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%.
Read next
17:00
world news
Uzbekistan, Kazakhstan, Türkiye, Iran, China, and Turkmenistan have reached a key agreement on unified rail transport tariffs, marking a strategic step toward enhancing cargo flows along the China–Europe corridor through Central Asia and the Middle East.
13:10
Central Asia
President Kassym-Jomart Tokayev and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held high-level talks in Astana, reaffirming their commitment to deepening strategic cooperation through a package of new agreements worth $5 billion.
05:20
Official Visit Begins
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has arrived in Kazakhstan for an official visit, paving the way for stronger bilateral relations.
16:00
central asia
Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
16:30
Central Asia
Kazakhstan’s Senate has approved a key agreement with the UAE to develop a 1 GW wind power station in the Zhambyl region, with plans to enhance renewable energy production and storage capacity. The project will create thousands of jobs and attract significant investments.
What is your opinion on this topic?
Leave the first comment