Kazakhstan’s economy expanded 1.9 percent year-on-year in October of 2021, the slowest pace since April and following a 5.0 percent advance in September, reflecting significant headwinds from the primary sector. Agricultural, forestry, and fishing activities and output from construction works (-7.5 percent vs 3.8 percent) contracted sharply (-20.4 percent vs 0.7 percent in September), almost offsetting robust growth in major sectors, such as industrial production (4.2 percent vs 4.7 percent in June) and retail trade (6.8 percent vs 5.6 percent). Meanwhile, communication services continued to see double-digit growth (12.2 percent vs 14.4 percent). On the expenditure side, fixed capital investment rose 6.2 percent, easing from a 6.3 percent hike in September. Considering the first ten months of 2021, the economy advanced 3.9 percent over the same period a year earlier. source: Agency of Statistics of the Republic of Kazakhstan

Monthly GDP YoY in Kazakhstan averaged 3.18 percent from 2008 until 2021, reaching an all time high of 15.40 percent in December of 2009 and a record low of -11.70 percent in July of 2020. This page includes a chart with historical data for Kazakhstan Monthly GDP YoY. Kazakhstan Short-Term Economic Indicator - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

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Kazakhstan Short-Term Economic Indicator


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 10:00 AM Sep 5.0% 4.7% 4.2%
2021-11-16 10:00 AM Oct 1.9% 5.0% 7.4%
2021-12-16 10:00 AM Nov 1.9%


News Stream
Kazakhstan Economy Slows Significantly in October
Kazakhstan’s economy expanded 1.9 percent year-on-year in October of 2021, the slowest pace since April and following a 5.0 percent advance in September, reflecting significant headwinds from the primary sector. Agricultural, forestry, and fishing activities and output from construction works (-7.5 percent vs 3.8 percent) contracted sharply (-20.4 percent vs 0.7 percent in September), almost offsetting robust growth in major sectors, such as industrial production (4.2 percent vs 4.7 percent in June) and retail trade (6.8 percent vs 5.6 percent). Meanwhile, communication services continued to see double-digit growth (12.2 percent vs 14.4 percent). On the expenditure side, fixed capital investment rose 6.2 percent, easing from a 6.3 percent hike in September. Considering the first ten months of 2021, the economy advanced 3.9 percent over the same period a year earlier.
2021-11-16
Kazakhstan Economy Advances 4.7% in August
Kazakhstan’s economy grew by 4.7 percent year-on-year in August of 2021, a slower growth pace compared to the 7.6 percent growth rate in the prior month. Output was driven by construction works (11.9 percent vs 6.3 percent in July), communication services (14.9 percent vs 14.3 percent), and agricultural, forestry, and fishing activities (1.2 percent vs -0.2 percent). Meanwhile, output grew at a slower place for industrial production (1.9 percent vs 8.2 percent), and retail trade (0.2 percent vs 5.2 percent). From the expenditure side, fixed capital investment surged 17.9 percent, compared to the 0.7 increase in July. Year to date, Kazakhstan’s economy advanced 3.9 percent over the same period last year.
2021-09-16
Kazakhstan GDP Rises the Most in 3 Months
Kazakhstan’s economy leapt 7.6 percent year-on-year in July of 2021, expanding at a notably faster pace than the prior month’s 4.9 percent rise. It was the steepest expansion in economic output since last April, mainly supported by industrial production (8.2 percent vs 1.7 percent in June), as growth slowed down in most other sectors, namely retail trade (5.2 percent vs 7.5 percent); construction works (6.3 percent vs 10.8 percent); and communication services (14.3 percent vs 15.0 percent). On the other hand, output fell in agricultural, forestry, and fishing activities (-0.2 percent vs 3.6 percent). From the expenditure side, fixed capital investment edged up 0.7 percent, easing sharply from a 9.3 percent hike in June. Considering the January-July period of 2021, the economy advanced 3.7 percent over the same period a year earlier.
2021-08-16

Kazakhstan Short-Term Economic Indicator
Short-term economic indicator in Kazakhstan is calculated on the basis of real growth rate in six branches of economy - agriculture, industry, construction, trade, transport and communications.