Kazakhstan Location:
51°10'N, 71°30'E
Prior to full independence, Kazakhstan existed as the Kazakh SSR in the Soviet Union. It is now a member of the Commonwealth of Independent States, bordering Russia, the People's Republic of China, and the Central Asian countries Kyrgyzstan, Uzbekistan and Turkmenistan, with a coastline on the Caspian Sea.
Kazakhstan is the ninth-largest country in the world by area, but it is only the 62nd country in population with fewer than 6 people per square kilometre (15 per sq. mi.). The population in 2006 is estimated at 15,300,000, down from 16,464,464 in 1989,[1] due to the emigration of ethnic Russians and Volga Germans. Much of the country's land consists of semi-desert (steppe) terrain.
Kazakhstan Geography:
With an area of 2.7 million square kilometers (1.05 million sq. mi), Kazakhstan is the ninth-largest country in the world and the largest landlocked country in the world. It is equivalent to the size of Western Europe. It shares borders of 6,846 kilometers (4,254 mi) with Russia, 2,203 kilometers (1,369 mi) with Uzbekistan, 1,533 kilometers (953 mi) with the People's Republic of China, 1,051 kilometers (653 mi) with Kyrgyzstan, and 379 kilometers (235 mi) with Turkmenistan. Major cities include Astana (capital since December 1997), Almaty (the former capital), Karaganda, Shymkent (Chimkent), Semey (Semipalatinsk) and Turkestan.
The terrain extends west to east from the Caspian Sea to the Altay Mountains and north to south from the plains of Western Siberia to the oases and deserts of Central Asia. The Kazakh Steppe, with an area of around 804,500 square kilometres (310,600 sq. mi), occupies one-third of the country and is the world's largest dry steppe region. The steppe is characterized by large areas of grasslands and sandy regions. Important rivers and lakes include: the Aral Sea, Ili River, Irtysh River, Ishim River, Ural River, Charyn river and gorge, Lake Balkhash, and Lake Zaysan.
The climate is humid continental, with hot summers and colder winters. Precipitation varies between arid and semi-arid conditions.
The Charyn river canyon is 150-300 metres deep and 154 kilometres long, cutting through the red sandstone plateau and stretching along the Charyn river gorge in northern Tien Shan 'Heavenly Mountains' (200 km east of Almaty) at 43°21'1.16?N, 79°4'49.28?E . The steep canyon slopes, columns and arches rise to heights of 150-300 m. The inaccessibility of the canyon provided a safe haven for a rare ash tree that survived the Ice Age and is nowadays also grown in some other areas.
Kazakhstan People:
Population
- January 2006 estimate 15,217,700 National Statistics Agency of Kazakhstan (62nd)
- 1999 census 14,953,100
- Density 5.4 /km2 (215th)
14.0 /sq mi
Kazakhstan Government:
Government Republic
- President Nursultan Nazarbayev
- Prime Minister Karim Masimov
Kazakhstan Economy:
The government of Kazakhstan plans to double its Gross domestic product (GDP) by 2008 and triple by 2015 compared to 2000. The GDP growth was stable in the last five years, and was higher than 9%. GDP growth in 2005 was 9.2%, and 9.4% in 2004. Kazakhstan's economy grew by 9.2% in 2003, buoyed by high world crude oil prices. GDP grew 9.5% in 2002; it grew 13.2% in 2001, up from 9.8% in 2000.
External opinion generally considers Kazakhstan's monetary policy to be well-managed. Its principal challenges in 2002 were to manage strong foreign currency inflows without sparking inflation. In 2003 inflation did not remain under control, registering at 6.8% instead of the forecast level of 5.3%-6.0%. In 2002 inflation was 6.6%, compared to 6.4% in 2001. Because of its strong macroeconomic performance and financial health, in 2000 Kazakhstan became the first former Soviet republic to repay all of its debt to the International Monetary Fund (IMF), 7 years ahead of schedule. In March 2002, the U.S. Department of Commerce graduated Kazakhstan to market economy status under U.S. trade law. The 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.
In September 2002 Kazakhstan became the first country in the CIS to receive an investment-grade credit rating from a major international credit rating agency. As of late December 2003, Kazakhstan's gross foreign debt was about $22.9 billion. Total governmental debt was $4.2 billion. This amounts to 14% of the GDP. There has been a noticeable reduction in the ratio of debt to GDP observed in past years; the ratio of total governmental debt to GDP in 2000 was 21.7%, in 2001 it was 17.5%, and in 2002 it was 15.4%.
The upturn in economic growth, combined with the results of earlier tax and financial sector reforms, dramatically improved government finances from the 1999 budget deficit level of 3.5% of GDP to a deficit of 1.2% of GDP in 2003. Government revenues grew from 19.8% of GDP in 1999 to 22.6% of GDP in 2001, but decreased to 16.2% of GDP in 2003. In 2000, Kazakhstan adopted a new tax code in an effort to consolidate these gains. On November 29, 2003 the Law on Changes to Tax Code was adopted, which reduced tax rates. The value added tax fell from 16% to 15%, the social tax from 21% to 20%, and the personal income tax from 30% to 20%. Kazakhstan furthered its reforms by adopting a new land code on June 20, 2003, and a customs code on April 5, 2003.
The Tenge, Kazakhstan's currency.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, 13% higher than in 2002. Gas production in Kazakhstan in 2003 amounted to 13.9 billion cubic meters (491 billion cu. ft), up 22.7% compared to 2002, including natural gas production of 7.3 billion cubic meters (258 billion cu. ft); Kazakhstan holds about 4 billion tons of proven recoverable oil reserves and 2,000 cubic kilometers (480 cu mi) of gas. Industry analysts believe that planned expansion of oil production, coupled with the development of new fields, will enable the country to produce as much as 3 million barrels (477,000 m³) per day by 2015, lifting Kazakhstan into the ranks of the world's top 10 oil-producing nations. Kazakhstan's 2003 oil exports were valued at more than $7 billion, representing 65% of overall exports and 24% of the GDP. Major oil and gas fields and their recoverable oil reserves are Tengiz with 7 billion barrels (1.1 km³); Karachaganak with 8 billion barrels (1.3 km³) and 1,350 km³ of natural gas); and Kashagan with 7 to 9 billion barrels (1.1 to 1.4 km³).
Kazakhstan instituted an ambitious pension reform program in 1998. As of January 1, 2005, the pension assets were about $4.1 billion. There are 16 saving pension funds in the republic. The State Accumulating Pension Fund, the only state-owned fund, could be privatized as early as 2006. The country's unified financial regulatory agency oversees and regulates the pension funds. The pension funds' growing demand for quality investment outlets triggered rapid development of the debt securities market. Pension fund capital is being invested almost exclusively in corporate and government bonds, including Government of Kazakhstan Eurobonds. The Kazakhstani banking system is developing rapidly. The banking system's capitalization now exceeds $1 billion. The National Bank has introduced deposit insurance in its campaign to strengthen the banking sector. Several major foreign banks have branches in Kazakhstan, including ABN AMRO, Citibank, and HSBC.
Kazakhstan Information:
http://en.wikipedia.org/wiki/Kazakhstan |
