Publication:
Kazakhstan - On the Crest of the Oil Wave: Kazakhstan Economic Update, Spring 2013

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dc.contributor.authorSarsenov, Ilyas
dc.contributor.authorMadani, Dorsati
dc.date.accessioned2015-07-08T20:24:28Z
dc.date.available2015-07-08T20:24:28Z
dc.date.issued2013-03-31
dc.description.abstractEconomic growth slowed in 2012 due to capacity constraints in the oil sector, weaker global demand for metals, and unfavorable weather conditions affecting crop production. Overall, industrial output expanded by 0.5 percent in 2012, with negligible contribution to Gross Domestic Product (GDP) growth for the year. Against the decline of agriculture, and little change in industry overall, real GDP growth was supported by a 10 percent year/year growth of the services sector in 2012. Higher export revenues supported strong domestic demand for trade and transportation, as well as for other non-tradable services. High oil prices continued spurring domestic consumption while fixed capital investments remained depressed. Private consumption remains the main contributor to GDP growth as it has been growing by 9-10 percent a year since 2010, supported by favorable commodity prices and high oil export revenue. Exports of oil largely influence the composition of Kazakhstans trading partners, while membership in the customs union appears to be affecting composition of imports. The European Union (EU) maintains the first place among trading partners of Kazakhstan, mainly due to large imports of oil and other mineral resources from Kazakhstan. Overall, employment creation continues to be driven by the services sector. Kazakhstan growth has been pro-poor, driven by job creation and real income gains. However, income disparity, which had improved up to 2009, has worsened slightly due to the crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/03/18457759/kazakhstan-crest-oil-wave
dc.identifier.doi10.1596/22126
dc.identifier.urihttps://hdl.handle.net/10986/22126
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesKazakhstan economic update;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCING
dc.subjectAGRICULTURE
dc.subjectASSET MANAGEMENT
dc.subjectBALANCE DUE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEET
dc.subjectBANK LENDING
dc.subjectBANK LIQUIDITY
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBASIS POINTS
dc.subjectBUDGET
dc.subjectBUDGET SURPLUS
dc.subjectBUDGET SURPLUSES
dc.subjectBUDGETING
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER CHOICE
dc.subjectCONSUMPTION
dc.subjectCONTRACTS
dc.subjectCREDIT RATING
dc.subjectCREDITOR
dc.subjectCURRENCY
dc.subjectCURRENCY REGULATIONS
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT RESTRUCTURING
dc.subjectDECENTRALIZATION
dc.subjectDEMAND
dc.subjectDEMAND DEPOSITS
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIRECT INVESTMENTS
dc.subjectDISCOUNT
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC SECURITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC RESEARCH
dc.subjectENABLING ENVIRONMENT
dc.subjectENTERPRISES
dc.subjectENTREPRENEURSHIP
dc.subjectEQUIPMENT
dc.subjectEQUITY
dc.subjectEXCESS SUPPLY
dc.subjectEXCHANGE
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCE
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFISCAL POLICY
dc.subjectFISCAL YEAR
dc.subjectFIXED CAPITAL
dc.subjectFIXED INVESTMENT
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN INVESTOR
dc.subjectFREE TRADE
dc.subjectFUTURE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOOD
dc.subjectGOODS
dc.subjectGOVERNANCE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT INVESTMENTS
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SECURITIES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH PROJECTIONS
dc.subjectGUARANTEE
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectINCENTIVES
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINDUSTRIALIZATION
dc.subjectINDUSTRY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLUENCE
dc.subjectINFRASTRUCTURE
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINITIAL PUBLIC OFFERINGS
dc.subjectINPUTS
dc.subjectINSOLVENCY REGIME
dc.subjectINSTRUMENT
dc.subjectINSTRUMENTS
dc.subjectINSURANCE
dc.subjectINSURANCE CORPORATION
dc.subjectINTEREST
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTERESTS
dc.subjectINVESTING
dc.subjectINVESTMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT FUND
dc.subjectINVESTORS
dc.subjectIPO
dc.subjectJUDICIAL SYSTEM
dc.subjectLABOR
dc.subjectLABOR MARKET
dc.subjectLEGISLATION
dc.subjectLENDING
dc.subjectLIABILITIES
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOCAL BANKS
dc.subjectLOCAL GOVERNMENT
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMICS
dc.subjectMARKET
dc.subjectMARKET ECONOMY
dc.subjectMARKET INDEX
dc.subjectMARKET INFORMATION
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET SIZE
dc.subjectMARKETS
dc.subjectMATURITY
dc.subjectMEASUREMENT
dc.subjectMERITOCRACY
dc.subjectMICROFINANCE
dc.subjectMIGRATION
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONEY
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL BANK
dc.subjectNATURAL MONOPOLIES
dc.subjectNATURAL RESOURCES
dc.subjectNET EXPORTS
dc.subjectNON-PERFORMING LOANS
dc.subjectNPL
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL RESERVES
dc.subjectOPTIONS
dc.subjectOUTCOMES
dc.subjectOUTSTANDING CREDIT
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION REFORM
dc.subjectPENSION RIGHT
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEM REFORM
dc.subjectPENSIONS
dc.subjectPOOR ASSET QUALITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPOVERTY
dc.subjectPRICE INCREASES
dc.subjectPRIVATE BANK
dc.subjectPRIVATE INVESTMENTS
dc.subjectPROBLEM LOANS
dc.subjectPRODUCTION
dc.subjectPROPERTY
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPURCHASING POWER
dc.subjectRATE OF RETURNS
dc.subjectRATES OF RETURN
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL INCOME
dc.subjectRELIGIOUS SOCIETY
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectREVENUE
dc.subjectREVENUES
dc.subjectRISK AVERSION
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSECURITY
dc.subjectSERVICES
dc.subjectSHARE
dc.subjectSHARES
dc.subjectSTOCK
dc.subjectSWAP
dc.subjectTARIFF
dc.subjectTARIFF BARRIERS
dc.subjectTARIFFS
dc.subjectTAX EXEMPTIONS
dc.subjectTAX RATES
dc.subjectTAXES
dc.subjectTOTAL REVENUE
dc.subjectTRADE BALANCE
dc.subjectTRADE BARRIERS
dc.subjectTRADE DIVERSION
dc.subjectTRADE POLICY
dc.subjectTRADING
dc.subjectTRUSTS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUTILITY
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWITHDRAWALS
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleKazakhstan - On the Crest of the Oil Waveen
dc.title.subtitleKazakhstan Economic Update, Spring 2013en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2013-04-22
okr.date.doiregistration2025-05-07T08:45:28.714465Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2013/03/18457759/kazakhstan-crest-oil-wave
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid264181468292882091
okr.identifier.externaldocumentum000456288_20131030082259
okr.identifier.internaldocumentum18457759
okr.identifier.report76843
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/30/090224b0828b5d70/_/Rendered/PDF/768430WP0Kazak00Box374391B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.topicEnergy::Oil & Gas
okr.topicEnvironment::Environmental Economics & Policies
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Modeling and Statistics
okr.unitMacroeconomics 1 (ECSP1)
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