Kazakhstan's gross domestic product shrank 2.6 percent from a year earlier in 2020, compared to a 4.5 percent growth in 2019. Services output slumped 5.6 percent and industrial output shrank 0.4 percent. Meanwhile increases were recorded in production of goods (2 percent), construction (11.2 percent), agriculture, forestry and fisheries (5.6 percent). source: Agency of Statistics of the Republic of Kazakhstan
GDP Annual Growth Rate in Kazakhstan averaged 4.67 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 April of 2021.
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 2.80 in 12 months time. In the long-term, the Kazakhstan GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 5.50 percent in 2023, according to our econometric models.