AEIR 2017

The first half of 2017 saw robust growth in Kazakhstan’s economy. The country’s GDP posted a 4.2% growth for the said period, mainly due to higher oil prices and a low base in the previous year. The industry sector also supported economic growth, as it expanded by 7.8% in the first half of 2017. This strong showing is due to gains in mining, manufacturing, and crude oil production. Similarly, agriculture and services expanded by 3.1% and 2.3%, respectively.

The growth outlook for Kazakhstan is also upbeat. Extractive industries are expected to propel growth in the coming quarters, and the external milieu is seen to improve gradually. Forecasts for full-year growth are at 2.7% and 3.0% in 2017 and 2018, respectively.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 2.0 (Jun18)2.0 1.0
Broad Money Growth 2 -3.1 (May18)-3.1 -2.5
Headline Inflation Rate 3 5.9 (Jun18)6.2 7.5
Industrial/ Manufacturing Production Growth Rate 3 6.4 (May18)4.5 10.7
Merchandise Export Growth 3 28.2 (Mar18)28.2 29.5
Exchange Rate Index 4 253.2 (Jun18)247.1 239.7
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database.