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 is stepping up its investment activity and gradually reclaiming its position as one of the region’s leading economic centres.
Kazakhstan has announced a new phase in construction plans for its first nuclear power plant. The power plant is expected to be operational by 2035.
Chinese Foreign Minister Wang Yi met with Kazakhstan’s Foreign Minister Yermek Kosherbayev in Beijing on Tuesday, reaffirming China’s commitment to deepening strategic ties and advancing Belt and Road cooperation.
Kazakhstan's Minister of Foreign Affairs Yermek Kosherbayev met with his Chinese counterpart Foreign Minister Wang Yi in Beijing where the duo held all important bilateral talks.
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