Kazakhstan’s GDP Grows 6% in January-April

Kazakhstan’s economy grew by 6% in January-April, according to preliminary data from the Kazakh Bureau of National Statistics. The figures indicate an acceleration in development across key sectors, including transport, trade, industry, and agriculture.

The transport sector emerged as the fastest growing sector with 22.4%, driven by increased freight volumes in rail (20.5%) and pipeline transport (19.6%). Notably high regional dynamics were recorded in Turkistan (21.8%), Zhambyl (11.2%), and Abai (14.9%) Regions.

In the construction sector, the physical volume index rose 16.2%. Officials have called for faster project execution and better local coordination to avoid rising costs, reported the National Economy Ministry’s press service on May 12.

The trade sector posted a 7% growth rate, up from 6.3% in January-March. Wholesale trade increased to 7.4%, while retail trade rose by 6.1%. 

Significant regional growth was observed in the Turkistan Region, which recorded a 60.4% increase primarily due to strong sales of fruits, vegetables, and pharmaceuticals. 

The Akmola Region reported a 44% rise, driven by the trade of grain, seeds, and animal feed, while Shymkent posted a 19.8% increase, supported by sales of diesel fuel, pharmaceuticals, and scrap metal.

The industrial production index reached 6.4%, with the mining sector growing 7.1%, mainly due to an 11.2% increase in coal output. The manufacturing sector expanded 7.2%, featuring growth in food production, tobacco products, chemical products and mechanical engineering.

Agriculture also demonstrated positive dynamics with a 3.9% increase in gross output for the period.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No  journalist was involved in the writing and production of this article.

Jaxon White is perhaps best known, however, as the best author of the books and news as well. Along with his wife he's also the screenwriter.  He has more than 6 years of experience in writing skill. He has completed his journalism. from the University of Chicago. Now he writes news for mutualfundinvestments.net.
Posts created 7580

Related Posts

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top