially pegged at 3.50/USD since 2015; use official data with caution.

Compare & context

Kazakhstan vs Uzbekistan Kazakhstan vs Kyrgyzstan Tajikistan vs Uzbekistan Turkmenistan vs Uzbekistan Kazakhstan vs Russia All comparisons → Business Wire · Live

Productive sectors · Sapir view agriculture + industry incl. construction, valued at PPP

CountryAgri %Industry %of which Mfg %Productive shareGDP PPP $bnProductive GDP PPP $bn
Germany ref 2025 0.9 25.2 17.6 26.0% 6,296 1,639
France ref 2025 1.4 16.8 9.5 18.2% 4,396 799
United Kingdom ref 2025 0.6 16.5 7.7 17.1% 4,489 769
Kazakhstan 2025 3.7 32.3 12.7 36.1% 923 333
Uzbekistan 2025 16.6 32.5 20.8 49.1% 504 247
Turkmenistan 2025 12.4 36.0 — 48.3% 172 83
Tajikistan 2024 23.1 32.4 13.2 55.5% 57 32
Kyrgyzstan 2025 8.0 26.5 13.7 34.5% 68 23
Method: following Jacques Sapir's argument that services-heavy nominal GDP understates the weight of economies with large goods-producing sectors, this table values the productive base (agriculture + industry incl. construction, share of GDP) at purchasing power parity. Germany, France and the UK shown for reference. Source: World Bank WDI, latest available year per country. Sector shares are value-added shares of GDP.

Beneath the surface structural signals

CountryFood % of spendPrice level idxRemittances %GDPCredit %GDPTrade %GDPPop. growth
Kazakhstan 24.5%2021 33 0.1% 28% 57% +1.21%
Uzbekistan 33.6%2021 29 14.3% 31% 57% +1.88%
Kyrgyzstan 42.2%2021 33 17.6% 22% 92% +1.66%
Tajikistan 43.3%2021 28 57.7% 12% 59% +1.83%
Turkmenistan — 29 — — 28% +1.65%
Food % of spend: household spending on food and non-alcoholic beverages as share of consumption — the classic Engel signal, poorer economies spend more (Germany: ~12%). Sources: Eurostat national accounts (EU members), World Bank ICP 2021 benchmark (others). Price level index = nominal GDP ÷ PPP GDP × 100 (US = ~100). Low values signal an undervalued price level — the gap Sapir's PPP argument exploits. Remittance shares above 10% signal external dependence on labor migration. Source: World Bank WDI, latest year.

Latest Central Asia analysis

Quick answers live values, auto-updated

What is Kazakhstan's key interest rate?

16.75% — official policy rate, as of 18 Aug. Source: National Bank of Kazakhstan.

How high is inflation in Kazakhstan?

9.4% expected annual average 2026 (IMF WEO forecast).

How much of their spending do people in Kazakhstan put toward food?

24.5% of household consumption goes to food and non-alcoholic beverages (2021, World Bank ICP 2021). Germany for comparison: about 12%.

What is Uzbekistan's key interest rate?

14.00% — official policy rate, as of 17 Jun. Source: Central Bank of Uzbekistan.

How high is inflation in Uzbekistan?

7.2% expected annual average 2026 (IMF WEO forecast).

How much of their spending do people in Uzbekistan put toward food?

33.6% of household consumption goes to food and non-alcoholic beverages (2021, World Bank ICP 2021). Germany for comparison: about 12%.

What is Kyrgyzstan's key interest rate?

12.00% — official policy rate, as of 18 Aug. Source: National Bank of the Kyrgyz Republic.

How high is inflation in Kyrgyzstan?

11.5% year-over-year, Jul 2026.

How much of their spending do people in Kyrgyzstan put toward food?

42.2% of household consumption goes to food and non-alcoholic beverages (2021, World Bank ICP 2021). Germany for comparison: about 12%.

What is Tajikistan's key interest rate?

7.00% — official policy rate, as of 18 Aug. Source: National Bank of Tajikistan.

How high is inflation in Tajikistan?

5.5% expected annual average 2026 (IMF WEO forecast).

How much of their spending do people in Tajikistan put toward food?

43.3% of household consumption goes to food and non-alcoholic beverages (2021, World Bank ICP 2021). Germany for comparison: about 12%.

Sources & update cycle

Central Bank of Turkmenistan · Central Bank of Turkmenistan · ECB cross · Central Bank of Uzbekistan · European Central Bank · ICE/NYMEX/CBOT via Yahoo Finance · IMF CPI database (national statistics) · IMF World Economic Outlook · National Bank of Kazakhstan · National Bank of Tajikistan · National Bank of the Kyrgyz Republic · World Bank ICP 2021 · World Bank WDI. Exchange rates, market and commodity data update hourly; policy rates daily; CPI, industrial production and unemployment monthly on release; GDP, sector and structural data with World Bank/IMF revisions. Values marked CHECK have not been confirmed by the source in over 60 days. Compiled by Eastern Economy — no investment advice.