ASTANA, Kazakhstan, April 11. Kazakhstan’s economic growth is expected to accelerate in 2025, but the pace is likely to slow down in 2026, Trend reports via ADB.
The Asian Development Bank’s (ADB) April "Asia Development Outlook 2025" report forecasts Kazakhstan’s GDP to grow by 4.9 percent this year, followed by a slowdown to 4.1 percent in 2026.
The report highlights that the acceleration in Kazakhstan’s economic growth in 2025 is driven by the expected boost in oil production from the Future Growth Expansion project at Tengiz.
However, growth is projected to slow in 2026 due to fiscal consolidation, with anticipated changes in tax policy and reductions in government spending, the report states.
The risks for a downward revision include the potential negative impact of global challenges and possible disruptions in oil export routes.
Kazakhstan has been a member of ADB since 1994, and the bank has provided the country with over $7.5 billion in loans, grants, and technical assistance, supporting areas such as public sector management, finance, energy, transportation, and more.