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Kazakhstan's economy has reached pre-pandemic level - Prime Minister of the country

Asia / Business and Finance
Kazakhstan's economy has reached pre-pandemic level - Prime Minister of the country

The indicators of the economy of Kazakhstan have reached the pre-pandemic level and continue to demonstrate a confident recovery dynamics. Prime Minister Askar Mamin announced this on Tuesday.

“Following the results of eight months, GDP growth amounted to 3%,” A. Mamin said at a meeting of the government of Kazakhstan.

He noted that growth rates continue to increase: in the manufacturing industry by 5.8%, in trade - by 9.1%, communications - by 12.8%, as well as in construction - by 11.4%.

Among the sectors of the economy, information and communications, construction, trade, water supply, power supply, and manufacturing are showing high growth. There is also positive growth in agriculture.

In addition, there is a positive trend in transit container traffic in the amount of 712.1 thousand containers, an increase in 8 months amounted to 32%. The volume of cargo transported by all modes of transport reached 2.41 billion tons (97.3% of the same period last year).

At the same time, the coronavirus pandemic (COVID-19 /) has mainly hit the service market. In the first quarter, exports of services decreased by 21.2% (from USD 1.5 billion to USD 1.2 billion).

The share of e-commerce in total retail trade in the first half of this year was 12.2%, which is 2.5 percentage points higher than in 2020. The indicators of the development of domestic trade indicate that the business has adapted to the current conditions and is developing further.

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