Investment in Kazakhstan
Kazakhstan - Investment
GDP growth records highest reading in two years
According to a preliminary reading, annual GDP growth improved to 4.0% in Q4 2021, up from 3.6% in January–September. Moreover, the print also marked a rebound from 2020’s 2.5% contraction.
The acceleration was broad-based, with both the services and industry sectors gaining steam in Q4. Among key subsectors, information and communication, and construction recorded significant growth. However, agricultural production fell, contrasting the expansions logged in Q1–Q3 of last year and in 2020.
Moving on to this year, headwinds are expected to be suppressing the economy. January’s internet shutdown likely disrupted the services sector. Notably, retail sales collapsed in the month, and industrial output also lost momentum amid lower electricity production, the effects of which were aggravated as cryptocurrency mining put increased pressure on the grid. Meanwhile, the eruption of war in Ukraine and subsequent sanctions on Russia are disrupting some of the country’s energy exports, which go through Russian ports. That said, spiking energy prices bode well for the government’s coffers. In addition, both manufacturing and services PMIs reflected a rebound in conditions in February.
Analysts surveyed by FocusEconomics see the economy expanding 4.3% in 2022, which is down 0.1 percentage points from last month’s estimate, and 4.2% in 2023.
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 comes in at highest level since September 2016 in May
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Industrial output rose 1.2% in year-on-year terms in April, which was a deterioration from March's 8.1% increase.
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Kazakhstan: Industrial output growth speeds up in March
April 18, 2022
Industrial output grew 8.1% in year-on-year terms in March, which was above February's 6.5% increase.
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Kazakhstan: Inflation surges in March
April 1, 2022
Consumer prices increased 3.70% over the previous month in March, up from the 0.80% rise logged in February. Inflation came in at 12.0% in March, up from 8.7% in February and marking the highest reading since 2016.
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Kazakhstan: Industrial output growth gains momentum in February
March 16, 2022
Industrial output expanded 6.5% in year-on-year terms in February, which followed January's 2.9% increase.
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