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

Following results of 4 months of 2021, economy of Kazakhstan entered a growth path

Wednesday, 12 May 2021, 09:55:42

At the government session chaired by the Prime Minister Askar Mamin, the results of the country's socio-economic development and the execution of the republican budget for January-April 2021 were considered.

Minister of National Economy Aset Irgaliyev, Chair of the National Bank Erbolat Dossaev, Minister of Finance Yerulan Zhamaubayev reported on the development of the economy, monetary policy, execution of the republican budget, local content in public procurement, Minister of Industry and Infrastructure Development Beibut Atamkulov and Minister of Energy Nurlan Nogayev reported on the situation in industry and the energy sector, Minister of Agriculture Saparkhan Omarov spoke about the agro-industrial complex, Minister of Trade and Integration Bakhyt Sultanov told about prices for socially significant food products.

Following the results of 4 months of this year, the economy of Kazakhstan has entered a growth path. GDP growth rates for January-April 2021 amounted to 0.7%. Recovery dynamics is observed in all sectors of the economy. The largest contribution to GDP growth was made by the non-resource sector.

Sustainable and record-high growth rates for the last 10 years have been ensured in the manufacturing industry. According to the results of 4 months of this year, the growth was 7.7%.

High growth rates were noted in mechanical engineering (20.6%), incl. automotive industry (25.4%), production of locomotives and carriages (49.7%), electrical equipment (10.2%), computers, electronic and optical equipment (52.3%).

The chemical industry also showed dynamic development (11.2%); light industry (4.9%), including the production of clothing (23.6%); metallurgy (3%), incl. colored (3%) and black (2.7%); food production (3.9%) and beverages (5.1%); pharmaceuticals (26.2%) and oil refining (2.6%).

Sustainable and high growth rates were ensured in the construction sector, including the production of building materials (26.5%), construction (12.5%), commissioning of housing (13.3%).

In agriculture, the growth rate was 3%. Against the background of the growing attractiveness of the industry, investments in fixed assets in agriculture and food production increased by more than 50%.

The growth of investments in fixed assets throughout the economy, excluding mining, amounted to 32.3%.

One of the most significant factors of economic growth was the positive dynamics in the service sector. Thus, growth was noted in such industries as trade (5.7%), communications (11.1%), real estate transactions (1.3%), financial and insurance activities (1.6%).

According to the results of January-April 2021, Mangystau region and Shymkent city ensured the growth of socio-economic development in all 7 main macro-indicators, Akmola, Aktobe, Zhambyl, Karaganda and Kostanay regions — in 6 indicators, East Kazakhstan, Pavlodar, North Kazakhstan regions, Nur-Sultan and Almaty cities — by 5 indicators. The lowest indicators were achieved in the West Kazakhstan region.

“Positive economic growth is the most important indicator of the effectiveness of the implementation of measures to contain the pandemic, as well as support for the private sector and the country's production potential. It is important to maintain and accelerate the set rates of economic growth in the coming months,” Mamin said.

The Head of Government instructed the regional akims to pay special attention to stabilizing prices for socially significant food products, to ensure an increase in funding for forward purchases of food from the local budget up to 10 billion tenge and bringing financing under the ‘reverse scheme’ to 50 billion tenge.

The Prime Minister stressed the need to attract domestic and foreign investments, especially in non-resource sectors, support the further development of small and medium-sized businesses, provide employment and increase the real incomes of the population.


News feed
04 August 2021, 11:08
Analytical Credit Rating Agency affirmed Kazakhstan's credit rating at BBB+, outlook stable
03 August 2021, 14:59
New package of measures to support SMEs prepared in Kazakhstan — Aset Irgaliyev
03 August 2021, 12:20
Experience of Zhambyl region in increasing incomes of rural population to be scaled in other regions of Kazakhstan
03 August 2021, 12:11
55.4% of eligible population vaccinated in Kazakhstan — Alexey Tsoy
03 August 2021, 11:56
Government reviews implementation of anti-crisis measures to support business
03 August 2021, 11:55
Experience of Zhambyl region in increasing incomes of rural population showed its effectiveness — Askar Mamin
03 August 2021, 11:37
Askar Mamin — ASHYQ project allows businesses to work under quarantine conditions
02 August 2021, 16:05
Government session to be held Aug. 3 in Ukimet Uyi
30 July 2021, 18:52
Yeraly Tugzhanov: The state will create all conditions for the operation of responsible SME facilities
30 July 2021, 18:02
Alibaba, Amazon, Mundus Agri — Kazakhstan's e-commerce expands its borders
30 July 2021, 17:34
Memorandum of Understanding signed between Government of Kazakhstan and ArcelorMittal Temirtau JSC
29 July 2021, 16:53
Half-year results: Dynamics of socio-economic development of Aktobe region shows stable growth
29 July 2021, 14:04
Popularization of national projects and brands to unite Kazakhstanis in reviving national traditions — Yeraly Tugzhanov
29 July 2021, 03:46
Oil production, construction of schools and active development of tourism — what projects implemented in Mangystau region
28 July 2021, 18:20
Industrial cooperation and cross-border trade — Kazakhstan expands trade and economic cooperation with neighboring countries
27 July 2021, 17:55
Interdepartmental Commission decides to strengthen quarantine measures in several cities of Kazakhstan
27 July 2021, 15:04
Prime Minister Askar Mamin meets with Minister of Transport of Uzbekistan Ilkhom Makhkamov
26 July 2021, 16:24
Prime Minister Askar Mamin receives delegation of Astrakhan region, Russian Federation
26 July 2021, 15:58
Kazakhstan and Eni to develop alternative energy sources
24 July 2021, 11:39
Askar Mamin holds telephone conversation with Prime Minister of Tajikistan Kokhir Rasulzoda
23 July 2021, 20:20
Council for Transition to Green Economy considers issues of unauthorized dumps
23 July 2021, 19:40
Today, 8 million doses of vaccine used in Kazakhstan — Ministry of Healthcare
23 July 2021, 09:44
Kazhmukhan Bekmukashev appointed Chairman of the Committee for Geodesy and Cartography of Ministry of Digital Development, Innovation and  Aerospace Industry
22 July 2021, 18:49
Prime Minister of Kazakhstan visits Aktobe region on a working trip
21 July 2021, 18:27
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing Spread of Coronavirus Infection
21 July 2021, 15:38
Askar Mamin's working trip to Mangystau region: Tourist, transport and engineering infrastructure, agro-industrial complex, digitalization
19 July 2021, 21:23
Board of Baiterek Holding considers implementation of President’s instructions
19 July 2021, 18:20
Rustem Bigari relieved as Vice Minister of Education and Science
19 July 2021, 15:46
Prime Minister Askar Mamin instructs to intensify work on forage preparation
16 July 2021, 16:13
Largest Russian car producers AVTOVAZ, RENAULT RUSSIA and KAMAZ to continue industrial cooperation between the two countries
14 July 2021, 18:38
Gabit Syzdykbekov appointed First Deputy Head of the Office of the Prime Minister of the Republic of Kazakhstan
14 July 2021, 17:20
Prime Minister Askar Mamin instructs to strengthen quarantine measures in 4 regions
13 July 2021, 17:59
For 5 months of 2021, domestic trade grew by 15.8% compared to the same period last year — Bakhyt Sultanov
13 July 2021, 16:15
Government discusses organizational issues for conducting population census in 2021
13 July 2021, 16:08
Meeting of Interdepartmental Commission on Regulation of Entrepreneurship held in the Government
12 July 2021, 19:10
Interdepartmental Commission adopts package of measures to prevent the spread of coronavirus infection
12 July 2021, 14:48
Askhat Oralov relieved as Vice Minister of Information and Social Development
10 July 2021, 16:55
National Bank of Kazakhstan preparing pilot project for implementation of digital tenge
10 July 2021, 16:21
Prime Minister Askar Mamin introduces new Vice Minister - Acting Minister of Agriculture, Yerbol Karashukeyev
09 July 2021, 09:15
Kanat Iskakov appointed chair of Information Committee of the Ministry of Information and Social Development of Kazakhstan
07 July 2021, 20:36
Marat Karabayev appointed Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan
07 July 2021, 19:36
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing Spread of COVID-19 in Kazakhstan
06 July 2021, 17:35
Prime Minister Askar Mamin congratulates Kazakhstanis on the Day of the Capital
03 July 2021, 19:26
Anuar Akhmetzhanov relieved as First Vice Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan
02 July 2021, 17:22
Askar Mamin chairs meeting of EDB: The Bank’s 2022-2026 Strategy approved
02 July 2021, 17:20
Askar Mamin holds meeting on development of Almaty agglomeration
02 July 2021, 13:43
Askar Mamin instructs to complete reconstruction of Altyn Orda traffic intersection in October 2021
02 July 2021, 13:08
Askar Mamin instructs to complete construction of Saryarka and Dostyk stations of Almaty metro by the end of 2021
02 July 2021, 12:05
Interdepartmental Commission discusses epidemiological situation after detection of COVID-19 mutation characteristic of Delta strain
02 July 2021, 08:30
Askar Mamin instructs to complete construction of BAKAD by the end of 2022
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.