Kazakhstan’s Economic Growth Accelerates in January-September This Year

ASTANA – Kazakhstan’s economy grew by 2.8 percent in the January-September period of this year, said Kazakh Minister of National Economy Alibek Kuantyrov at an Oct. 11 government meeting, reported the Prime Minister’s press service on Oct. 12.

Kazakhstan’s economy grew by 2.8 percent over nine months of this year. Photo credit: forbes.com

The growth was driven by a surge in the agricultural, information and communication, construction, transportation and warehousing, manufacturing, trade, and mining sectors.

In the reporting period, foreign trade turnover increased by 36.3 percent and reached $86.3 billion. The export increased by 50.6 percent to $56 billion, as imports reached $30 billion. 

According to Deputy Prime Minister and Finance Minister Yerulan Zhamaubayev, state budget revenues reached 1.177 trillion tenge (US$23.3 billion) between January and September.

The gross agricultural production increased by 6.9 percent to 6.8 trillion tenge (US$14.2 billion) over nine months, said Agriculture Minister Yerbol Karashukeev. The harvesting of grain crops in the country is almost finished.  As of Oct. 10, 15.9 million hectares have been harvested. Nearly 21.6 million tons have been threshed with a 13.5 quintals per hectare yield.


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