Kazakhstan reports 3% GDP growth as government reviews Q1 performance
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Kazakhstan's GDP grew by 3% in the first quarter of 2026, according to Prime Minister Olzhas Bektenov. The announcement was made during a government meeting reviewing the country's socio-economic development. This growth occurs even as the government assesses budget execution for the period.
Economic Growth Report
Prime Minister Olzhas Bektenov announced that Kazakhstan's GDP increased by 3% during the first quarter of 2026. The statement was made at a government meeting focused on socio-economic development. The review included analysis of the national budget execution for the same period. Bektenov highlighted the importance of these figures in the context of ongoing economic strategies.
Government Meeting Highlights
The government meeting, led by Prime Minister Bektenov, addressed key economic indicators for the first quarter. Discussions included the performance of various sectors contributing to GDP growth. President Kassym-Jomart Tokayev's previous directives were also reviewed in the context of these results. The meeting underscored the need for continued economic reforms to sustain growth.
ADB Forecast for 2026 Growth
The Asian Development Bank improved its forecast for Kazakhstan's GDP growth to 4.8% in 2026, up from a previous projection of 4.3% in September. The revision was part of the ADB's spring outlook for the region.
What's Next
The government plans to release detailed sectoral performance reports next month. It remains unclear how these figures will influence future economic policies.
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Kazakhstan reports 3% GDP growth as government reviews Q1 performance
