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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Central Asia is among the most climate-vulnerable regions globally, relying heavily on shrinking glaciers for water. Rising temperatures threaten future supplies, while droughts, heatwaves and land degradation increasingly affect agriculture and stability.
Kazakhstan has ratified a regional green energy agreement with Azerbaijan and Uzbekistan, signalling Central Asia’s ambition to become a key supplier of renewable energy to international markets.
Kazakhstan, Kyrgyzstan and Uzbekistan are advancing one of Central Asia’s largest joint energy projects: the construction of the Kambarata HPP-1 hydropower plant on the Naryn River in Kyrgyzstan, with a planned capacity of nearly 2,000 megawatts.
Central Asian leaders have warned that worsening water shortages now pose a direct threat to regional stability, urging coordinated action and stronger international engagement.
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