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  • GDP growth accelerated to 3.6% in this January – Kazakh national economy minister
11 Февраля, 2020 10:11

GDP growth accelerated to 3.6% in this January – Kazakh national economy minister

According to Ruslan Dalenov, national economy minister of Kazakhstan, in January of 2020 the positive trends in macroeconomic indicators were achieved, Strategy2050.kz correspondent reports.

GDP growth accelerated to 3.6% in this January – Kazakh national economy minister | Strategy2050.kz

During his speech, the minister has pointed out the increases in all base sectors of the economy.

“This January saw the GDP’s growth accelerating to 3.6% against last year’s 2.9%. Investments in the fixed capital grew by 3.1%. The annual inflation was 5.6% within the target range of 4-6%. All base sectors of economy observed the positive outcomes, with construction increasing by 12.5%, communications by 9.8%, trade by 5.2%, manufacturing by 4.1%, transfer by 3.6% and agriculture by 2.6%,” the minister says.

He also marked a 7.8% rise in processing, with the five regions with the increase above the national level. Of these the three regions saw increases from 15% to 40%, with Kostanay region occupying a leading spot due to machine-building.

Construction in Turkestan region grew by 80% in this January. Such an increase was reached as a result of an active development of Turkestan as the region’s centre.

He has also spoke of the indicators for the present year in an effort to fulfill the tasks given by the Kazakh President.

“The key indicators for this year include a 4.7%-5% increase in GDP, creation of new 430 thousand jobs, increasing the share of investments in the fixed capital to up to 20% to the GDP, and that of SME to up to 30% to GDP, bringing non-primary exports to $18.6 billion, commissioning 15 million sq.m. of housing,” he said.

Written by Adlet Seilkhanov

Image credit: primeminister.kz

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan