National Debt (% of GDP): Kyrgyz Republic

Analysis# Kyrgyz Republic National Debt (% of GDP) The Kyrgyz Republic's national debt stands at 38.3% of GDP in 2026, representing a dramatic recovery from its crisis peak of 123.3% in 2000. The country has achieved a 68.9% reduction in debt-to-GDP ratio over the past quarter-century, moving substantially closer to its all-time low of 37.5% recorded in 2024. This sustained improvement reflects decades of fiscal consolidation and economic stabilization following the tumultuous post-independence period. The most significant turning point occurred between 2000 and 2010, when debt fell from over 120% to manageable levels. Recent years show further refinement: debt declined steadily from 58.8% in 2017 to 37.5% in 2024 before stabilizing near that floor. Projections through 2026 suggest debt will remain anchored around 38%, indicating the country has largely completed its deleveraging process and expects modest stability ahead.