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Kazkommerts Securities

KAZAKHSTAN ECONOMIC RESEARCH

Kazakhstan Macroeconomic Performance

This Section is contributed by Kazkommerts Securities

September 1998

Latest Kazakhstan Weekly News


balance of payments, USD million

1997

1Q

2Q

3Q

4Q

Current Account

-518.3

-749.9

-908.7

146.1

-323.1

-364.1

-367.6

39.3

Trade Balance

-222.4

-326.3

-385.4

194.7

-153.9

-252.2

-174.1

77.9

Net Services

-208.1

-253.7

-282.7

-28.1

-75.3

-78.5

-100.8

-17.5

Investment Income

-146.8

-219.5

-315.2

-39.2

-112.8

-55.5

-107.7

-43.3

Current Transfers

59

49.6

74.6

18.7

18.9

22.1

15

22.3

Capital Account

779.7

1663.1

2378.8

455.5

434.9

742.2

746.1

257.9

Errors and Omissions

-106.6

-889.8

-990.5

-684.6

75.8

-172.8

-208.9

-558.1

Overall Balance

154.8

23.4

479.6

-83

187.6

205.3

169.6

-260.9

Change in Reserves

-298

-158.5

-473.2

83

-185.5

-203.2

-167.6

280.2


Kazakhstan Weekly News is also available free of charge on E-mail. To subscribe via E-mail, please contact us on Lydia@kazks.kz or Madina@kazks.kz.

© Kazkommerts Securities 1998. Please cite source when quoting.

This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets.


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