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| In general the development of Kazakh economy may be characterized as dynamic and rapid. |
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| The President of the Republic of Kazakhstan with the support of the Government developed a program of strategic development named “Kazakhstan 2030,” where he has set forth the main directions of development and ways to achieve high level of prosperity. |
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| As for the growth of the main macroeconomic showings, it is stunning. For example, “out of 117 countries of the world Kazakhstan holds 61st place according to the level of competitiveness, leaving behind all CIS countries. Today Kazakhstan sets itself a more ambitious goal – being among 50 most competitive countries in the world in the nearest future.” |
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| In 2006 the GDP of Kazakhstan increased by 10,6%, with the per capita income passed by 120 US$ to more than 500 US$. |
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| In Kazakhstan in the third period of 2006 the level of official unemployment came to 7,5% of economically active population, contra 7,8% of the third period of 2005. |
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| According of the statistic agency number of person who standing on the registration in occupation of unemployment at the end of October 2006 was 86,9 thousand people, 15% less than the corresponding period of the previous year. Moreover, an important showing of economic stability is the stability in banking sector. |
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| Total own capital of kazakh banks of January 1, 2007 was 879,5 billion tenge (about 7 billion US$). Total volume of deposits of residences in the bank system increased since beginning of the 2006 per 63,8% - to 2708,7 billion tenge. Deposits of population (with accounting of non residences) in bank of January-October 2006 per 47,3% – to 879,4 billion tenge.
Since last 5 years credits of the banks in the economic sphere have grown more than 8 times and came to 37,3 billion US$, which forms 48% of GDP. |
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| “Standard & Poor’s” rating agency, after comparing the banking systems of CIS countries, noted that Kazakhstan is already gaining economic returns from banking sector reform. Kazakhstan is included by the World Bank into the list of 20 countries that are most attractive for investment. |
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| Today Kazakhstan has a high rating of investment environment from all biggest international rating agencies. This can be considered as an acknowledgement and evaluation of created favorable conditions for business development, including financial sector. |
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| The growth of straight foreign invests steel keeping on the high level. |
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| Kazakhstan is included by the World Bank into the list of 20 countries that are most attractive for investment. Today Kazakhstan has a high rating of investment environment from all biggest international rating agencies. This can be considered as an acknowledgement and evaluation of created favorable conditions for business development, including financial sector. |
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