• Kazakhstan

    Kazakhstan

    DEVELOPMENT CHALLENGES 

    A former Soviet Republic, Kazakhstan gained its independence in 1991. Since then, it has emerged as a country with macroeconomic stability, achieved through policy reforms and private sector development. In recent years, Kazakhstan’s GDP has grown by 6.2% annually on average, with a dip to 1.2% in 2009 during the peak of the global economic crisis. Although the country is a relatively recent graduate, today Kazakhstan is a solidly “upper-middle” income country with a steadily increasing per capita GNI, which reached US$7,440 in 2010. Kazakhstan also has a “high” Human Development Index (HDI) of 0.745 and is ranked 68th of 187 countries. However, despite such strong economic performance, significant development challenges remain.

    • Poverty and inequality
    • High unemployment
    • Weak public administration and governance
    • Skills gap
    • Environmental issues

    KEY TRADE ISSUES 

    • Overdependence on natural resources
    • Weak competitiveness and low productive capacity
    • Regional integration and WTO accession
    • Limited access to finance for SMEs
    • Inadequate trade logistics
    • Weak quality management infrastructure

    GOVERNMENT PRIORITIES 

    The government has recognized these development challenges and trade issues, which form the basis of the national development agenda, enshrined in the Development Strategy of Kazakhstan Till 2030, the Concept of Transition of Kazakhstan to Sustainable Development Till 2024, and other relevant documents.

    Guided by Kazakhstan’s overarching objective to become one of the 50 most competitive economies in the world by 2024, the two key goals of the national development strategy are to:

    • Become a full member of the global economy through the adoption of international standards for its productive, financial and public sectors; and
    • Diversify the economy away from oil and minerals.

    To reach these objectives, the Government of Kazakhstan aims to:

    • Increase public sector effectiveness, by establishing an effective and up-to-date corps of civil servants;
    • Promote competitiveness by investing in human capital and basic infrastructure; and
    • Ensure that future growth will not harm the environment and that past liabilities are mitigated.

    More detailed information on Kazakhstan can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.