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Positive dynamics of economic activity: GDP growth in Kazakhstan in the first quarter reached 3.8%


In the first quarter of 2019, the positive dynamics of economic activity remained. This is evidenced by the figures below:

Gross domestic product increased by 3.8%.

Annual inflation rate dropped to 4.8%.

Investment in fixed assets increased by 7%.

Industrial production increased by 3.2%.

Chemical production, production of building materials, mechanical engineering increased by 10%. Automobile production increased by 33%.

Construction increased by 8.9%.

Volume of transport and warehousing services increased by 4.4%.

Growth of agricultural production was 3.6%.

Foreign trade turnover for 2 months of 2019 increased by 7.5%, including exports � by 11.1%, imports � by 0.3%.

Domestic trade increased by 7.2%.

The sum of loans issued by second-tier banks for 2 months of 2019 amounted to 1.9 trillion tenge compared to the same period in 2018, this is 11% more.

Unemployment rate in the labor market fell to 4.8%.

Per capita income of the population in January-February 2019 increased in real terms by 9.4% compared with January-February 2018.

Source: The Prime Minister of Kazakhstan