BAKU, Azerbaijan, February 1. The International
Monetary Fund (IMF) has forecasted Kazakhstan’s real oil GDP growth
at 3.6% in 2026 and 4% in 2027, Trend reports via the Fund.
The IMF also expects Kazakhstan’s real non-oil GDP to grow by
4.6% in 2026, followed by a slight slowdown to 4.2% in 2027.
Overall, the IMF projects real GDP growth of 4.4% for Kazakhstan
in 2026 and 4.2% in 2027.
According to the Bureau of National Statistics of Kazakhstan,
the country’s GDP grew by 6.5% in 2025.
The National Bank of Kazakhstan anticipates GDP growth in 2026
to fall within the range of 3.5% to 4.5%. This deceleration is
attributed to the high base effect from 2025, subdued consumer
demand, and the ongoing impact of fiscal reforms and budget
consolidation. For 2027, the National Bank projects a growth rate
between 4% and 5%.
Projections from the United Nations suggest a GDP growth of 4.6%
for Kazakhstan in 2026, while Dutch bank ING has slightly raised
its estimate to 4.8%. However, ING anticipates a more moderate
growth of 4% in 2027. The World Bank’s projections are similar,
forecasting a 4.5% growth rate for 2026 and a slightly lower 3.9%
for 2027.