Question

How do you view the distribution of wealth in Kazakhstan (which is astounding!), impacting their national economy in terms

of performance?

Answer 1

Explanation: Since independence in 1991, Kazakhstan has experienced a remarkable economic performance. Rapid growth, fueled by structural reforms, abundant hydrocarbon resources, strong domestic demand, and foreign direct investment (FDI), has helped reduce poverty and transform the country into an upper-middle-income economy.

Key Statistics and Economic Indicators

Kazakhstan has an export-oriented economy that is highly dependent on shipments of oil and related products (58 percent of total exports). In addition to oil, its main export commodities include natural gas, ferrous metals, copper, aluminum, zinc and uranium.