Latest reading: Industrial production fell 0.8% on a year-on-year basis in September, stable from the prior month’s reading. Relative to...
Industrial Production in Kazakhstan
The Kazakhstani economy recorded an average industrial production growth rate of 2.0% in the decade to 2024. In 2024, industrial production growth was 7.5%. For more industry information, visit our dedicated page.
Kazakhstan Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Kazakhstan from 2025 to 2014.
Source: Macrobond.
Kazakhstan Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.3 | -1.6 | 1.1 | 4.4 | 7.5 |
Industrial output growth posts an eight-year high in August
Latest reading: Industrial output rose 12.8% in year-on-year terms in August (July: +8.9% yoy), marking the highest growth rate since August 2017. The acceleration was driven by more than a twofold increase in mining and quarrying growth, after crude production surged at the Tengiz oilfield, which underwent a USD 48 billion expansion and launched operations in January. Moreover, the supply of water contracted at a milder rate. That said, manufacturing and energy output decelerated. Consequently, the trend improved, with annual average industrial production growth rising to 5.8% in August (July: +5.1%). Finally, industrial output increased 3.8% from the previous month in August, contrasting the 3.4% fall seen in July.
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 industry projections for the next ten years from a panel of 10 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 industry forecast available for Kazakhstani industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kazakhstani industry projections.
Want to get access to the full dataset of Kazakhstani industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Belarus: Industrial production contracts again in September -
Euro Area: Industrial production shrinks in August Latest reading: Industrial production declined 1.2% in seasonally adjusted month-on-month terms in August, following a 0.5% increase in the previous... -
Japan: Industrial production contracts again in August Latest reading: Industrial production was down 1.5% on a seasonally adjusted month-on-month basis in August, after declining 1.2% in the... -
Cyprus: Industrial production accelerates in August Latest reading: Industrial production increased 2.4% on a calendar-adjusted month-on-month basis in August, following a 1.6% rise in the previous... -
Latvia: Industrial production loses momentum in August Latest reading: Industrial production was up 2.5% in annual terms in August, following a 9.8% rise in the prior month.... -
Greece: Industrial production contracts in August Latest reading: Industrial production declined 4.1% on a seasonally adjusted month-on-month basis in August, following a 0.4% rise in the... -
Turkey: Industrial production returns to growth in August Latest reading: Industrial production rose 0.5% in seasonally adjusted month-on-month terms in August, following a 1.7% fall in the prior...