Markets Actual Q4 Q1 Q2 Q3 2021
Currency 423.47 425 426 428 429 432
Stock Market (points) 2622.40 2558 2512 2467 2422 2332

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.80 -2.3 3.5 3.7 3.7 3.8
Unemployment Rate (%) 5.00 5 5 5 5 5
Inflation Rate (%) 7.30 8 7.5 7 6.5 6
Interest Rate (%) 9.00 9 9 9 9 9
Balance of Trade (USD Million) -142.70 3380 3530 3530 3530 3380
Current Account (USD Million) -5500.10 1140 1140 1140 1140 950
Current Account to GDP (%) -3.60 -6.5 -6.5 -5.5 -5.5 -5.5
Government Debt to GDP (%) 19.90 25 25.5 25.5 25.5 25.5
Government Budget (% of GDP) -1.80 -3 -4.5 -4.5 -4.5 -4.5
Business Confidence (points) 5.00 2 3 3 3 5
Consumer Confidence (points) 83.00 79 82 82 82 83
Retail Sales Mom (%) -13.30 -25 5.5 2.5 15 15
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.80 -2.3 3.5 3.7 3.7 3.8
GDP (USD Billion) 180.16 164 166 166 166 166
GDP Constant Prices (KZT Billion) 44821.56 63094 67061 14806 28763 65492
Gross Fixed Capital Formation (KZT Billion) 5887.00 8246 15642 2747 2752 8559
GDP per capita (USD) 11518.40 11250 11500 11500 11500 11500
GDP per capita PPP (USD) 26351.40 24800 25700 25700 25700 25700
Gross National Product (KZT Million) 59613707.50 55775569 58242592 61700187 61819415 57895041
GDP From Agriculture (KZT Million) 466856.20 1781536 3021292 3200652 3206837 1849235
GDP From Construction (KZT Million) 939167.10 2289228 3691500 3910647 3918204 2376218
GDP From Manufacturing (KZT Million) 5164537.70 4993765 5045753 5345297 5355626 5183528
GDP From Mining (KZT Million) 6944960.40 6712520 6785226 7188034 7201924 6967596
GDP From Public Administration (KZT Million) 329158.30 942200 790560 837492 839110 978004
GDP From Services ( KZT Million) 23425450.70 22928148 22886665 24245341 24292192 23799418
GDP From Transport (KZT Million) 906892.10 3234755 3335649 3533671 3540500 3357675
GDP From Utilities (KZT Million) 708187.00 865770 691899 732974 734390 898670

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 5.00 5 5 5 5 5
Unemployed Persons (Thousand ) 454.80 445 445 445 445 445
Long Term Unemployment Rate (%) 2.10 1.9 2.2 1.7 1.7 1.7
Wages (KZT/Month) 209818.00 174000 174000 174000 174000 174000
Minimum Wages (KZT/Month) 42500.00 42500 44000 44000 44000 44000
Population (Million) 18.63 18.64 18.88 18.88 18.88 18.88
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 59.00 58 59 59 59 58
Wages In Manufacturing (KZT/Month) 231880.00 200000 200000 200000 200000 200000
Youth Unemployment Rate (%) 3.90 4.1 4.1 4.1 4.1 4.1

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 7.30 8 7.5 7 6.5 6
Consumer Price Index CPI (points) 836.10 830 856 871 883 869
Core Inflation Rate (%) 6.89 6 5.5 4.5 5.8 5.3
Producer Prices (points) 1072.90 1190 1192 1121 1184 1238
GDP Deflator (points) 6.40 113 6.91 6.88 6.85 7.33
Food Inflation (%) 10.70 4 4.5 4.5 4.5 5
CPI Transportation (points) 104.20 116 109 113 112 121
Inflation Rate Mom (%) 0.90 0.5 0.5 0.5 0.5 0.5
Producer Prices Change (%) -6.00 3.5 5.5 19 8 4

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 9.00 9 9 9 9 9
Interbank Rate (%) 10.50 10.5 10.5 10.5 10.5 10.5
Money Supply M2 (KZT Million) 18792360.00 17599000 17599000 17599000 17599000 17599000
Foreign Exchange Reserves (USD Million) 33581.00 35100 35100 35100 35100 35100
Banks Balance Sheet (KZT Thousand) 30215954522.00 27240679991 27523359798 27523359798 27523359798 28371399216
Central Bank Balance Sheet (KZT Million) 10520642.00 8842046 8996439 8996439 8996439 9459617

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -142.70 3380 3530 3530 3530 3380
Current Account (USD Million) -5500.10 1140 1140 1140 1140 950
Current Account to GDP (%) -3.60 -6.5 -6.5 -5.5 -5.5 -5.5
Imports (USD Million) 3706.20 2850 2850 2850 2850 2990
Exports (USD Million) 3563.50 6380 6380 6380 6380 6510
External Debt (USD Million) 159813.00 154251 153441 152631 151821 151011
Gold Reserves (Tonnes) 383.33 349 349 349 349 349
Crude Oil Production (BBL/D/1K) 1638.00 1920 1920 1920 1920 1970
Foreign Direct Investment (USD Million) 4497.51 4300 4300 4300 4300 4300

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 19.90 25 25.5 25.5 25.5 25.5
Government Budget (% of GDP) -1.80 -3 -4.5 -4.5 -4.5 -4.5
Government Budget Value (KZT Million) -1901413.88 11830879 11830879 11830879 11830879 11824003
Government Spending (KZT Million) 4272502.40 3898664 6203786 1905609 1909291 4046813
Government Debt (USD Thousand) 20729146.00 19120000 19120000 19120000 19120000 19120000
Military Expenditure (USD Million) 1607.00 1500 1500 1500 1500 1500

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 9.50 9.5 9.5 9.5 9.5 9.5
Social Security Rate For Companies (%) 9.50 9.5 9.5 9.5 9.5 9.5

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 5.00 2 3 3 3 5
Industrial Production (%) -6.20 -2.5 5.5 6.5 4.5 4
Industrial Production Mom (%) 2.70 0.6 0.6 0.6 0.6 0.6
Manufacturing Production (%) 1.90 4.5 4.5 4.5 4.5 4.5
Changes in Inventories (KZT Million) 1000560.00 2700000 2700000 2700000 2700000 2700000
Leading Economic Index (%) -5.10 1.5 2.5 5.5 4.5 5
Composite PMI (points) 49.70 46 47 49 51 49
Car Registrations 3892300.00 3656800 3634335 3634335 3634335 3866942
Copper Production (Tonnes) 39695.00 32200 32200 32200 32200 32200
Services PMI (points) 49.60 46 48 48 48 49
Steel Production (Thousand Tonnes) 340.00 450 450 450 450 450
Mining Production (%) -11.00 3.8 3.8 3.8 3.8 3.8
Manufacturing PMI (points) 48.80 51 49 53 55 51

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 83.00 79 82 82 82 83
Retail Sales Mom (%) -13.30 -25 5.5 2.5 15 15
Retail Sales Yoy (%) 4.50 6 7.5 5 3.5 3
Consumer Spending (KZT Million) 13387600.80 20793050 34560686 7454941 7469347 21583186
Consumer Credit (KZT Million) 7157677.00 5691260 6508117 7109284 7037220 5907527
Gasoline Prices (USD/Liter) 0.40 0.43 0.39 0.37 0.35 0.41

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 105.50 106 106 106 106 106
Construction Output (%) 22.50 5.5 8.5 8.5 8.5 5.5


This page has economic forecasts for Kazakhstan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kazakhstan economy.