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

The Times of Central Asia
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Kazakhstan's GDP grew by 4 percent in the first half of 2026 despite a drop in oil production
사진: timesca.com

핵심 요약

  • Kazakhstan's GDP grew by 4.1 percent annually in the first half of 2026, despite a drop in crude oil production.
  • Non-oil sectors, the main driving force of growth, expanded by more than 5 percent in the first six months of the year.
  • Total manufacturing production reached 34.1 billion dollars, surpassing mining output.
  • Fixed capital investments increased by 9.6 percent, along with the rise in the information and communication sector.

숫자로 보기

4.1% GDP growth8.4% oil production drop34.1 billion $ manufacturing production9.6% investment increase

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.

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How much did Kazakhstan's GDP grow in the first half of 2026?
Kazakhstan's Gross Domestic Product grew by 4.1 percent in the first six months of 2026, exceeding the previous five-month growth rate of 3.7.
What drove the growth despite the drop in oil production?
The growth of non-oil sectors, comprised of industries such as manufacturing, construction, trade, and transportation, compensated for the drop in oil production and enabled the economy to expand.
What was the production value in Kazakhstan's manufacturing sector?
In the first half of 2026, total manufacturing production reached 34.1 billion dollars, surpassing the mining output of approximately 33.6 billion dollars.

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