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The economic development of Kazakhstan slowed down - National Bank

The economic development of Kazakhstan slowed down - National Bank

According to the period of January-November 2015 the indicator of the economy declined to 100,4% than in the same period of previous year, Press Service of National Bank reported.

The quick economic development of country went down because of the reduction of volume in the mining industry and carriage of goods. Moreover, the drop of import and export lines was the cause of the cut of foreign trade turnover.

Foreign trade decreased to 36,9% in the period of January-October 2015 (export went down for 42,9%, import to 24,9%). According to October 2015, foreign trade reduced to the number of 42,0% matching with the analogical period of previous year.

In general, export of the country includes mineral products (72,5% in January-October 2015) and import composes cars, different types of equipment, spare parts for cars and instruments (40,4%).

During the period of January-October 2015, the volume of export to the countries of Eurasian Economic Union dips to drop for 30,1% than in the same period of 2014. And import decreased to 24,9%.

Photo: kapital.kz

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