Kazakhstan |
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It is the ninth largest and the key country in the world and a business center for 60 million Central Asians
Kazakhstan has become a major regional grain exporter , exporting to Russia , Iran , China , and the other Central Asian countries .
Kazakhstan 's imports are equivalent to 51% of its GDP which is approximately $ 9.6 Billion.
Kazakhstan's natural resources have been key to its economic success. Oil and mineral, particularly, hydrocarbons , have driven economic growth and attracted significant foreign investment , over $ 16 Billion since 1993 , with the help of recently reformed investment law .
Kazakhstan 's exports grew rapidly which is approximately $10.3 Billion
GNP of Kazakhstan grows at an average of 10% , annually
Inflation rates less than 6%.
Unemployment rates 8%
National currency tenge has been stable for more than 5 years .
Back in the year 2000 , due to strong economic performance and financial health , Kazakhstan became the first former Soviet republic to repay all of its debts to IMF.
In june 2003 , international rating agency Standard & Poors upgraded Kazakhstan 's long-term foreign currency credit rating from BB to BB+ .
Kazakhstan is one of the richest countries in natural resources .
Therefore it 's economy growing rapidly and increases of purchasing power and consumer spending are remarkable. New factories , public sites , luxury apartments , shopping centers are built .
Almaty is the commercial center of Kazakhstan , and is also pushing engine of booming economy of the region .
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