GDP of Kabardino-Balkaria will amount to $2,8 billion by the end of 2021

The gross domestic product (GDP or GRP) of Kabardino-Balkaria will increase to 200 billion rubles ($2,8 billion)  by the end of 2021 with a growth rate of 2.6%. This was announced by the Prime Minister of the republic, Ali Musukov.

"GRP at the end of 2020 amounted to just over 180 billion rubles, or 102.1% of the level of 2019. We plan to end the current year 2021 at the level of gross regional product exceeding 200 billion rubles, with a growth rate of 2.6%. Last year, despite the restrictive measures in force in the sectors of the economy, it was possible to demonstrate a significant positive dynamics of the industrial production index - goods of its own production were shipped in the amount of over 50 billion rubles,- Musukov said.