Kazakhstan's gross domestic product expanded 4.2 percent in the first nine months of 2018. Economic growth was mostly driven by the trade and construction sectors, Kazakh National Economy Minister Timur Suleymenov said at a government meeting on October 16th. GDP Annual Growth Rate in Kazakhstan averaged 4.94 percent from 1995 until 2018, reaching an all time high of 14.10 percent in the second quarter of 2001 and a record low of -9.20 percent in the third quarter of 1995.
GDP Annual Growth Rate in Kazakhstan is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kazakhstan to stand at 3.80 in 12 months time. In the long-term, the Kazakhstan GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.