Kazakh economy grew 6.3% in January – statistics

March 14. Interfax-Kazakhstan

Kazakh economy grew 6.3% in January - statisticsKazakhstan’s gross domestic product (GDP) grew 6.3% in the first month of 2011 compared with January 2010, said Alikhan Smailov, the head of the State Statistics Agency.

“In January the GDP grew by 6.3%,” Mr Smailov told a Monday press briefing in Astana.

As reported, in 2010 the GDP of Kazakhstan rose 7% compared with a year earlier to 21,513.5 billion tenge (145.66/$1). This year the Kazakh economy is expected to expand 5%.

http://www.interfax.kz/?lang=eng&int_id=10&news_id=4153

***

Kazakh trade surplus shrinks to $2.4 bln in Jan

March 14. Reuters. ALMATY

Kazakhstan’s trade surplus shrank to $2.4 billion in January 2011 from $2.8 billion in the same month of last year, the State Statistics Agency said on Monday.

Exports, predominantly oil and metals, eased by 0.7 percent year-on-year to $4.2 billion in January 2011, while imports expanded by 21.8 percent to $1.8 billion.

Russia was Kazakhstan’s main trading partner in January, with an 11.9 percent share of total exports in the period and a 43.3 percent share of imports.

Though Russia was the biggest supplier of Kazakh imports, China was the biggest export market, with a 17.8 percent share.

Following are data supplied by the State Statistics Agency:

FOREIGN TRADE BALANCE OF KAZAKHSTAN ($ millions)

  Jan 2011 Jan 2010
Exports 4,229.9 4,259.4
Imports 1,791.4 1,471.2
Balance +2,438.5 +2,788.2

http://af.reuters.com/article/energyOilNews/idAFLDE72D01O20110314

Share