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Kazakhstan's economic growth projected at 6-7.1% in 2014-2018

28 August 2013 12:17
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Kazakhstan's economic growth projected at 6-7.1% in 2014-2018

ASTANA. August 28. KAZINFORM Real economic growth is projected at 6-7.1% in 2014-2018, Minister of Economy and Budget Planning Yerbolat Dossayev stated at a meeting of the Government of Kazakhstan.

"The real growth of Kazakhstan's economy for a 5-year period from 2014 to 2018 is projected at 6-7,1%," the minister said.

According to him, economic growth will be achieved through increasing investment in industrial and infrastructure projects, beginning of the Kashagan oil field development and the growth of consumption.

"Domestic demand in the mentioned period will grow at an average of 7.5%," he stressed.

According to the forecast of the Ministry of Economy, the nominal GDP will increase from 38.6 trillion tenge in 2014 to 65.9 trillion tenge in 2018. Per capita GDP in 2014 will be 14.6 thousand dollars, and will grow to 24 thousand dollars in 2018.

Source: www.prime-minister.kz


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