GDP in Kazakhstan
Kazakhstan - GDP (billions of U.S. Dollars)
After GDP rebounded in Q2 amid a more favorable base effect, momentum seemed to carry over into Q3. The short-term economic activity indicator suggests that growth gained steam in January–August compared to H1, mainly driven by robust industrial production. That said, maintenance at the Tengiz oil field from mid-August to September hampered crude output. Moreover, the health crisis worsened at the end of June, forcing authorities to place much of the country under the highest level of restrictions throughout July and August, with the two biggest cities and a handful of regions still in the red zone in late September. In other news, S&P Global Ratings recently affirmed the country’s credit rating at “BBB-” with a stable outlook, citing sustained fiscal policies and expectations of an economic recovery.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 speeds up in September
October 14, 2021
Industrial output increased 4.7% compared to the same month a year earlier in September, which was above August's 1.9% increase.
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Kazakhstan: Inflation hits new high in September
October 1, 2021
Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August.
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Kazakhstan: Central Bank hikes base rate again in September
September 13, 2021
At its meeting in mid-September, the National Bank of Kazakhstan (NBK) decided to raise the base rate by 25 basis points to 9.50%, marking the second consecutive hike since late July after holding rates for eight successive meetings.
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Kazakhstan: Industrial output growth ebbs in August
September 13, 2021
Industrial output expanded 1.9% in year-on-year terms in August, which followed July's 8.2% increase.
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Kazakhstan: Inflation comes in at highest level since November 2016 in August
September 2, 2021
Consumer prices rose 0.47% in August over the previous month, after the 0.67% increase recorded in July.
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