Baku, Azerbaijan, July 3
Trend:
The contribution of non-resource sectors has provided for almost two-thirds of the growth of the economy of Kazakhstan, the Prime Minister Bakytzhan Sagintayev said, when speaking July 3 at the Kazakhstan Global Investment Roundtable (KGIR-2018), Kazakh media reported.
Sagintayev noted that, the economic growth amounted to four percent in 2017. At the same time, the contribution of non-resource sectors has provided for almost two-thirds of growth. This means that, Kazakhstan's economy is increasingly starting to rely on non-resource sectors.
Kazakhstan’s GDP growth was 3.9 percent for the five months of 2018. At the same time, inflation has continued to slow down - inflation has amounted to 2.4 percent since the beginning of the year , which is lower by 0.9 percent than the indicator for the same period of 2017. Annual inflation is fixed at the level of 6.2 percent (in respect to May 2017), which is the lowest value for the last three years.