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
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 3.0 | 1.9 | 1.3 | -1.6 | 1.1 |
Industrial output growth drops to 10-month low in January
Industrial output grew 3.4% compared to the same month of the previous year in January, down from December's 3.6% increase. January's slowdown in manufacturing output growth more than offset rebounds in mining and quarrying, energy and water supply activity. Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 4.5% in January, up from December's 4.3% 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 9 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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