Kazinform: Kazakhstan observes 3.3% economic growth rate in H1 2022

Minister of National Economy Alibek Kuantyrov reported about H1 2022 economic indicators at the Government’s weekly sitting today, Kazinform reports.

According to him, Kazakhstan’s economic growth rate in January-July 2022 amounted to 3.3%. The Ministry observes positive trade balance and high growth in real and services sectors in the reporting period. Growth in the real sector amounted to 3.4%, business activity in the services sector accelerated to 2.5%, he said.

Positive growth is observed in construction, information and communications, trade, transport and warehousing, manufacturing, agriculture and mining sectors.

Growth of investments in fixed assets accelerated to 4.5%.

Investments in public administration and social security rose by 99.2%, in education – by 75%, in trade and healthcare – by 26%, in real estate operations – by 20%, and in construction – by 14.8%.

August 16, 2022