Bureau of National statistics
Agency for Strategic planning and reforms of the Republic of Kazakhstan
    Key indicators
    50 972 953,8 million
    The Gross Domestic Product by final expenditure method in January-June 2024 amounted to 50 972 953,8 million tenge.
    3,2%
    GDP increased by 3,2% in real terms compared to the corresponding period last year.
    52 342 740,3 million
    GDP by production method in January-June 2024 amounted to 52 342 740,3 million tenge.
    1 369 786,5 million
    The statistical discrepancy between GDP methods of production and end use was 1369786,5 million tenge or 2,6% of GDP.
    GDP by use components
    GDP by final use method for January-June 2024
    At current prices,
    million tenge
    To the previous year, in percent In percentages to the end
    IPV deflator
    Final consumption expenditure 31 333 706,1 103,2 108,6 61,6
    households 24 562 735,8 105,6 108,7 48,3
    government bodies 6 517 681,6 94,8 108,1 12,8
    for individual goods and services 3 852 681,7 98,1 109,0 7,6
    for collective services 2 664 999,9 90,6 106,8 5,2
    non-profit organizations serving households 253 288,7 112,0 110,1 0,5
    Gross capital formation 14 521 202,4 98,7 104,5 28,4
    gross fixed capital formation 11 748 911,2 99,6 104,6 23,0
    change in inventories 2 772 291,2 - 104,0 5,4
    Net export 5 118 045,3 - - 10,0
    export of goods and services 20 389 874,2 101,2 101,5 40,0
    import of goods and services 15 271 828,9 96,6 99,3 30,0
    Gross domestic product by end use method 50 972 953,8 103,2 107,4 100,0
    Gross domestic product by production method 52 342 740,3 103,2 107,4 -
    Statistical discrepancy* 1 369 786,5 - - -
    *Statistical discrepancy is the difference between gross domestic product calculated by the production method and the final expenditure method.

    In the structure of GDP by use components for January-June 2024 and the share of expenditures on final consumption amounted to 61,6 %, gross capital formation – 28,4%, net exports – 10%.

    Compared to the corresponding period last year, in real terms there is an increase in the final consumption expenditure component by 3,2% due to an increase in household final consumption expenditure by 5,6% and a decrease in general government expenditure by (-5,2)%.

    Gross fixed capital formation shows a decrease of (-0,4)% compared to the corresponding period last year.

    Glossary

    Gross domestic product (GDP) - one of the most important indicators of the system of national accounts, characterizing the final result of the country's economic activity.

    Contribution - the value of the influence of the percentage change in the indicator on the total value of GDP.

    Final consumption - the consumption of goods and services fully used by individual households or society as a whole to satisfy their individual or collective needs and requirements.

    Gross capital formation - the total value of gross fixed capital formation, changes in inventories and acquisitions of valuables less their disposal.

    Methodological notes

    Gross domestic product calculated using the final expenditure method is the sum of all economic sectors' expenditures on final consumption, gross capital formation and net exports.


    Release responsible:
    Department of National Accounts
    Department Director:
    Nakipbekov A.E.
    Tel. +7 7172 74 97 17
    Executor:
    Isabekova A.S., Serik D.A.
    Tel. +7 7172 74 96 76
    Email : aig.isabekova@aspire.gov.kz; d.serik@aspire.gov.kz
    Address:
    010000. Astana city
    Mangilik el avenue, 8
    House of Ministries, entrance 4