Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013

While the world economy continues to be unsettled, economic growth in Kazakhstan has been solid. Strong domestic demand, coupled with increased oil output and favorable weather conditions, is likely to boost economic growth. An expansion of credit...

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Bibliographic Details
Main Author: World Bank
Format: Economic Updates and Modeling
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
IPO
NPL
OIL
PEG
TAX
WTO
Online Access:http://documents.worldbank.org/curated/en/2013/09/18508419/kazakhstan-solid-growth-unsettled-global-environment
http://hdl.handle.net/10986/16688
id okr-10986-16688
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
ADMINISTRATIVE PROCEDURES
AGGREGATE DEBT
AGRICULTURAL OUTPUT
AGRICULTURE
ALLOCATIVE EFFICIENCY
ASSETS
BALANCE OF PAYMENTS
BANKING SECTOR
BASE YEAR
BUDGET DEFICIT
BUDGETING
CAPACITY BUILDING
CAPITAL ADEQUACY
CAPITAL INFLOWS
CENTRAL BANK
CENTRAL BANKS
COMPETITION POLICY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
CONSOLIDATION
CONSUMER BASKET
CONSUMER CREDIT
CONSUMER LOANS
CONSUMER PRICE INFLATION
CONSUMERS
CONSUMPTION GROWTH
CREDIT EXPANSION
CREDIT GROWTH
CURRENCY
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT SURPLUS
CUSTOMS DUTY
CUSTOMS UNION
DEBT
DEPOSIT
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DOMESTIC DEMAND
DUTCH DISEASE
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC INTEGRATION
ECONOMIC RESEARCH
ECONOMIC SUSTAINABILITY
EFFICIENT REGULATION
EMERGING MARKETS
EQUIPMENT
EXCHANGE RATE
EXCHANGE RATE FLEXIBILITY
EXCHANGE RATE POLICY
EXCHANGE RATES
EXOGENOUS SHOCKS
EXPENDITURE
EXPENDITURES
EXPORT REVENUE
EXPORT REVENUES
EXPORTERS
EXPORTS
EXTERNAL BALANCE
EXTERNAL DEBT
EXTERNAL DEMAND
EXTERNAL POSITION
EXTERNAL SHOCKS
EXTERNAL TRADE
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FINANCIAL SUPPORT
FINANCIAL SUSTAINABILITY
FISCAL BALANCE
FISCAL BALANCES
FISCAL POLICY
FISCAL REFORM
FIXED ASSETS
FIXED CAPITAL
FIXED INVESTMENT
FOOD PRICE
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN INVESTMENT
FOREIGN MARKETS
FREE TRADE
FREE TRADE AGREEMENT
FREE TRADE AGREEMENTS
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL ECONOMY
GLOBAL TRADE
GOLD
GOLD RESERVES
GOVERNMENT DEBT
GOVERNMENT REVENUE
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GROWTH RATE
HUMAN CAPITAL
HUMAN DEVELOPMENT
HUMAN RESOURCE
IMPORT
IMPORTS
INCOME
INCOME GROWTH
INCOME TAX
INDUSTRIALIZATION
INFLATION
INFRASTRUCTURE DEVELOPMENT
INITIAL PUBLIC OFFERING
INSTITUTIONAL CAPACITY
INSTRUMENT
INSURANCE
INTERNATIONAL PRICES
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTMENT ACTIVITY
INVESTMENT DECISIONS
IPO
ISSUANCE
JUDICIAL SYSTEM
JUSTICE SYSTEM
LABOR FORCE
LABOR MARKET
LIQUIDITY
LOAN
LOAN PORTFOLIO
LOCAL GOVERNMENTS
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MACROECONOMIC VOLATILITY
MARKET ACCESS
MARKET ECONOMY
MARKET RATES
METALS
NATIONAL BANK
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NEGATIVE SHOCKS
NET EXPORTS
NOMINAL EXCHANGE RATES
NON-PERFORMING LOANS
NPL
OIL
OIL ECONOMY
OIL EXPORT
OIL EXPORTS
OIL PRICE
OIL PRICES
OIL REVENUE
OIL REVENUES
OIL SECTOR
PARTIAL PRIVATIZATION
PEG
PENSION
PENSION ASSETS
PENSION FUND
PENSION FUNDS
PENSION SYSTEM
PERSONAL INCOME
POLICY ENVIRONMENT
POLICY MAKERS
POPULATION GROWTH
PRICE INCREASE
PRICE INCREASES
PRICE OF OIL
PRIVATE CONSUMPTION
PRIVATE INVESTMENTS
PRODUCERS
PROPERTY TAXES
PUBLIC DEBT
PUBLIC DEBT STOCKS
PUBLIC FINANCE
PUBLIC INVESTMENT
PUBLIC SECTOR DEBT
PURCHASING POWER
PURCHASING POWER PARITY
REAL EXCHANGE RATE
REAL GDP
REGULATORY FRAMEWORK
REGULATORY PRACTICES
REGULATORY REFORM
REGULATORY SYSTEM
REMITTANCES
RESERVES
RETAINED EARNINGS
RETURN
RETURN ON ASSETS
RULE OF LAW
SECTOR REFORM
SLOWDOWN
STOCKS
STRUCTURAL REFORMS
SUSTAINABLE GROWTH
TARGET RANGE
TARIFF REVENUES
TAX
TAX RATES
TAX REGIMES
TAX SYSTEM
TERMS OF TRADE
TERRORISM
TOTAL CREDIT
TOTAL IMPORTS
TRADABLE GOODS
TRADE BALANCE
TRADE DISPUTES
TRADE DIVERSION
TRADE NEGOTIATIONS
TRADE PERFORMANCE
TRADE POLICY
TRADE REFORMS
TRADE STRATEGY
TRADE SURPLUS
TRADE SURPLUSES
TRANSPARENCY
TREATY
UNEMPLOYMENT
UNEMPLOYMENT RATE
WEIGHTS
WELFARE GAINS
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
spellingShingle ACCOUNTING
ADMINISTRATIVE PROCEDURES
AGGREGATE DEBT
AGRICULTURAL OUTPUT
AGRICULTURE
ALLOCATIVE EFFICIENCY
ASSETS
BALANCE OF PAYMENTS
BANKING SECTOR
BASE YEAR
BUDGET DEFICIT
BUDGETING
CAPACITY BUILDING
CAPITAL ADEQUACY
CAPITAL INFLOWS
CENTRAL BANK
CENTRAL BANKS
COMPETITION POLICY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
CONSOLIDATION
CONSUMER BASKET
CONSUMER CREDIT
CONSUMER LOANS
CONSUMER PRICE INFLATION
CONSUMERS
CONSUMPTION GROWTH
CREDIT EXPANSION
CREDIT GROWTH
CURRENCY
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT SURPLUS
CUSTOMS DUTY
CUSTOMS UNION
DEBT
DEPOSIT
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DOMESTIC DEMAND
DUTCH DISEASE
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC INTEGRATION
ECONOMIC RESEARCH
ECONOMIC SUSTAINABILITY
EFFICIENT REGULATION
EMERGING MARKETS
EQUIPMENT
EXCHANGE RATE
EXCHANGE RATE FLEXIBILITY
EXCHANGE RATE POLICY
EXCHANGE RATES
EXOGENOUS SHOCKS
EXPENDITURE
EXPENDITURES
EXPORT REVENUE
EXPORT REVENUES
EXPORTERS
EXPORTS
EXTERNAL BALANCE
EXTERNAL DEBT
EXTERNAL DEMAND
EXTERNAL POSITION
EXTERNAL SHOCKS
EXTERNAL TRADE
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FINANCIAL SUPPORT
FINANCIAL SUSTAINABILITY
FISCAL BALANCE
FISCAL BALANCES
FISCAL POLICY
FISCAL REFORM
FIXED ASSETS
FIXED CAPITAL
FIXED INVESTMENT
FOOD PRICE
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN INVESTMENT
FOREIGN MARKETS
FREE TRADE
FREE TRADE AGREEMENT
FREE TRADE AGREEMENTS
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL ECONOMY
GLOBAL TRADE
GOLD
GOLD RESERVES
GOVERNMENT DEBT
GOVERNMENT REVENUE
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GROWTH RATE
HUMAN CAPITAL
HUMAN DEVELOPMENT
HUMAN RESOURCE
IMPORT
IMPORTS
INCOME
INCOME GROWTH
INCOME TAX
INDUSTRIALIZATION
INFLATION
INFRASTRUCTURE DEVELOPMENT
INITIAL PUBLIC OFFERING
INSTITUTIONAL CAPACITY
INSTRUMENT
INSURANCE
INTERNATIONAL PRICES
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTMENT ACTIVITY
INVESTMENT DECISIONS
IPO
ISSUANCE
JUDICIAL SYSTEM
JUSTICE SYSTEM
LABOR FORCE
LABOR MARKET
LIQUIDITY
LOAN
LOAN PORTFOLIO
LOCAL GOVERNMENTS
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MACROECONOMIC VOLATILITY
MARKET ACCESS
MARKET ECONOMY
MARKET RATES
METALS
NATIONAL BANK
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NEGATIVE SHOCKS
NET EXPORTS
NOMINAL EXCHANGE RATES
NON-PERFORMING LOANS
NPL
OIL
OIL ECONOMY
OIL EXPORT
OIL EXPORTS
OIL PRICE
OIL PRICES
OIL REVENUE
OIL REVENUES
OIL SECTOR
PARTIAL PRIVATIZATION
PEG
PENSION
PENSION ASSETS
PENSION FUND
PENSION FUNDS
PENSION SYSTEM
PERSONAL INCOME
POLICY ENVIRONMENT
POLICY MAKERS
POPULATION GROWTH
PRICE INCREASE
PRICE INCREASES
PRICE OF OIL
PRIVATE CONSUMPTION
PRIVATE INVESTMENTS
PRODUCERS
PROPERTY TAXES
PUBLIC DEBT
PUBLIC DEBT STOCKS
PUBLIC FINANCE
PUBLIC INVESTMENT
PUBLIC SECTOR DEBT
PURCHASING POWER
PURCHASING POWER PARITY
REAL EXCHANGE RATE
REAL GDP
REGULATORY FRAMEWORK
REGULATORY PRACTICES
REGULATORY REFORM
REGULATORY SYSTEM
REMITTANCES
RESERVES
RETAINED EARNINGS
RETURN
RETURN ON ASSETS
RULE OF LAW
SECTOR REFORM
SLOWDOWN
STOCKS
STRUCTURAL REFORMS
SUSTAINABLE GROWTH
TARGET RANGE
TARIFF REVENUES
TAX
TAX RATES
TAX REGIMES
TAX SYSTEM
TERMS OF TRADE
TERRORISM
TOTAL CREDIT
TOTAL IMPORTS
TRADABLE GOODS
TRADE BALANCE
TRADE DISPUTES
TRADE DIVERSION
TRADE NEGOTIATIONS
TRADE PERFORMANCE
TRADE POLICY
TRADE REFORMS
TRADE STRATEGY
TRADE SURPLUS
TRADE SURPLUSES
TRANSPARENCY
TREATY
UNEMPLOYMENT
UNEMPLOYMENT RATE
WEIGHTS
WELFARE GAINS
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
World Bank
Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
geographic_facet Europe and Central Asia
Kazakhstan
relation Kazakhstan economic update;
description While the world economy continues to be unsettled, economic growth in Kazakhstan has been solid. Strong domestic demand, coupled with increased oil output and favorable weather conditions, is likely to boost economic growth. An expansion of credit was the key driver of growth in private consumption and investment activity in 2013. Income growth in the country had a positive impact on poverty indicators, with prosperity shared broadly. Prudent macroeconomic policy has helped the economic performance. Prospects of additional oil output with Kashagan coming on stream will help boost economic activity in the coming years and increase Kazakhstan s vulnerability to external shocks unless the country succeeds in diversifying its endowments from natural resources to stronger institutions and higher quality human capital. In his recent speech on the strategic vision Kazakhstan-2050, the President of Kazakhstan highlighted the need to diversify the endowments of the country to achieve its development objectives. He reiterated the key development priorities for the country to become one of the top 30 developed countries by 2050. Trade policy will remain a central instrument to help the country integrate into the global economy, but Kazakhstan will face a complex trade policy environment in the medium-term.
format Economic & Sector Work :: Economic Updates and Modeling
author World Bank
author_facet World Bank
author_sort World Bank
title Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
title_short Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
title_full Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
title_fullStr Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
title_full_unstemmed Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013
title_sort kazakhstan : solid growth, unsettled global environment - kazakhstan economic update, fall 2013
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2013/09/18508419/kazakhstan-solid-growth-unsettled-global-environment
http://hdl.handle.net/10986/16688
_version_ 1764433672951300096
spelling okr-10986-166882021-04-23T14:03:30Z Kazakhstan : Solid Growth, Unsettled Global Environment - Kazakhstan Economic Update, Fall 2013 World Bank ACCOUNTING ADMINISTRATIVE PROCEDURES AGGREGATE DEBT AGRICULTURAL OUTPUT AGRICULTURE ALLOCATIVE EFFICIENCY ASSETS BALANCE OF PAYMENTS BANKING SECTOR BASE YEAR BUDGET DEFICIT BUDGETING CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL INFLOWS CENTRAL BANK CENTRAL BANKS COMPETITION POLICY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSOLIDATION CONSUMER BASKET CONSUMER CREDIT CONSUMER LOANS CONSUMER PRICE INFLATION CONSUMERS CONSUMPTION GROWTH CREDIT EXPANSION CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT SURPLUS CUSTOMS DUTY CUSTOMS UNION DEBT DEPOSIT DEVELOPED COUNTRIES DEVELOPING COUNTRIES DOMESTIC DEMAND DUTCH DISEASE ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC RESEARCH ECONOMIC SUSTAINABILITY EFFICIENT REGULATION EMERGING MARKETS EQUIPMENT EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE POLICY EXCHANGE RATES EXOGENOUS SHOCKS EXPENDITURE EXPENDITURES EXPORT REVENUE EXPORT REVENUES EXPORTERS EXPORTS EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION EXTERNAL SHOCKS EXTERNAL TRADE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL BALANCE FISCAL BALANCES FISCAL POLICY FISCAL REFORM FIXED ASSETS FIXED CAPITAL FIXED INVESTMENT FOOD PRICE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FOREIGN MARKETS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL ECONOMY GLOBAL TRADE GOLD GOLD RESERVES GOVERNMENT DEBT GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCE IMPORT IMPORTS INCOME INCOME GROWTH INCOME TAX INDUSTRIALIZATION INFLATION INFRASTRUCTURE DEVELOPMENT INITIAL PUBLIC OFFERING INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTERNATIONAL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT ACTIVITY INVESTMENT DECISIONS IPO ISSUANCE JUDICIAL SYSTEM JUSTICE SYSTEM LABOR FORCE LABOR MARKET LIQUIDITY LOAN LOAN PORTFOLIO LOCAL GOVERNMENTS MACROECONOMIC PERFORMANCE MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET ACCESS MARKET ECONOMY MARKET RATES METALS NATIONAL BANK NATURAL CAPITAL NATURAL RESOURCE NATURAL RESOURCES NEGATIVE SHOCKS NET EXPORTS NOMINAL EXCHANGE RATES NON-PERFORMING LOANS NPL OIL OIL ECONOMY OIL EXPORT OIL EXPORTS OIL PRICE OIL PRICES OIL REVENUE OIL REVENUES OIL SECTOR PARTIAL PRIVATIZATION PEG PENSION PENSION ASSETS PENSION FUND PENSION FUNDS PENSION SYSTEM PERSONAL INCOME POLICY ENVIRONMENT POLICY MAKERS POPULATION GROWTH PRICE INCREASE PRICE INCREASES PRICE OF OIL PRIVATE CONSUMPTION PRIVATE INVESTMENTS PRODUCERS PROPERTY TAXES PUBLIC DEBT PUBLIC DEBT STOCKS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SECTOR DEBT PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE REAL GDP REGULATORY FRAMEWORK REGULATORY PRACTICES REGULATORY REFORM REGULATORY SYSTEM REMITTANCES RESERVES RETAINED EARNINGS RETURN RETURN ON ASSETS RULE OF LAW SECTOR REFORM SLOWDOWN STOCKS STRUCTURAL REFORMS SUSTAINABLE GROWTH TARGET RANGE TARIFF REVENUES TAX TAX RATES TAX REGIMES TAX SYSTEM TERMS OF TRADE TERRORISM TOTAL CREDIT TOTAL IMPORTS TRADABLE GOODS TRADE BALANCE TRADE DISPUTES TRADE DIVERSION TRADE NEGOTIATIONS TRADE PERFORMANCE TRADE POLICY TRADE REFORMS TRADE STRATEGY TRADE SURPLUS TRADE SURPLUSES TRANSPARENCY TREATY UNEMPLOYMENT UNEMPLOYMENT RATE WEIGHTS WELFARE GAINS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO While the world economy continues to be unsettled, economic growth in Kazakhstan has been solid. Strong domestic demand, coupled with increased oil output and favorable weather conditions, is likely to boost economic growth. An expansion of credit was the key driver of growth in private consumption and investment activity in 2013. Income growth in the country had a positive impact on poverty indicators, with prosperity shared broadly. Prudent macroeconomic policy has helped the economic performance. Prospects of additional oil output with Kashagan coming on stream will help boost economic activity in the coming years and increase Kazakhstan s vulnerability to external shocks unless the country succeeds in diversifying its endowments from natural resources to stronger institutions and higher quality human capital. In his recent speech on the strategic vision Kazakhstan-2050, the President of Kazakhstan highlighted the need to diversify the endowments of the country to achieve its development objectives. He reiterated the key development priorities for the country to become one of the top 30 developed countries by 2050. Trade policy will remain a central instrument to help the country integrate into the global economy, but Kazakhstan will face a complex trade policy environment in the medium-term. 2014-01-29T21:26:53Z 2014-01-29T21:26:53Z 2013-10 http://documents.worldbank.org/curated/en/2013/09/18508419/kazakhstan-solid-growth-unsettled-global-environment http://hdl.handle.net/10986/16688 English en_US Kazakhstan economic update; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia Kazakhstan