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Kazakhstan's GDP grows 6% in 11 months

19 december 2013, 14:36
Metal production. ©tengrinews.kz
Metal production. ©tengrinews.kz
Kazakhstan's GDP has grown 6% in real terms during the period from January to November 2013, the press-service of the Statistics Agency of Kazakhstan told Tengrinews.

Growth of the short-term economic indicator (based on key industries of Kazakhstan that are responsible for 67-68% of the GDP: agriculture, manufacturing industry, construction, trade, transport and communication ) in 11 months of this year made 5.1%.

Capital investments made $34 billion in January-November 2013, which is 8.7% more than in the 11 months of last year in real terms.

Industrial production in January-November 2013 made $107 billion in current prices, which 2.3% more than in 11 months of 2012 in real terms.

Recently, Minister of Economy and Budget Planning of Kazakhstan Yerbolat Dosayev announced that GDP growth in Kazakhstan made 5.8% in the January-October of 2013 and was expected to reach the 6% target by the end the year.

Kazakhstan has to increase its GDP 5-fold to achieve its goal of joining the Top 30 most competitive countries of the world.

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