Kazakhstan to revise forecasts for GDP growth

Oct 12. Trend. Astana

By Daniyar Mukhtarov

Kazakhstan to revise forecasts for GDP growthThe government of Kazakhstan plans to revise the forecasts for the growth rate of GDP in 2014, the country’s Minister of National Economy Erbolat Dossaev said.

“The government is waiting for the results of nine months in order to revise the forecast for 2014. The results will be ready by Oct.15 and following this, we will make necessary decisions on 2014, as well as for 2015-2017,” the minister said.

He said currently, there is a certain impact on Kazakhstan’s economy. “We closely follow the current trends.”

“The parameters of macroeconomic forecasts for 2015-2017 may change. The parliament is actively discussing the initial parameters which we determined in August 2014.”

The government of Kazakhstan approved in August the forecasts for the country’s socio-economic development for 2015-2019.

The real GDP growth is expected to reach five percent in Kazakhstan in 2015, 5.6 percent in 2016, 6.8 percent in 2017, 5.8 percent in 2018, and 6.5 percent in 2019, according to the forecasts.

Nominal GDP is expected to increase from 45 trillion tenge ($ 1 -182 tenge) in 2015 to 72.8 trillion tenge in 2019. GDP per capita will exceed $13,900 in Kazakhstan in 2015 and will increase to $21,400 in 2019.

Kazakhstan’s exports will increase from $79.2 billion in 2015 to $93.5 billion in 2019, imports – from $50.1 billion in 2015 to $57.8 billion in 2019.

The National Bank of Kazakhstan expects inflation to hit 6-8 percent in 2015 with further 5-7 percent decrease in the medium term.


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GDP of Astana reached 1.5 trillion tenge in January-July 2014

Oct 13. Kazpravda

These data were provided by the statistics department of Astana.

The gross regional product of Astana in January-July 2014 amounted to 1 552, 5 billion KZT, reports Kazpravda.kz with reference to the statistics department of the capital. However, on the results of the first half of 2013 it amounted to 1 334.5 billion tenge.

The capital’s share of GDP remains the 3rd in the structure of the national volume and makes up 9.9%. At the 1st place is the city Almaty (17.1%) and the 2nd is the Atyrau region (12.9%).

The industry’s share in the sectoral structure of GDP was 3.4%, real estate transactions – 8.8%, transport and warehousing – 9.0%, construction – 10.1%, repair of motor vehicles and motorcycles – 25.1%, other services – 43.6%.

The gross regional product per capita in the capital amounted to 1,882.3 thousand tenge and occupies the 2nd place among the regions of the republic after  Atyrau oblast (3 552.0 thousand tenge).