WNAM MONITORING: A report by the Central Asia Regional Economic Cooperation Institute (CAREC) highlights that Kazakhstan’s GDP (Gross Domestic Product) growth rate is expected to see a significant increase in 2025.
The report indicates that Kazakhstan’s economic growth slowed in 2024. In the first quarter of 2024, countries GDP growth was only 3.7% compared to the previous year. However, by 2025, this figure is expected to rise to 5.2%, according to CAREC calculations – one of the best rates in the region. Only Mongolia is projected to show higher growth rates.
The most favorable forecasts for Kazakhstan were presented by the Asian Development Bank and the International Monetary Fund, at 5.3% and 5.6%, respectively. Meanwhile, World Bank specialists were more skeptical, projecting a growth rate of 4.7%.
Overall, CAREC experts recommend that countries focus on simplifying trade procedures and concentrating on attracting investments and diversifying their exports. This may require technological modernization to enhance competitiveness. They noted that commodity prices remain stable, but the main drivers of GDP growth are trade and information technology.
Gross Domestic Product, or GDP, is one of the key indicators characterizing the development of any economy.
