ASTANA, Kazakhstan, December 12. Kazakhstan's economic growth rate reached 4.9 percent from January through November 2023, said Minister of National Economy Alibek Kuantyrov at a government meeting, Trend reports.
Positive dynamics in the real sector amounted to 3.5 percent; in the service sector, they were 5.6 percent.
Among the industries, the greatest growth is demonstrated by construction (12.6 percent), trade (11.3 percent), information and communications (7.6 percent), as well as transport and warehousing (7.1 percent).
The growth rate of investment in fixed capital was 14.6 percent. The influx of investments increased in such areas as information and communications by 2.8 times, transport and warehousing by 58 percent, trade by 34 percent, education by 17 percent, agriculture by 11 percent, and industry by 8.5 percent, including the manufacturing industry by 4.6 percent.
In addition, as the minister noted, from January through October, foreign trade turnover increased by 2.6 percent and amounted to over $114 billion. Exports amounted to $65 billion, imports to $49 billion. The positive trade balance exceeded $15 billion.
In 2022, Kazakhstan's economy grew by 3.1 percent. Growth in the real sector was 3.2 percent, and in the services sector, it was 2.5 percent. The growth rate of investment in fixed assets amounted to 7.8 percent.
At the end of 2022, the gross inflow of foreign direct investment into Kazakhstan amounted to $28 billion, which is 17.7 percent more than the results of 2021 ($23.8 billion). This is a record figure over the past 10 years; in 2012, the volume of FDI reached $28.9 billion.
Kazakhstan’s foreign trade turnover in 2022 reached a historically high level of $134.4 billion. The trade surplus amounted to $34.3 billion, which is 82 percent better than in 2021 and four times more than in 2020.
Export volumes amounted to $84.4 billion. By 2021, foreign sales volumes had increased by 40 percent, and by 2020, they had increased by 78 percent. Import volumes to Kazakhstan reached $50 billion for the first time, updating the 2013 record ($48.8 billion).