Kazakhstan's nominal GDP will grow to USD 426 billion by 2028.

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Almaty, October 22 (Xinhua) — Kazakhstan's nominal gross domestic product (GDP) will grow from 183.8 trillion tenge (about 341.2 billion U.S. dollars) in 2026 to 229.8 trillion tenge (about 426.7 billion dollars) in 2028, Kazinform news agency reported on Wednesday, citing Deputy Prime Minister and Minister of National Economy of Kazakhstan Serik Zhumangarin.

The main drivers of growth are reported to be the real sector and the service sector.

S. Zhumangarin also noted that, in accordance with the baseline forecast for socio-economic development in the country, real GDP growth in 2026 will be 5.4 percent, and average annual growth over 3 years will be 5.3 percent.

Exports are projected to reach $77.1 billion in 2026, rising to $83.7 billion in 2028, while imports are expected to increase from $67.7 billion to $75.2 billion.

In the manufacturing industry, growth rates are projected to increase from 6.2 percent in 2026 to 6.6 percent in 2028 due to the implementation of investment projects.

Average annual growth over the three-year period is expected to be 2.8 percent in mining, 3.9 percent in agriculture, 11 percent in construction, 10.1 percent in transport, and 6.7 percent in trade. –0–

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