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GDP growth observed in Kazakhstan

Business Materials 3 October 2019 15:28 (UTC +04:00)

Baku, Azerbaijan, October 3

By Nargiz Sadikhova – Trend:

Based on results of 1H2019 index of industrial production of Kazakhstan’s GDP amounted to 104,1 percent compared to the same period of last year, Trend reports with refernce to the data of Statistics Committee of Kazakhstan.

Country’s GDP in 1H2019 amounted to 27.908 trillion tenge compared to 24.857 trillion tenge in 1H2018.

Furthermore, some 38.1 percent of the GDP accounts for manufacturing of goods, 53.8 percent for service production and 8.1 percent accounts for net tax.

In turn, the largest part of the goods manufacturing accounts for industry (31 percent). It is followed by construction (4.7 percent) and agriculture, forestry and fisheries (2.4 percent).

GDP in market prices represents the end result of the production activities of resident producers.

Index of industrial production of GDP characterizes the change in the volume of production of goods and services in the economy for a certain period.

(1 USD = 388.87 KZT on October 3)

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Follow the author on twitter: @nargiz_sadikh

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