Tokayev says GDP per capita exceeded $15,000

Kazakh President Kassym-Jomart Tokayev outlined the country's key economic and social achievements at a ceremony marking Republic Day. Qazinform News Agency reports, citing Akorda. Tokayev highlighted economic growth, an expansion in housing construction and the development of small and medium-sized businesses.

Tokayev said that since 2019 the economy has grown by around 30% and GDP per capita has exceeded $15,000. Under the National Fund for Children program, $2.5 billion has been transferred to the accounts of seven million children. Last year, more than 20 million square meters of housing were commissioned, and life expectancy has approached 76 years. According to the World Bank, Kazakhstan leads the region in this indicator.

Tokayev said Kazakhstan has entered the ranks of the world's most influential countries, taking 34th place, and that its gross domestic product is approaching $350 billion, placing it second among CIS countries. He also said the share of small and medium-sized businesses in GDP had risen to 40%. Over the past seven years, Kazakhstan has attracted $155 billion in investment, and since the start of this year, 355 commercial agreements worth $60 billion have been signed.