World Bank Updates Kazakhstan's GDP Growth Projections for 2025-2026

The World Bank (WB) has updated forecasts for Kazakhstan's GDP growth in 2025-2026.

The World Bank (WB) forecasts Kazakhstan's GDP growth at 4.7 percent in 2025 and 3.5 percent in 2026; thus, the World Bank has confirmed the forecasts made in October, The Caspian Post reports, citing Trend.

In 2024, according to the WB's estimate, the country's GDP growth will be 4 percent, slowing down compared to 5.1 percent in 2023.The WB estimates that the GDP growth of Central Asian countries in 2025-2026 will be 5 percent and 4.2 percent, respectively.

"The growth of Kazakhstan's economy, supported by oil production growth, is expected to contribute to the recovery," the report specifies.

To note, in 2023, Kazakhstan's GDP growth was 5.1 percent.