Kazakhstan’s Economy is Strengthening: Positive Figures from Deputy Minister of National Economy Askar Amrin

Speaking at a government meeting, Deputy Minister of National Economy Askar Amrin said, “The country’s economy grew by 4.9% between January and August this year. Growth in the production sector amounted to 4.4%, in the service sector – 4.8%. Positive dynamics are observed in the main sectors, with the highest growth in construction, trade, IT and communications.” Noting that while fixed capital investments increased by 12.2%, the volume of investments in transport and storage increased by 49%, in education by 31.9%, in trade by 30.1%, in agriculture by 20.7%, in mining by 5.7% and in industry by 8.5%, the Deputy Minister said that the best indicators across Kazakhstan were seen in Mangestau, Abay, Turkestan and Pavlodar provinces, and according to preliminary results, foreign trade turnover in January-July 2023 increased by 5.7% and amounted to 79.5 billion dollars. Exports amounted to $44.8 billion, of which exports of processed products amounted to $14.2 billion, imports amounted to $34.7 billion, and the trade surplus amounted to $10 billion.