Industrial Production in Kazakhstan
Over the past decade to 2022, Kazakhstan's economy recorded an average industrial production growth rate of 1.8%, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was 0.9%. For more industry information, visit our dedicated page.
Kazakhstan Industry Chart
Kazakhstan Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 1.9 | 1.3 | -1.6 | 1.1 | 4.4 |
Industrial output growth eases in June
Industrial output growth slowed to 1.7% year on year in June (May: +2.1% yoy). The reading was largely due to weaker manufacturing output growth. In addition, electricity, gas, steam and air conditioning supply production lost pace. Meanwhile, mining and quarrying, and water supply contracted at a softer pace. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 3.9%, down from May's 4.6% reading.
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 12 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.
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