Kazakhstan GDP Annual Growth Rate

Last Release

Sep 30, 2024

Actual

4.1

Units In

3.2

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
14.1 Jun 2001	-9.2 Sep 1995	4.54 %	1995-2024	Agency of Statistics of the Republic of Kazakhstan

Kazakhstan is the largest economy in Central Asia. The services sector is the most important and accounts for 54 percent of total GDP. The biggest segments within services are: wholesale and retail trade and repairs of motor vehicles and motorcycles (15 percent of total GDP); transport, warehousing, information and communication (10 percent); real estate (9 percent) and professional, scientific, technical, administrative and support services (7 percent). Industry contributes 34 percent of the wealth; construction 7 percent and agriculture, forestry and fishing 5 percent.

Latest Updates

Kazakhstan's GDP expanded by 4.1% in the first nine months of 2024, slowing from a 4.9% growth in the same period of the previous year. Output of goods increased 5%, driven by growth in agriculture, forestry and fishing (+11.4%), manufacturing (+4.8%), electricity, gas, steam & air conditioning supply (+5.5%) and construction (+10.1%). Meanwhile, services output grew 4%, led by higher activity in wholesale and retail trade, repair of motor vehicles and motorcycles (+6.3%), transportation & storage (+8%), information & communication (+6.4%) and arts, entertainment and recreation (+3.5%). The shares of production of goods and production of services in GDP in January-September 2024 were 36.4% and 56.5%, respectively.