Kazakhstan’s GDP grew by 5.4% in January-February, driven by strong performances in both the industrial and services sectors. Industrial production rose by 5.7%, reflecting the government’s efforts to unlock the country’s manufacturing potential, according to discussions led by Prime Minister Olzhas Bektenov during a working meeting with key economic officials.
During the meeting, Bektenov reviewed the implementation of President Kassym-Jomart Tokayev's directives on ensuring sustainable economic growth and diversification. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin presented a report on the latest socio-economic indicators for the first two months of 2025, outlining progress in various sectors and areas requiring further attention.
The manufacturing industry saw an 8.9% increase, with notable expansions in key sectors. Machine building recorded an 18.2% rise, food production increased by 13.1%, construction materials by 21.6%, and metal products by 20.1%. The chemical industry also saw a 9% growth, while the mining sector registered a 4.1% increase.
The construction sector demonstrated high activity, with a total volume of KZT 408.1bn ($815mn) and an industrial fixed output (IFO) of 112.8%. Trade grew by 6%, while the transport and warehousing sector saw a 21.3% increase. Wholesale trade enterprises played a significant role in economic expansion, with notable increases in grain, seed, and animal feed sales (5.8 times growth), pharmaceutical goods (44.6% growth), and cars and light motor vehicles (38.8% growth). Grain shipments reached 2.4mn tonnes, marking a 43% increase, while the transport of milled products rose by 12%.
The government’s focus on promoting deep-processing industries yielded positive results. Exports of high-value-added products saw substantial growth, with mixed fodder exports increasing fivefold to 273,000 tonnes (from 56,000 tonnes in 2024). Vegetable oil exports grew by 28% to 94,000 tonnes.
Prime Minister Bektenov emphasized the need to maintain economic momentum and directed officials to intensify efforts to meet growth targets. The government is expected to continue implementing policies that support industrial diversification and trade expansion to sustain economic progress in the coming months.
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