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
|Industrial Production (ann. var. %)||4.1||3.9||-0.7||3.6||0.9|
Industrial output growth wanes in October
Industrial output increased 7.4% in year-on-year terms in October, which was a deterioration from September's 9.4% increase. The weakening was broad-based: manufacturing and mining output grew less, while the energy and water supply sectors contracted. Meanwhile, annual average industrial production growth rose to 3.8% in October (September: +2.8%), signaling an improving trend in the industrial sector.
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 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 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 firstname.lastname@example.org.
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