Baku 21° C
Kazakhstan's economy grows 4.1% in 7 months amid decline in oil production
Region
- 11 August, 2026
- 09:29
Add Report.az to preferred Google sources
Stay up to date with the top news!
Kazakhstan's GDP grew by 4.1% in January–July 2026, the country's government press service said, citing preliminary data from the Bureau of National Statistics.
According to Report's Kazakhstan bureau, the non-oil sector provided the main support for the economy, growing by 5.4% over the seven-month period.
The Ministry of National Economy, for its part, noted that GDP growth remained steady despite declining oil production and volatility in global markets.
In particular, Kazakhstan's oil production fell by 8.9% year-on-year in January–July to 53.2 million tons.
In 2025, Kazakhstan produced approximately 99.6 million tons of oil. Oil production for 2026 is planned at 98 million tons.
Author
Latest News
22:48
Why preserving public trust matters in Azerbaijan–Türkiye relations?
Analytics
22:32
Witkoff describes talks with Putin as constructive
Other countries
22:14
Leadership and political responsibility in Baku–Ankara relations -Analysis
Analytics
21:56
Azerbaijani MP says delays to peace treaty threaten regional stability
Foreign policy
21:50
Photo
Leyla Aliyeva explores activities of centers established for children with special needs in Samarkand
Foreign policy
21:47
Azerbaijan"s furniture imports fall 22.2% in January–September
Business
21:45
Italy, Azerbaijan discuss stronger economic and industrial ties
Business
21:36
Swiss ambassador: UN remains vital as its founding principles face tests
Foreign policy
21:15
UN coordinator: Azerbaijan is a valued partner and backs multilateralism
Foreign policy