Kazakhstan’s GDP grew 4.4% in 2024, driven by a 5.1% rise in non-oil sectors and a 10.2% surge in processed exports.
Kazakhstan’s export of processed goods grew by 10.2% to $23.3 billion between January and November 2024, thanks to measures supporting local producers and promoting advanced processing, Prime Minister Olzhas Bektenov said during a meeting with President Kassym-Jomart Tokayev on 17 December, as reported by Akorda.
At the same time, imports fell by 3.3%, while investments in fixed assets rose by 3.1%, with the most significant growth seen in non-oil industries.
Overall, the country’s GDP grew by 4.4% during this period. The non-oil sector was the main driver of this year’s economic growth, expanding by 5.1%.
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Kazakhstan will require major businesses to introduce five-year water-saving plans as authorities warn that worsening shortages could threaten not only the environment but also the country's economy.
For much of the post-Soviet era, Russia and Kazakhstan have maintained one of Eurasia’s most stable bilateral relationships. Deep economic ties, shared history and strategic geography continue to bind the two neighbours together, but Astana is increasingly pursuing a more independent path.
Kazakhstan has invited Cyprus to take an active role in the Trans-Caspian transport route, with President Kassym-Jomart Tokayev saying closer cooperation could link Kazakhstan’s land infrastructure with Cyprus’s maritime network and boost trade between Central Asia and the Mediterranean.
Kazakhstan has used a high-level visit by Hong Kong Chief Executive John Lee to promote itself as a gateway to Central Asia, offering investors access to industrial projects worth more than $100 billion and a growing regional market.
Armenian Prime Minister Nikol Pashinyan's Civil Contract party has won the Armenian elections, picking up nearly half the vote. With a majority in parliament, Pashinyan is set for a third term as Prime Minister. But an opposition politican has said he will challenge the election results.
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Barcelona is preparing to mark a historic milestone in the legacy of architect Antoni Gaudí as Pope Leo XIV visits the city this week to inaugurate the Tower of Jesus Christ at the Sagrada Família basilica, almost exactly 100 years after the visionary architect’s death.
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Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Türkiye, Azerbaijan and Georgia signed the Istanbul Declaration on Monday, reaffirming their commitment to stronger regional cooperation, connectivity and stability across the South Caucasus.
Uzbekistan and Russia have agreed to deepen cooperation in agriculture, energy and food security following high-level meetings held during the St Petersburg International Economic Forum (SPIEF) 2026.
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