Unemployment in Kazakhstan

Kazakhstan Unemployment | Economic News & Forecasts

Kazakhstan - Unemployment

Incoming data suggests that the economy lost some steam in the final quarter of 2018, after growth edged down in the third quarter. Economic activity decelerated in November amid slower growth in the industrial sector. In addition, oil prices fell sharply in the fourth quarter, boding poorly for the important energy sector. However, lower oil prices were likely partly offset by rising crude production: In December, Energy Minister Kanat Bozumbayev stated that oil output hit a record in 2018, thanks to increased production at the Kashagan oil field. However, oil production will likely be contained in 2019 due to scheduled maintenance work at several oil fields. In addition, Kazakhstan also committed to limit production in the first half of 2019 in conjunction with OPEC quotas in December.

Kazakhstan - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.2  5.0  5.1  4.9  4.9  

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Kazakhstan Unemployment Chart

Kazakhstan Unemployment
Note: Unemployment as % of active population (aop).
Source: Agency of Statistics

Kazakhstan Facts

Exchange Rate379.30.32 %Jan 14
Stock Market0.10.0 %Jan 14

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