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Kazakhstan's GDP increases by 5.5 percent in January-August

Business Materials 13 September 2013 18:00 (UTC +04:00)

Azerbaijan, Baku, Sep. 13 / Trend E. Kosolapova/

Kazakhstan's GDP increased by 5.5 percent in January-August 2013, Kazakh Statistics Agency's chairman Alikhan Smailov said at a briefing on Friday, Novosti-Kazakhstan reported.

According to Smailov, the Economy and Budget Planning Ministry planned GDP growth at 6 percent in 2013.

"We believe this aim is absolutely realistic," he said.

Earlier, the Kazakh Economy and Budget Planning Ministry forecasted annual GDP growth at 6-7.1 percent in 2014-2018. The international rating agency Standard & Poor's forecasted that the Kazakh economy would grow by 5.7 percent annually in average in 2013-2016.

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