Kazakhstan’s gross domestic product (GDP) grew by 4.2% in 2024, placing the country third among Eurasian Economic Union (EAEU) nations, according to Kazinform. Kyrgyzstan led the ranking with a 9% growth rate, followed by Armenia at 6%.

Economic indicators highlight Kazakhstan’s stable development. The country’s GDP increased by 4.8% compared to the previous year, while fixed capital investments grew by 0.6%. Industrial production rose by 2.7%, with the manufacturing sector experiencing a 5.9% increase. The construction sector recorded a remarkable 13.1% growth, the highest among EAEU countries.

The agricultural sector also showed significant progress, expanding by 13.7%, the fastest growth rate in the region. In the transport sector, cargo turnover grew by 2.6%, while passenger transport surged by 13.8%. Retail trade turnover also increased by 9.8%.

On the inflation front, the consumer price index rose by 8.6%, while the producer price index for industrial goods increased by 7.3%. Despite some fluctuations in investment activity, these figures indicate Kazakhstan’s steady economic progress.