FX.co ★ Kazakhstan Posts Strongest Growth Since 2013

Kazakhstan’s economy exhibited robust performance, expanding by 5.6% year-on-year in the first quarter of 2025, achieving its most rapid growth since 2013. This figure represents an acceleration from the 4.8% growth recorded for the entire year of 2024 and a significant increase from the 3.8% seen in the first quarter of 2024. The production of goods surged by 7.7%, fueled by impressive gains in manufacturing (8.7%), mining (6.1%), and construction (16.9%). At the same time, the services sector advanced by 4.5%, buoyed by activities in wholesale and retail trade, including motor vehicle and motorcycle repair (6.3%), as well as transport and storage (21.0%). Other contributing sectors included education (2.2%), financial and insurance activities (1.7%), and real estate services (1.6%).