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Kazakhstan projects 2007 GDP growth at 8.6%

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ASTANA, January 26 (RIA Novosti) - Kazakhstan's gross domestic product is expected to grow 8.6% in 2007, allowing the country to raise per-capita GDP to $6,560, a government report said Friday.

The economy of oil-rich Kazakhstan, ex-Soviet Central Asia's wealthiest nation, has grown by about 75% in the past seven years.

This year, "average annual growth in industrial output is projected at 7.2%, while agricultural production will increase by 3.2%," the report said. "Capital investment will grow 15% year-on-year," the report said.

Kazakhstan's GDP in 2006 totaled $78 billion, and the per capita figure was $5,100, according to the economics ministry.

The government's goal is to bring per capita GDP up to $6,543 by the end of 2009, under a three-year program launched in 2007. The growth rate in the period is expected at an average of 8.8%.

Kazakhstan also plans to complete bilateral talks this year on the country's accession to the World Trade Organization.

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