Kazakhstan's gross domestic product shrank 1.6 percent from a year earlier in the January to March 2021 period, the slowest contraction since the onset of the pandemic and compared to the 2.7 percent growth in the same period of 2020. Transport and warehousing plunged 17.4 percent, and trade shrank 2.7 percent. On the other hand, industrial output edged higher 0.1 percent, construction surged 13.1 percent, and agriculture, forestry and fisheries rose 2.8 percent. source: Agency of Statistics of the Republic of Kazakhstan
GDP Annual Growth Rate in Kazakhstan averaged 4.61 percent from 1995 until 2021, reaching an all time high of 14.10 percent in the second quarter of 2001 and a record low of -9.20 percent in the third quarter of 1995. This page provides the latest reported value for - Kazakhstan GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kazakhstan GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
GDP Annual Growth Rate in Kazakhstan is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kazakhstan to stand at 2.80 in 12 months time. In the long-term, the Kazakhstan GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 5.50 percent in 2023, according to our econometric models.