Tokayev: Kazakhstan's GDP to reach $398 billion in 2026

President Kassym-Jomart Tokayev said Kazakhstan's gross domestic product is expected to reach $398 billion by the end of 2026. Speaking to employees and trade union members of Qarmet in Temirtau, he said manufacturing's share of the economy has exceeded 14%, the highest figure in Central Asia, according to the presidential press service.

Qarmet returned to net profit in 2025 after multi-billion-tenge losses, with total revenue of 1.1 trillion tenge (about $2.4 billion). A $3.5 billion modernization programme through 2028 focuses on advanced technologies, digital solutions and workplace safety. The Bolashakka Zhol programme, which aims to train and employ young specialists, is expected to involve around 500 people in its first stage.

The president said 2027 has been declared the Year of People's Large-Scale Construction, with about 6.5 trillion tenge (about $14.3 billion) to be allocated by the end of 2029 for roads, airports, hospitals and schools. Tokayev said demand for Kazakh steel should grow as the programme progresses.