Exports in Kazakhstan
Kazakhstan - Exports
Incoming data points to a sharp contraction in GDP in the second quarter, after growth plunged at the start of the year as the effects of the coronavirus pandemic first took hold. In May, economic activity recorded another sharp fall; retail sales plummeted over 30% amid lockdown and social distancing measures to contain the virus; and industrial production growth fell to a one-year low. Meanwhile, in a setback to the recovery, the government announced it will reintroduce tough lockdown measures in July amid a sharp rise in infections. Government measures had been largely lifted in mid-May to reopen the economy, and the return of restrictions will prolong the economy entering a recovery.Kazakhstan - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 44.8 | 35.5 | 47.3 | 59.8 | 57.8 |
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 382.9 | 0.32 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Kazakhstan: Industrial output growth falls to one-year low in May
July 17, 2020
Industrial production increased a meagre 0.5% year-on-year in May (April: +6.2% yoy), as the effects of the Covid-19 pandemic dented activity.
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Kazakhstan: Inflation hits over two-year high in June
July 2, 2020
Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise.
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Kazakhstan: Tenge recovers lost ground in May
June 9, 2020
Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March.
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Kazakhstan: Central Bank holds base rate in June
June 8, 2020
The National Bank of Kazakhstan (NBK) decided to keep the base rate steady at 9.50% at its monetary policy meeting on 8 June, after having slashed it by 250 basis points in April in the wake of Covid-19.
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Kazakhstan: Inflation broadly stable in May
June 1, 2020
Consumer prices increased 0.5% month-on-month in May, below April’s 0.9% rise.
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