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According to the preliminary statistical report, Kazakhstan managed to achieve 6% real GDP growth in 2013, which makes it the fastest growing economy in the region we analyse. Total GDP growth is expected to remain robust during the whole forecast period of 2014-2016 at a rate of 5.5-6.5%. The oil sector will remain the main driving force of the economy, while the role of private consumption is expected to decline during that period.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||16557||16791||17035||.||.||.|
|GDP, real change in %||7.5||5.0||6.0||6.0||6.5||5.5|
|GDP per capita (EUR at PPP)||15600||16800||17400||.||.||.|
|Gross industrial production, real change in %||3.8||0.7||2.3||.||.||.|
|Unemployment rate - LFS, in %, average||5.4||5.3||5.2||5.1||5.0||5.0|
|Average gross monthly wages, EUR||441||528||540||.||.||.|
|Consumer prices, % p.a.||8.3||5.2||5.8||8.0||6.0||6.0|
|Fiscal balance in % of GDP||-2.1||-2.9||-2.1||.||.||.|
|Public debt in % of GDP||12.3||13.0||13.3||.||.||.|
|Current account in % of GDP||5.4||0.5||0.5||2.1||4.1||6.7|
|FDI inflow, EUR mn||9885||10618||7514||.||.||.|
|Gross external debt in % of GDP||71.8||65.1||64.5||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
KAZAKHSTAN: Consumption boom fuelled by credit to be over soon
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 97-99 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details