ASTANA, Kazakhstan, February 17. The National Bank of Kazakhstan has conducted a macroeconomic survey among professional market participants, research institutions, international organizations, and rating agencies, Trend reports.
According to the survey results, respondents expect the Kazakhstan economy to grow by 4.5 percent at the end of 2024.
At the same time, respondents believe that economic growth will accelerate by 2025 and will be 5 percent at the end of the year.
In addition, growth is projected to decline to 4.5 percent in 2026.
Meanwhile, Kazakhstan's economic growth amounted to 5.1 percent in 2023. Last year the volume of investments in fixed capital increased by 13.7 percent and amounted to $39.5 billion, while over the first 9 months of 2023, $19.7 billion of foreign direct investment was attracted.
At the same time, the number of people employed in small and medium-sized businesses increased by 14 percent (by 500,000 people) to 4.3 million.
Due to joint measures of the government, the National Bank and regional akims (heads of regional executive power), the inflation rate was reduced by half to 9.8 percent.
In addition, the volume of foreign trade turnover of Kazakhstan amounted to $139.8 billion from January through December 2023. This is 3.2 percent higher than in the same period in 2022.
Exports totaled $78.6 billion (in nominal terms, 7 percent less than the same time in 2022). At the same time, imports grew by 20.1 percent, totaling $61.1 billion.