In 2023, the outflow of funds from individuals in Kyrgyzstan amounted to $561.2 million, of which $482.4 million went to Russia, according to the report from the National Statistical Committee of Kyrgyzstan. However, according to mirror data from the EAEU countries, a different picture emerges, Akchabar.kg reports.
Officially, Kyrgyzstan reports that in 2023, citizens transferred only $3.9 million to Kazakhstan. In contrast, Kazakh statistics indicate a sum of $82 million. There are also discrepancies in the data regarding transfers received from Kazakhstan: Kyrgyz statistics show $16.7 million, while Kazakh data indicates $132 million sent to Kyrgyzstan.
These discrepancies are not limited to Kazakhstan. According to national statistics, Kyrgyz citizens did not send money to Belarus and Armenia. However, Belarusian statistics show receipts of $900 thousand from Kyrgyzstan, which is three times more than in 2022 ($300 thousand). Armenia reports receiving $4 million from Kyrgyzstan.
Mirror data shows that Kyrgyzstan received $100 thousand from Belarus and $3.5 million from Armenia, while national statistics show no inflows from Belarus and transfers of $800 thousand from Armenia.
There is no data available for Russia for 2022-2023, but for 2021, the picture is as follows: Russian statistics indicate smaller amounts of transfers to Kyrgyzstan compared to national statistics. The difference amounts to $560.1 million: Kyrgyz statistics show $2.69 billion, while Russian statistics show $2.13 billion.
Regarding the outflow of funds from Kyrgyzstan to Russia, there are also discrepancies. Kyrgyz statistics indicate $542.4 million, whereas Russian statistics report $359.1 million.
According to the EEC data, the strongest outflow of funds from Kyrgyzstan to the EAEU countries in the last four years, starting from 2020, was observed in 2022, reaching $1.2135 billion. More than 77% of this amount went to Russia.
Interestingly, in all EAEU countries except Russia, for which there is no information, there was an increase in outflow in 2022. Moreover, in 2023, the outflow of funds from individuals continued to grow in these countries, while in Kyrgyzstan, it sharply slowed down by 53.8%.
A similar pattern was observed in the statistics on the volumes of cargo registration through customs posts between Kyrgyzstan and China, where differences in indicators reached fivefold some years ago. Moreover, the volume of imported goods into Kyrgyzstan was consistently lower compared to the figures from the Chinese side.
CentralasianLIGHT.org,
July 16, 2024