Kazakhstan's Economy Grew 4.5 Percent in January-October 2026, Economy Ministry Says
Kazakhstan's Ministry of National Economy on November 10 released preliminary Bureau of National Statistics figures showing the economy grew by 4.5 percent in January through October 2026 compared with the same period a year earlier, up from 4.2 percent over nine months. The ministry estimated that the non-resource sector grew by 5.6 percent, providing the main contribution to growth, while manufacturing grew by 9.3 percent.
Minister of National Economy Serik Zhumangarin identified falling oil production, a stronger tenge and slower consumer lending as obstacles to growth in October. The GDP and sector estimates remain preliminary and may be revised by the Bureau of National Statistics, and no date was given for final figures.
President Kassym-Jomart Tokayev announced on October 28 that 2027 would be the Year of People's Construction, with infrastructure projects expected to receive 6.5 trillion tenge from the National Fund, released in instalments through 2029. Tokayev also addressed the 10th Congress of the Qazaq Tili International Society in Astana on November 10, calling for joint efforts to raise the status and prestige of the Kazakh language.
(Source: Kazakhstan Ministry of National Economy)
Source: Kazakhstan Ministry of National Economy
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