ASTANA, Kazakhstan, April 3. The decline in
real incomes indicates that economic growth is not yet fully
reflected in the well-being of the population, Kazakhstan’s
Ministry of National Economy has commented on the downward trend
following the release of new statistical data, Trend reports.
According to the Bureau of National Statistics, the real income
index of the population for January-December 2025 stood at 98.9%
compared to the previous year. The average per capita income
amounted to 238,070 tenge (about $500). Nominal income growth
reached 10.2%, while real income, adjusted for inflation, decreased
by 1.1%.
“The decline in real incomes indicates that economic growth is
not yet fully reflected in the well-being of the population,
pointing to an issue of income redistribution. This situation
highlights the relevance of measures aimed at expanding employment,
creating sustainable jobs, and increasing wages, which are already
предусмотрены in the updated Income Growth Program,” the statement
said.
The ministry emphasized that only annual data provides an
objective picture of real income dynamics, as it smooths out
seasonal fluctuations and one-off inflation spikes, reflecting the
long-term trend.
It was also noted that one of the key reasons for the decline in
the real income index is that wages are growing more slowly than
business profits.
According to expert estimates, nearly 50% of companies increase
wages by no more than 10% due to cost-saving measures, while some
have kept salaries unchanged. This creates a gap, where GDP growth
driven by industry, services, and exports does not immediately
translate into higher wages for workers.
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