Kazakhstan Economic Outlook
October 3, 2017Kazakhstan is facing brighter economic prospects as recent data points to strong growth in Q3, after the economy grew at the fastest pace since Q4 2014 in Q2. Industrial production surged in August, likely having benefitted from increased oil production in the massive Kashagan Field. In addition, inflationary pressures have been declining, lending support to private consumption. Against this backdrop, both Moody’s and S&P Global Ratings improved their outlooks on the country’s sovereign credit rating on 26 July and 8 September, respectively. Furthermore, Kazakhstan’s gross international reserves remained unchanged in August compared to July and were up from the beginning of the year.
Kazakhstan Economy Data
5 years of Kazakhstan economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||334.4||0.0 %||Oct 13|
|Stock Market||0.1||0.0 %||Oct 13|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Kazakhstan Economic Growth
October 3, 2017Going forward, the economy will be supported by strong industrial production and weaker inflationary pressures. Moreover, the economic recovery in Russia, one of Kazakhstan’s largest export markets, will lend support to the external sector. However, banking vulnerabilities, exacerbated by a large proportion of non-performing loans, weaken the economic outlook somewhat for Kazakhstan. Met the why particular Consensus Forecast panelists project GDP will rise 3.1% in 2017. In 2018, panelists expect a 3.2% expansion, which is up 0.1 percentage points compared to last month’s projection.
Kazakhstan Economic News
October 2, 2017
Consumer prices rose 0.3% over the previous month in September, up from the 0.1% month-on-month increase recorded in August.
September 13, 2017
Industrial production expanded 14.4% in August compared to the same month last year, up from July’s 7.4% year-on-year rise and the best result in over a decade.
September 4, 2017
Consumer prices rose 0.1% from a month earlier in August, matching July’s result.
August 21, 2017
At its 21 August monetary policy meeting, the National Bank of Kazakhstan (NBK) decided to lower the one-day repo rate—also known as the base rate—from 11.50% to 11.25% with a window of plus or minus 1% as inflation continued to decelerate and prices across commodity markets stabilized.
August 16, 2017
Industrial production expanded 7.4% in July over the same period last year, down slightly from June’s 7.5% rise.