The Central Asian region represents a large and rapidly growing consumer market with significant growth prospects: an increasing customer base of 60 mln people with fast growing GDP and disposable incomes.

Within the region, Kazakhstan is the core market, driven by a fast growing population, nominal GDP of over US$130 bln and a forecasted 2010 – 2014F GDP per capita CAGR of 14% in nominal terms, which spur the rapid development of domestic consumer sector and serve as solid growth platform for local FMCG producers.

Nominal GDP per capita 2009 and GDP CAGR ‘10-14F

Personal disposable income CAGR, (2010-2014F)

Kazakhstan: key macroeconomic indicators

	2006	2007	2008	2009	2010F	2011F	2012F	2013F	2014F
Nominal GDP, US$ bln	81	105	133	115	136	155	178	204	232
Nominal GDP per capita, US$	5,322	6,810	8,570	7,308	8,506	9,560	10,859	12,277	13,820
Real GDP growth, %	10.7%	9.0%	3.4%	1.2%	5.4%	5.1%	5.5%	5.9%	6.3%
Consumer spending*, US$	950	1.178	1.380	1.189	1.321	1.497	1.695	1.900	2.157
Inflation, %	8.6%	10.8%	17.1%	7.3%	7.0%	6.6%	6.0%	5.7%	5.6%
Population, mln	15.2	15.4	15.6	15.8	16.0	16.2	16.4	16.6	16.8

* consumer spending per capita on food and beverages categories