The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. As of 2023, Kazakhstan attracted more than US$370 billion of foreign investments since becoming an independent republic after the dissolution of the former Soviet Union .

Jan 30, 2025 · Kazakhstan's economy is estimated to have grown by 4.0% in 2024 and a temporary acceleration to 4.5–5.0% growth is projected in 2025, supported by a one-off surge in oil production, export growth, and continued fiscal stimulus.

Since the 2000s, Kazakhstan has experienced significant economic growth due to market-oriented reforms, mineral resource extraction, and strong foreign direct investment, transforming it into an upper middle-income economy with improved living standards and reduced poverty.

Kazakhstan will register robust growth in the medium term as increased fixed investment, coupled with strong oil output and the continuation of monetary loosening drives the economy. The disruption to oil exports through Russian territory remains a key downside risk.

Kazakhstan’s economic forecast for the next two years is steady growth. After rebounding from the adverse impacts of Russia’s invasion of Ukraine in 2023, growth is expected to slow to 3.4% year-on-year in 2024 due to lower-than-expected oil production.

May 3, 2024 · The Asian Development Outlook (ADO) April 2024, ADB’s flagship economic publication published today, projects Kazakhstan’s gross domestic product (GDP) growth at 3.8% in 2024. That figure is forecast to bounce back to 5.3% next year as the expansion of the Tengiz oil field boosts oil production.

Kazakhstan Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.

Jan 31, 2025 · After reaching 5.1 percent in 2023, growth is expected to slow to 3.9 percent in 2024, while inflation would decline to 8.2 percent. The banking sector remains resilient amid continued rapid consumer credit growth. A moderate current account deficit is expected this year. The outlook is subject to elevated risks, including from an uncertain external environment. …

Jan 17, 2025 · The ninth- largest country by land area, Kazakhstan is a major economy in Eurasia. It ranks first by gross domestic product (GDP) in Central Asia and second after Russia in the Commonwealth...

Jan 10, 2025 · To meet its own investment targets and decarbonize its economy, the Tokayev administration needs to fully commit to its economic program in 2025. In 2025, the Kazakh economy is set to grow at a...