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Kazakhstan: The Economy
Country Study > Chapter 9 > The Economy

THE ECONOMY


Although Kazakhstan has the potential to be a wealthy nation, since independence it has suffered consistent and precipitous economic decline. Reporting problems and incompatibility of data make precise measurement of the republic's economic shrinkage difficult, but it is generally accepted that, by the mid-1990s, GDP had dropped to about half of what it was in 1990. Despite the presence of rich deposits of natural resources, the republic's industrial sector was developed in the Soviet period only in specific areas such as metal processing, chemicals, textiles, and food processing. The semiarid condition of much of Kazakhstan's territory does not preclude the export of wheat, meat, and some vegetables.

Data as of March 1996




Last Updated: March 1996


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Kazakhstan was first published in 1996. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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Section 35 of 65






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