Kazakhstan sees GDP growth at 4 percent
Kazakhstan's Gross Domestic Product grew by 4 percent in
January-September 2014, Head of the Statistics Committee under
Economy Ministry Alikhan Smailov said.
The forecast is based on the short-term economic indicators,
namely, on the six main industries and according to forecast
estimates in other sectors of the economy.
"There is no decline in GDP volume; however there is some slowdown
in growth," Smailov said at a briefing in Astana. "We see some
reduction in the industry due to the crisis developments related to
the sanctions in Russia, a decline in demand for exports products
imported from Kazakhstan," he said. "There's also a lag in oil
production, but it is planned to reach last year's volume by the
end of this year."
Earlier Kazakhstan's real GDP growth was forecast at 5.0 percent in
2015, 5.6 percent in 2016, 6.8 percent in 2017, 5.8 percent in 2018
and 6.5 percent in 2019.
Kazakhstan's GDP per capita in 2015 was forecast to exceed $13,900,
and grow up to $21,400 in 2019.
Yet the Kazakh government decided to revise the GDP growth
forecasts for 2015-2017, National Economy Minister Erbolat Dossaev
said previously.
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