Kazakhstan’s GDP at 3.9%
Kazakhstan’s GDP growth is estimated at 3.9 per cent since the beginning of the year. A slowdown of inflation and high investment activities are key factors that influence the economic growth of the country. According to official information of the Kazakh Ministry of National Economy, the fixed capital investment in Kazakhstan was increased by 25.3 per cent in the first five months of this year. The growth is driven by the modernization of Shymkent oil refinery and the implementation of the Tengiz field expansion project. The investment flow to the manufacturing industry increased by 21 per cent. In addition, the country’s foreign trade turnover has also significantly increased.
TIMUR SULEIMENOV, KAZAKH MINISTER OF NATIONAL ECONOMY:
- Foreign trade turnover maintains a positive trend. In the first quarter of 2018, the foreign trade turnover increased by 24.3 per cent. Exports grew by 27 per cent. The growth of non-primary exports amounted to 11.2 per cent.