Kazakhstan Targets Over 5% Economic Growth as Non-Resource Sector Gains Momentum
Astana, The Gulf Observer: The Government of Kazakhstan has set an ambitious target to achieve sustainable economic growth of over 5 percent by the end of the year, Prime Minister Olzhas Bektenov announced during the Cabinet’s weekly meeting, according to media reports.
Emphasizing the importance of consistent economic expansion, Bektenov stated that the government’s primary focus remains on maintaining growth above the 5 percent threshold. He highlighted the non-resource sector as a key driver of economic performance, noting that the processing industry has recorded a robust growth of 8.5 percent.
Earlier reports indicated that Kazakhstan’s gross domestic product (GDP) grew by 3 percent during the January–March 2026 period. The Prime Minister attributed this positive trajectory largely to steady gains in non-resource industries, including manufacturing, transport, construction, and trade. Despite challenging global economic conditions, these sectors have continued to demonstrate resilience and competitiveness.
Meanwhile, Minister of Industry and Construction Yerssaiyn Nagaspayev reported significant progress in the industrial sector, revealing that production in the machine-building industry surged by 21.9 percent, further reinforcing the country’s economic outlook.
The government’s strategy underscores a continued shift towards diversification, aiming to reduce reliance on natural resources while strengthening sustainable and broad-based economic growth.
