Kazakh average GDP rate reaches 8% in first decade of 21st century

The Kazakh GDP rate reached 7.5%, according to statistics of 2011. The rating was made by Ernst & Young and Oxford Economics. Kazakhstan entered the top three leaders of the rating with the highest GDP rate for 2000-2010. The average economic growth rate of the period totaled 8%, News Kazakhstan reports.

According to the Kazakh Statistical Agency, the GDP rate growth is caused by increase of input of agricultural, forest and fishing industry by 26.7%, industry by 3.3%, increase of wholesale and retail trade by 14.5%, information and communication services by 18.7%, transport and stockpiling by 6.8%.

The Ministry for Economic Development and Trade said that economic activity was boosted by realization of the Industrialization Map, starting in 2011. Realization of the Industrialization Plan and the Business Road Map-2020 reached 2% of the GDP in 2011.