Since 2002, Kazakhstan has en-joyed strong economic development, with the World Bank report-ing a sixfold increase in gross domestic product (GDP) in this time to $159.4bn in 2017. However, this pales in comparison to 2013’s GDP of $236.6bn, before the drop in oil prices hit the economy.
Kazakhstan witnessed economic growth of 4.1% in the first half of 2018, on the back of its oil production, which grew by 6.2% when compared with the same period of 2017. Both the service sector and agriculture also grew, although infrastructure was flat. However, having learned how essential diversification is, Kazakhstan is now broadening its focus.
