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 July 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.