President: Kazakhstan's economy has grown nearly 30% since 2019

President: Kazakhstan's economy has grown nearly 30% since 2019
Photo: Egemen Qazaqstan

Kazakh President Kassym-Jomart Tokayev spoke about constitutional reforms and the development of the country's economy at a ceremony marking Republic Day, according to Egemen.kz. Tokayev said the new Constitution created a unicameral Kurultai and a vice-presidential institution, and that Kazakhstan is one of a small number of countries to give constitutional status to the volunteer movement.

Tokayev said the economy has grown nearly 30 percent since 2019 and that GDP per capita has exceeded $15,000. Under the "National Fund – for Children" project, $2.5 billion has been transferred to the accounts of 7 million children, and more than 20 million square metres of housing was built last year.

He also said average life expectancy has approached 76 years and that, according to World Bank data, Kazakhstan leads the region on this indicator. The share of small and medium business in GDP has reached 40 percent. Tokayev also congratulated citizens on Republic Day.

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This story was automatically summarised and translated from Egemen Qazaqstan. All rights to the story belong to its source.

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