Kazakhstan has risen in the IMD
World Competitiveness Ranking compared to the previous year, now holding the
37th position out of 64 countries. This ranking considers indicators such as
economic performance, government efficiency, and business efficiency. It's
worth noting that in the first half of the year alone, the country’s economy
attracted over $13 billion in investments, with the commissioning of 210 new
investment projects. This guarantees support for medium-term economic growth.
Furthermore, there is a remarkable growth rate in the manufacturing sector,
particularly in engineering, with an increase of nearly one-third. In
automotive and electrical equipment manufacturing, the indicators are even
higher, reaching around 41 and 32 percent, respectively.
“In the first ten months of this
year, Kazakhstan exported goods worth $65 billion. Additionally, exports of
processed goods reached $21 billion. Overall, by the end of 2023, Kazakhstan’s
GDP is expected to grow by five percent. The government is implementing a
comprehensive set of measures to control and reduce inflation. Particularly,
the country has restructured the price stabilization mechanism,” said Kazakh
Minister of National Economy Alibek Kuantyrov.
