Indicator 17.13.1.1 Macroeconomic Dashboard

Kyrgyz Republic

As a percentage of the previous year, Million soms, Million USD

“a) In the system of national accounts, gross domestic product is considered the main macroeconomic indicator. Gross Domestic Product (GDP) - the most important indicator of national accounts, characterizing the state and development of the economy of the Kyrgyz Republic over a certain period. It reflects the value of goods and services produced in a country and intended for final consumption, accumulation and export. The main indicators for calculating GDP by the production method are:

1. Gross output (BB);
2. Intermediate Consumption (PP);
3. Gross value added (GVA) (3 = 1-2);
4. Taxes on products (NP);
5. Subsidies for products (JV);
6. Net taxes on products (NPV) (6 = 4-5);
7. Gross domestic product (7 = 3 + 6). c) The consumer Price Index (CPI) is a price index that is calculated for a specific group of goods and services that determine the composition of the consumer basket and is calculated over a certain period of time. e) The state budget deficit is the amount of excess of budget expenditures over its revenues. g) “Export of goods” means the export from the territory of the Kyrgyz Republic to the territory of another country of goods that reduce the reserves of the republic’s material resources.
   “Import of goods” is the import into the territory of the Kyrgyz Republic from the territory of another country of goods that are added to the reserves of the republic’s material resources.

”

a, b) Gross value added is the difference between the cost of goods and services produced (output) and the cost of goods and services fully consumed during production (intermediate consumption). Intermediate consumption is the cost of consumed goods (excluding consumption of fixed capital) and consumed market services during the reporting period for the purpose of producing other goods and services. Specific gravity - indicates the importance, value, or influence of someone or something among homogeneous phenomena in a particular area of human activity/society. The specific weight of tax, wages, profits, etc. is calculated. d) The Producer Price Index for Industrial products (PPI) is a relative indicator that is formed on the basis of prices of manufacturing enterprises and characterizes their average change in the industrial products they produce. Producer prices of industrial products, basic manufacturing enterprises, base period, average base price, weights. e) State budget revenues consist of five main sources: taxes and other mandatory transfers levied by State units; property income received in connection with the ownership of assets; sales of goods and services; voluntary transfers received from other units; income from the sale of non-financial assets. Government budget expenditures include all non-refundable payments, regardless of whether they are reimbursable (i.e., paid in exchange for something) or gratuitous, and for what purposes they are carried out - for operating activities or for the acquisition of non-financial assets.

“(a) The Production Account occupies a special place in the system of National Accounts (SNA), as it is the first account in a series of current accounts, and the methodology for its construction determines the methodology for constructing all subsequent accounts. The structure of GDP by type of economic activity or method of production at current prices in the system of national accounts shows the sectoral structure of economic growth, which allows us to obtain useful information about the results of the functioning of the economy. The calculation of GDP by the production method is carried out in SOM and in US dollars (at the official exchange rate of the NBKR). e) The amount of excess of budget revenues over its expenditures is called the budget surplus. g) Accounting of goods in the statistics of foreign and mutual trade in goods is carried out on the basis of the general trading system, which takes into account all goods that are added to the reserves of material resources of the Kyrgyz Republic as a result of their importation into the territory of the Republic, or reduce the reserves of material resources of the Kyrgyz Republic as a result of their export from the territory of the republic outside the country. “

a) Relative size of the structure or Specific gravity = GVA of the industry/ GDP * 100% or d(share)=GVA of the industry /sum of GDP * 100% Sum of shares = 100%. c) Calculation of average prices (tariffs): At the city level - according to the formula of the geometric average unweighted value, at the republic level – as the arithmetic weighted average. Calculation of the consumer price index: at the first stage, individual price indices for goods and services are calculated. At stage II, higher-level indices are created by aggregating individual price indices using the share of expenditures on the purchase of goods (services) in total household consumer spending. The CPI is calculated according to the modified Laspeyres formula.

d) Calculation of producer price index:

• at the regional level - according to the formula of the arithmetic mean unweighted value,
• at the republic level, it is considered as a weighted arithmetic mean.
  The producer price index is calculated in two stages:
  At the first stage, individual price indices for representatives’ goods are calculated.
  At the second stage, higher-level indexes are created by aggregating individual price indices. The calculation of the PPI is carried out in accordance with the modified Laspeyres formula.

“a) It does not cover all operations related to the production process, but only the results of production (output) and the use of goods and services in the production of these products (intermediate consumption). g) Accounting of goods in the statistics of foreign and mutual trade in goods is carried out on the basis of the “common” trading system, which takes into account all goods that are added to the reserves of material resources of the Kyrgyz Republic as a result of their import into the territory of the Republic, or reduce the reserves of material resources of the Kyrgyz Republic as a result of their export from the territory of the Republic to the territory of a third country “

a) Logical and arithmetic control of the accounting data is carried out.

“a) Dynamic series have been available since 1990. The data is published in various publications of the National Statistical Committee, posted on the NSC website. e) Data on the indicator has been available in annual dynamics since 1990, available on the NSC KR website in the section “Statistics” / ““Finance” / Deficit (-), surplus of the state budget.xls. (g) Dynamic series have been available since 2006. The data is published in various publications of the National Statistical Committee, posted on the NSC website. “

a) The data is calculated at the national level. e) Data on the indicator are presented for the Kyrgyz Republic as a whole and by sources of financing.

“a) The methodology for calculating GDP was developed on the basis of the international standards of the 1993 SNA and complies with the principles of international comparability of data for all calculated indicators. e) In accordance with the IMF’s 2001 Guidelines on Public Finance Statistics. g) The formation of statistical indicators on foreign and mutual trade has been developed in accordance with the Methodology for the Formation and Maintenance of Statistical Indicators on Foreign trade in goods with third countries dated January 17, 2019, as well as the Methodology for the Formation and Maintenance of Statistical Indicators on mutual trade in goods with the EAEU Member States, which were developed on the basis of Decision No. 210 of the Board of the Eurasian Economic Commission dated December 25, 2018 “On Approval of the Methodology for Maintaining Statistics on Mutual Trade in Goods of the Eurasian Economic Union Member States the Union and the Methodology for Maintaining Customs statistics on foreign trade in Goods of the Eurasian Economic Union member States Economic Union” in order to establish common methodological approaches to maintaining statistics on foreign trade in goods in the EAEU member States that comply with the international standard “Statistics on International Trade in Goods: Concepts and Definitions, 2010”. “

National SDG Reporting Platform: https://sustainabledevelopment-kyrgyzstan.github.io Metadata on the UN website: https://unstats.un.org/sdgs/metadata/

(a) Data collection, processing and calculation is carried out by the National Statistical Committee (b) Data collection, processing and calculation is carried out by the National Statistical Committee. c) Data collection, processing and calculation is carried out by the National Statistical Committee. d) Data collection, processing and calculation is carried out by the National Statistical Committee. e) Data on the state budget deficit - administrative data from the Central Treasury of the Ministry of Finance of the Kyrgyz Republic (hereinafter referred to as the Central Committee of the Ministry of Finance of the Kyrgyz Republic) from reports on the execution of state, republican and local budgets. f) Data collection, processing and calculation is carried out by the National Statistical Committee of the Kyrgyz Republic. g) Data collection, processing and calculation is carried out by the National Statistical Committee of the Kyrgyz Republic.

“a, b) The units of statistical observation are enterprises, organizations, institutions, unincorporated household enterprises and the rest of the world. Statistical information is collected for calculating GDP based on the results of annual developments of industry departments, statistical accounting of enterprises, organizations, institutions of all forms of ownership and a sample survey of household budgets, using the results of surveys, surveys and expert assessments of the unobserved part of the economy, as well as information on the execution of the state budget and extra-budgetary funds. c) Data for prices are collected from trading companies, regardless of the form of ownership. Both domestically produced goods and imported goods are included in the monitoring. d) Information on prices for the observed types of products is provided by industrial enterprises in accordance with the approved form No. 1-CP “Report on prices of manufacturers of industrial goods and services”. This information is then sent to the GVC for processing. e) The Central Committee of the Ministry of Finance of the Kyrgyz Republic provides reports on the execution of state, republican and local budgets to the NSC of the Kyrgyz Republic on a monthly and annual basis.
f) Foreign trade turnover is an economic indicator measured in monetary terms that characterizes the volume of a country’s foreign trade. The growth rate is a relative economic indicator showing the percentage growth of one indicator over the same indicator of the previous period.
The country’s foreign trade balance is the ratio of the value of goods exported from the country to the value of goods imported into the country over a certain period of time. g) The statistical value of the goods is the value of the goods determined by the terms of the transaction, expressed in US dollars and SOM, reduced to a single price base in accordance with the basic conditions of delivery of the goods. The basic terms of delivery of the goods are determined according to the Rules International Chamber of Commerce on the use of national and International trade terms “Incoterms 2010”. The statistical value of the product is indicated in conjunction with the cost of delivering the goods to the border of the importing (exporting) country, converted into US dollars and SOM, respectively. When converting SOMS into US dollars, the exchange rate established by the National Bank of the Kyrgyz Republic at the time (date) of receipt of goods at the warehouse upon import and at the time (date) of shipment of goods from the warehouse upon export is applied. As a general rule, the statistical cost is calculated: a) for exported goods - at FOB prices - the price of the goods, including its cost and all shipping costs to the border of the exporting country; b) for imported goods - at CIF prices - the price of the goods, including its cost and the cost of insurance and transportation to the border of the importing country. The statistical value of certain categories of goods is determined taking into account the following features: a) for non-monetary gold, as well as collectible coins made of precious metals that do not act as a means of payment, their commercial value is taken into account.; b) in respect of banknotes, securities and coins that are not In circulation, the cost of paper, metal, and the cost of printing and stamping them is taken into account, rather than their nominal value.; c) with respect to recorded media , the total cost of the media and the information contained therein is taken into account. ; d) in respect of goods obtained as a result of processing (compensating products), the total cost is taken into account (the cost of goods to be processed and the value added as a result of processing, including the cost of processing services). Invoice value – the value stipulated by the terms A trade transaction is the price of the goods actually paid or payable , taking into account the terms of its delivery, i.e. indicated on the invoice. Transportation costs and insurance may or may not be included “

National Statistical Committee of the Kyrgyz Republic

a) Isenkulova E. K., (Office of National Accounts) b) Isenkulova E. K., (Department of National Accounts) c) Nurbayeva A.T., (Department of Price Statistics) d) Nurbayeva A.T., (Department of Price Statistics) e) Abdukadirova M.A., (Department of Finance Statistics) f) Sulaimanova G.N. (Department of Foreign Trade Statistics) g) Sulaimanova G.N. (Department of Foreign Trade Statistics)

a)      eisenkulova@stat.kg b) eisenkulova@stat.kg c) ceny@stat.kg d) ceny@stat.kg e) m.abdukadirova@stat.kg f) gsulaimanova@stat.kg g) gsulaimanova@stat.kg

(0312) 32 46 95

www.stat.gov.kg