Kazakhstan

Strong industry performance accounts for a speeding-up of economic growth in 2017. The oil sector is benefiting from output expansion, higher prices and increased external demand. Real household income has been in decline, and private consumption growth is financed primarily through bank loans. The government is adopting measures to achieve fiscal consolidation and revive the banking sector.

map Kazakhstan
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons172891754417794...
GDP, real change in %4.21.21.13.03.03.5
GDP per capita (EUR at PPP)182001870018900...
Gross industrial production, real change in %0.3-1.6-1.1...
Unemployment rate - LFS, in %, average5.05.05.05.05.05.0
Average gross monthly wages, EUR508513377...
Consumer prices, % p.a.6.76.614.67.06.06.0
Fiscal balance in % of GDP-2.7-2.2-1.6...
Public debt in % of GDP14.622.725.0...
Current account in % of GDP2.8-2.8-6.5-2.8-1.7-1.8
FDI inflow, EUR mn5437556815340...
Gross external debt in % of GDP77.784.3126.0...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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KAZAKHSTAN: Economy accelerates on the back of booming oil sector

Olga Pindyuk
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 78-81
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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

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