Consumption in Kazakhstan

Kazakhstan Consumption | Economic News & Forecasts

Kazakhstan - Consumption

Growth picks up in 2019

An official release revealed that economic activity accelerated last year. GDP growth sped up to 4.5% in 2019, up from 4.1% in 2018, according to the Statistical Institute. Although a comprehensive release is not yet available, sturdy domestic activity seems to have buoyed the overall expansion. Household spending likely benefited from higher wages, while capital investment growth likely accelerated thanks to government efforts to improve the business climate and incentives for non-oil investment.

Growth is expected to moderate this year but should remain solid nonetheless. Robust output has strengthened the government’s hand to push ahead with its privatization agenda, which should foster solid fixed investment growth ahead. Exports are expected to gain some steam, although protracted weakness in Chinese demand due to the coronavirus outbreak pose a downside risk to the outlook.

Analysts surveyed by FocusEconomics see the economy expanding 3.8% in 2020, which is unchanged from last month’s estimate, and 3.9% in 2021.

Kazakhstan - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)1.8  1.2  1.5  6.1  5.8  

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Note: Private Consumption, annual variation in %.
Source: Agency of Statistics

Kazakhstan Facts

Value Change Date
Exchange Rate382.90.32 %Jan 01
Stock Market0.10.0 %Jan 07

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