Kazakhstan's economy expanded by 4.4% in the first quarter of 2022, quickening from a 4.0% advance in the last quarter of 2021, underpinned by a 5.9% increase in output from the real sector, while the tertiary sector expanded 2.8%. Across economic activities, economic output rose in transport & warehousing, construction, trade, water supply, manufacturing industries, information & communication, mining, and agriculture. Looking ahead, the government downwardly revised 2022 growth to 2.1%, from an earlier projection of 3.9%, due to the impact of geopolitical conflicts. source: Agency of Statistics of the Republic of Kazakhstan

GDP Annual Growth Rate in Kazakhstan averaged 4.58 percent from 1995 until 2021, 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 August of 2022.

GDP Annual Growth Rate in Kazakhstan is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kazakhstan GDP Annual Growth Rate is projected to trend around 4.30 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Kazakhstan GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-02-16 09:00 AM Q4 4% 3.5% 4%
2022-04-12 01:30 PM Q1 4.4% 4% 3%
2022-08-16 10:00 AM Q2 4.4% 3.9%

Related Last Previous Unit Reference
GDP Growth Rate 1.26 2.43 percent Dec 2013
GDP Annual Growth Rate 4.40 4.00 percent Mar 2022
GDP Constant Prices 18801.50 81269.23 KZT Billion Mar 2022
Gross Fixed Capital Formation 3251.00 19276.00 KZT Billion Mar 2022
Full Year GDP Growth 4.00 -2.60 percent Dec 2021
GDP From Public Administration 1567615.30 1032658.80 KZT Million Dec 2021
GDP From Mining 11436623.60 7518309.10 KZT Million Dec 2021
GDP From Manufacturing 11417950.70 7054995.70 KZT Million Dec 2021
GDP From Construction 4785542.90 3052231.80 KZT Million Dec 2021
GDP From Agriculture 4202632.90 2655127.50 KZT Million Dec 2021
GDP From Utilities 429392.60 455576.80 KZT Million Dec 2021
GDP From Transport 5399916.00 3202477.10 KZT Million Dec 2021
GDP From Services 10610224.10 8053089.70 KZT Million Sep 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.00 14.10 -9.20 1995 - 2022 percent Quarterly