Markets Actual Q1 Q2 Q3 Q4 2020
Currency 377.71 384 386 387 389 392
Stock Market (points) 2276.75 2343 2322 2302 2282 2242
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.30 3.6 3.5 3.2 3.6 3.6
Unemployment Rate (%) 4.80 5 5 5 5 5
Inflation Rate (%) 5.40 5.2 5.2 5 4.9 4.9
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.5
Balance of Trade (USD Million) 1286.90 3100 2700 2610 3380 3380
Current Account (USD Million) -2834.60 -300 -500 -460 1140 950
Current Account to GDP (%) -0.50 -1.7 -1.7 -1.7 -1.7 -1.9
Government Debt to GDP (%) 21.90 18 18 18 18 17
Government Budget (% of GDP) -1.40 -1.5 -1.5 -1.5 -1.5 -1
Business Confidence (points) 5.00 9 7 8 10 10
Consumer Confidence (points) 84.00 85 85 85 87 87
Retail Sales Mom (%) 1.00 1.8 1.8 1.65 2.9 2.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.30 3.6 3.5 3.2 3.6 3.6
GDP (USD Billion) 170.54 184 184 184 184 190
GDP Constant Prices (KZT Billion) 44139.40 13313 28020 44610 45728 47375
Gross Fixed Capital Formation (KZT Billion) 10275.00 2405 5748 5743 5887 6098
GDP per capita (USD) 11165.50 11638 11638 11638 11638 11874
GDP per capita PPP (USD) 24738.40 24563 24563 24563 24563 24563
Gross National Product (KZT Million) 59613707.50 60329072 60309399 60249786 61759801 63983154
GDP From Agriculture (KZT Million) 1885812.00 277876 6868347 1905934 1953701 2024034
GDP From Construction (KZT Million) 2430991.10 449394 1317240 2456930 2518507 2609173
GDP From Manufacturing (KZT Million) 3318029.40 1650999 3356751 3353433 3437478 3561228
GDP From Mining (KZT Million) 47837518.00 2151222 48395782 48347944 49559669 51343817
GDP From Public Administration (KZT Million) 525930.40 326751 532068 531542 544864 564479
GDP From Services ( KZT Million) 15006504.90 7400952 15181631 15166624 15546739 16106422
GDP From Transport (KZT Million) 22397386.00 1097747 22658763 22636366 23203692 24039025
GDP From Utilities (KZT Million) 4683750.00 310689 4738409 4733726 4852365 5027050
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.80 5 5 5 5 5
Unemployed Persons (Thousand ) 443.60 436 436 436 434 434
Long Term Unemployment Rate (%) 2.20 2.2 2.2 2.2 2.2 2.2
Wages (KZT/Month) 199151.00 168000 168000 168000 174000 174000
Minimum Wages (KZT/Monthly) 42500.00 44000 44000 44000 44000 45500
Population (Million) 18.16 18.64 18.64 18.64 18.64 18.88
Living Wage Family (KZT/Month) 128600.00 118000 118000 118000 120000 193900
Living Wage Individual (KZT/Month) 85600.00 86500 86500 86500 87000 87000
Wages High Skilled (KZT/Month) 137400.00 152000 152000 152000 156100 160000
Wages In Manufacturing (KZT/Month) 209170.00 188800 188800 188800 200000 200000
Wages Low Skilled (KZT/Month) 73200.00 73500 73500 73500 73700 75000
Youth Unemployment Rate (%) 3.80 4.3 4.3 4.3 4.1 4.1
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 58.00 58 58 58 58 58
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.40 5.2 5.2 5 4.9 4.9
Consumer Price Index CPI (points) 792.20 801 812 815 831 872
Core Inflation Rate (%) 5.88 5.9 5.9 5.9 5.3 5.3
Producer Prices (points) 1150.17 1167 1287 1241 1225 1274
Inflation Rate Mom (%) 0.70 0.5 0.4 0.6 0.5 0.5
GDP Deflator (points) 6.40 6.73 6.73 6.72 6.71 7.04
Food Inflation (%) 9.60 6.5 5 4.5 4 5
CPI Transportation (points) 100.60 107 107 107 106 111
Producer Prices Change (%) 1.40 1.5 9 9 6.5 4
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.5
Interbank Rate (%) 10.25 10.25 10.25 10.25 10.25 10.25
Money Supply M2 (KZT Million) 15275961.00 16496000 16496000 16496000 17599000 17599000
Foreign Exchange Reserves (USD Million) 29033.00 32400 32400 32400 35100 35100
Banks Balance Sheet (KZT Thousand) 26118294045.00 25200000000 25200000000 25200000000 24700000000 24700000000
Central Bank Balance Sheet (KZT Million) 7879416.00 7000000 7000000 7000000 8080000 8080000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 1286.90 3100 2700 2610 3380 3380
Current Account (USD Million) -2834.60 -300 -500 -460 1140 950
Current Account to GDP (%) -0.50 -1.7 -1.7 -1.7 -1.7 -1.9
Imports (USD Million) 3710.80 2940 2980 3080 2850 2990
Exports (USD Million) 4997.70 5240 5680 5690 6380 6510
External Debt (USD Million) 157750.00 168550 164186 163323 165774 165774
Gold Reserves (Tonnes) 377.48 343 343 343 349 349
Crude Oil Production (BBL/D/1K) 1796.00 1800 1870 1900 1920 1970
Foreign Direct Investment (USD Million) 6118.02 6100 6100 6100 4300 4300
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 21.90 18 18 18 18 17
Government Budget (% of GDP) -1.40 -1.5 -1.5 -1.5 -1.5 -1
Government Budget Value (KZT Million) -1126845.80 9798376 9798376 9798376 11830879 11824003
Government Spending (KZT Million) 4258344.80 1154335 2855317 2852495 2923986 3029249
Government Debt (USD Thousand) 18079072.00 19090000 19090000 19090000 19120000 19120000
Military Expenditure (USD Million) 1607.00 1500 1500 1500 1500 1500
Taxes Actual Q1 Q2 Q3 Q4 2020
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 (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 11.00 11 11 11 11 11
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) 5.00 9 7 8 10 10
Industrial Production (%) 6.40 5.5 1.9 0.7 5.7 5.7
Industrial Production Mom (%) 1.60 0.2 0.2 0.2 0.6 0.6
Manufacturing Production (%) 8.50 5.1 5.1 5.1 4.5 4.5
Changes in Inventories (KZT Million) 2073373.00 2620000 2620000 2620000 2700000 2700000
Leading Economic Index (%) 7.90 5.5 5.2 5.7 6.5 6.5
Car Registrations 3768700.00 3750000 3750000 3750000 3745000 3745000
Copper Production (Tonnes) 38808.00 30900 30900 30900 32200 32200
Mining Production (%) 3.60 5.1 5.1 5.1 3.8 3.8
Steel Production (Thousand Tonnes) 340.00 439 439 439 450 450
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 84.00 85 85 85 87 87
Retail Sales Mom (%) 1.00 1.8 1.8 1.65 2.9 2.9
Retail Sales Yoy (%) 7.30 6.2 6.2 6 6 6
Consumer Spending (KZT Million) 21758916.00 6473200 13766240 13752632 14097309 14604812
Consumer Credit (KZT Million) 6553581.00 5501537 5903536 6302875 6460841 6693431
Gasoline Prices (USD/Liter) 0.45 0.49 0.51 0.52 0.53 0.53
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 106.40 105 105 105 106 106
Construction Output (%) 20.50 1.3 1.3 1.3 10.1 10.1


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.