Markets Actual Q3 Q4 Q1 Q2 2022
Currency 425.08 428 429 431 432 435
Stock Market (points) 3434.28 3222 3167 3112 3058 2953

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 2.30 3.5 3 3 4 4.5
Unemployment Rate (%) 4.90 5.9 5.5 5.4 5.4 5.1
Inflation Rate (%) 8.70 7.1 6 5.5 5.5 5
Interest Rate (%) 9.50 9.5 10 10.5 10.5 10.25
Balance of Trade (USD Million) 1651.00 3530 3520 3520 3520 3520
Current Account (USD Million) -381.40 -850 -950 -900 -800 -950
Current Account to GDP (% of GDP) -3.70 -1.5 -1.5 -1.5 -1.5 -1.5
Government Debt to GDP (% of GDP) 23.40 25.5 25.5 25.5 25.5 26
Government Budget (% of GDP) -4.00 -4.5 -4.5 -4.5 -4.5 -4
Business Confidence (points) 7.00 3 5 5 4 7
Consumer Confidence (points) 97.00 82 83 83 83 83
Retail Sales Mom (%) 15.10 15 15 15 15 5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 2.30 3.5 3 3 4 4.5
GDP (USD Billion) 169.84 166 166 166 166 177
GDP Constant Prices (KZT Billion) 32043.93 47406 72769 16417 33326 76043
Gross Fixed Capital Formation (KZT Billion) 2935.00 11484 8559 3023 3052 18777
GDP per capita (USD) 11075.01 11500 11500 11500 11500 11600
GDP per capita PPP (USD) 25337.15 25700 25700 25700 25700 26400
Gross National Product (KZT Million) 70714083.60 71270942 57895041 71618605 71479540 74841443
GDP From Agriculture (KZT Million) 938587.30 2408700 3923156 409169 976131 4099698
GDP From Construction (KZT Million) 1745163.50 2877177 4413655 703405 1814970 4612270
GDP From Manufacturing (KZT Million) 4507164.60 6095030 9512686 2430801 4687451 9940757
GDP From Mining (KZT Million) 2576861.60 2107184 2266289 2444227 2679936 2368272
GDP From Public Administration (KZT Million) 381238.60 326009 375530 362404 396488 392429
GDP From Services ( KZT Million) 8053089.70 9391010 14867911 9220095 8375213 15536967
GDP From Transport (KZT Million) 1005832.90 1000916 1814888 1109507 1046066 1896557
GDP From Utilities (KZT Million) 261834.70 342018 294703 335892 272308 307965

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.90 5.9 5.5 5.4 5.4 5.1
Unemployed Persons (Thousand ) 451.40 445 445 445 445 446
Long Term Unemployment Rate (%) 2.20 3.2 2.8 2.7 2.7 2.7
Wages (KZT/Month) 252766.00 174000 174000 174000 174000 174000
Minimum Wages (KZT/Month) 42500.00 42500 44000 44000 44000 44000
Population (Million) 18.88 18.88 18.88 18.88 18.88 19.12
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 60.00 58 58 58 58 58
Wages In Manufacturing (KZT/Month) 257668.00 200000 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.70 4.1 4.1 4.1 4.1 4.1

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 8.70 7.1 6 5.5 5.5 5
Consumer Price Index CPI (points) 900.70 890 902 915 940 948
Core Inflation Rate (%) 8.20 5.8 5.8 5.8 5.8 5.3
Producer Prices (points) 1489.40 1250 1234 1281 1471 1271
Inflation Rate Mom (%) 0.50 0.5 0.5 0.5 0.5 0.5
Producer Prices Change (%) 39.20 14 12 1 4 3
GDP Deflator (points) 103.60 115 110 109 109 115
Food Inflation (%) 11.40 6.5 5 5 5 5
CPI Transportation (points) 108.40 112 110 108 114 116

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 9.50 9.5 10 10.5 10.5 10.25
Interbank Rate (%) 10.50 10.5 11 11.5 11.5 11.25
Money Supply M2 (KZT Million) 22155383.00 17599000 17599000 17599000 17599000 17599000
Banks Balance Sheet (KZT Thousand) 34856685040.00 27523359798 28371399216 28371399216 28371399216 29502118441
Foreign Exchange Reserves (USD Million) 36800.00 35100 35100 35100 35100 35100
Central Bank Balance Sheet (KZT Million) 11361265.00 8996439 9459617 9459617 9459617 10077189

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 1651.00 3530 3520 3520 3520 3520
Current Account (USD Million) -381.40 -850 -950 -900 -800 -950
Current Account to GDP (% of GDP) -3.70 -1.5 -1.5 -1.5 -1.5 -1.5
Imports (USD Million) 3359.20 2850 2990 2990 2990 2990
Exports (USD Million) 5010.20 6380 6510 6510 6510 6510
External Debt (USD Million) 164113.00 151821 151011 151011 151011 147772
Gold Reserves (Tonnes) 385.94 349 349 349 349 349
Crude Oil Production (BBL/D/1K) 1772.85 1920 1970 1970 1970 1970
Foreign Direct Investment (USD Million) 4441.73 4300 4300 4300 4300 4300

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 23.40 25.5 25.5 25.5 25.5 26
Government Budget (% of GDP) -4.00 -4.5 -4.5 -4.5 -4.5 -4
Government Budget Value (KZT Million) -1944453.39 11830879 11824003 11824003 11824003 11824003
Government Spending (KZT Million) 2132967.80 4422040 4046813 2196957 2218287 9689444
Government Debt (USD Thousand) 24089209.00 19120000 19120000 19120000 19120000 19120000
Military Expenditure (USD Million) 1752.00 1500 1500 1500 1500 1500

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 9.50 9.5 9.5 9.5 9.5 9.5
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 7.00 3 5 5 4 7
Industrial Production (%) 1.90 4.5 4.5 2.5 -3.5 4
Industrial Production Mom (%) 0.50 0.6 0.6 0.6 0.6 0.6
Manufacturing Production (%) 4.70 4.5 4.5 4.5 4.5 4.5
Changes in Inventories (KZT Million) 503455.00 2700000 2700000 2700000 2700000 2700000
Leading Economic Index (%) 4.70 4.5 5 5 5 5
Manufacturing PMI (points) 49.20 55 51 51 51 50
Mining Production (%) -2.20 3.8 3.8 3.8 3.8 3.8
Services PMI (points) 51.40 51 50 50 50 50
Composite PMI (points) 50.70 51 49 49 49 50
Car Registrations 3843826.00 3634335 3866942 3866942 3866942 3877084
Copper Production (Tonnes) 22797.00 32200 32200 32200 32200 32200

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 97.00 82 83 83 83 83
Retail Sales Mom (%) 15.10 15 15 15 15 5
Retail Sales Yoy (%) 0.80 4.5 3 3 3 5
Consumer Spending (KZT Million) 8065548.60 23025728 21583186 8307515 8388171 39415768
Consumer Credit (KZT Million) 8864736.00 7289147 5907527 7965721 8894539 8100673
Gasoline Prices (USD/Liter) 0.44 0.42 0.4 0.38 0.36 0.34

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 113.60 106 106 106 106 106
Construction Output (%) 10.80 8.5 5.5 5.5 5.5 5.5


This page has economic forecasts for Kazakhstan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kazakhstan economy.