Kazakhstan witnessed an increase in investments in fixed capital, totaling KZT 17.6 trillion ($36.9bn) in 2023. This marked an 11.2% rise compared to the previous year, reflecting robust economic activity in the country.

According to data from the Bureau of National Statistics, domestic investments surged to KZT 14.3 trillion ($29.8bn), indicating a 13.3% increase from 2022. Concurrently, external investments in Kazakhstan’s fixed capital saw a 3% uptick, amounting to KZT 3.37 trillion ($7.1bn). The share of domestic investments in fixed capital stood at 80.9%, with external investments comprising 19.1% of the total.

Meanwhile, Kazakhstan’s nominal GDP reached KZT 120 trillion (around $264.2bn) in 2023, reflecting a solid growth rate of 5.1% compared to the previous year.

Key sectors driving this growth included construction (13.3%), wholesale and retail trade, car and motorcycle repairs (11.3%), information and communications (7.5%), transport and warehousing (7.1%), accommodation and food services (5.4%), and mining and quarrying (4.6%).

In terms of individual prosperity, the GDP per capita in Kazakhstan for 2023 amounted to $13,276, stressing the nation’s economic resilience and potential for further development in various sectors.