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In the first quarter of 2015, real GDP growth slowed down significantly due to poor export performance and weak internal demand. Access to credit worsened on account of the tightened monetary policy, but the latter is likely to gradually soften to prevent long-term negative effects on business activity. GDP will grow by only 2% in 2015. In 2016-2017, growth is forecasted to speed up to 3.5% and 4.5% respectively, with investment being the main growth driver.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||16791||17035||17289||.||.||.|
|GDP, real change in %||5.0||6.0||4.4||2.0||3.5||4.5|
|GDP per capita (EUR at PPP)||16600||17500||18300||.||.||.|
|Gross industrial production, real change in %||0.7||2.5||0.2||.||.||.|
|Unemployment rate - LFS, in %, average||5.3||5.2||5.0||5.0||5.0||5.0|
|Average gross monthly wages, EUR||528||540||506||.||.||.|
|Consumer prices, % p.a.||5.2||5.8||6.7||5.0||6.0||5.0|
|Fiscal balance in % of GDP||-2.9||-2.0||-2.8||.||.||.|
|Public debt in % of GDP||13.0||12.9||14.8||.||.||.|
|Current account in % of GDP||0.5||0.4||2.8||-3.2||-1.1||0.8|
|FDI inflow, EUR mn||10618||7536||5306||.||.||.|
|Gross external debt in % of GDP||65.1||62.5||78.9||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures
KAZAKHSTAN: Waiting for devaluation
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 113-116 Details and Buy