Economy

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During the years of independence in the Republic of Kazakhstan to ensure sustainable economic growth, based on - the emancipation of private initiative and entrepreneurship, active foreign trade, attracting investment.

Kazakhstan's economy is growing at an annual rate of 9-10%. Over the past decade, the country's GDP grew by almost 5 times (with 22 billion. US dollars to 100 billion. Dollars).

Kazakhstan, according to the World Bank, included in the group of middle-income. In  2007 GDP per capita closer to 7 thousand US dollars. According  to the World Bank Kazakhstan is among the top twenty countries most attractive for investment. The volume of direct foreign investments into the Kazakh economy reached more than 70 billion US dollars. Kazakh business is actively investing abroad (26 billion. US dollars).

International assets of the country, taking into account the National Fund exceed 40 billion US dollars.

Foreign trade turnover increased over the decade more than 6 times, and can achieve in 2007 to 80 billion US dollars.

Leading local companies reached the level of international business standards and gain fame in the world of the global economy ("KazMunaiGas", "Kazakhmys", "Kazatomprom" and others).

Kazakhstan - a country with a successful financial and banking system, recognized by international experts as one of the best. There are such large international banks with high ratings as Kazkommertsbank, Bank "TuranAlem", the People's Bank.

The country has all opportunities for business development, which every year are improving.

Kazakhstan - a country that contributes to global energy security. Kazakhstan ranks 7th place in the world in oil reserves, 6th place - gas reserves, 2nd place - uranium. By 2017, Kazakhstan will enter the top ten largest producers and exporters of oil and gas in the world.

In addition, are mining industry ferrous and non-ferrous metallurgy, machine building, construction industry, small and medium business and many other industries dynamically developing in Kazakhstan,.

Kazakhstan is preparing to join the World Trade Organization and practically brought the legislative framework into line with WTO requirements.

Kazakhstan, successfully completing the transition stage of its economic development, intends to make a new qualitative growth - to join the 50 most competitive countries of the world.

 

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