20.11.2025, 12:10 151826

Kazakh Government presents 2026-2028 economic growth forecast

Kazakh Government presents 2026-2028 economic growth forecast
At today’s plenary session of the Kazakh Senate, Deputy Prime Minister - National Economy Minister Serik Zhumangarin presented the 2026-2028 socioeconomic development forecast, Qazinform News Agency reports.

The Deputy Prime Minister said, according to the baseline scenario, real GDP growth in 2026 will be 5.4%, with an average annual growth of 5.3% over three years. Nominal GDP is projected to increase from 183.8 trillion tenge in 2026 to 229.8 trillion tenge in 2028. Economic growth will be driven by expansion in the real sector and services. Growth in manufacturing is expected to rise from 6.2% in 2026 to 6.6% in 2028 thanks to investment projects. Average growth in mining will be 2.8%, in agriculture 3.9%, in construction 11.0%, in transport services 10.1%, and in trade 7.0%.

He noted that exports are projected to grow from USD 77.1 billion in 2026 to USD 83.7 billion in 2028, while imports will rise from USD 67.7 billion to USD 75.2 billion. Inflation is predicted at the level of 9.0-11.0% in 2026, and an average of 6.0% in 2027-2028. Based on these macroeconomic forecasts, budget and National Fund parameters for 2026-2028 have been formed.
 

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