Lucintel Estimates Kazakhstan’s Economy to Reach $365 Billion by 2018

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Lucintel Estimates Kazakhstan’s Economy to Reach $365 Billion by 2018

Insights that Matter

Insights that Matter

Kazakhstan is classified as an upper-middle income economy in Eastern Europe and Central Asia. The country’s economy is estimated to grow to $365 billion by 2018. Economic growth in Kazakhstan is primarily driven by domestic demand and high growth in exports. Private consumption and investments have boosted the economy during the last decade. The country’s economy decelerated against the backdrop of weak external demand and poor performance in mining and construction.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the various risk factors associated with the country and presents its findings in “PESTLE Analysis of Kazakhstan 2013”. The report provides an in-depth analysis of the economy of Kazakhstan. It includes the analysis of the macroeconomy of Kazakhstan, political scenario, and social and technological analysis. This report provides knowledge on leading and emerging industries.

As per the study, Kazakhstan is heavily dependent on oil exports. This overdependence may lead to economic instability due to frequently fluctuating oil prices in international markets. The country’s high corruption rate compared to India, China, and the US leads to unethical business practices, which affect the business environment of the country.

The study reveals that the country’s unique geographic location at the crossing of Europe and Asia make it an important transit point for traffic moving between significant markets in Europe and Asia. The country has great potential for mining as it has rich reserves of oil, gas, uranium, zinc, tungsten, barium, silver, lead, chrome, copper, fluorites, molybdenum, and gold.

This study is intended to provide industry leaders with insight and understanding of the county as portrayed by the PESTLE analysis. This report analyzes the impact of different macroeconomic indicators of the country on various industries. It includes the impact of socio-political-demographical changes on different markets within the country. This report analyzes domestic and external economic trends, government policies, technological changes, and their impact on different industries.

The market reports also provides a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis and an examination of the past, present, and future economic policies of Kazakhstan.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit

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Joseph E. Fritz
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