ASTANA, Kazakhstan, March 12. Prime Minister of Kazakhstan Olzhas Bektenov recently met with economic ministers to discuss the country’s growth and economic diversification, Trend reports.
According to Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, Kazakhstan’s GDP grew by 5.4 percent in January and February 2025. Both the goods production and services sectors showed improvement, with industrial production up by 5.7 percent.
Notable growth occurred in manufacturing, which rose by 8.9 percent. Key sectors contributing to this growth included machine engineering (18.2 percent), food production (13.1 percent), building materials (21.6 percent), metal products (20.1 percent), and chemicals (9 percent). The mining industry grew by 4.1 percent.
Construction also saw significant growth, with work volumes reaching 408.1 billion tenge ($816.2 million) and a physical volume index (IFO) of 112.8 percent. The trade sector grew by 6 percent, while transport and warehousing services saw a 21.3 percent increase.
Zhumangarin highlighted strong performance in wholesale trade, especially in grain, seeds, and animal feed, which grew by 5.8 times. The export of high value-added products, such as compound feed, increased fivefold, while vegetable oil exports rose by 28 percent.
Prime Minister Bektenov emphasized the importance of maintaining growth and outlined areas for improvement to achieve the country’s economic goals.
In 2024, Kazakhstan’s GDP grew by 4.8 percent, with strong contributions from agriculture, construction, trade, and manufacturing.
