Kazakhstan’s GDP grows by 5.4% in January-February

The domestic economy demonstrated positive growth dynamics in the first two months of this year. According to the government, GDP grew by 5.4% in January-February compared to the same period last year, with a 3.8% increase recorded in January alone. The Ministry of National Economy attributes this growth to a nearly 9% rise in the manufacturing industry, a 4.1% expansion in the mining industry, and a 6% increase in trade turnover. Notably, grain, seed, and feed sales in the trade sector surged sixfold. Additionally, vehicle sales grew by almost 40%. In the manufacturing sector, strong performance was observed in mechanical engineering, the chemical industry, and food production. Grain shipments rose by 43%, while the transportation of milled products increased by 12%. State support for the production of deep processing products contributed to a fivefold increase in domestic compound feed exports and a 28% rise in vegetable oil exports.

Web-editor: Гайни Жумабек