Kazakhstan Economic Outlook
May 7, 2019
The short-term economic activity indicator, a proxy for economic growth, accelerated in March, although its overall performance in the first quarter fell short of that recorded in Q4 2018. Fixed investment surged in Q1, while higher real wages and increased credit availability likely buttressed household spending. On the production side, the industrial sector picked up steam in March, largely on the back of a rebound in Chinese manufacturing activity. In the political arena, uncertainty has resurfaced after interim President Kassym-Jomart Tokayev called a snap election for 9 June in early April. Tokayev is favorite to win, whose victory would ensure a high degree of policy continuity on the economic front. Meanwhile, Dariga Nazarbayeva, the former president’s daughter, has shown no intentions of running in the race.Kazakhstan Economic Growth
The economy is set to decelerate this year on a fall in exports given the challenging external conditions, while growth of oil output moderates on overhauls at the Kashagan, Karachaganak and Tengiz oil fields. On the demand side, the stimulus package should support consumption spending. Meanwhile, uncertainty over who will take the reins clouds the outlook. FocusEconomics analysts expect GDP to increase 3.4% in 2019, which is unchanged from last month’s estimate, and also 3.4% in 2020.Kazakhstan Economy Data
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Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 379.5 | 0.32 % | May 13 |
| Stock Market | 0.1 | 0.0 % | May 13 |
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Kazakhstan Economic News
Kazakhstan: Economy loses momentum in first quarter of the year
May 20, 2019
Economic growth declined to 3.8% in annual terms in January–March, from the 4.1% year-on-year expansion recorded in January–December 2018, according to a preliminary estimate released on 20 May. A breakdown of key sectors revealed that industry grew at a notably softer pace of 3.2% in January–March, down from 4.2% in January–December 2018.
Kazakhstan: Industrial sector loses considerable steam in April
May 17, 2019
The industrial sector decelerated notably in April, growing 1.9% over the same day last month.
Kazakhstan: Surge in export growth drives 2018’s solid expansion
May 6, 2019
A recently-released breakdown of GDP by expenditure confirmed that the economy grew 4.1% in 2018, thus sustaining the solid pace of expansion logged in the January–September period, in which the economy also expanded 4.1% year-on-year.
Kazakhstan: Inflation inches up in April
May 2, 2019
Consumer prices increased 0.5% over the previous month in April, matching March’s print.
Kazakhstan: Industrial sector grows at the swiftest pace in five months in March
April 15, 2019
Industrial production grew 4.2% year-on-year in March, up from February’s 3.5% expansion.
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