GDP in Kazakhstan
Kazakhstan - GDP (billions of U.S. Dollars)
Growth appeared to slow in the first quarter, restrained by the Covid-19 pandemic and the strict measures taken to curtail its spread. The short-term economic activity index decelerated in January–March amid nearly-muted retail sales growth and falling Chinese demand for crude. Moreover, investment was likely bruised as well, as hinted by souring business sentiment and declining private-sector activity. On the upside, robust industrial production growth, on the back of resilient manufacturing output, likely supported the overall expansion in Q1. Turning to the second quarter, economic conditions have likely deteriorated further as prolonged social distancing measures weigh on private consumption, while low oil prices hinder investment and curtail employment in the all-important energy sector. Meanwhile, on 27 April, the government eased lockdown conditions and allowed some businesses to open as it prepared to end the state of emergency on 11 May.Kazakhstan - GDP (USD bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP (USD bn) | 120 | 141 | 163 | 162 | 180 |
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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