ASTANA, Kazakhstan, August 26. Kazakhstan's GDP will grow to 5.4 percent in 2026, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said at a government meeting, presenting the socio-economic development forecast for 2026–2028, Trend reports via the press service of the Prime Minister of Kazakhstan.
The Deputy Prime Minister noted that the forecast is based on a baseline scenario.
According to this scenario, real GDP growth in 2026 will reach 5.4 percent, with an average annual growth rate over three years expected to be around 5.3 percent. Nominal GDP will increase from 183.8 trillion tenge (approximately $349.2 billion) in 2026 to 229.8 trillion tenge (approximately $436.6 billion) in 2028.
Economic growth will be driven by the development of the real sector and services. In the manufacturing industry, growth rates are expected to accelerate from 6.2 percent in 2026 to 6.6 percent in 2028, thanks to the implementation of investment projects.
“The average growth over three years in mining will be 2.8 percent, in agriculture - 3.9 percent, in construction - 11.0 percent, in transport services - 10.1 percent, and in trade - 6.7 percent. A positive trade balance will be maintained. Exports are forecasted to increase from $77.1 billion in 2026 to $83.7 billion in 2028, while imports will rise from $67.7 billion to $75.2 billion,” Serik Zhumangarin stated.
Kazakhstan's inflation forecast for 2026 will not exceed 10 percent, while inflation levels for 2027 and 2028 are expected to be around 6 percent.
