The economy of Kazakhstan grew 4.3 percent year-on-year in February 2019, following a 2.9 percent expansion in the previous month, according to the the Minister of National Economy. Considering to January-February, the economy advanced 3.5 percent, driven by an increase in goods production and expansion of the services sector. Leading Economic Index in Kazakhstan averaged 3.49 percent from 2008 until 2019, reaching an all time high of 15.40 percent in December of 2009 and a record low of -8.20 percent in October of 2012.
Leading Economic Index in Kazakhstan is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Kazakhstan to stand at 4.20 in 12 months time. In the long-term, the Kazakhstan Short-Term Economic Indicator is projected to trend around 6.50 percent in 2020, according to our econometric models.