Markets Actual Q1 Q2 Q3 Q4 2020
Currency 376.86 381 382 384 385 388
Stock Market (points) 2322.02 2279 2258 2238 2218 2178
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.50 4.5 4.5 4.3 4.7 3.6
Unemployment Rate (%) 4.80 4.9 4.9 4.9 5 5
Inflation Rate (%) 5.60 5.2 5.2 5 4.9 4.9
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.5
Balance of Trade (USD Million) 1615.10 3100 2700 2610 3380 3380
Current Account (USD Million) -1278.80 -1300 -500 -460 1140 950
Current Account to GDP (%) -0.50 -1.7 -1.7 -1.7 -1.7 -1.9
Government Debt to GDP (%) 21.90 18 18 18 18 17
Government Budget (% of GDP) -1.40 -1.5 -1.5 -1.5 -1.5 -1
Business Confidence (points) 5.00 9 7 8 10 10
Consumer Confidence (points) 84.00 85 85 85 87 87
Retail Sales Mom (%) 1.00 1.8 1.8 1.65 2.9 2.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.50 4.5 4.5 4.3 4.7 3.6
GDP (USD Billion) 170.54 184 184 184 184 190
GDP Constant Prices (KZT Billion) 68639.48 13451 28320 45088 46214 47878
Gross Fixed Capital Formation (KZT Billion) 10275.00 2429 5810 10496 10758 11145
GDP per capita (USD) 11165.50 11638 11638 11638 11638 11874
GDP per capita PPP (USD) 24738.40 24563 24563 24563 24563 24563
Gross National Product (KZT Million) 59613707.50 60955016 60955016 60895402 62415552 64662512
GDP From Agriculture (KZT Million) 1885812.00 280759 6941873 1926357 1974445 2045525
GDP From Construction (KZT Million) 2430991.10 454057 1331341 2483257 2545248 2636877
GDP From Manufacturing (KZT Million) 3318029.40 1668129 3392685 3389367 3473977 3599040
GDP From Mining (KZT Million) 47837518.00 2173542 48913862 48866025 50085881 51888973
GDP From Public Administration (KZT Million) 525930.40 330141 537764 537238 550649 570472
GDP From Services ( KZT Million) 15006504.90 7477741 15344151 15329145 15711811 16277436
GDP From Transport (KZT Million) 22397386.00 1109137 22901327 22878930 23450063 24294265
GDP From Utilities (KZT Million) 4683750.00 313913 4789134 4784451 4903886 5080426
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.80 4.9 4.9 4.9 5 5
Unemployed Persons (Thousand ) 441.20 443 444 445 445 445
Long Term Unemployment Rate (%) 2.10 2.2 2.2 2.2 2.2 2.2
Wages (KZT/Month) 208585.00 168000 168000 168000 174000 174000
Minimum Wages (KZT/Monthly) 42500.00 44000 44000 44000 44000 45500
Population (Million) 18.63 18.64 18.64 18.64 18.64 18.88
Living Wage Family (KZT/Month) 128600.00 118000 118000 118000 120000 193900
Living Wage Individual (KZT/Month) 85600.00 86500 86500 86500 87000 87000
Wages High Skilled (KZT/Month) 137400.00 152000 152000 152000 156100 160000
Wages In Manufacturing (KZT/Month) 234375.00 188800 188800 188800 200000 200000
Wages Low Skilled (KZT/Month) 73200.00 73500 73500 73500 73700 75000
Youth Unemployment Rate (%) 3.80 4.3 4.3 4.3 4.1 4.1
Retirement Age Men 63.00 63 63 63 63 63
Retirement Age Women 58.00 58 58 58 58 58
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.60 5.2 5.2 5 4.9 4.9
Consumer Price Index CPI (points) 797.60 801 812 815 831 872
Core Inflation Rate (%) 6.03 5.9 5.9 5.9 5.3 5.3
Producer Prices (points) 1172.30 1167 1287 1241 1225 1274
Inflation Rate Mom (%) 0.70 0.5 0.4 0.6 0.5 0.5
GDP Deflator (points) 6.40 6.73 6.73 6.72 6.71 7.04
Food Inflation (%) 9.20 6.5 5 4.5 4 5
CPI Transportation (points) 102.90 107 107 107 106 111
Producer Prices Change (%) 4.60 1.5 9 9 6.5 4
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.25 9.25 9.25 9.25 9.25 9.5
Interbank Rate (%) 10.25 10.25 10.25 10.25 10.25 10.25
Money Supply M2 (KZT Million) 16054722.00 16496000 16496000 16496000 17599000 17599000
Foreign Exchange Reserves (USD Million) 29310.00 32400 32400 32400 35100 35100
Banks Balance Sheet (KZT Thousand) 26113749910.00 26392640573 26675320379 26958000185 27240679991 28371399216
Central Bank Balance Sheet (KZT Million) 8224474.00 8378867 8533260 8687653 8842046 9459617
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 1615.10 3100 2700 2610 3380 3380
Current Account (USD Million) -1278.80 -1300 -500 -460 1140 950
Current Account to GDP (%) -0.50 -1.7 -1.7 -1.7 -1.7 -1.9
Imports (USD Million) 3323.80 2940 2980 3080 2850 2990
Exports (USD Million) 4938.90 5240 5680 5690 6380 6510
External Debt (USD Million) 157750.00 168550 164186 163323 165774 165774
Gold Reserves (Tonnes) 377.48 343 343 343 349 349
Crude Oil Production (BBL/D/1K) 1872.00 1800 1870 1900 1920 1970
Foreign Direct Investment (USD Million) 6118.02 6100 6100 6100 4300 4300
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 21.90 18 18 18 18 17
Government Budget (% of GDP) -1.40 -1.5 -1.5 -1.5 -1.5 -1
Government Budget Value (KZT Million) -1296265.90 9798376 9798376 9798376 11830879 11824003
Government Spending (KZT Million) 4258344.80 1166312 2885884 4349899 4458487 4618993
Government Debt (USD Thousand) 18079072.00 19090000 19090000 19090000 19120000 19120000
Military Expenditure (USD Million) 1607.00 1500 1500 1500 1500 1500
Taxes Actual Q1 Q2 Q3 Q4 2020
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 (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 11.00 11 11 11 11 11
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) 5.00 9 7 8 10 10
Industrial Production (%) 4.10 5.5 1.9 0.7 5.7 5.7
Industrial Production Mom (%) -11.20 0.2 0.2 0.2 0.6 0.6
Manufacturing Production (%) 7.80 5.1 5.1 5.1 4.5 4.5
Changes in Inventories (KZT Million) 2073373.00 2620000 2620000 2620000 2700000 2700000
Leading Economic Index (%) 3.60 5.5 5.2 5.7 6.5 6.5
Car Registrations 3776900.00 3724193 3701729 3679264 3656800 3866942
Copper Production (Tonnes) 39615.00 30900 30900 30900 32200 32200
Mining Production (%) 2.80 5.1 5.1 5.1 3.8 3.8
Steel Production (Thousand Tonnes) 350.00 439 439 439 450 450
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 84.00 85 85 85 87 87
Retail Sales Mom (%) 1.00 1.8 1.8 1.65 2.9 2.9
Retail Sales Yoy (%) 4.40 6.2 6.2 6 6 6
Consumer Spending (KZT Million) 21758916.00 6540363 13913609 22226733 22781585 23601722
Consumer Credit (KZT Million) 6661328.00 5558618 5966733 6370414 6861599 7108617
Gasoline Prices (USD/Liter) 0.46 0.41 0.42 0.43 0.45 0.45
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 106.40 105 105 105 106 106
Construction Output (%) 17.70 10 15 20 5.5 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.