Kazakhstan's economic growth remains stable in seven months, despite external challenges
11.08.2026 09:15:34 231
According to preliminary data from the BNS, in January-July 2026, GDP growth consolidated and amounted to 4.1%, which is at the level of the first half of the year.
The positive dynamics, expressed in the sustainability of growth, was achieved despite an 8.9% decrease in oil production (53.2 million tons) and the volatility of global markets.
Economic growth was supported by the non-resource sector, which, according to the Ministry of National Economy, grew by 5.4% in the first seven months of this year.
The key segment of the economy, manufacturing, showed a high growth rate of 9.0%. At the same time, mechanical engineering (22%), food production (13.9%), chemical industry (26.9%), pharmaceuticals (38.5%), building materials (9.4%), and finished metal products (35%) became the leaders in terms of processing growth. Significant growth was also achieved in construction (15.3%), transport and warehousing (7.4%), trade (5.9%), agriculture (5%), communications (4.3%).
It is worth noting that in previous years, the growth rate of the economy strongly depended on the dynamics of the commodity sector — the slowdown in oil production held back GDP growth, and the acceleration, respectively, gave a strong impetus to growth. Due to the gradual diversification of the economy, including strengthening industrial potential, strengthening the role of development institutions, developing transit, automobile and railway infrastructure, supporting domestic producers and SMEs, and increasing investments in non-resource areas, the role of the oil sector in the economy has significantly decreased in recent years (the share of oil production in the GDP structure decreased to 7.8% by the end of 2025).
https://www.gov.kz/memleket/entities/economy/press/news/details/1271953?lang=ru
