Kazakhstan's GDP grew by 4 percent in the first half of 2026 despite a drop in oil production

The Kazakh economy grew by 4.1 percent in the first half of 2026, despite a decline in crude oil production. According to the Ministry of National Economy data, this growth was mainly achieved thanks to the strong performance in the non-oil sectors. The manufacturing, construction, trade, and transportation sectors alone accounted for more than 80 percent of the GDP growth.

While the construction sector stood out as the fastest-growing area with a 15.2 percent increase, the manufacturing industry also expanded by 9.8 percent. Sub-sectors such as automobile production and pharmaceutical products recorded double-digit growth figures. The total manufacturing production value reached 34.1 billion dollars, surpassing the mining output of approximately 33.6 billion dollars.

Fixed capital investments increased by 9.6 percent compared to the same period last year, continuing to support general economic activity. Notable investment increases were observed in electricity supply and manufacturing, particularly in information and communication technologies. The government stated that the dynamic development of non-resource sectors and strong investment activities continue to form a solid foundation for the country's growth.