ASTANA, Kazakhstan, August 13. Kazakhstan’s GDP growth reached 6.3 percent over the first seven months of the year, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said at a press conference, Trend reports via the press service of Kazakhstan's Prime Minister.
He noted that the President of Kazakhstan has set an ambitious goal to double the country’s GDP by 2029. As of the end of 2024, a key milestone toward this goal has already been achieved.
“Efforts in this domain are currently in progress, especially
through the facilitation of capital influx, enhancement of
operational efficiency, and diversification of the economy beyond
resource-dependent sectors.” From January to July of the current
fiscal year, the GDP expansion recorded a robust 6.3 percent growth
rate. The expansion in the tangible economy registered at 8.3
percent, whereas the tertiary sector experienced an uptick of 5.2
percent,” articulated Zhumangarin.
The primary catalysts for expansion were logistics (+22.5 percent),
infrastructure development (+18.5 percent), and commerce (+8.6
percent). The mining sector exhibited robust expansion, registering
an impressive growth rate of 8.5 percent, while the manufacturing
domain demonstrated substantial performance with a notable increase
of 6.1 percent.
