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    Economics Kazakhstan

    Kazakhstan's fixed capital hits $36.9bn in 2023

    Kazakhstan's fixed capital hits $36.9bn in 2023

    Kazakhstan witnessed an increase in investments in fixed capital, totaling KZT 17.6 trillion ($36.9bn) in 2023. This marked an 11.2% rise compared to the previous year, reflecting robust economic activity in the country.

    Photo: Investments in fixed capital surged to KZT 17.6 trillion
    Source: Bureau of National Statistics of the Agency for Strategic Planning and Reforms of Kazakhstan

     

    According to data from the Bureau of National Statistics, domestic investments surged to KZT 14.3 trillion ($29.8bn), indicating a 13.3% increase from 2022. Concurrently, external investments in Kazakhstan's fixed capital saw a 3% uptick, amounting to KZT 3.37 trillion ( $7.1bn). The share of domestic investments in fixed capital stood at 80.9%, with external investments comprising 19.1% of the total.

    Meanwhile, Kazakhstan's nominal GDP reached KZT 120 trillion (around $264.2bn) in 2023, reflecting a solid growth rate of 5.1% compared to the previous year. 

    Key sectors driving this growth included construction (13.3%), wholesale and retail trade, car and motorcycle repairs (11.3%), information and communications (7.5%), transport and warehousing (7.1%), accommodation and food services (5.4%), and mining and quarrying (4.6%).

    In terms of individual prosperity, the GDP per capita in Kazakhstan for 2023 amounted to $13,276, stressing the nation's economic resilience and potential for further development in various sectors.

     

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    11.07.2024, 16:37   Comments (0)   1142
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