📈 Kazakhstan’s Industrial Growth in 2024: Achievements and Key Challenges
From January to October 2024, industrial production in Kazakhstan increased by 2.6%, reaching 40.4 trillion tenge. This growth was driven by a rise in manufacturing (+4.8%) and stability in the mining sector (+0.3%). However, regional disparities and limited diversification remain significant challenges.
🏭 Key Growth Sectors:
• Chemical Industry: +8.9%.
• Pharmaceuticals: +23.8%.
• Metallurgy: +7.5%.
• Manufacturing of Metal Products: +29.3%.
• Energy Sector: Volumes increased by 4.9%, supported by transmission and distribution of electricity.
🌍 Regional Dynamics:
The highest industrial growth was recorded in Ulytau, Karaganda, and Turkestan regions. Meanwhile, declines were observed in Atyrau and Kostanay regions, as well as in Almaty, highlighting the need to balance regional development.
⚙️ Key Challenges:
1. Reduction in Water Supply: Volumes decreased by 1.2%.
2. Regional Disparities: Growth in some regions is offset by declines in others.
3. Dependence on the Mining Sector: Limits economic resilience and diversification.
👉 Read the full report on Kazakhstan’s industrial achievements and key challenges on our website!
https://economy.kz/?p=10599&lang=en
From January to October 2024, industrial production in Kazakhstan increased by 2.6%, reaching 40.4 trillion tenge. This growth was driven by a rise in manufacturing (+4.8%) and stability in the mining sector (+0.3%). However, regional disparities and limited diversification remain significant challenges.
🏭 Key Growth Sectors:
• Chemical Industry: +8.9%.
• Pharmaceuticals: +23.8%.
• Metallurgy: +7.5%.
• Manufacturing of Metal Products: +29.3%.
• Energy Sector: Volumes increased by 4.9%, supported by transmission and distribution of electricity.
🌍 Regional Dynamics:
The highest industrial growth was recorded in Ulytau, Karaganda, and Turkestan regions. Meanwhile, declines were observed in Atyrau and Kostanay regions, as well as in Almaty, highlighting the need to balance regional development.
⚙️ Key Challenges:
1. Reduction in Water Supply: Volumes decreased by 1.2%.
2. Regional Disparities: Growth in some regions is offset by declines in others.
3. Dependence on the Mining Sector: Limits economic resilience and diversification.
👉 Read the full report on Kazakhstan’s industrial achievements and key challenges on our website!
https://economy.kz/?p=10599&lang=en