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Government Consumption in Kazakhstan
The economy of Kazakhstan recorded an average growth rate of 3.9% in government consumption over the decade leading to 2022. In 2022, the country's government consumption growth was 9.1%.
Kazakhstan Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Kazakhstan from 2013 to 2022.
Source: Agency of Statistics Kazakhstan.
Kazakhstan Government Consumption Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | -14.1 | 15.5 | 12.8 | -2.4 | 9.1 |
GDP growth records slowest increase since Q4 2022 in the third quarter
According to a preliminary estimate, GDP growth lost momentum in the third quarter, falling to 4.7% year on year from 5.3% in the second quarter. Q3's reading marked the worst result since Q4 2022.
All sectors of the economy contributed similarly to growth in the first three quarters as they had in the first two. The primary drivers of growth were the wholesale and retail trade, industry, and construction sectors. A more detailed release is scheduled for 28 December.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kazakhstani government consumption projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Kazakhstani government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kazakhstani government consumption projections.
Want to get access to the full dataset of Kazakhstani government consumption forecasts? Send an email to info@focus-economics.com.
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