Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

According to results for 7 months of 2020, production of goods increased by 2.1% — Ministry of National Economy 

Tuesday, 11 August 2020, 09:33:38

At the government session chaired by the Prime Minister Askar Mamin, Minister of National Economy Ruslan Dalenov reported on results of socio-economic development of Kazakhstan for January-July 2020. 

As Dalenov noted, in January-July 2020, the production of goods increased by 2.1%, while the production of services decreased by 6.2%. As a result, according to operational data, GDP fell by 2.9%. Annual inflation was 7.1%. This is below the expected inflation corridor (8-8.5%). 

According to the minister, the following positive trends were observed in the reporting period. 

“Growth continues in the real sector of the economy. First of all, in construction, manufacturing, agriculture. The positive trade balance is preserved against the background of import decrease,” Dalenov said. 

At the same time, there is a decrease in the volume of services due to quarantine restrictions, as well as a planned decrease in the rate of oil production, which has become a constraining factor in economic growth. 

In the manufacturing sector, there is an increase of 2.1%, including in construction — by 6.3%, manufacturing — by 3.8%, agriculture — by 2.5%. 

Meanwhile, in the service sector, there is a decrease in transactions with real estate by 4.3%, administrative services — by 5.3%, trade — by 11.9% and transport — by 15.6%. At the same time, communication services increased by 8.7%. 

At the same time, in July compared to June 2020, growth continued in a number of service industries. 

“Thus, over the month, financial and insurance activities increased by 29%, accommodation and catering services — by 10.2%, data transmission — by 6.7%, mobile communications — by 4.1%, Internet — by 2.9%. Cargo turnover also increased by 5.6%, including railway transport — by 5.5%, transportation by pipelines — by 2.9%,” the minister said. 

In January-June 2020, the foreign trade turnover amounted to $42.5 billion. Exports amounted to $26 billion, imports — $16.5 billion. The trade surplus remains at the level of $9.5 billion. 

Industrial production increased by 1.3%. including the manufacturing industry — by 3.8%. At the same time, the mining industry decreased by 0.4% as a result of the planned decrease in the rate of oil production. 

In terms of industry, growth is noted in most regions. The largest increase was shown by the North Kazakhstan and Kostanay regions, as well as the city of Nur-Sultan. The manufacturing industry is growing at a faster pace. The growth was 3.8%. High growth rates are demonstrated by pharmaceuticals, production of finished metal products, mechanical engineering, including the automotive industry, and light industry. In the context of regions, high growth is noted in Kostanay, Turkistan, North Kazakhstan regions. 

As Dalenov noted, during the reporting period, investments in the amount of 6.1 trillion tenge were attracted to fixed capital. 13 regions showed growth. The largest increase is noted in Akmola, North Kazakhstan, Turkistan regions and Shymkent. 

Construction increased by 6.3%. A high growth in construction work is noted in Shymkent and the Turkistan region. 7 million squared meters of housing were commissioned. This is 7.5% more than in the same period last year. 

As Dalenov noted, the general situation in the regional context by 7 economic indicators is as follows. 

In two indicators (trade and transport), there is a decrease due to quarantine measures. According to 5 indicators, growth is noted in 7 regions. These are Akmola, Almaty, East Kazakhstan, Zhambyl, Kostanay, Mangystau and North Kazakhstan regions. In 7 regions, growth was recorded only in 4 indicators. This is the average level. In 3 regions, growth is observed only in 3 indicators. These are Atyrau, West Kazakhstan and Kyzylorda regions. 

It was noted that, taking into account the measures taken to restore economic activity, central and local executive bodies need to focus on the following aspects. 

  1. Ensuring the timely and effective implementation of the Comprehensive Growth Recovery Plan for 2020. 
  2. Consideration of problematic issues of entrepreneurs at regional anti-crisis headquarters for the provision of possible support measures. 
  3. Ensuring timely harvest and efficient construction season. 
  4. Preventing price increases for socially significant foodstuffs through monitoring, interventions, setting threshold and ceiling prices. 
  5. Constant monitoring of the situation on regional labor markets and ensuring maximum employment in the implementation of projects of state programs.

News feed
29 September 2020, 10:54
Mechanical engineering, support for SMEs and industrial projects — how Kostanay region developed during pandemic
29 September 2020, 10:11
Government session to be held Sep. 30 in Ukimet Uyi
27 September 2020, 17:48
Prime Minister of Kazakhstan Askar Mamin and President of Tatarstan Rustam Minnikhanov launch three projects in automotive industry 
25 September 2020, 16:35
Reorientation to fish farming, improvement of legislation and measures of state support — how fish industry developed in Kazakhstan
24 September 2020, 17:38
Prime Minister Askar Mamin holds seminar on development of country's fishing industry in Shardara 
24 September 2020, 12:14
Arman Shakkaliyev relieved as chair of Committee for Technical Regulation and Metrology of Ministry of Trade and Integration
23 September 2020, 17:50
Baiterek Holding increases financial support of manufacturing sector by 17% 
23 September 2020, 14:43
Astana EXPO-2017 wind power station to reach full capacity of 100 MW by end of 2020
22 September 2020, 12:12
Harvesting in Kazakhstan completed by 93.4% — Ministry of Agriculture 
22 September 2020, 11:16
Sixty-five public organizations for protection of consumer rights operate in Kazakhstan — Ministry of Trade and Intergation
22 September 2020, 10:05
Head of Government gives several instructions to strengthen consumer protection 
22 September 2020, 10:02
Export potential of harvest in Kazakhstan to reach 7.5-8 million tons of grain in 2020
21 September 2020, 16:51
Government session to be held Sep. 22 in Ukimet Uyi 
21 September 2020, 12:54
Government considers issues of mass sports development 
18 September 2020, 18:26
Issues of preserving jobs and timely payment of wages discussed in Government of Kazakhstan
17 September 2020, 18:56
Prime Minister Askar Mamin meets with President of Turkmenistan Gurbanguly Berdimuhamedov
17 September 2020, 18:45
Government of Kazakhstan discusses issues of social protection of disabled people
16 September 2020, 18:09
Yerlan Kiyasov appointed Vice Minister of Healthcare - Chief State Sanitary Doctor of the Republic of Kazakhstan
15 September 2020, 12:26
Work underway in Kazakhstan to saturate domestic market with basic products for stabilizing prices — Ministry of Agriculture
15 September 2020, 10:27
Price increase for socially significant food products will not exceed 6% by the end of 2020 — Ministry of Trade and Integration
15 September 2020, 10:07
Prime Minister of Kazakhstan Askar Mamin instructs to ensure strict control over stability of prices for socially significant food products
15 September 2020, 09:44
Under Industrialization Map in Kazakhstan, 206 projects worth 1 trillion tenge to be introduced in 2020
15 September 2020, 09:29
For 8 months of 2020, 4.3 thousand new jobs created under Industrialization Map — Ministry of Industry and Infrastructure Development
14 September 2020, 22:47
Introduction of Industry 4.0 in Kazakhstan, or how smart factories worked during quarantine period and global pandemic
14 September 2020, 18:42
Interdepartmental Commission adopts decisions on work of businesses
14 September 2020, 14:02
Government session to be held Sep. 15 in Ukimet Uyi
14 September 2020, 10:51
Strategic directions for development of Eurasian Economic Integration until 2025 considered at session of EEC Council
11 September 2020, 13:07
Prime Minister Askar Mamin introduces Minister of Emergency Situations Yuri Ilyin
10 September 2020, 23:45
Distance learning, epidemiological situation, provision of villages with Internet — how educational process organized in Kazakhstan
10 September 2020, 13:12
Production of electronics industry of Kazakhstan to increase 8.5 times over 3 years
09 September 2020, 15:06
Roman Sklyar pays working visit to Atyrau region
09 September 2020, 11:59
Ministry of Healthcare on CVI: In Kazakhstan, there is a 6-fold decrease in bed occupancy
09 September 2020, 11:31
Food production for 8 months of 2020 increased by 3.6% — Ministry of Agriculture
09 September 2020, 11:21
Market of Kazakhstan fully provided with petroleum products of domestic production — Nogayev 
09 September 2020, 11:19
In Kazakhstan, total volume of container transit traffic increased by 37% — Ministry of Industry and Infrastructure Development
09 September 2020, 11:02
Measures taken stabilized epidemiological situation in the country — Prime Minister of Kazakhstan Askar Mamin 
09 September 2020, 10:54
Following results of 8 months of this year, positive dynamics remains in basic sectors of economy
09 September 2020, 10:53
Government adopts National Plan for Implementation of Address of the Head of State to People of Kazakhstan
09 September 2020, 10:25
604 loans issued under Economy of Simple Things Program — National Bank
09 September 2020, 10:20
Following results for 8 months of 2020, state budget received 5.5 trillion tenge of revenues — Ministry of Finance
09 September 2020, 10:13
Growth in construction, agriculture and manufacturing industry — Ruslan Dalenov reports on results of socio-economic development for 8 months of 2020
09 September 2020, 10:06
Draft National Action Plan for implementation of President's Address includes 10 key areas
07 September 2020, 17:10
It is planned to double fines for violations in the field of environmental protection — Magzum Mirzagaliyev spoke about implementation of President’s Address
07 September 2020, 16:33
Digitalization of land relations to eliminate human factor, bureaucracy and corruption — Omarov on implementation of President's Address
07 September 2020, 16:27
Beibut Atamkulov on implementation of President's Address: Mechanism for subsidizing rent to be approved by the end of 2020
07 September 2020, 16:14
Government session to be held Sep. 9 in Ukimet Uyi
07 September 2020, 15:39
Focusing on industry and development of transport infrastructure in Kazakhstan — Roman Sklyar speaks about main aspects of President's Address
06 September 2020, 09:34
Video Digest: Main events of the week, No. 76
05 September 2020, 14:10
Session of EEC Council: Several issues of further development of Eurasian economic integration discussed
05 September 2020, 13:41
Production of stationary ventilators opened in Kazakhstan
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.