Inspiro Group - Travel and Logistics
Inspiro Group - Travel and Logistics
Inspiro Group - Travel and Logistics
96, Boulevard Erkindik, Bishkek,
720040, Kyrgyz Republic
Tel.: +996 (312) 30-46-17, 90-12-95
Fax: +996 (312) 90-12-95
e-mail: booking@inspiro.kg
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Economy


Economy

 
The government of Kazakhstan plans to double its Gross domestic product (GDP) by 2008 and triple it by 2015 as compared to 2000. GDP growth has been stable in the last five years, at a rate higher than 9% thank to world crude oil prices. Other major exports of Kazakhstan include wheat, textile, and livestock. Kazakhstan forecasts that it will become the world's leading exporter of uranium by the year 2010.

Kazakhstan's monetary policy is generally considered by outside observers to be well-managed. Its principal challenge since 2002 has been to manage strong foreign currency inflows without sparking inflation. In March 2002, the U.S. Department of Commerce granted Kazakhstan market economy status under U.S. trade law. This change in status recognized substantive market economy reforms in the areas of currency convertibility, wage rate determination, openness to foreign investment, and government control over the means of production and allocation of resources.

Energy is the leading economic sector. Production of crude oil and natural gas condensate in Kazakhstan amounted to 51.2 million tons in 2003, which was 8.6% more than in 2002. Kazakhstan raised oil and gas condensate exports to 44.3 million tons in 2003.

Agriculture

Agriculture accounted for 10.3% of Kazakhstan's GDP in 2005. Grain (Kazakhstan is the seventh-largest producer in the world) and livestock are the most important agricultural commodities. Agricultural land occupies more than 846,000 square kilometres (327,000 sq. mi). Chief livestock products are dairy products, leather, meat, and wool. The country's major crops include wheat, barley, cotton, and rice. Wheat exports, a major source of hard currency, rank among the leading commodities in Kazakhstan's export trade. In 2003 Kazakhstan harvested 17.6 million tons of grain in gross, 2.8% higher compared to 2002. Kazakh agriculture still has many environmental problems from mismanagement during its years in the Soviet Union. Some Kazakh wine is produced in the mountains to the east of Almaty.

Kazakhstan is thought to be one of the original homes of the apple, particularly the wild ancestor of Malus domestica, Malus sieversii. It has no common name in English, but is known in Kazakhstan, where it is native, as 'alma'. In fact, the region where it is thought to originate is called Almaty, or 'rich with apple'. This tree is still found wild in the mountains of Central Asia in southern Kazakhstan, Kyrgyzstan, Tajikistan, and Xinjiang, China.



Inspiro Group - Travel & Logistics


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