Kazakhstan’s agriculture sees 50% investment growth against low output growth
Investment in agriculture has seen a 50% growth in the first half of 2019, compared to a low 3.6% output growth in 8 months of this year, Strategy2050.kz informs with reference to Finprom.kz.
The gross output of agriculture, forestry and fishery has stood at 2 trillion tenge for 8 months of 2019, increasing by 3.6% over the same period of last year.
The agricultural output growth was largely due to a 4.7% rise in livestock and poultry slaughtering, a 3.9% growth in crop production and a 3.2% increase in milking.
Agriculture’s share in the GDP has been 2.4% as of the first half-year of 2019, against 4.4% a year ago. So it was currently in its third consecutive year of decline: in 2015 the share was 4.7%.
Meanwhile, investment in agriculture keeps on growing every year. In January-August this year fixed investment has totalled at 263.7 billion tenge – by 50.1% more than in the corresponding period in 2018 (175.7 billion tenge).
2018 alone saw investments worth 395.6 billion tenge (+12.2% within the year) channeled into agriculture.
Nearly all investment flows are allotted to developing crop production and livestock, as well as hunting and services – 263.2 billion tenge, the remaining 482.3 million tenge are split between fishery and aquaculture (272.1 million tenge) and forestry and logging (211.2 million tenge).
Most investments in agriculture are found in Northern Kazakhstan – 62.6 billion tenge (+38.4%), Akmola region – 35 billion tenge (+77%), Kostanay region – 32.7 billion tenge (+33.6%), with their current share estimated at 49.4% (130.2 billion tenge) of the total investment. Atyrau region has seen the considerable fall in agriculture investment – a 65.4% fall within the year.
