FX.co ★ Kazakhstan GDP Growth Slows in Q1

Kazakhstan’s economy grew by 3.0% in the first quarter of 2026, down from 5.0% in the same period a year earlier, marking the slowest expansion since the third quarter of 2022. The moderation in growth reflected weaker increases in both the goods and services sectors, which rose by 2.1% and 3.6%, respectively. Within the goods-producing sector, water supply posted the strongest gain at 16.2%, followed by construction at 14.8%. In the services sector, transport and warehousing expanded by 12.8%, while wholesale and retail trade, including the repair of motor vehicles and motorcycles, increased by 4.8%. In January–March 2026, goods production accounted for 34.5% of GDP and services for 57.8%, with the industrial sector alone representing the largest share at 27.4%.