Kazakhstan’s economy maintains moderate growth rate

Kazakhstan’s foreign trade turnover grew by more than a third to over US$98 billion. Kazakh Minister of National Economy Alibek Kuantyrov announced the main indicators of the country's socio-economic development in the January-October period of the current year at the Government’s meeting. According to him, exports rose by almost half and reached US$64 billion. Apart from that, Kuantyrov noted that the supply of processed goods to foreign markets increased by 37.5 percent, while the country’s trade surplus amounted to over US$29 billion.

“The attraction of domestic and foreign investment is a key driver of economic growth. Overall, the fixed-asset investment growth for the reporting period comprised 6.7 percent. At the same time, non-extractive industries account for a large share of investment. High indicators can be observed in real estate transactions, transport, warehousing, agriculture and production sector,” said Kazakh Prime Minister Alikhan Smailov.