Kazakhstan Leads Central Asia in GDP Growth Projections
Kazakhstan is forecasted to lead Central Asia in economic growth, with its GDP expected to expand by 5.5% in 2025, marking a 1.5 percentage point increase from the previous year, according to the Boao Forum for Asia (BFA) Asian Economic Outlook and Integration Progress Annual Report released on March 25.
The report attributes the region’s overall GDP growth—projected at 5%—primarily to Kazakhstan’s strong economic performance.
Key Findings from the BFA Report
- Kazakhstan ranked third in Asia for the largest increase in ten-year government bond yields in 2023, following Bangladesh and Türkiye.
- Asia's weighted average real GDP growth is projected at 4.5% in 2025, slightly above 4.4% in 2024.
- The region continues to lead in research and development (R&D) investment and patent applications, reinforcing its position as a global innovation hub.
Boao Forum for Asia 2024
Held under the theme "Asia in the Changing World: Towards a Shared Future," the Boao Forum for Asia is taking place this week in Hainan, China. The event features over 50 discussions on economic integration, regional development, and global challenges.
Photo credit: caspianpost.com
57
