Kazakhstan Sees Growth in Income and Consumer Spending

New data from the National Statistics Bureau of Kazakhstan shows a consistent increase in income and consumer spending in the fourth quarter of 2024.

Incomes rose by 12.1%, while expenditures saw an 11.6% increase compared to the same period last year, The Caspian Post reports, citing Kazakh media.

The average per capita cash expenditure of Kazakhstan's population in the fourth quarter of 2024 was 309,257 tenge, an 11.6% increase over the same period the year before. The population's average per capita cash income increased by 12.1% to 342,896 tenge from the fourth quarter of 2023.

The amount of income spent on consumption was 313,742 tenge per person, an increase of 11.2% over the previous year. While the Turkestan region and the city of Shymkent had the lowest income levels used for consumption, with income levels 0.7% below the national average, Astana had the largest income increase among Kazakhstan's regions.

In terms of regions, the highest income used for consumption is observed in Almaty with an indicator of 446,045 tenge, followed by Astana with 426,870 tenge and Karaganda region with 403,153 tenge. The lowest level of income used for consumption is recorded in Turkistan region (200,679 tenge), Shymkent city (228,450 tenge) and Kyzylorda region (244,651 tenge).

The main source of income for the population remains labor activity. In the structure of the total monetary income of Kazakhstan, 75.2% comes from income from labor activity, of which 65.9% is income from hired work, and the remaining 9.3% is from self-employment.

On average, the level of consumer spending in the republic was 91.7% of total income: 50.1% is spent on food products, 23.2% on non-food products and 18.4% on paid services. At the same time, the level of consumer spending varies in different regions: in Almaty it was 94.9%, and in Astana - 88.5%.