ASTANA, Kazakhstan, September 13. The real sector continues to make a significant contribution to Kazakhstan's GDP growth, said Prime Minister Alikhan Smailov at a government meeting, Trend reports.
As the PM noted, the mining industry grew by 4.3 percent due to an increase in oil production by more than 6 percent and natural gas by over 3 percent.
"In the manufacturing industry, growth exceeded 3 percent. In particular, there is an intensive increase in production in mechanical engineering by more than 28 percent, including in the automotive industry - over 42 percent," he said.
Smailov said the light industry also showed high dynamics in the manufacturing sector - by almost 20 percent, production of rubber and plastic products - over 7 percent, finished metal products - over 6 percent, food products - by 4 percent and the chemical industry - over 3 percent.
Smailov added that, high growth rates were ensured in the construction sector - by 11.4 percent. In total, almost 10 million square meters of housing were put into operation.
Based on the results of eight months, all main indicators show positive dynamics in the West Kazakhstan, Kostanay, Kyzylorda, North Kazakhstan regions, the cities of Almaty and Shymkent.
As Deputy Minister of Economy Azamat Amrin previously stated at a government meeting, economy of Kazakhstan grew by 4.9 percent from January through August, 2023. Growth in the real sector was 4.4 percent, in the services sector – 4.8 percent. Positive dynamics are observed in all major industries, including construction, trade, information and communications.
In 2022, Kazakhstan's economy grew by 3.1 percent. Growth in the real sector was 3.2 percent, and in the services sector – 2.5 percent. The growth rate of investment in fixed assets amounted to 7.8 percent.
Kazakhstan’s foreign trade turnover in 2022 reached a historically high level - $134.4 billion. The trade surplus amounted to $34.3 billion, which is 82 percent better than in 2021 and 4 times more than in 2020.
