wiiw Forecast Reports

KAZAKHSTAN: Oil sector growth benefits few


Olga Pindyuk

in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 101-105

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The Kazakh economy has been expanding mainly on the back of the oil sector. Lack of economic diversification will limit the scale of GDP growth to about 3% per annum during 2018-2020. Households have not benefited from economic growth, as their incomes have dropped in real terms. The banking sector remains a bottleneck to economic diversification.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Kazakhstan