Lucintel’s Analysis: Kazakhstan Economy to Witness Robust Growth and Reach $365 Billion by 2018

   January 1, 2013
Kazakhstan’s economy, which has been on a high growth trajectory during the past 10 years, is expected to continue that momentum to reach an estimated $365 billion at current prices in 2018. Strong growth in demand, increase in investments, and oil exports are expected to propel the Kazakhstani economy over the next five years.

Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the industry and presents its findings in “Kazakhstan Country Analysis 2013-2018: An Evaluation of Political, Social, Economic, and Business Risk.” As indicated in the study, Kazakhstan has all the ingredients of becoming an economic force on the global stage. The country has sound macroeconomic fundamentals such as low inflation and current account surpluses. Foreign exchange reserves continue to shield the economy from external pressures.

Kazakhstan has ninth-largest oil reserves in world and is the 20th-largest country in terms of oil production. The country is rich in natural resources and is the world’s second-largest in uranium, chromium, lead, and zinc reserves. The country has a favorable geostrategic location in the heart of Eurasia. Transcontinental routes that connect the Asia Pacific region with the Middle East and Europe pass through Kazakhstan. The government has initiated various reform processes that may further improve country’s credit rating.

Lucintel report also indicates emerging risk in country that could negatively affect the economic growth for a longer period. Some of the emerging risks include the country’s high trade dependency on European countries and high crime rate. The economic turmoil in the European countries could influence the exports of Kazakhstan affecting the economic growth.

The study of Kazakhstan is the major focus of the report. This study provides a concise overview of the risk analysis for doing business in Kazakhstan. This report studies the political, economic, social, technological, and business risk analysis of the country. The report presents annual trends of economic and social parameters for the past 10 years and forecasts of GDP and population for the next six years.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit

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