Markets Actual Q2 Q3 Q4 Q1 2022
Currency 431.89 434 435 437 438 442
Stock Market (points) 3227.52 3177 3119 3063 3007 2896

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.60 2.5 3.5 3 2.8 4.5
Unemployment Rate (%) 4.90 6 5.9 5.5 5.4 5.1
Inflation Rate (%) 7.00 6.2 7.1 6 5.5 5
Interest Rate (%) 9.00 9 9 9 9 9
Balance of Trade (USD Million) 1170.60 3380 3530 3380 3380 3380
Current Account (USD Million) -1728.70 1150 1500 950 2500 950
Current Account to GDP (%) -4.00 -5.5 -5.5 -5.5 -5.5 -3.5
Government Debt to 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) 6.00 3 3 5 5 7
Consumer Confidence (points) 79.00 82 82 83 83 83
Retail Sales Mom (%) 2.10 2.5 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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -1.60 2.5 3.5 3 2.8 4.5
GDP (USD Billion) 180.16 166 166 166 166 177
GDP Constant Prices (KZT Billion) 70134.10 29110 46390 72238 72098 75489
Gross Fixed Capital Formation (KZT Billion) 11096.00 6034 11484 11429 11407 11943
GDP per capita (USD) 11518.40 11500 11500 11500 11500 11600
GDP per capita PPP (USD) 26351.40 25700 25700 25700 25700 26400
Gross National Product (KZT Million) 69532626.50 71270942 71966268 71618605 71479540 74841443
GDP From Agriculture (KZT Million) 1523635.10 478528 1576962 1569344 1566297 1639965
GDP From Construction (KZT Million) 1238343.10 962646 1281685 1275493 1273017 1332891
GDP From Manufacturing (KZT Million) 2134496.90 1845834 2209204 2198532 2194263 2297466
GDP From Mining (KZT Million) 2035926.40 2165600 2107184 2097004 2092932 2191369
GDP From Public Administration (KZT Million) 314985.00 337387 326009 324435 323805 339034
GDP From Services ( KZT Million) 9073439.90 7195256 9391010 9345643 9327496 9766197
GDP From Transport (KZT Million) 967068.80 929564 1000916 996081 994147 1040905
GDP From Utilities (KZT Million) 330452.60 284837 342018 340366 339705 355683

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.90 6 5.9 5.5 5.4 5.1
Unemployed Persons (Thousand ) 453.00 445 445 445 445 446
Long Term Unemployment Rate (%) 2.20 1.9 2.2 1.7 1.7 1.7
Wages (KZT/Month) 223213.00 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 59 58 58 58
Wages In Manufacturing (KZT/Month) 261410.00 200000 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.60 4.1 4.1 4.1 4.1 4.1

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 7.00 6.2 7.1 6 5.5 5
Consumer Price Index CPI (points) 867.30 863 876 869 902 948
Core Inflation Rate (%) 7.01 4.5 5.8 5.8 5.8 5.3
Producer Prices (points) 1268.60 1147 1083 1557 1135 1169
CPI Transportation (points) 102.70 112 111 121 110 116
Food Inflation (%) 10.70 8.5 6.5 5 5 5
GDP Deflator (points) 103.60 115 114 115 110 115
Inflation Rate Mom (%) 0.60 0.5 0.5 0.5 0.5 0.5
Producer Prices Change (%) 12.30 15 6.5 3 2.5 3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 9.00 9 9 9 9 9
Interbank Rate (%) 10.50 10.5 10.5 10.5 10.5 10.5
Money Supply M2 (KZT Million) 19513171.00 17599000 17599000 17599000 17599000 17599000
Banks Balance Sheet (KZT Thousand) 31298903354.00 27523359798 27523359798 28371399216 28371399216 29502118441
Foreign Exchange Reserves (USD Million) 33541.00 35100 35100 35100 35100 35100
Central Bank Balance Sheet (KZT Million) 10417374.00 8996439 8996439 9459617 9459617 10077189

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 1170.60 3380 3530 3380 3380 3380
Current Account (USD Million) -1728.70 1150 1500 950 2500 950
Current Account to GDP (%) -4.00 -5.5 -5.5 -5.5 -5.5 -3.5
Imports (USD Million) 2646.30 2850 2850 2990 2990 2990
Exports (USD Million) 3816.90 6380 6380 6510 6510 6510
External Debt (USD Million) 163361.00 152631 151821 151011 151011 147772
Gold Reserves (Tonnes) 387.86 349 349 349 349 349
Crude Oil Production (BBL/D/1K) 1729.00 1920 1920 1970 1970 1970
Foreign Direct Investment (USD Million) 4445.80 4300 4300 4300 4300 4300

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to 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) -770106.60 11830879 11830879 11824003 11824003 11824003
Government Spending (KZT Million) 4272502.40 4283599 4422040 4400677 4392132 4598708
Government Debt (USD Thousand) 21438426.00 19120000 19120000 19120000 19120000 19120000
Military Expenditure (USD Million) 1863.00 1500 1500 1500 1500 1500

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 6.00 3 3 5 5 7
Industrial Production (%) 4.00 6.5 4.5 4.5 2.5 4
Industrial Production Mom (%) 2.90 0.6 0.6 0.6 0.6 0.6
Manufacturing Production (%) 9.10 4.5 4.5 4.5 4.5 4.5
Changes in Inventories (KZT Million) 2469807.00 2700000 2700000 2700000 2700000 2700000
Composite PMI (points) 50.80 49 51 49 49 50
Car Registrations 3853300.00 3634335 3634335 3866942 3866942 3877084
Copper Production (Tonnes) 40986.00 32200 32200 32200 32200 32200
Leading Economic Index (%) -1.80 5.5 4.5 5 5 5
Manufacturing PMI (points) 48.50 53 55 51 51 50
Mining Production (%) -6.80 3.8 3.8 3.8 3.8 3.8
Services PMI (points) 52.20 49 48 49 49 50
Steel Production (Thousand Tonnes) 355.00 450 450 450 450 450

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 79.00 82 82 83 83 83
Retail Sales Mom (%) 2.10 2.5 15 15 15 5
Retail Sales Yoy (%) 2.20 7 4.5 3 3 5
Consumer Spending (KZT Million) 22247080.20 13722291 23025728 22914493 22869998 23945645
Consumer Credit (KZT Million) 7565939.00 6955786 7289147 7751840 7777785 8100673
Gasoline Prices (USD/Liter) 0.41 0.38 0.36 0.41 0.33 0.31

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 108.40 106 106 106 106 106
Construction Output (%) 7.00 8.5 8.5 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.