Investment in Kazakhstan

Kazakhstan - Investment
Economy contracts at moderate pace in 2020
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020. The print came slightly above January–September’s 2.8% contraction.
The services sector dropped 5.6% in 2020, leading the fall in GDP (January–September: -6.1%), and likely impacted by lockdown measures. Industrial output also deteriorated, falling by 0.4%, down from the 0.2% logged in Q1–Q3. However, the construction sector gained momentum, expanding 11.2% (January–September: +10.5%). Notably, the agricultural sector also gained steam, growing 5.6% (January–September: +5.0%).
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020. The print came slightly above January–September’s 2.8% contraction.
The services sector dropped 5.6% in 2020, leading the fall in GDP (January–September: -6.1%), and likely impacted by lockdown measures. Industrial output also deteriorated, falling by 0.4%, down from the 0.2% logged in Q1–Q3. However, the construction sector gained momentum, expanding 11.2% (January–September: +10.5%). Notably, the agricultural sector also gained steam, growing 5.6% (January–September: +5.0%).
Going into Q1, the economy is likely suffering from coronavirus restrictions and a soft energy sector, with the short-term economic indicator—which follows output indices for key sectors, worth around 60% of GDP—suggesting downbeat activity in January. Despite expectations of a recovery later this year, the lingering effects of the pandemic still pose downside risks.
On the outlook, Artem Zaigrin, economist at SOVA Capital, commented:
“Going forward, we expect the economy to rebound by 3.9% YoY in 2021, with positive rates starting from 2Q21 unless the downside risks from the situation with Covid-19 affect the country’s performance.”
Analysts surveyed by FocusEconomics see the economy expanding 3.7% in 2021, which is down 0.1 percentage points from last month’s estimate, and 4.6% in 2022.
Kazakhstan - Investment Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Investment (annual variation in %) | 4.2 | 3.0 | 4.5 | 5.4 | 11.9 |
Kazakhstan Investment Chart

Source: Agency of Statistics
Kazakhstan Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 382.9 | 0.32 % | Jan 01 |
Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Kazakhstan: Inflation remains steady in February
March 1, 2021
Consumer prices rose a seasonally-adjusted 0.65% in February over the previous month, picking up from January's 0.60% rise.
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Kazakhstan: Economy contracts at moderate pace in 2020
February 16, 2021
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020.
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Kazakhstan: Industrial activity deteriorates in January
February 12, 2021
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy).
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Kazakhstan: Inflation decreases in January but remains elevated
February 1, 2021
Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase.
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Kazakhstan: Central Bank keeps rates unchanged in January
January 25, 2021
The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking the third consecutive hold, after having cut it by 50 basis points in July 2020.