ASTANA, Kazakhstan, June 4. The share of the manufacturing industry in Kazakhstan's GDP is 12.3 percent, said First Deputy Prime Minister of Kazakhstan Roman Sklyar, Trend reports citing the government of Kazakhstan.
"The government of Kazakhstan is faced with the task of ensuring 6 percent growth in the manufacturing industry by the end of 2024. At the same time, the share of this sector in GDP is 12.3 percent, and today it is almost equal to the share of the mining and metallurgical complex (12.6 percent)," he said.
He also outlined plans to further diversify the economy and ensure growth in the manufacturing sector.
"Existing enterprises must work, reinvest in their production, and increase production volumes. It is also necessary that new innovative enterprises be “born” in our country. It is important to attract foreign capital so that investments are made in the economy of our country, and then the products are exported. We cannot ensure growth only through the domestic market," he noted.
The First Deputy Prime Minister also listed enterprises in the manufacturing industry and in the mining and metallurgical complex, which today demonstrate a high level of technological growth.
Meanwhile, the volume of industrial production in Kazakhstan amounted to 46.4 trillion tenge (about $102.5 billion) from January through December 2023. Compared to 2022, production increased by 4.3 percent.
Thus, production volume in the mining and quarrying industry amounted to 21.7 trillion tenge (about $47.9 billion), which is 4.6 percent more than in 2022. In addition, production in this area accounted for 46.9 percent of total industrial production.
At the same time, production in the manufacturing industry increased by 4.1 percent compared to 2022 and amounted to 21.6 trillion tenge (about $47.7 billion). The manufacturing industry, in turn, covered 46.6 percent of total industrial production.
