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    Kazakhstan Index 2006

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    Kazakhstan Economy - 2006
    https://theodora.com/wfbcurrent/kazakhstan/kazakhstan_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Kazakhstan, the largest of the former Soviet republics in territory, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals. It also has a large agricultural sector featuring livestock and grain. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources and also on a growing machine-building sector specializing in construction equipment, tractors, agricultural machinery, and some defense items. The breakup of the USSR in December 1991 and the collapse in demand for Kazakhstan's traditional heavy industry products resulted in a short-term contraction of the economy, with the steepest annual decline occurring in 1994. In 1995-97, the pace of the government program of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector. Kazakhstan enjoyed double-digit growth in 2000-01 - 9% or more per year in 2002-05 - thanks largely to its booming energy sector, but also to economic reform, good harvests, and foreign investment. The opening of the Caspian Consortium pipeline in 2001, from western Kazakhstan's Tengiz oilfield to the Black Sea, substantially raised export capacity. Kazakhstan also has begun work on an ambitious cooperative construction effort with China to build an oil pipeline that will extend from the country's Caspian coast eastward to the Chinese border. The country has embarked upon an industrial policy designed to diversify the economy away from overdependence on the oil sector by developing light industry. The policy aims to reduce the influence of foreign investment and foreign personnel. The government has engaged in several disputes with foreign oil companies over the terms of production agreements; tensions continue. Upward pressure on the local currency continued in 2005 due to massive oil-related foreign-exchange inflows.

      GDP (purchasing power parity):
      $133.2 billion (2005 est.)

      GDP (official exchange rate):
      $42.75 billion (2005 est.)

      GDP - real growth rate:
      9% (2005 est.)

      GDP - per capita (PPP):
      $8,800 (2005 est.)

      GDP - composition by sector:
      agriculture: 7.8%
      industry: 40.4%
      services: 51.8% (2005 est.)

      Labor force:
      7.85 million (2005 est.)

      Labor force - by occupation:
      agriculture: 20%
      industry: 30%
      services: 50% (2002 est.)

      Unemployment rate:
      7.6% (2005 est.)

      Population below poverty line:
      19% (2004 est.)

      Household income or consumption by percentage share:
      lowest 10%: 3.3%
      highest 10%: 26.5% (2004 est.)

      Distribution of family income - Gini index:
      31.5 (2003)

      Inflation rate (consumer prices):
      7.4% (2005 est.)

      Investment (gross fixed):
      22% of GDP (2005 est.)

      Budget:
      revenues: $12.19 billion
      expenditures: $12.44 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      9.8% of GDP (2005 est.)

      Agriculture - products:
      grain (mostly spring wheat), cotton; livestock

      Industries:
      oil, coal, iron ore, manganese, chromite, lead, zinc, copper, titanium, bauxite, gold, silver, phosphates, sulfur, iron and steel; tractors and other agricultural machinery, electric motors, construction materials

      Industrial production growth rate:
      10.7% (2005 est.)

      Electricity - production:
      60.33 billion kWh (2003)

      Electricity - consumption:
      52.55 billion kWh (2003)

      Electricity - exports:
      6 billion kWh (2003)

      Electricity - imports:
      2.45 billion kWh (2003)

      Oil - production:
      1.3 million bbl/day (2005 est.)

      Oil - consumption:
      221,000 bbl/day (2003 est.)

      Oil - exports:
      890,000 bbl/day (2003)

      Oil - imports:
      47,000 bbl/day (2003)

      Oil - proved reserves:
      26 billion bbl (1 January 2004)

      Natural gas - production:
      18.5 billion cu m (2004 est.)

      Natural gas - consumption:
      15.2 billion cu m (2004 est.)

      Natural gas - exports:
      4.1 billion cu m (2004 est.)

      Natural gas - imports:
      NA cu m

      Natural gas - proved reserves:
      3 trillion cu m (1 January 2004)

      Current account balance:
      $3.343 billion (2005 est.)

      Exports:
      $30.09 billion f.o.b. (2005 est.)

      Exports - commodities:
      oil and oil products 58%, ferrous metals 24%, chemicals 5%, machinery 3%, grain, wool, meat, coal (2001)

      Exports - partners:
      Russia 15.1%, Bermuda 13.8%, Germany 11%, China 9.9%, France 6.6%, Italy 4.1% (2004)

      Imports:
      $17.51 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and equipment 41%, metal products 28%, foodstuffs 8% (2001)

      Imports - partners:
      Russia 34.6%, China 15.4%, Germany 8.2%, France 5.7%, Ukraine 4.6% (2004)

      Reserves of foreign exchange and gold:
      $11.13 billion (2005 est.)

      Debt - external:
      $32.7 billion (2005 est.)

      Economic aid - recipient:
      $74.2 million in US assistance programs, 1992-2000 (FY2004)

      Currency (code):
      tenge (KZT)

      Exchange rates:
      tenge per US dollar - 132.88 (2005), 136.04 (2004), 149.58 (2003), 153.28 (2002), 146.74 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Kazakhstan on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kazakhstan Economy 2006 information contained here. All suggestions for corrections of any errors about Kazakhstan Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/kazakhstan/kazakhstan_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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