Kazakhstan reported a 4.1% increase in its gross domestic product for the first half of 2026, reflecting steady economic progress fueled by rising investments and sector expansion. This growth was highlighted during a government briefing where President Kassym-Jomart Tokayev reviewed the country’s socio-economic performance alongside Prime Minister Olzhas Bektenov.
Fixed capital investment surged to 9.5 trillion tenge (approximately $20.1 billion), propelled by a substantial 21.4% rise in private capital inflows. This influx has been a key driver of growth, particularly in manufacturing, transport, and construction sectors. Manufacturing’s contribution to the economy expanded by 9.8%, transport grew by 7.1%, and construction increased by 15.2%, signaling broad-based industrial strengthening.
Other critical parts of the economy also experienced gains: trade rose by 5.7%, agriculture by 4.4%, and communications services by 4.3%. The government outlined plans to energize the manufacturing sector further by launching 200 major investment projects worth 1.7 trillion tenge ($3.5 billion) within the year, which are expected to create 17,000 permanent jobs.
On the infrastructure front, authorities allocated 384 billion tenge ($812 million) for upgrades addressing energy sector vulnerabilities. This investment targeted the reconstruction of nine power units, 55 boilers, and 51 turbines, successfully removing five thermal power plants from a critical risk category. Improvements in energy infrastructure aim to ensure greater system reliability and capacity as economic activity expands.
Inflation moderated to 10.3% by June, aligning with government efforts to enhance fiscal efficiency. Optimizing social security transfers is projected to save over 800 billion tenge ($1.6 billion) annually, reflecting tighter budget management. President Tokayev instructed his cabinet to initiate a large-scale construction initiative focused on modernizing regional healthcare facilities and developing strategic infrastructure to support sustainable growth.