Kazakhstan’s foreign trade turnover reaches $126 billion in 2023

Kazakhstan’s foreign trade turnover reaches $126 billion in 2023

Kazakhstan’s economic growth exceeded five percent in 2023. Prime Minister Alikhan Smailov reported to President Kassym-Jomart Tokayev on the key outcomes of the country's development over the past year and the implementation of reforms in the socio-economic sphere. Notably, the investment volume in fixed capital surged to $39.5 billion, with approximately $20 billion in foreign direct investments attracted during the first nine months of 2023. The foreign trade turnover amounted to $126 billion. Smailov also briefed the Head of State on the implementation of the single pool of investment projects. Last year, 298 projects were launched, and plans for 2024 include the implementation of 326 additional projects, including 180 in the manufacturing industry. Furthermore, he outlined measures to expand entrepreneurship and enhance the investment climate. Updates on the progress of reforms in the energy and construction sectors, as well as the development of healthcare and tourism, were also shared. Following the meeting, President Tokayev gave a number of instructions for the country’s further socio-economic development.