Skip to Content

Construction, AIC, transport and manufacturing become drivers of economic growth in Kazakhstan

by December 20, 2016 Market

The Government is considering the results of social and economic development of Kazakhstan over 11 months of 2016 at a regular meeting chaired by the Prime Minister Bakytzhan Sagintayev.

Minister of National Economy Kuandyk Bishimbayev reported that economic growth has accelerated by 0.8% over January-November this year, that is 0.2% higher compared to January-October last year. The increase in producing goods amounted to 0.9%, services 0.6%, taxes on goods 2.4%, Kuandyk Bishimbayev said.

The main drives of economic growth are considered the construction, agriculture, transport and manufacturing.

The positive trends are marked in an industry, the main growth drivers of which are the outstripping growth rates in manufacturing, which are higher than in mining industry.

Source: Government of the Republic of Kazakhstan