Kazakhstan

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Economic revival is accelerating, with a full rebound to pre-pandemic performance in sight for this year. Rising consumer demand and new fiscal stimuli will support strong performance in the coming years, but inflationary pressure is re-emerging and is likely to persist next year. The forecasts for 2021 and 2022 have been revised upwards to 3.9% and 4.2%.
        FORECAST*
Main Economic Indicators201820192020202120222023
Population, 1000 persons182761851418756...
GDP, real change in %4.14.5-2.53.94.24.4
GDP per capita (EUR at PPP)177401848018020...
Gross industrial production, real change in %4.44.1-0.5...
Unemployment rate - LFS, in %, average4.94.84.94.94.84.8
Average gross monthly wages, EUR400436452...
Consumer prices, % p.a.6.05.36.87.96.75.9
Fiscal balance in % of GDP-1.4-1.9-4.0-3.5-2.6-2.0
Public debt in % of GDP26.024.930.5...
Current account in % of GDP-0.1-4.0-3.8-2.9-2.0-1.9
FDI inflow, EUR m7133226488...
Gross external debt in % of GDP91.987.388.9...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI
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Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures

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