Kazakhstan has finalized its operational economic results for 2025. According to data calculated using the production method, real GDP growth reached 6.5% compared to the previous year, Zakon.kz reports.
Drivers of Economic Growth
Economic expansion in 2025 was well-balanced. Real output of goods increased by 8.7%, the services sector grew by 5.2%, and taxes on products rose by 5.5%.
According to the Bureau of National Statistics, the total GDP for January–December amounted to 159.5 trillion tenge. In U.S. dollar terms (at the National Bank’s average exchange rate), the country’s economy is valued at $305.9 billion.
GDP Structure: Manufacturing Surpasses Mining
In the final economic structure, the share of services stood at 57.7%, the production of goods at 36.1%, and taxes at 6.2%.
A notable trend this year was the shift in weight within the industrial sector:
- Total Industry: 26.3% of GDP.
- Manufacturing Industry: 12.7%.
- Mining Industry: 11.9%.
The fact that manufacturing's share exceeded that of mining indicates a strengthening non-commodity sector, although the raw materials segment still plays a critical role in the economy.
Top Growing Industries
The highest nominal growth rates in 2025 were demonstrated by:
- Finance and Insurance: +24.1%
- Transport and Warehousing: +22.9%
- Manufacturing Industry: +19.7%
- Construction: +18.2%
- Trade and Auto Repair: +17.6%
Budget and National Fund: Shifting Away from Oil
GDP growth directly impacted state revenues, with 26.9 trillion tenge collected in taxes (+14.5% compared to 2024). VAT and Corporate Income Tax were the primary contributors. Meanwhile, tax revenues to the National Fund from the oil sector decreased slightly due to global commodity prices, confirming a gradual shift in the budget toward non-oil sources.
Historical Context and Outlook
Following the 2020 downturn (-2.4%) and the recovery period of 2021–2024, the 2025 results signal Kazakhstan's entry onto a trajectory of sustainable expansion. The economy is now supported by a combination of industrial production, construction, and the services sector.
Despite positive shifts toward manufacturing, diversification remains a key task for the coming years. It is worth noting that by the end of the year, Kazakhstan moved significantly closer to the top 50 countries in the world for economic complexity.
CentralasianLIGHT.org
February 18, 2026