GDP growth in Kazakhstan makes up 7.5 percent in 11 months

Business Materials 12 December 2011 12:28 (UTC +04:00)

Azerbaijan, Baku, Dec. 12 / Trend E. Kosolapova/

The GDP growth in Kazakhstan made up 7.5 percent in January to November, Kazakh Prime Minister Karim Massimov wrote on his twitter page on Monday.

"The GDP growth reached 7.5 percent over 11 months," Massimov wrote.

In April Kazakh President Nursultan Nazarbayev ordered the Government to bring the level of GDP per capita to $15,000 by 2016. To reach this level, Kazakhstan's economy should rise at least by 7 percent per year.

The GDP growth in Kazakhstan reached 6.5 percent in the first quarter of 2011, 7.1 percent in the first half of this year, 7 percent in January to September and 7.2 percent in ten months.

In accordance with the forecast of the Ministry of Economic Development and Trade of Kazakhstan, the real GDP growth is predicted at 7 percent in 2011. GDP growth is expected at 6.9 percent in 2012, at 6.5 percent in 2013, at 7.1 percent in 2014, at 7.4 percent in 2015. Thus, according to the forecast, GDP growth in Kazakhstan is expected to total 7 percent in 2011-2015.