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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.80 4.8 4.6 4.7 4.9 4.7 percent
Inflation Rate 5.30 6.1 5.9 5.1 5.2 4.7 percent
Interest Rate 9.25 9.25 9.25 9.5 9.5 9.75 percent
Balance of Trade 2556.60 2941 3063 3152 3208 3380 USD Million
Government Debt to GDP 17.40 17 20 20 20 18 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 366.27
 365 367 370 372 380
Stock Market 2250.14
points		 2181 2160 2138 2117 2035
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 4.10
percent		 3.7 2.9 3.2 3.8 3.8
GDP 159.41
USD Billion		 165 205 205 205 220
GDP Constant Prices 39874.13
KZT Billion		 53475 11908 25027 25173 57394
Gross Fixed Capital Formation 4293.00
KZT Billion		 12025 2243 4430 4456 12906
GDP per capita 10857.38
USD		 10899 10935 10935 10935 11047
GDP per capita PPP 24055.59
USD		 24410 24483 24483 24483 24563
Gross National Product 51966817.40
KZT Million		 53889590 53473855 53629756 53941556 57839265
GDP From Agriculture 557311.80
KZT Million		 2400844 244997 575146 578490 2576807
GDP From Construction 1141788.30
KZT Million		 3003829 404835 1178326 1185176 3223985
GDP From Manufacturing 2858783.70
KZT Billion		 6164852 1562822 2950265 2967417 6616686
GDP From Mining 4025773.40
KZT Billion		 7512889 1937401 4154598 4178753 8063524
GDP From Public Administration 422205.30
KZT Million		 1081775 214560 435716 438249 1161061
GDP From Services 13289406.00
KZT Million		 31621251 6764581 13714667 13794403 33938835
GDP From Transport 1952147.10
KZT Million		 4606551 991239 2014616 2026329 4944174
GDP From Utilities 519618.10
KZT Million		 1061595 321881 536246 539364 1139401
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.80
percent		 4.8 4.6 4.7 4.9 4.7
Unemployed Persons 442.00
Thousand 		437 436 436 436 434
Long Term Unemployment Rate 2.20
percent		 2.1 2 2.1 2.2 1.9
Wages 164552.00
KZT/Month		 162000 164000 159750 163000 174000
Minimum Wages 28284.00
KZT/Monthly		 26500 27700 27700 27700 30000
Population 17.92
Million		 18.1 18.8 18.8 18.8 19.3
Living Wage Family 128600.00
KZT/Month		 115000 118000 118000 118000 120000
Living Wage Individual 85600.00
KZT/Month		 85000 86500 86500 86500 87000
Employed Persons 8727.90
Thousand		 8540 8585 8590 8612 8650
Wages High Skilled 137400.00
KZT/Month		 145100 152000 152000 152000 156100
Wages In Manufacturing 183106.00
KZT/Month		 185500 186200 199100 187500 200000
Wages Low Skilled 73200.00
KZT/Month		 72700 73500 73500 73500 73700
Youth Unemployment Rate 3.90
percent		 4.2 4.3 4.3 4.2 4.1
Retirement Age Men 63.00
 63 63 63 63 63
Retirement Age Women 58.00
 58 58 58 58 58
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 5.30
percent		 6.1 5.9 5.1 5.2 4.7
Consumer Price Index CPI 739.90
Index Points		 757 769 770 775 836
Core Inflation Rate 6.28
percent		 6.5 6.4 6.6 6.2 5.3
Producer Prices 1174.84
Index Points		 1286 1287 1345 1396 1644
Inflation Rate Mom 0.40
percent		 0.6 0.5 0.4 0.2 0.5
Import Prices 99.60
Index Points		 101 100 100 100 101
GDP Deflator 105.60
Index Points		 108 105 105 102 113
Food Inflation 4.30
percent		 3.4 3.7 3.5 3.2 2.7
Export Prices 99.90
Index Points		 100 101 101 99.8 96
CPI Transportation 104.40
Index Points		 118 117 115 113 130
Producer Prices Change 22.90
percent		 27.4 24.5 23.3 20.9 7.3
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 9.25
percent		 9.25 9.25 9.5 9.5 9.75
Money Supply M0 2067026.00
KZT Million		 2140000 2142000 2145000 2149000 2155000
Money Supply M1 5122707.00
KZT Million		 5549000 5508000 5511000 5516000 5525000
Money Supply M2 13677123.00
KZT Million		 15343000 15643000 15931000 16215000 17599000
Money Supply M3 19715125.00
KZT Million		 21170000 21380000 21480000 21530000 21680000
Foreign Exchange Reserves 29092.00
USD Million		 30900 31222 31360 31470 35100
Banks Balance Sheet 24538039646.00
KZT Thousand		 25000000000 23300000000 22900000000 24100000000 24700000000
Interbank Rate 10.25
percent		 10.25 10.25 10.5 10.5 10.75
Central Bank Balance Sheet 8601553.00
KZT Million		 6580000 6760000 6770000 6850000 8080000
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 2556.60
USD Million		 2941 3063 3152 3208 3380
Exports 5365.50
USD Million		 5631 5784 5891 5790 5890
Imports 2808.90
USD Million		 2689 2721 2739 2582 2510
Current Account -117.90
USD Million		 -125 -214 -347 -191 -586
Current Account to GDP -3.20
percent		 -0.3 0.2 0.2 0.2 0.7
External Debt 164422.00
USD Million		 166800 166500 167400 168000 165774
Capital Flows 405.80
USD Million		 -344 67.6 -644 -814 -682
Gold Reserves 326.40
Tonnes		 325 329 333 340 349
Crude Oil Production 1892.00
BBL/D/1K		 1700 1807 1825 1837 1870
Foreign Direct Investment 5588.33
USD Million		 4900 5774 5864 5858 4300
Terrorism Index 2.95
 2.99 3.1 3.1 3.1 3.3
Remittances 106.09
USD Million		 87.5 94.2 98.3 99.5 98
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 17.40
percent		 17 20 20 20 18
Government Budget -2.80
percent of GDP		 -1.1 -1.7 -1.7 -1.7 -1.5
Government Budget Value -376233.30
KZT Million		 -750000 -4631868 -1946830 6472081 -680000
Government Spending 2366066.40
KZT Million		 5957120 1081241 2441781 2455977 6393729
Government Revenues 9000452.10
KZT Million		 13560000 993000 3550000 8280000 17700000
Government Debt 16711326.00
USD Thousand		 19170000 19350000 19890000 19100000 19120000
Fiscal Expenditure 9006771.50
KZT Million		 6415587 5001241 5987422 6070492 5875997
Military Expenditure 1183.84
USD Million		 1110 1400 1400 1400 1500
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 7.00
Index Points		 6 5 13 11 10
Industrial Production 4.70
percent		 4.9 3.8 4.5 4.26 5.7
Industrial Production Mom 0.80
percent		 0.8 -0.6 -1.8 -2.6 0.6
Manufacturing Production 7.60
percent		 5.9 4.2 2.5 4.7 4.5
Changes in Inventories 1219290.00
KZT Million		 2550000 490000 1185000 2220000 2700000
Internet Speed 10581.80
KBps		 14600 14970 15200 15300 16000
IP Addresses 1522517.00
IP		 1525000 1526000 1525000 1527000 1530000
Leading Economic Index 5.20
percent		 5.5 4.2 3.9 4 6.5
Competitiveness Index 61.80
Points		 62.3 62.3 62.3 62.3 64.8
Competitiveness Rank 59.00
 59 59 59 59 59
Car Registrations 3987137.00
 3790000 3780000 3775000 3760000 3745000
Cement Production 905.60
Thousands of Tonnes 		470 527 1158 1061 620
Copper Production 40512.00
Tonnes		 34100 33170 32140 31150 32200
Ease of Doing Business 28.00
 34 33 33 33 35
Corruption Index 31.00
Points		 31 31 31 31 31
Corruption Rank 122.00
 122 122 122 122 122
Mining Production 5.20
percent		 7.6 3.7 3.5 4.8 3.8
Steel Production 365.00
Thousand Tonnes		 418 398 407 426 450
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 79.00
Index Points		 83 79 81 83 87
Retail Sales Mom -8.30
percent		 1.6 0.5 1.5 1.8 2.9
Retail Sales Yoy 2.80
percent		 6.3 3.8 4.1 6.2 6
Consumer Spending 12204622.40
KZT Million		 27831827 5960486 12595170 12668398 29871678
Consumer Credit 5096087.00
KZT Million		 4820000 4870000 4920000 4990000 5250000
Gasoline Prices 0.49
USD/Liter		 0.48 0.47 0.47 0.46 0.42
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 102.10
Index Points		 103 104 104 104 106
Construction Output 2.40
percent		 2.5 -6.9 5.4 -0.8 10.1
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 20.00
percent		 20 20 20 20 20
Personal Income Tax Rate 10.00
percent		 10 10 10 10 10
Sales Tax Rate 12.00
percent		 12 12 12 12 12
Social Security Rate 11.00
percent		 11 11 11 11 11
Social Security Rate For Companies 11.00
percent		 11 11 11 11 11
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 37.87
mm		 20.96 16.84 21.5 21.5 21.49
Temperature -3.30
celsius		 -2.8 -10.24 13.91 7.99 5.34



Kazakhstan - Economic Forecasts - 2018-2020 Outlook