Kazakhstan has ranked among the world’s higher-performing countries for investment activity, according to data from the World Bank, as the government seeks to sustain long-term economic growth through increased capital investment.
Speaking during a government hour session in the Senate, Kazakhstan’s Vice Minister of National Economy Arman Kassenov said the country outperforms a majority of global economies on several key investment indicators tracked by the World Bank.
According to Kassenov, the World Bank estimates Kazakhstan’s gross capital formation as a share of GDP at 27%, placing the country ahead of approximately 75% of countries worldwide.
“With this figure, we outperform 75 percent of countries globally,” Kassenov said. “Another indicator — the ratio of gross fixed capital formation to GDP — stands at 24 percent in Kazakhstan, which is higher than in 68 percent of countries worldwide.”
He added that Kazakhstan’s strong performance on these metrics indicates the country is likely to maintain relatively high economic growth rates in the coming years.
Kassenov stressed that investment remains one of the key drivers of economic expansion, as it creates additional production capacity and lays the foundation for future growth.
“Economic growth rates directly depend on investments, because they generate additional production capacity and form the basis for further expansion of the economy,” he said.
The vice minister also noted that the government intends to continue increasing investment levels in order to strengthen the economy and improve living standards.
At the same time, he highlighted a more targeted indicator focused specifically on fixed capital investment. According to Kassenov, fixed capital investment currently accounts for 14% of Kazakhstan’s GDP, while the government’s goal is to increase that figure to 23%.
“There is another, more focused metric that considers only investment in fixed capital. The ratio of fixed capital investment to GDP in Kazakhstan currently stands at 14 percent. Our task is to raise this indicator to 23 percent,” he said.
The comments come amid broader efforts by Kazakhstan to diversify its economy, expand industrial capacity, and attract greater domestic and foreign investment across sectors including infrastructure, manufacturing, transport, digital technologies, and energy.
Earlier reports indicated that Kazakhstan’s investment in fixed capital increased by 6.7%, reflecting continued momentum in investment activity across the country.
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