Kazakhstan GDP Growth Rate

The Gross Domestic Product (GDP) in Kazakhstan expanded 8.60 percent in the fourth quarter of 2009 over the previous quarter. GDP Growth Rate in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan. From 1994 until 2009, Kazakhstan GDP Growth Rate averaged 1.4 Percent reaching an all time high of 8.6 Percent in December of 2009 and a record low of -8.9 Percent in September of 1998. Kazakhstan is the largest economy in Central Asia and holds vast reserves of oil and other mining products. Shipments of petroleum, ferrous metals, copper, aluminum, zinc and uranium have been the engine of economic growth, accounting for more than 90 percent of total exports and for around 40 percent of GDP. Nevertheless, in recent years, Kazakhstan has been diversifying its industrial base towards new sectors such as transport, pharmaceutical, telecommunications, petrochemicals and food processing. This page provides - Kazakhstan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.60 2.10 8.60 -8.90 6.36 | 2014/06 1994 - 2009 Percent Quarterly

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Kazakhstan GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 202.00 2012-12-31 188.00 202.00 16.90 239.73 2014-06-30 USD Billion [+]
GDP Constant Prices 33521.00 2013-12-31 22319.00 33521.00 21.00 27196.32 2014-06-30 KZT Billion [+]
GDP Growth Rate 8.60 2009-12-31 2.10 8.60 -8.90 6.36 2014-06-30 Percent [+]
GDP Annual Growth Rate 2.90 2014-03-31 6.00 16.90 -11.10 4.13 2014-06-30 Percent [+]
Gross Fixed Capital Formation 4795.00 2013-09-30 2407.00 156524.50 385.00 2728.21 2014-06-30 KZT Billion [+]
GDP per capita 5190.70 2012-12-31 5014.82 5190.70 1950.59 5471.09 2014-06-30 USD [+]
GDP per capita PPP 11973.25 2012-12-31 11567.53 11973.25 4499.36 12558.20 2014-06-30 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Kazakhstan Balance of Trade at 4895.50 USD Million  
Kazakhstan recorded a trade surplus of 4895.50 USD Million in February of 2014. Balance of Trade in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
Kazakhstan Current Account at -66.70 USD Million  
Kazakhstan recorded a Current Account deficit of 66.70 USD Million in the fourth quarter of 2013. Current Account in Kazakhstan is reported by the The National Bank of Kazakhstan.
Kazakhstan Capital Flows at -769.70 USD Million  
Capital Flows in Kazakhstan increased to -769.70 USD Million in the fourth quarter of 2013 from -3708.70 USD Million in the third quarter of 2013. Capital Flows in Kazakhstan is reported by the The National Bank of Kazakhstan.
Kazakhstan Consumer Confidence at 17.00  
Consumer Confidence in Kazakhstan increased to 17 in December of 2013 from 16 in November of 2013. Consumer Confidence in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
Kazakhstan Consumer Price Index (CPI) at 101.00 Index Points  
Consumer Price Index (CPI) in Kazakhstan decreased to 101 Index Points in March of 2014 from 101.70 Index Points in February of 2014. Consumer Price Index (CPI) in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
Kazakhstan Core Inflation Rate at 6.06 Percent  
Core Inflation Rate in Kazakhstan increased 6.06 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Kazakhstan is reported by the The National Bank of Kazakhstan.
Kazakhstan Crude Oil Production at 1637.00 Thousands Barrels per Day  
Crude Oil Production in Kazakhstan increased to 1637 Thousands Barrels per Day in December of 2013 from 1634 Thousands Barrels per Day in November of 2013. Crude Oil Production in Kazakhstan is reported by the U.S. Energy Information Administration.
Kazakhstan Exports at 7828.20 USD Million  
Exports in Kazakhstan decreased to 7828.20 USD Million in February of 2014 from 7887.50 USD Million in January of 2014. Exports in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
Kazakhstan Imports at 2932.70 USD Million  
Imports in Kazakhstan increased to 2932.70 USD Million in February of 2014 from 2687.30 USD Million in January of 2014. Imports in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
Kazakhstan Industrial Production at -1.00 Percent  
Industrial Production in Kazakhstan decreased 1 percent in March of 2014 over the same month in the previous year. Industrial Production in Kazakhstan is reported by the Agency of Statistics of the Republic of Kazakhstan.
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