Kazakhstan’s economy has performed strongly over the past half decade. A rapid expansion in hydrocarbons production, supported by a prudent macroeconomic policy framework, has led to major economic and social gains.
Real GDP growth has averaged about 10 percent a year since 2000, with especially rapid expansion in construction and services.
…and there has been a marked improvement in poverty indicators.
Rising oil revenues have led to widening fiscal surpluses and lower public debt, implying significant room to further expand spending to meet social and infrastructure needs.
Sources: The National Bank of Kazakhstan and the Agency of Statistics of the Republic of Kazakhstan.
1The Gini index is a measure of inequality, with 0 representing perfect equality and 100 representing complete inequality.