Current Account in Kazakhstan
Kazakhstan - Current AccountThe economy continued to suffer in the third quarter on the fallout from the pandemic and related containment measures, with the government imposing a lockdown that lasted from early July to late August. Industrial production plummeted in Q3, likely as mining output was hurt by lower oil production due to OPEC+ cuts. Moreover, merchandise exports were down further in July–August, also dented by OPEC+ cuts, while fixed capital investment also contracted in the quarter. More positively, retail sales rebounded in Q3 after contracting in Q2. In other news, new restrictions such as limits on the operating hours of cafes and restaurants were imposed in the capital Nur-Sultan on 14 October, after the resumption of flights was paused on 5 October. These measures, coupled with lockdowns abroad, bode ill for prospects of a recovery in the final quarter of the year.
Kazakhstan - Current Account Data
|Current Account (% of GDP)||-5.0||-5.8||-3.1||-0.1||-3.6|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Current Account Chart
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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March 1, 2021
Consumer prices rose a seasonally-adjusted 0.65% in February over the previous month, picking up from January's 0.60% rise.
February 16, 2021
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020.
February 12, 2021
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy).
February 1, 2021
Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase.
January 25, 2021
The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking the third consecutive hold, after having cut it by 50 basis points in July 2020.