Markets Actual Q3 Q4 Q1 Q2 2021
Currency 419.62 421 423 424 426 429
Stock Market (points) 2448.70 2379 2336 2293 2252 2168

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.80 -2.5 3.5 3.5 3.7 3.8
Unemployment Rate (%) 4.80 5 5.5 5 5 5
Inflation Rate (%) 7.10 6.4 4.9 4.9 4.7 4.9
Interest Rate (%) 9.00 9 8.5 8.5 8.5 8.5
Balance of Trade (USD Million) 1142.00 2610 3380 3530 3530 3380
Current Account (USD Million) 1202.60 -500 1140 1140 1140 950
Current Account to GDP (%) -3.60 -6.5 -6.5 -6.5 -5.5 -5.5
Government Debt to GDP (%) 21.90 25 25 25.5 25.5 25.5
Government Budget (% of GDP) -2.40 -3 -3 -4.5 -4.5 -4.5
Business Confidence (points) -1.00 -1 2 3 3 5
Consumer Confidence (points) 83.00 76 79 82 82 83
Retail Sales Mom (%) -1.10 1.8 2.9 2.9 2.9 2.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.80 -2.5 3.5 3.5 3.7 3.8
GDP (USD Billion) 180.16 164 164 166 190 166
GDP Constant Prices (KZT Billion) 14305.00 43588 71042 14806 14834 73741
Gross Fixed Capital Formation (KZT Billion) 2654.00 10147 16570 16570 16602 17200
GDP per capita (USD) 11518.40 11250 11250 11500 11500 11500
GDP per capita PPP (USD) 26351.40 24800 24800 25700 25700 25700
Gross National Product (KZT Million) 59613707.50 58868536 61700187 61700187 61819415 64044794
GDP From Agriculture (KZT Million) 3092417.60 1862239 3200652 3200652 3206837 3322277
GDP From Construction (KZT Million) 3778403.20 2400604 3910647 3910647 3918204 4059252
GDP From Manufacturing (KZT Million) 5164537.70 5099981 5345297 5345297 5355626 5548418
GDP From Mining (KZT Million) 6944960.40 6858148 7188034 7188034 7201924 7461179
GDP From Public Administration (KZT Million) 809170.90 799056 837492 837492 839110 869317
GDP From Services ( KZT Million) 23425450.70 23132633 24245341 24245341 24292192 25166664
GDP From Transport (KZT Million) 3414175.30 3371498 3533671 3533671 3540500 3667951
GDP From Utilities (KZT Million) 708187.00 699335 732974 732974 734390 760827

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.80 5 5.5 5 5 5
Unemployed Persons (Thousand ) 442.40 445 445 445 445 445
Long Term Unemployment Rate (%) 2.20 2.2 2.2 1.7 1.7 1.7
Wages (KZT/Month) 196922.00 168000 174000 174000 174000 174000
Minimum Wages (KZT/Month) 42500.00 44000 44000 44000 44000 45500
Population (Million) 18.63 18.64 18.64 18.88 18.88 18.88
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 59.00 59 59 59 59 59
Wages In Manufacturing (KZT/Month) 219407.00 188800 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.80 4.3 4.1 4.1 4.1 4.1

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 7.10 6.4 4.9 4.9 4.7 4.9
Consumer Price Index CPI (points) 825.10 826 831 850 864 872
Core Inflation Rate (%) 6.87 6.5 6 5.5 4.5 5.3
Producer Prices (points) 1009.90 1025 1190 1204 1031 1238
GDP Deflator (points) 6.40 6.81 6.71 6.71 6.7 7.04
Food Inflation (%) 11.30 4.5 4 4.5 4.5 5
CPI Transportation (points) 104.70 108 106 110 110 111
Inflation Rate Mom (%) 0.30 0.6 0.5 0.5 0.5 0.5
Producer Prices Change (%) -13.70 -10 3.5 6.5 9.5 4

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 9.00 9 8.5 8.5 8.5 8.5
Interbank Rate (%) 10.50 11.5 11.5 11.5 11.5 11.5
Money Supply M2 (KZT Million) 17214619.00 16496000 17599000 17599000 17599000 17599000
Foreign Exchange Reserves (USD Million) 32872.00 32400 35100 35100 35100 35100
Banks Balance Sheet (KZT Thousand) 28664186340.00 26958000185 27240679991 27523359798 27523359798 28371399216
Central Bank Balance Sheet (KZT Million) 9294516.00 8687653 8842046 8996439 8996439 9459617

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 1142.00 2610 3380 3530 3530 3380
Current Account (USD Million) 1202.60 -500 1140 1140 1140 950
Current Account to GDP (%) -3.60 -6.5 -6.5 -6.5 -5.5 -5.5
Imports (USD Million) 2811.50 3080 2850 2850 2850 2990
Exports (USD Million) 3953.40 5690 6380 6380 6380 6510
External Debt (USD Million) 152719.00 168550 165774 165774 165774 165774
Gold Reserves (Tonnes) 388.30 343 349 349 349 349
Crude Oil Production (BBL/D/1K) 1941.00 1900 1920 1920 1920 1970
Foreign Direct Investment (USD Million) 3570.63 6100 4300 4300 4300 4300

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 21.90 25 25 25.5 25.5 25.5
Government Budget (% of GDP) -2.40 -3 -3 -4.5 -4.5 -4.5
Government Budget Value (KZT Million) -774408.10 9798376 11830879 11830879 11830879 11824003
Government Spending (KZT Million) 1841168.00 4205115 6572076 6572076 6584776 6821815
Government Debt (USD Thousand) 18079072.00 19090000 19120000 19120000 19120000 19120000
Military Expenditure (USD Million) 1607.00 1500 1500 1500 1500 1500

Taxes Actual Q3 Q4 Q1 Q2 2021
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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) -1.00 -1 2 3 3 5
Industrial Production (%) -5.60 0.7 5.7 5.7 5.7 5.7
Industrial Production Mom (%) 3.70 0.2 0.6 0.6 0.6 0.6
Manufacturing Production (%) 1.70 5.1 4.5 4.5 4.5 4.5
Changes in Inventories (KZT Million) 366065.00 2620000 2700000 2700000 2700000 2700000
Leading Economic Index (%) -3.20 1.5 6.5 6.5 6.5 6.5
Composite Pmi (points) 35.60 50 46 47 49 49
Car Registrations 3884421.00 3679264 3656800 3634335 3634335 3866942
Copper Production (Tonnes) 39932.00 30900 32200 32200 32200 32200
Services Pmi (points) 32.40 51 46 48 48 49
Steel Production (Thousand Tonnes) 235.00 439 450 450 450 450
Mining Production (%) 9.10 5.1 3.8 3.8 3.8 3.8
Manufacturing Pmi (points) 48.00 55 48 49 49 51

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 83.00 76 79 82 82 83
Retail Sales Mom (%) -1.10 1.8 2.9 2.9 2.9 2.9
Retail Sales Yoy (%) 1.60 6 6 6 6 6
Consumer Spending (KZT Million) 7202841.80 21486930 36612395 36612395 36683144 38003666
Consumer Credit (KZT Million) 6786133.00 6158379 6894474 7109284 6935371 7156465
Gasoline Prices (USD/Liter) 0.42 0.41 0.39 0.37 0.35 0.33

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 105.90 105 106 106 106 106
Construction Output (%) 11.50 20 5.5 8.5 8.5 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.