Kazakhstan GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

4.8

Units In

4.1

Frequency

Quarterly

Next Release

May 15, 2025

Time to Release

2 Months 25 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
14.1 Jun 2001	-9.2 Sep 1995	4.54 %	1995-2024	Agency of Statistics of the Republic of Kazakhstan

Kazakhstan is the largest economy in Central Asia. The services sector is the most important and accounts for 54 percent of total GDP. The biggest segments within services are: wholesale and retail trade and repairs of motor vehicles and motorcycles (15 percent of total GDP); transport, warehousing, information and communication (10 percent); real estate (9 percent) and professional, scientific, technical, administrative and support services (7 percent). Industry contributes 34 percent of the wealth; construction 7 percent and agriculture, forestry and fishing 5 percent.

Latest Updates

Kazakhstan’s GDP expanded by 4.8% for the entire year of 2024, slowing from a 5.1% growth in the previous year. Output of goods rose by 5.6%, driven by increases in agriculture, forestry and fishing (+13.7%), manufacturing (+5.9%),electricity, gas, steam & air conditioning supply (+4.5%) and construction (+13.1%). Meanwhile, services output grew 4.7%, led by higher activity in wholesale and retail trade, repair of motor vehicles and motorcycles (+9.1%), transportation & storage (+8.5%), and information & communication (+5%). The shares of production of goods and production of services in GDP in January to December 2024 were 35.3% and 58.3%, respectively.