Kazakhstan economy registers strong growth since 2019

Kazakhstan’s economy had grown by around 30% since 2019, with GDP per capita exceeding $15,000, according to President Kassym-Jomart Tokayev.

The country’s GDP is approaching $350 billion, placing Kazakhstan second among Commonwealth of Independent States (CIS) members, he said.

He was speaking at an Oct. 23 ceremony marking Republic Day celebrated on Oct. 25.


The share of small and medium-sized businesses in GDP has reached 40%, while nearly half of the country’s working-age population is employed in the sector. He also highlighted social development indicators, noting that $2.5 billion had been transferred to the accounts of seven million children under the National Fund for Children program.

According to him, more than 20 million square meters of housing were commissioned last year, while life expectancy has approached 76 years. Constitutional reforms Tokayev described the adoption of the new Constitution as a milestone in Kazakhstan’s political transformation.

He highlighted the establishment of a unicameral Kurultai (Parliament), the introduction of the vice president position and the launch of the Kazakhstan People’s Council, a high-level consultative body.