Kazakhstan's GDP up 30% since 2019, President Tokayev says

Kazakhstan's President Kassym-Jomart Tokayev presented a set of figures on the country's economic and social development at the Akorda on 23 October. He said the economy has grown by about 30% since 2019 and that GDP per capita exceeded $15,000 for the first time.

Tokayev also said that $2.5 billion had been transferred to the accounts of 7 million children under the Children's National Fund, and that life expectancy had approached 76 years, which he said ranks first in the region according to World Bank data. He added that more than 20 million square metres of housing were built in a year, a record, and that over 150,000 cars and trucks roll off production lines annually. He also cited 1,483 kindergartens and 1,342 schools opened.

Andrey Chebotarev discussed the figures in his FINANCE.kz Telegram channel. He noted that 30% growth over six years equals an average of about 4.5% a year. He wrote that the $15,000 figure is nominal rather than based on purchasing power parity, under which he estimated Kazakhstan at roughly $35,000 to $40,000.