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KAZAKHSTAN'S BIG PLAN

Jan 01, 2019 - The Banker

Since 2002, Kazakhstan has enjoyed strong economic developĀ­ ment, with the World Bank reportĀ­ ing a sixfold increase in gross domestic product (GDP) in this time to $159.4bn in 2017. However, this pales in comparison to 2013's GDP of $236.6bn, before the drop in oil prices hit the economy.

Kazakhstan witnessed economic growth of 4.1% in the first half of 2018, on the back of its oil production, which grew by 6.2% when compared with the same period of 2017. Both the service sector and agr...