Kazakhstan's economy grew by 4.1% in real terms in the first half of 2026, the Ministry of National Economy reported, citing data from the Bureau of National Statistics. Compared to January-May, the growth rate accelerated by 0.4 percentage points. This was reported by Qazaqyia.kz citing Kursiv Media.
The non-oil sector remains the main driver of the economy. According to the Ministry of National Economy, its growth exceeded 5%.
Despite an 8.4% decline in oil production compared to the same period last year, the real sector of the economy grew by 5.1%, and the services sector by 3.5%.
More than 80% of GDP growth was driven by manufacturing, construction, trade, and transport. These sectors maintain the highest growth rates.
Construction was the leader in growth. In January-June, the volume of construction work increased by 15.2%. 8.5 million square meters of housing were commissioned, 6.7% more than a year earlier.
In manufacturing, production volume grew by 9.8%. Over six months, output reached 16.2 trillion tenge, exceeding the mining industry's figure of about 15.9 trillion tenge.
Despite a slowdown in metallurgy, which accounts for more than 40% of manufacturing, positive dynamics were ensured by other industries.
Output of finished metal products increased by 39.9%, automobiles by 31.6%, pharmaceutical products by 43.6%, chemical products by 20.7%, rubber and plastic products by 21.8%, construction materials by 14.1%, and food products by 14.7%.
Growth also continues in other sectors. Trade volume increased by 5.7%, agriculture by 4.4%, and communication services by 4.3%.
The transport and logistics sector grew by 7.1%, driven by a 14% increase in auxiliary transport services, 4.9% in rail freight, and 11.4% in road freight.
Investment in fixed assets in the first half increased by 9.6%. The most significant growth was recorded in information and communication (2.3 times), electricity supply (61.4%), manufacturing (33.3%), agriculture (24.6%), and transport (11.6%).
The Ministry of National Economy noted that the growth of non-resource sectors and high investment activity continue to support the country's economic dynamics.
Earlier, Kursiv reported that the Industrial Development Fund plans to finance projects worth 1 trillion tenge in 2026, compared to 947.8 billion tenge a year earlier. The fund's total portfolio is estimated at 2.8 trillion tenge, while in 2025 it financed 528 projects and commissioned 14 facilities worth 149.6 billion tenge.