Kazakhstan’s Real GDP Growth Figures Released
Elements.envato.com
According to the Bureau of National Statistics, Kazakhstan's GDP grew by 3.2% in real terms in the first half of 2024 and amounted to $115.4 billion, Orda.kz reports.
This figure is lower than last year's growth period of 5.3%.
The sectors that showed the most significant growth were Arts, Entertainment and Leisure (+24.4%), Real Estate (+23.1%) and Energy (+19.5%). Public Administration and Defense (+15.4%) and Transportation and Warehousing (+15.2%) also contributed significantly.
The total GDP volume in the first half of 2024 reached 51.85 trillion tenge. The services sector, with a dominant share of 56.7% in the GDP structure, continues to play a crucial role, while the production of goods accounts for 36.2%.
Kazakhstan's economy has been steadily recovering over the past few years, demonstrating resilience after the 2020 recession triggered by the COVID-19 pandemic.
The national plan approved by the president revealed that the overly optimistic expectations for the GDP growth target have been reduced to 5.3%. The government previously claimed it would ensure six percent GDP growth in 2024.
Original Author: Artyom Volkov
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
