Kazakhstan's GDP grew by 4.1% in January-July 2026, despite a sharp decline in oil production to 53.2 million tons, reports infohub.kz.
According to the Ministry of National Economy, the economic growth was driven by the non-oil sector, which expanded by 5.4% over the seven months.
The manufacturing industry remains a key segment of Kazakhstan's economy, showing robust growth of 9.0%. Leaders in manufacturing growth included machinery (22%), food production (13.9%), chemicals (26.9%), pharmaceuticals (38.5%), construction materials (9.4%), fabricated metal products (35%), construction (15.3%), transport and warehousing (7.4%), trade (5.9%), agriculture (5%), and communications (4.3%).
The ministry noted that in previous years, economic growth was highly dependent on the dynamics of the commodity sector: a slowdown in oil production constrained GDP growth, while acceleration gave a strong impetus to growth.
However, thanks to economic diversification in recent years, the role of the oil sector has significantly decreased: the share of oil production in GDP structure by the end of 2025 fell to 7.8%.
Earlier, Kursiv reported that Kazakhstan could have lost $700 million in a month due to attacks on CPC.