The three largest economies — Kazakhstan, Uzbekistan and Turkmenistan — account for 95% of Central Asia’s total GDP and are net exporters of hydrocarbons, says Eurasian Development Bank (EDB) in the reports titled “Macroeconomic Forecasts 2025-2027”.

In 2024, Central Asia’s nominal GDP could exceed $500bn. According to our estimates, it will increase by more than 10% and reach $519bn.

Kyrgyzstan’s and Tajikistan’s exports are chiefly 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.