The Gross Domestic Product (GDP) in Kazakhstan contracted 1.80 percent in the first half of 2020, according to estimates from the President Kassym-Jomart Tokayev on July 10th 2020.

GDP Annual Growth Rate in Kazakhstan averaged 4.81 percent from 1995 until 2020, 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. This page provides the latest reported value for - Kazakhstan GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kazakhstan GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

GDP Annual Growth Rate in Kazakhstan is expected to be -2.50 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 3.70 in 12 months time. In the long-term, the Kazakhstan GDP Annual Growth Rate is projected to trend around 3.80 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Kazakhstan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 2.70 14.10 -9.20 1995 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-19 11:00 AM YoY Prel Q3 4.3% 4.1% 4.0%
2020-01-02 10:00 AM YoY Final Q3 4.3% 4.1% 4.3%
2020-01-24 11:30 AM YoY Q4 4.5% 4.3% 4.2%
2020-04-14 05:40 AM YoY Q1 2.7% 4.5% 4.5%
2020-10-01 10:00 AM YoY Q2 2.7% -2.5%
2020-12-01 10:00 AM YoY Q3 -2.5%

News Stream
Kazakhstan GDP Growth Weakest in Over 3 Years
Kazakhstan's GDP grew 2.7 percent year-on-year in the first quarter of 2020, after a 4.5 percent expansion in the previous quarter. This was the weakest GDP growth since the fourth quarter 2016.
Kazakhstan GDP Expands 4.5% in 2019
Kazakhstan's GDP growth expanded to 4.5 percent in 2019, the same as in the previous year, the country's Prime Minister Askar Mamin said on Friday. The Prime Minister also added that all main sectors of the economy have shown growth and that will have a positive impact on the living standards of the population.

Kazakhstan GDP Annual Growth Rate
Kazakhstan is the largest economy in Central Asia. The services sector is the most important and accounts for 54 percent of total GDP. The biggest segments within services are: wholesale and retail trade and repairs of motor vehicles and motorcycles (15 percent of total GDP); transport, warehousing, information and communication (10 percent); real estate (9 percent) and professional, scientific, technical, administrative and support services (7 percent). Industry contributes 34 percent of the wealth; construction 7 percent and agriculture, forestry and fishing 5 percent.