The World Bank in Kazakhstan

Kazakhstan recorded 3.2% GDP growth in 2022. The economy is expected to see a moderate increase in growth to 3.5% in 2023 and to 4% in 2024, led by the hydrocarbons sector as oil production rises thanks to several new projects.

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June 2023

Monthly Economic Update

The government has reported a preliminary year-on-year expansion of 4.9% in real GDP during Q1, primarily driven by the robust growth exhibited in the manufacturing and services sectors.
Economy

Kazakhstan Economic Update

The latest semiannual Kazakhstan Economic Update outlines the economic situation in the country and medium-term development prospects.
Blog

How to boost greener lending

Kazakhstani banks aren’t moving decisively enough to greener lending—lending that supports environmentally friendly activities.

Kazakhstan At-A-Glance

Despite challenges from decreased oil production and supply-chain issues stemming from the country's economic ties with Russia, Kazakhstan recorded 3.2% GDP growth in 2022. Growth was driven by non-oil exports to neighboring countries and investment growth of 7.9%. The economy is expected to see a moderate increase in growth to 3.5% in 2023 and to 4% in 2024, led by the hydrocarbons sector as oil production rises thanks to several new projects.

Overview