OECD Territorial Reviews: Kazakhstan

image of OECD Territorial Reviews: Kazakhstan

Kazakhstan has experienced a long period of high and sustained economic growth, largely driven by oil and gas exports. However, the drop in 2014 of the international price of oil highlighted the risks of dependence on natural resource activities. Kazakhstan must diversify its economic base to ensure that it can continue to “catch up” and move into higher value-added goods and services. This review looks at how a modern approach to regional development can help Kazakhstan by mobilising the growth potential of different parts of the economy and territory, supporting economic diversification and reducing regional inequalities.



Regional trends in Kazakhstan

This chapter provides an assessment of regional trends and the opportunities and challenges the economy of Kazakhstan faces. The analysis starts with an overview of the macroeconomic and regulatory framework, which provides the setting for the analysis of regional trends. The territorial structure of Kazakhstan is discussed considering the implications of low population density and the presence of natural resources. It then considers the economic performance of regions, including their contribution to national growth and the role of the extractive industry, with regions classified according to their sectoral specialisation. This is followed by an assessment of the main drivers of productivity growth, including factors such as agglomeration economies, education, and infrastructures.


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