Investment in Kazakhstan
Kazakhstan - Investment
Economic growth edges up to two-year high in Q3
Economic growth edged up to 4.3% year-on-year in the third quarter, up from Q2’s 4.1% expansion and marking the fastest expansion since Q3 2017, according to a preliminary estimate released by Kazakhstan’s Statistical Institute (SARK) on 18 November.
While a detailed breakdown has to be released, an acceleration in industrial, construction, and services activity underpinned the upturn in growth. Improvements in these sectors compensated for a downturn in the agriculture, forestry and fishing sector, which swung to contraction in the period. Moreover, retail sales growth lost steam in Q3, albeit remained robust, which suggests household spending eased in the quarter. Looking ahead, the economy is seen maintaining a solid stride next year, as planned government reforms, which include income tax breaks, shore up fixed investment and keep private consumption expanding at a healthy clip.
FocusEconomics Consensus Forecast panelists expect the economy to expand 3.8% in 2020, which is up 0.1 percentage points from last month’s projection. For 2021, the panel sees growth inching up to 3.9%.
Kazakhstan - Investment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | 5.5 | 4.4 | 4.2 | 3.0 | 4.0 |
Kazakhstan Investment Chart
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 386.0 | 0.32 % | Nov 21 |
| Stock Market | 0.1 | 0.0 % | Nov 20 |
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Economic News
Kazakhstan: Inflation falls in November
December 3, 2019
Consumer prices rose 0.7% over the previous month in November, slightly up from October’s 0.6% increase.
Kazakhstan: Economic growth edges up to two-year high in Q3
November 18, 2019
Economic growth edged up to 4.3% year-on-year in the third quarter, up from Q2’s 4.1% expansion and marking the fastest expansion since Q3 2017, according to a preliminary estimate released by Kazakhstan’s Statistical Institute (SARK) on 18 November. While a detailed breakdown has to be released, an acceleration in industrial, construction, and services activity underpinned the upturn in growth.
Kazakhstan: Industrial sector gains traction in October
November 15, 2019
Industrial production growth jumped to 5.4% on an annual basis in October after slowing to 3.7% in September.
Kazakhstan: Inflation rises in October
November 1, 2019
Consumer prices rose 0.6% over the previous month in October, up from September’s 0.3% increase.
Kazakhstan: Central Bank stands pat in October
October 28, 2019
At its latest monetary policy meeting on 28 October, the National Bank of Kazakhstan decided to leave the base rate at 9.25%, keeping an interest rate corridor of plus or minus 1.0 percentage point.
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