Kazakhstan’s economy is expected to grow by 4.8% in 2026. The Asian Development Bank presented its forecasts for the country and the region in its spring outlook. In its September report, analysts had expected a slowdown in Kazakhstan’s GDP growth to 4.3%. The report states that despite instability in global trade, Kazakhstan’s economy remains resilient. This resilience is supported by a number of factors, including accumulated reserves, investment, and the stability of the financial sector.
«Kazakhstan, as an energy
resource exporter, is primarily oriented toward European markets, helping
reduce the direct impact of ongoing disruptions in global supply chains. In
2025, the economy reached a record growth rate of 6.5%. Assets were accumulated
in the National Fund and foreign exchange reserves. The financial sector
continues to demonstrate resilience. Overall, Kazakhstan’s growth drivers will
shift toward non-resource sectors, particularly manufacturing, services, and
construction, including through public infrastructure investment. Thus, despite
general challenges and slowdowns, Kazakhstan’s economy will remain resilient,» noted Sanzhar Kaldarov, Economics Analyst, Asian
Development Bank.
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