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0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
0845keynoteaitzhanova 111208032634-phpapp01
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0845keynoteaitzhanova 111208032634-phpapp01

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  • 1. Kazakhstan 20 Years of Independence December 2011GOVERNMENT OF KAZAKHSTAN
  • 2. Kazakhstan: Country Snapshot KEY HIGHLIGHTS  Stable political and macroeconomic environment: Annual GDP growth of approximately 9% during 2000- 2009, with GDP in 2010 reaching US$148 billion (US$9,070 per capita)  Competitive geographic location: Located at a unique cross-roads between Europe, three BRIC countries (Russia, India, China) and the Middle East KEY FACTS KEY MACRO STATISTICS  Significant market: The Customs Union between Area: GDP per capita: Kazakhstan, Russia and Belarus  2.7 million square km (1.1 million square miles)  US$ 9,070 in 2010 represents a market of 170 million Capital: GDP growth: consumers and combined GDP c.  Astana (0.7 million people at 01 October 2011  7% in 2010 US$ 2 trillion Population: Currency:  Major reforms: Market and trade  16.6 million people at 01 October 2011  Kazakhstani tenge, KZT (US$1 ≈ KZT146.6) liberalization, administrative Language: Sovereign Credit Ratings: reform, privatization, budget  Kazakh is the official language, Russian is a means  Standard & Poor’s ― BBB+/Stable (achieved rating code, pension system, new tax of inter-ethnic communication upgrade in November 2011) code, wealth accumulation in Key ethnic groups:  Moody’s ― Baa2/Stable National Oil Fund  Kazakh (63.1%), Russian (23.7%)  Fitch ― BBB−/PositiveGOVERNMENT OF KAZAKHSTAN 2
  • 3. History of Sustainable Economic Development KEY HIGHLIGHTS GDP STRUCTURE 2010 UNEMPLOYMENT RATE %  In the last decade social 12 10,4 Industry development indicators 18% 10 9,3 8,8 Real estate operations 8,4 8,1 improved: unemployment 32% 8 7,8 7,3 Trade 6,6 6,6 declined almost twice till 5.3% 4% 5,8 5,3 Transport, telecom 6 in 2011, poverty level has 5% dramatically decreased from 8% Construction 4 46.7% in 2001 to 5.9 in 9% Agriculture 2 2011, GDP per capita reached 11% Financial services 13% 0 9,070 per capita in 2010. Others 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: The Agency on Statistics GDP PER CAPITA OF KAZAKHSTAN, $US bn Estimate 11 365 9 005 8 499 7 257 6 772 5 292 3 771 2 874 2 068 1 658 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: The Agency on Statistics, the Government of KazakhstanGOVERNMENT OF KAZAKHSTAN 3
  • 4. WEALTH ACCUMULATION IN NATIONAL OIL FUND  In 2000, Kazakhstan created a National Oil Fund, as a vehicle for natural resource wealth accumulation and for stabilization of the state through the commodity cycles.  In 2009 Kazakhstan used NOF for anti-crisis programs which helped to smooth effect of the banking crisis and decline in foreign capital inflows.  NOF is divided into savings and stabilization portfolios, and its minimum level is set at 20% of GDP, while annual transfers to state budget are limited to $8bn.  Government expects that NOF would reach 30,4% of GDP at the level of $90bn in 2015, from estimated level for 2011 of $49bn and 28,8% of GDP. GROWTH OF NATIONAL OIL FUND, , $US bnGOVERNMENT OF KAZAKHSTAN 4
  • 5. International Trade Dynamics INTERNATIOINAL TRADE OF KAZAKHSTAN EXPORT STRUCTURE 9M 2011 71.1 1% 3% 3% Mineral products 47.7 60 43.2 60.1 Metals and metal products 38.2 11% 27.8 0% Chemical products 20 Food products 32.7 37.9 28.4 12.8 17.3 23.6 23.6 14 Equipment, machinery 2004 2005 2006 2007 2008 2009 2010 09M 2011 82% Other Im port, US$ bn Export, US$ bn MAJOR TRADE PARTNERS 9M 2011 IMPORT STRUCTURE 9M 2011 Major trade partners, 9M 2011 Export, share in total Import, share in total Equipment, machinery 32.5% Chemical products China 19.6% China 23.3% 32.2% Metals and metal products Italy 18.1% Germany 9.1% Mineral products Netherlands 8.9% Ukraine 9.1% Food products 11.7% 9.7% France 6.7% United States 8.0% 3.7% 10.2% Other Switzerland 5.6% Italy 4.8% Sources: the National Bank of Kazakhstan, the Agency on StatisticsGOVERNMENT OF KAZAKHSTAN 5
  • 6. Foreign Direct Investments Dynamics into Kazakhstan KEY HIGHLIGHTS FDI IN KAZAKHSTAN TOP 10 INVESTORS IN KAZAKHSTAN, 2006 – 6M2011  Since 62% 19.8 19.6 50% 18.5 18.1 Total FDI in 2006 - 6M2011 is US$96 billion independence, Kazakhstan has 46% attracted over US$136 billion in Total, US$ bn Share in total FDI, half of which has been 2 5 % 10.6 8.3 27% invested during the last three Netherlands 61. 9 24.9% 21% 4.1 4.6 years. 6.6 19% 14% USA 35.2 14.2% 14%  80% of total FDI per capita UK 18.0 7.3% 2002 2003 2004 2005 2006 2007 2008 2009 2010 among the CIS countries France 16.3 6.6% FDI , US$ bn FDI in oil and gas, % Sources: the National Bank of Kazakhstan, the Agency on Statistics Italy 10.0 4.0% Russia 9.9 4.0% SHARE OF FDI IN GDP China 8.9 3.6% 20% 19% 18% 17% 17% 15% 15% Canada 8.7 3.5% 15% 13% 12% 12% Switzerland 8.2 3.3% 10% Japan 6.9 2.8% 5% 0% 2002 2003 2004 2005 2006 2007 2008 2009 2010GOVERNMENT OF KAZAKHSTAN 6
  • 7. Development Programs The Program on Accelerated Industrial and Innovative Development of Kazakhstan for 2010–2014 Major target industries for diversification: Objectives:  Agriculture and agro-products processing  Accelerated diversification of economy and promotion of  Construction and construction materials long-term economic competitiveness  Oil refining and services  Coordination of public and private sector efforts and efficient allocation of state resources  Metallurgy  Chemical, pharmaceutical and defense Priorities:  Energy generation (including nuclear and alternative energy)  Productivity gains to ensure national competitiveness  Transportation and telecommunications  Attraction of investments, primarily FDI, to develop export oriented industries  Tourism  Development of national innovation system  Mechanical engineering  Entrepreneurship development with increasing role of  Biotechnology SMEs in the industrialization process  Improved regional economic developmentGOVERNMENT OF KAZAKHSTAN 8
  • 8. NEW TAX CODE...  Kazakhstan has introduced new tax policy with two major goals:  Simplification of administrative procedures on tax payments  The corporate income tax was reduced from 30% to 20%, while value added tax was reduced to 12%  Today, Kazakhstan has the lowest taxation for business not involved in mineral resource extraction …WAS APPRECIATED BY INVESTORS ADMINISTRATIVE REFORM…  According to the World Bank’s Ease of Doing Business Index 2012, Kazakhstan is ranked 47th in the world, ahead of countries such as Ease of Doing Business Rank* 2012 2011 Change Czech Republic, China, Turkey and Russia. In 2010, Kazakhstan was judged to be the top reformer in the world, rising 15 places in the China 91 87 4 global ranking Azerbaijan 66 54 12 Kazakhstan 47 59 12 Belarus 69 91 22 Russia 120 123 3 Hungary 51 46 5Note: These tables do not present ranks of all CIS countriesSource: World Bank, WEFGOVERNMENT OF KAZAKHSTAN 7

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