Markets Actual Q3 Q4 Q1 Q2 2023
Currency 465.59 476 488 500 512 538
Stock Market (points) 2694.96 2602 2532 2463 2396 2268

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.40 2.9 3.6 3.5 3.8 4.3
Unemployment Rate (%) 4.90 4.7 4.7 4.7 4.7 4.8
Inflation Rate (%) 14.50 14.5 13.9 12.5 11.2 13.9
Interest Rate (%) 14.00 14 12 11.5 11 9.25
Balance of Trade (USD Million) 3742.00 4000 3950 3850 3700 3200
Current Account (USD Million) 2194.00 2200 2000 1900 2100 1500
Current Account to GDP (% of GDP) -3.00 1.1 1.1 0.8 0.8 0.8
Government Debt to GDP (% of GDP) 27.40 26 26 26 26 26
Government Budget (% of GDP) -4.00 -2 -2 -2.2 -2.2 -2.2
Business Confidence (points) 2.00 6 7 6 6 8
Consumer Confidence (points) 101.00 85 85 85 84 83
Retail Sales Mom (%) 6.10 15 5 5 5 5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.40 2.9 3.6 3.5 3.8 4.3
GDP (USD Billion) 169.84 180 180 186 186 186
GDP Constant Prices (KZT Billion) 18801.50 33165 54204 84195 19460 87815
Gross Fixed Capital Formation (KZT Billion) 19276.00 6825 12536 19970 19951 20829
GDP per capita (USD) 10963.71 11800 11800 12500 12500 12500
GDP per capita PPP (USD) 25337.15 26400 26400 27400 27400 27400
Full Year GDP Growth (%) 4.00 2.9 2.5 3.5 3.8 3.9
GDP From Agriculture (KZT Million) 4202632.90 971438 2732126 4353928 4349725 4541147
GDP From Construction (KZT Million) 4785542.90 1806244 3140747 4957822 4953037 5171009
GDP From Manufacturing (KZT Million) 11417950.70 4664915 7259591 11828997 11817579 12337644
GDP From Mining (KZT Million) 11436623.60 2667052 7736340 11848342 11836905 12357821
GDP From Public Administration (KZT Million) 1567615.30 758745 1062606 1624049 1622482 1693884
GDP From Services ( KZT Million) 10610224.10 8334948 10917921 10992192 10981582 11464856
GDP From Transport (KZT Million) 5399916.00 1041037 3295349 5594313 5588913 5834868
GDP From Utilities (KZT Million) 429392.60 270999 468789 444851 444421 463979
Gross National Product (KZT Million) 70714083.60 73189077 72764792 73259791 73189077 76409962

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 4.90 4.7 4.7 4.7 4.7 4.8
Unemployed Persons (Thousand ) 453.10 445 446 446 446 446
Long Term Unemployment Rate (%) 2.20 2.1 2 2 2 2
Wages (KZT/Month) 286936.00 174000 174000 174000 174000 174000
Minimum Wages (KZT/Month) 60000.00 60000 60000 69000 69000 69000
Population (Million) 19.12 18.88 19.12 19.12 19.12 19.12
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 60.50 60.5 60.5 60.5 60.5 60.5
Wages In Manufacturing (KZT/Month) 326454.00 200000 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.70 4.1 4.1 4.1 4.1 4.1

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 14.50 14.5 13.9 12.5 11.2 13.9
Consumer Price Index CPI (points) 1004.10 1036 1052 1093 1117 1198
Core Inflation Rate (%) 13.54 12 11 9 7.5 6
Producer Prices (points) 1769.40 2197 2158 2332 2212 3194
GDP Deflator (points) 110.60 119 119 126 124 143
Food Inflation (%) 19.20 18 17.5 15 12 9
CPI Transportation (points) 112.80 114 114 115 116 116
Producer Prices Change (%) 29.00 48 34 25 25 48
Inflation Rate Mom (%) 1.60 0.8 0.7 0.6 0.5 0.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 14.00 14 12 11.5 11 9.25
Interbank Rate (%) 10.50 10.5 8.5 8 7.5 7.5
Money Supply M2 (KZT Million) 22903738.00 17599000 17599000 17599000 17599000 17599000
Banks Balance Sheet (KZT Thousand) 37770118765.00 38500000000 39700000000 40800000000 41900000000 43900000000
Foreign Exchange Reserves (USD Million) 32768.00 33950 34400 34400 35300 36000
Central Bank Balance Sheet (KZT Million) 10813203.00 10990000 12500000 11800000 12800000 13600000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 3742.00 4000 3950 3850 3700 3200
Current Account (USD Million) 2194.00 2200 2000 1900 2100 1500
Current Account to GDP (% of GDP) -3.00 1.1 1.1 0.8 0.8 0.8
Imports (USD Million) 3691.10 3850 3850 3800 3700 3800
Exports (USD Million) 7433.10 7800 7700 7500 7700 7000
External Debt (USD Million) 165057.00 17200 17300 17300 17500 18500
Gold Reserves (Tonnes) 368.12 359 359 360 360 360
Crude Oil Production (BBL/D/1K) 1921.00 1920 1980 1920 1890 1990
Foreign Direct Investment (USD Million) 6888.69 4100 4600 4600 5500 7300

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 27.40 26 26 26 26 26
Government Budget (% of GDP) -4.00 -2 -2 -2.2 -2.2 -2.2
Government Budget Value (KZT Million) -263784.25 -320000 -340000 -150000 -200000 -350000
Government Spending (KZT Million) 9592758.30 4708096 7047987 9938098 9928505 10365436
Government Revenues (KZT Million) 6588987.08 11500000 15912000 4800000 8550000 15624000
Government Debt (USD Thousand) 25012430.00 27500000 28800000 28900000 29500000 31500000
Military Expenditure (USD Million) 1752.00 1900 1900 2100 2100 2100

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 5.50 5.5 9.5 9.5 9.5 5.5
Social Security Rate For Companies (%) 3.50 3.5 9.5 9.5 9.5 3.5

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 2.00 6 7 6 6 8
Industrial Production (%) 3.10 1.5 2.8 3 3.5 4
Industrial Production Mom (%) 3.80 3 7 5 1 6
Manufacturing Production (%) 3.60 1.5 3.2 1.7 2 3.5
Changes in Inventories (KZT Million) 2700996.00 2500000 2500000 500000 800000 2500000
Composite PMI (points) 53.90 51.8 51.5 52 51.8 51
Car Registrations 3823564.00 3850000 3870000 3890000 3900000 3990000
Copper Production (Tonnes) 45736.00 29000 39000 42000 37000 40000
Services PMI (points) 54.30 54.1 50 50 50 50
Manufacturing PMI (points) 53.00 51.2 51.2 51 51.4 50.9
Mining Production (%) 0.80 3.8 3.8 4 4 4

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 101.00 85 85 85 84 83
Retail Sales Mom (%) 6.10 15 5 5 5 5
Retail Sales Yoy (%) 12.90 -5 5 3.3 3.3 8
Consumer Spending (KZT Million) 41439914.50 15749477 25816180 42931751 42890312 44777817
Consumer Credit (KZT Million) 11628178.00 9871704 11125447 11559074 12070049 11603841
Gasoline Prices (USD/Liter) 0.45 0.47 0.48 0.5 0.52 0.52

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (points) 119.30 115 114 110 110 108
Construction Output (%) 13.90 5.5 5.5 3.5 4 5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Kazakhstan Forecast - was last updated on Wednesday, July 6, 2022.