The Government of Kazakhstan has reviewed its projections for GDP growth in 2026, identifying manufacturing, construction, trade, and transport as the key sectors expected to support economic expansion.
Deputy Prime Minister - Minister of National Economy Serik Zhumangarin chaired the meeting on Monday to discuss forecasts for socio-economic development and GDP growth in 2026, The Caspian Post reports, citing Kazakh media.
It is expected that the main drivers of economic growth next year will be manufacturing, construction, transport and warehousing, trade, and the production of food and beverages.
In 2025, the manufacturing sector’s physical volume index (PVI) is estimated to rise by 6%, while the target for 2026 under the 2029 National Development Plan has been set at 6.2%.
Metallurgy, the backbone of manufacturing, is projected to grow by 3% in 2026, driven largely by newly launched plants reaching full capacity, including Kyzyl Aray Copper, EkibastuzFerroAlloys, Kazferro Limited, and Shagala Mining. In ferrous metallurgy, the plan aims to boost the production of ferroalloys, steel, flat-rolled products, and pig iron, while expanding output in gold, copper, aluminum, and zinc within the non-ferrous segment.
Mechanical engineering is forecast to expand by 13.4% in 2026, supported by a 17% rise in automobile production following the launch of Astana Motors Manufacturing Kazakhstan and KIA Qazaqstan facilities. Agricultural machinery production is also expected to grow by 5%.
It is noteworthy that in 2025, Kazakhstan is expected to produce 436,500 household appliances, which is over 1.5 times higher than in the previous year. Kazakhstan's key producers of home electronics are Silk Road Electronics, Almaty Turmystyq Tehnika Zavody, and DS Multimedia CA. The sector targets a 50% YOY increase in 2026.
The chemical industry is forecast to grow by 7% in 2026, supported by new capacities for sulfuric acid, sodium cyanide, hydrogen peroxide, and liquid glass.
Deputy Prime Minister - Minister of National Economy Serik Zhumangarin chaired the meeting on Monday to discuss forecasts for socio-economic development and GDP growth in 2026.
It is expected that the main drivers of economic growth next year will be manufacturing, construction, transport and warehousing, trade, and the production of food and beverages.
In 2025, the manufacturing sector’s physical volume index (PVI) is estimated to rise by 6%, while the target for 2026 under the 2029 National Development Plan has been set at 6.2%.
Metallurgy, the backbone of manufacturing, is projected to grow by 3% in 2026, driven largely by newly launched plants reaching full capacity, including Kyzyl Aray Copper, EkibastuzFerroAlloys, Kazferro Limited, and Shagala Mining. In ferrous metallurgy, the plan aims to boost the production of ferroalloys, steel, flat-rolled products, and pig iron, while expanding output in gold, copper, aluminum, and zinc within the non-ferrous segment.
Mechanical engineering is forecast to expand by 13.4% in 2026, supported by a 17% rise in automobile production following the launch of Astana Motors Manufacturing Kazakhstan and KIA Qazaqstan facilities. Agricultural machinery production is also expected to grow by 5%.
It is noteworthy that in 2025, Kazakhstan is expected to produce 436,500 household appliances, which is over 1.5 times higher than in the previous year. Kazakhstan's key producers of home electronics are Silk Road Electronics, Almaty Turmystyq Tehnika Zavody, and DS Multimedia CA. The sector targets a 50% YOY increase in 2026.
The chemical industry is forecast to grow by 7% in 2026, supported by new capacities for sulfuric acid, sodium cyanide, hydrogen peroxide, and liquid glass.
