Kazakhstan's Economy Grows in January-February 2025

Kazakhstan's gross domestic product (GDP) grew by 5.4% in January-February 2025, according to a report from the National Economy Ministry released on Wednesday.

The National Economy Ministry said improved dynamics was seen in commodity producing and service sectors and industrial output accelerated to 5.7% thanks to the ongoing work aimed at unlocking the industrial capacity, The Caspian Post reports citing Kazakh media.

The January-February 2025 data indicate an 8.9% growth in manufacturing production, driven by the surge in machine-building (18.2%), food production (13.1%), production of building materials (21.6%), production of metal products (20.1%) and the chemical industry (9%). The country’s mining industry grew at a rate of 4.1%.

According to National Economy Minister Serik Zhumangarin, the construction industry in two months of 2025 was defined by strong growth rates, with the volume of works estimated at 408.1 billion tenge and the index of physical volume made up 112.8%. The total trade grew 6%, while transport and storage services rose 21.3%.

Among the significant contributors are wholesale trade enterprises, supplying grain, seeds and animal feed (5.8fold growth), pharmaceutical products (44.6% growth), cars and light commercial vehicles (38.8% growth). Grain shipments rose 43% to reach 2.4 million tons, while transportation of grain mill products increased by 12%, he said.

Zhumangarin went on to add that the export of high value-added products, especially compound feed, rose 5fold to 273,000 tons (56,000 tons in 2024), and that of vegetable oil grew 28% to up to 94,000 tons.

Earlier it was reported that the World Bank (WB) had updated forecasts for Kazakhstan's GDP growth in 2025-2026.