Exports in Kazakhstan
Kazakhstan - Exports
Recent data shows that GDP accelerated further in Q1. Q1’s expansion was driven mainly by the mining and manufacturing sectors. In contrast, the agriculture and services sectors saw smaller expansions, with the latter potentially linked to unrest in January and softer Russian visitor arrivals. Turning to Q2, growth is likely to be sluggish. In April, oil production fell markedly and manufacturing output slowed. Moreover, soaring inflation and consequent interest rate hikes should be dampening consumption. However, the services PMI recovered well above the 50-point mark in April and May, suggesting that businesses are weathering the adverse international environment rather well. Meanwhile, the country voted in early June in favor of a new constitution which aims to give more power to parliament and reduce the influence of former president Nazarbayev.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: GDP growth softens in Q3
November 15, 2022
According to a preliminary reading, GDP growth weakened to 2.8% year on year in January–September, down from 3.6% in January–June.
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Kazakhstan: Inflation comes in at highest level since August 2008 in October
November 1, 2022
Inflation rose to 18.8% in October, above September’s 17.7%.
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Kazakhstan: Industrial output rebounds in August
September 15, 2022
Industrial output increased 1.4% year on year in August (July: -2.4% yoy).
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Kazakhstan: Central bank maintains policy
September 5, 2022
At its latest meeting on 5 September, the National Bank of Kazakhstan (NBK) maintained its base rate at 14.50%, following its decision to hike by 50 basis points in late July.
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Kazakhstan: GDP growth weakens in Q2
September 5, 2022
According to a preliminary reading, GDP growth weakened to 3.4% year on year in January-June, down from 4.6% in January–March.
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