ASTANA — Kazakhstan’s GDP grew 5.4% in January-February, as reported during a March 12 meeting of the economic bloc ministries chaired by Prime Minister Olzhas Bektenov.
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According to the Prime Minister’s press service, dynamics improved in the production of goods and services. Industrial production rose by 5.7%, while the manufacturing industry increased by 8.9%.
Key contributors included mechanical engineering (18.2%), food production (13.1%), construction materials (21.6%), metal products (20.1%), and the chemical industry (9%). Mining output increased by 4.1%.
Construction volumes reached 408.1 billion tenge (US$829.3 million), maintaining high growth rates. Trade expanded by 6%, while transport and warehousing services surged 21.3%.
Wholesale trade enterprises contributed significantly, with increases in grain, seeds, animal feed (5.8 times), pharmaceuticals (44.6%), and cars and light vehicles (38.8%). Grain transportation rose 43% to 2.4 million tons, and milled product shipments grew by 12%.
Exports of high value-added products, particularly compound feed, increased fivefold to 273,000 tons from 56,000 tons recorded in 2024. Vegetable oil exports rose 28% to 94,000 tons.
