kazakhstan macroeconomics

Topics: Economic growth, Inflation, Economics Pages: 13 (4085 words) Published: October 31, 2014

Economics 101
Macroeconomics

Country Paper
Kazakhstan

Table of Contents:
I.Introduction
A.The Republic of Kazakhstan: Kazakhstan’s Macroeconomics..................3 1)Geographical Location ………………………………………………...3 2)Land Size ………………………………………………………………...3 3)Currency………………………………………………………………....3 4)Population………………………………………………………………..3 5)Major Products ……………………………………………………...... 3-4 II.Discussion of the Macroeconomics Indicators

A.Real GDP for the past 10 years …………………………………………….4 B.Population, Labor force and Unemployment………………………………5 1)Average Growth rate of Population………………………………..5 2)Average Growth rate of Labor Force……………………………...5-6 C.Real GDP per capita in the past 10 years…………………………………..7 D.Real GDP per employed worker in the past 10 years……………………..7 E.Average growth of rate……………………………………………………….7 F.Annual Inflation rate………………………………………………………....8 G.Consumer Price Index………………………………………………………...9 H.Producer’s Price Index……………………………………………………......9 I.Annual Increase in Money Supply………………………………………….10 J.Government Debt as a ratio to GDP………………………………………..11 K.Exports as a ratio to GDP…………………………………………………...12 III.Conclusion

A.Kazakhstan’s Economic Growth and Development…………………………...13 IV.Appendices
A.Map, flag and Capital City of Kazakhstan…………………..……………….14-16 B.Statistics…………………………………………………………………………17-27 V.Bibliography………………………………………………………………………………28

The Republic of Kazakhstan: Kazakhstan’s Macroeconomics

The history of Kazakhstan begins with the indigenous Kazakhs, a nomadic Turkic people who belonged to several divisions of Kazakh hordes. They grouped together in settlements and lived in dome-shaped tents made of felt called yurts. Their tribes migrated seasonally to find pastures for their herds of sheep, horses, and goats. Although they had chiefs, the Kazakhs were rarely united as a single nation under one great leader. Their tribes fell under Mongol rule in the 13th century and they were dominated by Tartar khanates until the area was conquered by Russia in the 18th century. The area became part of the Kirgiz Autonomous Republic formed by the Soviet authorities in 1920, and in 1925 this entity's name was changed to the Kazakh Autonomous Soviet Socialist Republic (Kazakh ASSR). After 1927, the Soviet government began forcing the nomadic Kazakhs to settle on collective and state farms, and the Soviets continued the czarist policy of encouraging large numbers of Russians and other Slavs to settle in the region. The Republic of Kazakhstan’s (Qazaqstan Respublikasy) geographical location is located in the center of the continent of Asia, with a coastline only on the landlocked Caspian Sea. Russia forms its entire northern border. The geographical size of Kazakhstan is at 2,717,000 square kilometers, Kazakhstan’s area is about four times that of Texas, making Kazakhstan the ninth largest nation in the world. Some 47,500 kilometers of the total area is occupied by bodies of water. Kazakhstan has common borders with the following countries: China (1,533 kilometers), Kyrgyzstan (1,051 kilometers), Russia (6,846 kilometers), Turkmenistan (379 kilometers), and Uzbekistan (2,203 kilometers). Kazakhstan’s only coastline runs 1,894 kilometers along the landlocked Caspian Sea. Kazakhstan’s topography varies considerably by region. In the east and northeast, about 12 percent of its territory is occupied by parts of the Altay and Tian Shan mountain ranges with elevations of up to 6,995 meters. More than three-quarters of the country is desert or semi-desert, with elevations less than 500 meters. Along the Caspian Sea, elevations are below sea level. Seven of Kazakhstan’s rivers are 1,000 kilometers or more in length: the Chu, Emba, Ili, Irtysh, Ishim, Syr Darya, and Ural. The Irtysh and Ural rivers flow partly through Kazakhstan and partly through Russia. The Ili River flows from China into Lake Balkhash in eastern...
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