ASTANA, Kazakhstan, April 16. Kazakhstan’s real gross domestic product (GDP) growth is projected to be 3.1 percent in 2024, Trend reports, citing the latest World Economic Outlook report issued by the International Monetary Fund (IMF).
Thus, the expected growth rate for 2024 remained unchanged from the previous January forecast.
At the same time, the IMF lowered its forecast for 2025. Thus, Kazakhstan’s GDP growth in 2025 is expected to be 5.6 percent, which is 0.1 percentage points less than the previous forecast.
Meanwhile, Kazakhstan's Ministry of National Economy expects GDP growth to be 5.3 percent in 2024 and 6 percent in 2025 and 2026.
Furthermore, 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 nine months of 2023, $19.7 billion of foreign direct investment was attracted.