Abstract
This article examines the factors influencing investment inflows in Kazakhstan’s economy. Understanding the drivers of investment growth is particularly relevant given the recent slowdown in investment activity. The study aims to identify key factors affecting investment volumes through a sociological survey and an analysis of its results. Factor analysis was used as a research method, which made it possible to determine the degree of influence of factors and form groups of interrelated parameters. Primary data was collected via a sociological survey of representatives from various economic sectors, the financial sector, and government agencies. As a result of the study, three key factors were identified, combining groups of questions based on the calculation of correlation coefficients. Respondents noted a predominantly negative impact of most examined indicators on investment, with the exception of innovation and government policy measures. The highest correlation of the first factor is observed with questions related to external factors (the impact of exchange rate volatility and global energy prices) and inflation. The second factor correlates with questions including the impact of taxes, interest rates in the credit market, environmental restrictions, and innovation on investments. The third factor has a statistically significant correlation value with the question of whether enterprises need investment. The conclusions contain some measures to improve investment policy and expand investment in the economy of Kazakhstan.