Compare Kazakhstan (2007) - Kazakhstan (2008)

Compare Kazakhstan (2007) z Kazakhstan (2008)

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	Kazakhstan (2007)	Kazakhstan (2008)

Budget	revenues: $18.66 billion expenditures: $18.02 billion (2006 est.)	revenues: $21.49 billion expenditures: $22.31 billion (2007 est.)
Debt - external	$73.45 billion (2006 est.)	$92.08 billion (30 June 2007)
Economy - overview	Kazakhstan, the largest of the former Soviet republics in territory, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals. It also has a large agricultural sector featuring livestock and grain. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources and also on a growing machine-building sector specializing in construction equipment, tractors, agricultural machinery, and some defense items. The breakup of the USSR in December 1991 and the collapse in demand for Kazakhstan's traditional heavy industry products resulted in a short-term contraction of the economy, with the steepest annual decline occurring in 1994. In 1995-97, the pace of the government program of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector. Kazakhstan enjoyed double-digit growth in 2000-01 - 8% or more per year in 2002-06 - thanks largely to its booming energy sector, but also to economic reform, good harvests, and foreign investment. The opening of the Caspian Consortium pipeline in 2001, from western Kazakhstan's Tengiz oilfield to the Black Sea, substantially raised export capacity. Kazakhstan in 2006 completed the Atasu-Alashankou portion of an oil pipeline to China that is planned to extend from the country's Caspian coast eastward to the Chinese border in future construction. The country has embarked upon an industrial policy designed to diversify the economy away from overdependence on the oil sector by developing light industry. The policy aims to reduce the influence of foreign investment and foreign personnel. The government has engaged in several disputes with foreign oil companies over the terms of production agreements; tensions continue. Upward pressure on the local currency continued in 2006 due to massive oil-related foreign-exchange inflows. Aided by strong growth and foreign exchange earnings, Kazakhstan aspires to become a regional financial center and has created a banking system comparable to those in Central Europe.	Kazakhstan, the largest of the former Soviet republics in territory, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals. It also has a large agricultural sector featuring livestock and grain. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources and also on a growing machine-building sector specializing in construction equipment, tractors, agricultural machinery, and some defense items. The breakup of the USSR in December 1991 and the collapse in demand for Kazakhstan's traditional heavy industry products resulted in a short-term contraction of the economy, with the steepest annual decline occurring in 1994. In 1995-97, the pace of the government program of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector. Kazakhstan enjoyed double-digit growth in 2000-01 - 8% or more per year in 2002-07 - thanks largely to its booming energy sector, but also to economic reform, good harvests, and foreign investment. The opening of the Caspian Consortium pipeline in 2001, from western Kazakhstan's Tengiz oilfield to the Black Sea, substantially raised export capacity. Kazakhstan in 2006 completed the Atasu-Alashankou portion of an oil pipeline to China that is planned to extend from the country's Caspian coast eastward to the Chinese border in future construction. The country has embarked upon an industrial policy designed to diversify the economy away from overdependence on the oil sector by developing light industry. The policy aims to reduce the influence of foreign investment and foreign personnel. The government has engaged in several disputes with foreign oil companies over the terms of production agreements; tensions continue. Upward pressure on the local currency continued in 2007 due to massive oil-related foreign-exchange inflows. Aided by strong growth and foreign exchange earnings, Kazakhstan aspires to become a regional financial center and has created a banking system comparable to those in Central Europe.
Exchange rates	tenge per US dollar - 126.09 (2006), 132.88 (2005), 136.04 (2004), 149.58 (2003), 153.28 (2002)	tenge per US dollar - 122.39 (2007), 126.09 (2006), 132.88 (2005), 136.04 (2004), 149.58 (2003)
Exports - partners	Germany 12.4%, Russia 11.6%, China 11%, Italy 10.5%, France 7.5%, Romania 5% (2006)	Germany 12.4%, Russia 11.6%, China 10.9%, Italy 10.5%, France 7.6%, Romania 4.9% (2006)
GDP - composition by sector	agriculture: 5.7% industry: 39.8% services: 54.4% (2006 est.)	agriculture: 5.7% industry: 39.5% services: 54.8% (2007 est.)
GDP - real growth rate	10.6% (2006 est.)	9.5% (2007 est.)
Industrial production growth rate	7.7% (2006 est.)	7.1% (2007 est.)
Inflation rate (consumer prices)	8.6% (2006 est.)	9.5% (2007 est.)
International organization participation	AsDB, CIS, CSTO, EAEC, EAPC, EBRD, ECO, FAO, GCTU, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, MIGA, NAM (observer), NSG, OAS (observer), OIC, OPCW, OSCE, PFP, SCO, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)	ADB, CIS, CSTO, EAEC, EAPC, EBRD, ECO, FAO, GCTU, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, MIGA, NAM (observer), NSG, OAS (observer), OIC, OPCW, OSCE, PFP, SCO, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Labor force	8.029 million (2006 est.)	8.156 million (2007 est.)
Pipelines	condensate 658 km; gas 11,019 km; oil 10,338 km; refined products 1,095 km (2006)	condensate 658 km; gas 11,082 km; oil 10,376 km; refined products 1,095 km (2007)
Telephone system	general assessment: inherited an outdated telecommunications network from the Soviet era requiring modernization domestic: intercity by landline and microwave radio relay; number of fixed-line connections is gradually increasing and fixed-line teledensity is about 20 per 100 persons; mobile-cellular usage is increasing rapidly and subscriptions now exceed 50 per 100 international: country code - 7; international traffic with other former Soviet republics and China carried by landline and microwave radio relay and with other countries by satellite and by the Trans-Asia-Europe (TAE) fiber-optic cable; satellite earth stations - 2 Intelsat	general assessment: inherited an outdated telecommunications network from the Soviet era requiring modernization domestic: intercity by landline and microwave radio relay; number of fixed-line connections is gradually increasing and fixed-line teledensity is about 20 per 100 persons; mobile-cellular usage is increasing rapidly and subscriptions now exceed 50 per 100 persons international: country code - 7; international traffic with other former Soviet republics and China carried by landline and microwave radio relay and with other countries by satellite and by the Trans-Asia-Europe (TAE) fiber-optic cable; satellite earth stations - 2 Intelsat
Unemployment rate	7.4% (2006 est.)	7.1% (2007 est.)

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