Kazakhstan is located deep in the Eurasian continent. For centuries, the Silk Road provided a route through Kazakhstan for international traders and merchants carrying exotic merchandise. This contributed to the richness of Kazakh culture and its capacity to adapt and develop. Kazakhstan is rich with commercial minerals and its oil and gas reserves are approximately equal to present day resources of the whole of Western Europe.

Source: Official site of the President of the Republic of Kazakhstan; International Information Centre of the Republic of Kazakhstan

Economic Outlook

The highlight from the Asian Development Outlook 2010:
The economic contraction bottomed in the middle of 2009 and the economy marked positive, albeit modest, growth for the year, bolstered by a rally in international oil prices in the second half. An expansionary fiscal policy directed through an anticrisis program, an accommodative monetary policy, and banking sector stabilization constituted the main policy focus. Weak domestic demand and limited access to credit curbed inflation pressures. The outlook is for modest growth with moderate inflation and a current account surplus, though the banking sector still faces difficulties and domestic demand will remain weak. Read more.

3.4.8 Balance-of-payments indicators

More economic and social indicators for Kazakhstan from the World Bank's World Development Indicators online.

Human Development

The United Nations Development Programme's Human Development Report program has prepared a series of reports on Kazakhstan.

Partner Institutions and Kazakhstan

• Asian Development Bank
• European Bank for Reconstruction and Development
• International Monetary Fund
• United Nations Development Programme
• World Bank

 

© Central Asia Regional Economic Cooperation (CAREC) Institute 2009