Markets Actual Q1 Q2 Q3 Q4 2022
Currency 419.82 421 423 424 426 429
Stock Market (points) 2939.33 2901 2849 2797 2746 2645

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -2.60 2.5 3.2 3.2 2.8 3.6
Unemployment Rate (%) 4.90 5.8 6 5.9 5.5 5.1
Inflation Rate (%) 7.40 8 7 6.5 6 5
Interest Rate (%) 9.00 9 9 9 9 9
Balance of Trade (USD Million) 149.20 3380 3530 3530 3380 3380
Current Account (USD Million) -1728.70 -500 1150 1500 950 950
Current Account to GDP (%) -4.00 -6.5 -5.5 -5.5 -5.5 -3.5
Government Debt to GDP (%) 18.48 25.5 25.5 25.5 25.5 26
Government Budget (% of GDP) -4.00 -4.5 -4.5 -4.5 -4.5 -4
Business Confidence (points) 2.00 3 3 3 5 7
Consumer Confidence (points) 83.00 82 82 82 83 83
Retail Sales Mom (%) -46.60 5.5 2.5 15 15 5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -2.60 2.5 3.2 3.2 2.8 3.6
GDP (USD Billion) 180.16 166 166 166 166 177
GDP Constant Prices (KZT Billion) 70134.10 68490 15471 29308 65492 70407
Gross Fixed Capital Formation (KZT Billion) 11096.00 15770 2720 6075 8559 16211
GDP per capita (USD) 11518.40 11500 11500 11500 11500 11600
GDP per capita PPP (USD) 26351.40 25700 25700 25700 25700 26400
Gross National Product (KZT Million) 69532626.50 58719502 61104050 61521346 57895041 60363648
GDP From Agriculture (KZT Million) 1523635.10 3046031 345173 481796 1849235 3131320
GDP From Construction (KZT Million) 1238343.10 3721727 617430 969220 2376218 3825936
GDP From Manufacturing (KZT Million) 2134496.90 5087070 5293651 5329803 5183528 5229508
GDP From Mining (KZT Million) 2035926.40 6840786 7118584 7167199 6967596 7032328
GDP From Public Administration (KZT Million) 314985.00 797033 294330 339691 978004 819350
GDP From Services ( KZT Million) 9073439.90 23074069 24011087 24175065 23799418 23720143
GDP From Transport (KZT Million) 967068.80 3362963 1218393 935913 3357675 3457126
GDP From Utilities (KZT Million) 330452.60 697564 725892 730849 898670 717096

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.90 5.8 6 5.9 5.5 5.1
Unemployed Persons (Thousand ) 453.00 445 445 445 445 446
Long Term Unemployment Rate (%) 2.20 1.9 2.2 1.7 1.7 1.7
Wages (KZT/Month) 222261.00 174000 174000 174000 174000 174000
Minimum Wages (KZT/Month) 42500.00 42500 44000 44000 44000 44000
Population (Million) 18.88 18.88 18.88 18.88 18.88 19.12
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 60.00 58 59 59 58 58
Wages In Manufacturing (KZT/Month) 261410.00 200000 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.60 4.1 4.1 4.1 4.1 4.1

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 7.40 8 7 6.5 6 5
Consumer Price Index CPI (points) 861.90 852 875 883 869 903
Core Inflation Rate (%) 7.14 5.5 4.5 5.8 5.8 5.3
Producer Prices (points) 1194.30 1147 1083 1168 1135 1169
GDP Deflator (points) 103.60 6.88 6.91 6.85 6.82 7.29
Food Inflation (%) 11.60 4.5 4.5 4.5 5 5
CPI Transportation (points) 101.90 108 114 112 121 115
Inflation Rate Mom (%) 0.70 0.5 0.5 0.5 0.5 0.5
Producer Prices Change (%) 8.40 1.5 15 6.5 3 3

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 9.00 9 9 9 9 9
Interbank Rate (%) 10.50 10.5 10.5 10.5 10.5 10.5
Money Supply M2 (KZT Million) 19607153.00 17599000 17599000 17599000 17599000 17599000
Foreign Exchange Reserves (USD Million) 35595.00 35100 35100 35100 35100 35100
Banks Balance Sheet (KZT Thousand) 31298903354.00 27523359798 27523359798 27523359798 28371399216 29502118441
Central Bank Balance Sheet (KZT Million) 10417374.00 8996439 8996439 8996439 9459617 10077189

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 149.20 3380 3530 3530 3380 3380
Current Account (USD Million) -1728.70 -500 1150 1500 950 950
Current Account to GDP (%) -4.00 -6.5 -5.5 -5.5 -5.5 -3.5
Imports (USD Million) 3517.10 2850 2850 2850 2990 2990
Exports (USD Million) 3666.30 6380 6380 6380 6510 6510
External Debt (USD Million) 160912.00 153441 152631 151821 151011 147772
Gold Reserves (Tonnes) 387.86 349 349 349 349 349
Crude Oil Production (BBL/D/1K) 1728.00 1920 1920 1920 1970 1970
Foreign Direct Investment (USD Million) 4087.77 4300 4300 4300 4300 4300

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 18.48 25.5 25.5 25.5 25.5 26
Government Budget (% of GDP) -4.00 -4.5 -4.5 -4.5 -4.5 -4
Government Budget Value (KZT Million) -2185253.32 11830879 11830879 11830879 11824003 11824003
Government Spending (KZT Million) 4272502.40 6254584 1887197 4312853 4046813 6429713
Government Debt (USD Thousand) 21438426.00 19120000 19120000 19120000 19120000 19120000
Military Expenditure (USD Million) 1863.00 1500 1500 1500 1500 1500

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 9.50 9.5 9.5 9.5 9.5 9.5
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 2.00 3 3 3 5 7
Industrial Production (%) -4.10 5.5 6.5 4.5 -3.5 4
Industrial Production Mom (%) -17.20 0.6 0.6 0.6 0.6 0.6
Manufacturing Production (%) 3.00 4.5 4.5 4.5 4.5 4.5
Changes in Inventories (KZT Million) 2469807.00 2700000 2700000 2700000 2700000 2700000
Leading Economic Index (%) -5.80 0.5 5.5 4.5 5 5
Composite PMI (points) 49.40 47 49 51 49 50
Car Registrations 3870318.00 3634335 3634335 3634335 3866942 3877084
Copper Production (Tonnes) 40952.00 32200 32200 32200 32200 32200
Services PMI (points) 50.30 48 48 48 49 50
Steel Production (Thousand Tonnes) 355.00 450 450 450 450 450
Mining Production (%) -10.20 3.8 3.8 3.8 3.8 3.8
Manufacturing PMI (points) 48.50 49 53 55 51 50

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 83.00 82 82 82 83 83
Retail Sales Mom (%) -46.60 5.5 2.5 15 15 5
Retail Sales Yoy (%) -4.60 5.5 7 4.5 3 5
Consumer Spending (KZT Million) 22247080.20 34843681 7382913 13816004 21583186 35819304
Consumer Credit (KZT Million) 7600137.00 6561408 7040595 7003289 5907527 6745128
Gasoline Prices (USD/Liter) 0.41 0.38 0.36 0.34 0.33 0.31

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 107.30 106 106 106 106 106
Construction Output (%) 7.00 8.5 8.5 8.5 5.5 5.5


This page has economic forecasts for Kazakhstan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kazakhstan economy.