Comprehensive financial system, extensive occupations of sundry financial institutes, along with high investment potential are widely regards Almaty as financial center of Kazakhstan.
According to The Global Financial Centres Index (GFCI) ratings Almaty stands 43th out of 83 international financial centers, climbed up 15 points. Assessment of Almaty as a financial institution was conducted against following competitive factors: human factor, business environment, access to international financial markets, infrastructure, and overall competitiveness. Among financial centers ranked lower than Almaty were cities such as Milan, Brussels, Prague, Madrid, and Moscow.
Almaty is holding its leading long-standing positions among other metropolitan areas of the Republic regarding economic development. The city GRP output for 2013 totaled to 6 471,8 billion tenge. Almaty constitute 19 % production share of total GRP of the Republic of Kazakhstan, which representing highest share among country’s regions.
Highest metropolitan GRP contributors are various service providers, ranging from trading and repairmen to investment, educational and other services.
Almaty economy deemed as of top level investment activity city, thereby securing one of vital role among the Kazakhstan regions on investment into fixed capital. Volume investment into fixed capital of the city in 2013 totaled up to483 billions tenge, whilst 80 % of which are accounted for extra budgetary resources.
High density of educational institution, furthermore cultural heritage and diversity grants city the status of academic and cultural center of Kazakhstan.
Moreover, Almaty is a tourist center of Kazakhstan benefiting from geographical position by means of occupying several climatic zones, which makes city highly attractive to the tourists.
Idyllic natural environment and sport infrastructure availability distinguishes Almaty in its establishment as a bona fide international center for winter sports. Almaty has achieved recognition in terms of mass sporting event arrangement by hosting 2011 Asia Winter Games, Bendy World Championship and stage of the Ski Jumping World Cup. By virtue of 2017 Universiade occasion construction were undertaken of two ice arena accommodating 3000 and 12 000 spectators, athletic villages with a capacity of 5 000 sportsmen. In 2013 Almaty became first city to file application for hosting XXIV Winter Olympics and ХІІІ Paralympic Games to be held in 2022. According to «Power Index», which evaluates chances of cities –contenders for hosting Olympics Games, Almaty scores the best among other bids.