GDP in Kazakhstan
Kazakhstan - GDP (billions of Euros)
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 - GDP (EUR bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP (EUR bn) | 110 | 133 | 136 | 142 | 160 |
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: Inflation comes in at highest level since September 2016 in July
August 1, 2022
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June.
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Kazakhstan: Central bank raises its policy
July 25, 2022
At its latest meeting on 25 July, the National Bank of Kazakhstan (NBK) decided to raise its base rate by 50 basis points to 14.50%, following its decision to stand pat in early June.
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Kazakhstan: Industrial output records largest decline in over one year in June
July 14, 2022
Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase.
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Kazakhstan: Industrial output growth improves in May
June 15, 2022
Industrial output rose 3.1% compared to the same month a year earlier in May, which followed April's 1.2% increase.
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Kazakhstan: Inflation comes in at highest level since September 2016 in May
June 1, 2022
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April.
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