Economy
Economy
The gross regional product for January-June 2024 amounted to 781,003.4 million tenge in current prices. Compared with January-June 2023, real GRP increased by 6.2%.
The main branches of the economy
Trade
According to preliminary data for January-September 2024, mutual trade with the EAEU countries amounted to 99,066.9 million USA dollars and decreased by 13.3% compared to January-September 2023, including exports - 54,832.9 million US dollars (25.2% less), imports - 44,234.0 million US dollars (8.0% more).
Industry
The volume of industrial production in January-October 2024 amounted to 278,848.4 million tenge in current prices, which is 3.9% more than in January-October 2023.
In the mining industry, production volumes increased by 22.6%, in the manufacturing industry they grew by 3.7%, in the supply of electricity, gas, steam, hot water and air conditioning they fell by 0.2%, in water supply, waste collection, processing and disposal, pollution elimination activities they grew by 9.3%.
Agriculture
The volume of gross output of agricultural products (services) in January-October 2024 amounted to 362,356.8 million tenge, or 104.9% compared to January-October 2023.
Growth rates of economic sectors
Industry
(January-October 2024 to January-October 2023, %)
103,9
Building
(January-October 2024 to January-October 2023, %)
134,6
Transport
Agriculture
(January-October 2024 to January-October 2023, %)
104,9
Trade
Link
(January-September 2022 to January-September 2021, %)
Speaking about the main economic indicators of the region, it is worth recalling that the region became independent only 1.5 years ago. And this has yielded results. First of all, it was possible to ensure economic growth by 17-18 percent. According to the short-term economic indicator, based on the results of 11 months, the region took first place in the republic. More than 26,000 workers work at 535 enterprises. They work on the production of sugar, malt, electric batteries, reinforced concrete and metal supports for high-voltage power lines and other products.
Since the formation of the region, 23 new and 5 existing production facilities have been commissioned, another 759 new jobs have been created. One of these enterprises is the Aksu Sugar Plant, which had been idle for three years. In addition, the region has launched the production of new products that had not previously been produced not only in the region, but also in Kazakhstan. Miami Solar LLC began producing cartridges for solar panels. The capacity of the enterprise is 100,000 pieces per year. In total, 12 more enterprises worth 39 billion tenge are being launched this year, creating more than 500 jobs. With a 20 percent growth, over 240 billion tenge of investments have been attracted to the region's economy. The region is among the successful ones, and in terms of the volume of grain crops harvested this year, the region took fourth place for the first time. Among the region's achievements is the arrival of large investors, which makes it possible to implement such large projects as a metallurgical plant with a capacity of 860,000 tons of copper concentrate per year and the creation of more than 2,000 jobs, as well as a wind power plant in the Dzungarian Gate area with a capacity of 1 gigawatt. And in general, the investment portfolio contains 184 projects worth 2.2 trillion tenge. Zhetysu has enormous potential for the development of alternative energy. Today, 14 renewable energy facilities with a total capacity of about 177 megawatts operate in the region. And therefore, Zhetysu's contribution to the development of the renewable energy sector in the country is obvious.
Since the formation of the region, 23 new and 5 existing production facilities have been commissioned, another 759 new jobs have been created. One of these enterprises is the Aksu Sugar Plant, which had been idle for three years. In addition, the region has launched the production of new products that had not previously been produced not only in the region, but also in Kazakhstan. Miami Solar LLC began producing cartridges for solar panels. The capacity of the enterprise is 100,000 pieces per year. In total, 12 more enterprises worth 39 billion tenge are being launched this year, creating more than 500 jobs. With a 20 percent growth, over 240 billion tenge of investments have been attracted to the region's economy. The region is among the successful ones, and in terms of the volume of grain crops harvested this year, the region took fourth place for the first time. Among the region's achievements is the arrival of large investors, which makes it possible to implement such large projects as a metallurgical plant with a capacity of 860,000 tons of copper concentrate per year and the creation of more than 2,000 jobs, as well as a wind power plant in the Dzungarian Gate area with a capacity of 1 gigawatt. And in general, the investment portfolio contains 184 projects worth 2.2 trillion tenge. Zhetysu has enormous potential for the development of alternative energy. Today, 14 renewable energy facilities with a total capacity of about 177 megawatts operate in the region. And therefore, Zhetysu's contribution to the development of the renewable energy sector in the country is obvious.
In the mining industry, production volumes increased by 22.6%, in the manufacturing industry they increased by 3.7%, in the supply of electricity, gas, steam, hot water and air conditioning they fell by 0.2%, in water supply, waste collection, processing and disposal, pollution elimination activities they increased by 9.3%.
The share of the manufacturing sector is 79.9%. In the manufacturing industry, the volume of production of food products, electrical equipment, finished metal products, mineral products, and light industry goods increased. During 2023, 14 new and five existing production facilities were commissioned. This contributed to the creation of new jobs, especially in the settlements where the enterprises are located. Favorable conditions for investors are also being created in the region. At the moment, an investment portfolio has been formed containing 173 projects, the total volume of which is 3.2 trillion tenge. Over 11 thousand jobs will be created. These projects are to be implemented from 2024 to 2030 in different areas of the region, including in Alakol, where three very large enterprises are planned to be built.
Overall, the communications sector increased by 6.3%, making it one of the important drivers of economic growth. The main factors in the growth of the industry are the active introduction of digital technologies, the expansion of communications networks and the increased demand for Internet services from businesses and the population. The development of infrastructure for mobile communications and the Internet also plays an important role, especially in remote and previously inaccessible regions.
Industrial production indices of Zhetisu region by types of economic activity
| Activities | Industrial production index, 2023 in % to 2022 |
| Industry | 105,3 |
| Mining and quarrying | 78,8 |
| Other mineral extraction | 79,9 |
| Provision of mining services | 74,8 |
| Manufacturing | 105,9 |
| Food production | 94,8 |
| Processing and preserving meat and manufacturing meat products | 93,1 |
| Processing and preserving fish, crustaceans and mollusks | 115,4 |
| Processing and preserving fruit and vegetables | 51,4 |
| Manufacture of vegetable and animal oils and fats | 131,1 |
| Manufacture of dairy products | 88,2 |
| Manufacture of flour and cereal products, starches and starch products | 136,1 |
| Manufacture of bakery, pasta and flour confectionery | 61,5 |
| Manufacture of other food products | 89,9 |
| Manufacture of prepared animal feed | 95,4 |
| Manufacture of beverages | 93,8 |
| Light industry | 135,3 |
| Manufacture of textiles | 99,9 |
| Manufacture of clothing | 234 |
| Manufacture of leather and related products | - |
| Manufacture of wood and cork products, except furniture; manufacture of articles of straw and plaiting materials | 230,3 |
| Manufacture of paper and paper products | 446,5 |
| Printing and reproduction of recorded media | 96,8 |
| Manufacture of chemical products | 91,6 |
| Manufacture of basic pharmaceuticals and pharmaceutical preparations | 55,3 |
| Manufacture of rubber and plastic products | 179,1 |
| Manufacture of other non-metallic mineral products | 179,8 |
| Metallurgical production | 183,6 |
| Ferrous metallurgy, except metal casting | 583,3 |
| Manufacture of basic precious and non-ferrous metals | 103,5 |
| Metal casting | 51,6 |
| Manufacture of finished metal products, except machinery and equipment | 176,5 |
| Mechanical engineering | 109,8 |
| Manufacture of computers, electronic and optical equipment | - |
| Manufacture of electrical equipment | 110,5 |
| Manufacture of machinery and equipment not included in other groupings | 79,1 |
| Manufacture of motor vehicles, trailers and semi-trailers | - |
| Manufacture of other transport vehicles | - |
| Repair and installation of machinery and equipment | 104,4 |
| Manufacture of furniture | 97,8 |
| Manufacture of other finished products | 144,6 |
| Supply of electricity, gas, steam, hot water and conditioned air | 106,4 |
| Production, transmission and distribution of electricity | 108,6 |
| Production and distribution of gaseous fuels through pipelines | 252,3 |
| Supply steam, hot water and air conditioning | 118,1 |
| Water supply; waste collection, treatment and disposal; pollution control activities | 115,3 |
| Water collection, treatment and distribution | 106,5 |
| Wastewater collection and treatment | 111,6 |
| Waste collection, treatment and disposal; recycling (recovery) of materials | 263,2 |
| Pollution control activities and other waste management services | - |
