Advocacy Resources

Energy prices and GDP growth in oil-exporting Central Asian countries , 1992–2016

Date
26 Mar 2018
Publisher
Asia-Pacific SDG Partnership

This figure shows the effects of energy price fluctuations on the GDP of the four most oil dependent countries in Central Asia. While not all Central Asian economies are energy exporters, energy importers such as Kyrgyzstan and Tajikistan are dependent on remittances, mostly from the Russian Federation. Since the Russian Federation is also reliant on fuel exports and revenues, reductions in oil prices led to declining remittances in non-energy-exporting countries in Central Asia.