ASTANA, Kazakhstan, August 29. Kazakhstan's real GDP growth in 2024 is projected at 5.3 percent, followed by an increase to 6 percent in 2028, Alibek Kuantyrov, Minister of National Economy of the country, said, Trend reports.
According to the minister, nominal GDP, in turn, is expected to grow from 135 trillion tenge ($291.4 billion) in 2024 to 218.5 trillion tenge ($471.7 billion) in 2028.
In general, as Kuantyrov noted, growth is expected in all basic sectors of the economy, such as industry (4 percent), agriculture (4.5 percent), construction (8,8 percent), and trade (7.4 percent).
He pointed out that the forecast was formed taking into account the expectations of international financial organizations for the growth of the world economy and the conjuncture in foreign markets. Depending on changes in external parameters, three scenarios of development are considered. In the baseline scenario, it is proposed to budget the average oil price at $80 per barrel.
In 2022, Kazakhstan's GDP, according to final data, grew by 3.3 percent. According to the results of January-June 2023, the country's GDP growth amounted to 5 percent.