Unemployment in Kazakhstan
Kazakhstan - UnemploymentRecent data shows that GDP accelerated further in Q1. Q1’s expansion was driven mainly by the mining and manufacturing sectors. In contrast, the agriculture and services sectors saw smaller expansions, with the latter potentially linked to unrest in January and softer Russian visitor arrivals. Turning to Q2, growth is likely to be sluggish. In April, oil production fell markedly and manufacturing output slowed. Moreover, soaring inflation and consequent interest rate hikes should be dampening consumption. However, the services PMI recovered well above the 50-point mark in April and May, suggesting that businesses are weathering the adverse international environment rather well. Meanwhile, the country voted in early June in favor of a new constitution which aims to give more power to parliament and reduce the influence of former president Nazarbayev.
Kazakhstan - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Unemployment Chart
Source: Agency of Statistics
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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November 15, 2022
According to a preliminary reading, GDP growth weakened to 2.8% year on year in January–September, down from 3.6% in January–June.
November 1, 2022
Inflation rose to 18.8% in October, above September’s 17.7%.
September 15, 2022
Industrial output increased 1.4% year on year in August (July: -2.4% yoy).
September 5, 2022
At its latest meeting on 5 September, the National Bank of Kazakhstan (NBK) maintained its base rate at 14.50%, following its decision to hike by 50 basis points in late July.
September 5, 2022
According to a preliminary reading, GDP growth weakened to 3.4% year on year in January-June, down from 4.6% in January–March.