Bureau of National Statistics
of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan
    Key indicators
    18 513.2 billion
    In January-November 2025, the volume of investments in fixed capital amounted to 18513.2 billion tenge, which is 13.3% more than in January-November 2024 (in comparable prices).

    At the same time, the increase in the IPV of investments in fixed capital is observed in Akmola (by 52.3%), Pav-lodar (by 50.1%), Zhambyl (by 33.1%), Almaty (by 26%), Aktobe (by 25.3%) regions, in Astana city (by 23.6%), Turki-stan (by 23%) and Almaty city (by 19.1%).

    Decrease in the IPV of investments in fixed capital was observed in Atyrau by (21.1%) and Karagandy (by 12.9%) regions.

    Dynamics of investment in fixed capital

    A significantshare of investments falls on the city Astana (11.5%) and the city of Almaty (10.4%).

    Indices of the physical volume of investment in fixed capital
    November 2025 to January-November 2025 to January-November 2024
    October 2025 November 2024
    Republic of Kazakhstan 118.0 114.2 113.3
    Abay 151.1 147.9 104.6
    Akmola 88.0 132.0 152.3
    Aktobe 106.8 96.7 125.3
    Almaty 270.6 191.6 126.0
    Atyrau 187.5 180.8 78.9
    Batys Kazakhstan 217.0 230.1 117.2
    Zhambyl 72.7 90.8 133.1
    Zhetisu 82.8 76.9 110.4
    Karagandy 77.3 37.6 87.1
    Kostanay 168.0 121.9 107.8
    Kyzylorda 97.4 127.6 117.5
    Mangystau 112.3 85.1 105.4
    Pavlodar 50.7 147.9 150.1
    Soltustik Kazakhstan 113.2 162.4 111.9
    Turkistan 136.5 117.2 123.0
    Ulytau 99.5 124.8 105.9
    Shygys Kazakhstan 150.5 107.2 113.2
    Astana city 78.1 79.9 123.6
    Almaty city 142.0 137.7 119.1
    Shymkent city 153.2 112.0 106.1

    About half of the national volume of capital investments is carried out by large and medium-sized enterprises.

    Investments in fixed capital by enterprise dimension
    Thousand tenge
      Mastered investments in fixed capital Including
    small enterprises medium-sized enterprises large enterprises
    January–November 2024 15 758 029 477 9 087 382 295 1 406 072 544 5 264 574 638
    January–November 2025 18 513 169 504 10 930 779 677 1 833 396 894 5 748 992 933

    67.5% of the total costs for works on construction and capital repairs of buildings and constructions, 28% of the total amount is for the purchase of machinery, equipment and vehicles.

    The predominant sources of investment financing remain the own funds of economic entities, the volume of which in January-November 2025 amounted to 11602.3 billion tenge or 62.7% of the total.

    Budget funds accounted for 22.6% of the total investment in fixed capital, while compared with in January-November 2024 in creased by 27.1%.

    For the banking sector the financing of the real sector of the economy in the total volume of investments in fixed capital takes 4.3%.

    Investments in fixed capital by source of financing
      January-November 2025 Info: January-November 2024 as a percentage of total
    thousand tenge as a percentage of the total
    Investments in fixed capital 18 513 169 504 100.0 100.0
    including at the expense of funds:
    State budget 4 180 353 299 22.6 20.2
    Own funds 11 602 333 834 62.7 65.7
    Bank loans 795 580 931 4.3 3.9
    of them:
    loans from foreign banks 105 476 426 0.6 0.9
    Other borrowed funds 1 934 901 440 10.4 10.2
    of them:
    borrowed funds of non-residents 568 078 299 3.1 3.1

    A main share of investments in fixed capital in January-November 2025 accounted for industry (38.8%) (including mining and quarrying–14.9%, manufacturing industry–10.9%), operations with real estate (18.8%), transport and warehousing (17.7%), education (6.1%) and Agriculture, forestry and fisheries (5.1%).

    Investments in fixed capital by areas of use
    Investments in fixed capital, thousand tenge In % by January-November 2024 Share in the total volume of investments, as a percentage
    Total 18 513 169 504 113.3 100.0
    Including:
    Agriculture, forestry and fisheries 945 384 938 124.1 5.1
    Industry 7 176 785 758 109.8 38.8
    Including:
    Mining and quarrying 2 750 424 495 83.8 14.9
    Manufacturing industry 2 021 527 066 120.7 10.9
    Supply of electricity, gas, steam, hot water and air conditioning 1 653 926 070 157.9 8.9
    Water supply; collection, treatment and disposal of waste, activities for the elimination of pollution 750 908 119 145.3 4.1
    Construction 132 016 058 102.4 0.7
    Wholesale and retail trade; car and motorcycle repair 395 074 225 113.8 2.1
    Transport and warehousing 3 280 167 348 113.3 17.7
    Provision of accommodation and food services 192 847 180 131.5 1.0
    Information and communication 342 761 733 124.5 1.9
    Financial and insurance activities 256 119 781 182.8 1.4
    Operations with real estate 3 483 717 910 110.3 18.8
    Professional scientific and technical activities 61 009 787 51.7 0.3
    Administrative and support services activities 146 992 180 93.8 0.8
    Public administration and defense; compulsory social security 178 951 425 155.2 1.0
    Education 1 138 291 133 131.6 6.1
    Healthcare and social services for the population 393 511 660 123.5 2.1
    Arts, entertainment and recreation 357 189 025 141.7 1.9
    Provision of other types of services 32 349 362 117.5 0.2
    Glossary

    Investments in fixed capital - investments in order for investors to obtain an economic, social or environmental ef-fect in the case of new construction, as well as expansion, reconstruction and modernization of facilities (which lead to an increase in the initial cost of the facility), the purchase of machinery, equipment, vehicles, for the formation of the main herd, perennial plantings, etc.

    The costs of construction and installation works and capital repairs include the costs of a complex of works on the construction of buildings and structures, expansion, reconstruction, installation of energy, technological and other equip-ment, as well as the costs of capital repairs of non-residential, residential buildings and structures.

    The cost of purchasing machinery and equipment - an element of the technological structure of investments, in-cluding the cost of purchasing machinery, vehicles, equipment.

    Other costs in the volume of investments in fixed capital – the costs of design and survey work, supervision, maintenance of directorates of objects under construction, the costs of cultivated biological costs, as well as the costs of objects created or acquired by organizations used in economic activity for more than one year, having a monetary valua-tion, having the ability to alienate and generating income, but which are not material values.

    The index of the physical volume of investments in fixed capital characterizes the change in investment invest-ments in dynamics, is determined by the ratio of the volume of investments in fixed capital in the reporting and compared period at comparable prices

    Methodological explanations

    Statistical information on investments in fixed capital is formed on the basis of primary statistical data of national statistical observations of economic entities engaged in investment activities (regardless of the number of employees and type of economic activity) and national statistical observations on the commissioning of facilities by individual developers.

    Accounting of investment investments is provided at the place of actual implementation, regardless of the place of registration of the economic entity engaged in investment activities.

    Operational data on investments in fixed capital, formed on a monthly basis, are updated with annual data.

    By types of economic activity, data on investments in fixed capital are formed according to the direction of use (depends on the nature of the direction of investment (end use) and by the type of economic activity of the investor.

    More detailed methodological explanations are available at the following link:

    Methodology for the formation of indicators of investment activity statistics

    Release responsible:
    Department of Production and Environment statistics
    Department Director:
    A.Isabekova
    Tel: +7 7172 749056
    Executor:
    N.Kairbekova
    Tel. +7 7172 749317
    E-mail: Na.Kairbekova@aspire.gov.kz
    Address:
    010000, Astana city
    Mangilik el avenue, 8
    House of Ministries, Entrance 4