The article explores whether Dutch disease affects Kazakhstan's economy. It looks at how oil price changes can harm non-oil industries and long-term growth. From 1996 to 2005, non-oil manufacturing in Kazakhstan was not negatively impacted by oil price increases. The real exchange rate has gone up recently, mainly due to the nominal exchange rate rising. This increase may be linked to oil price and revenue changes. However, the rise in the U.S. dollar exchange rate is mainly seen in the oil sector and not significant for non-oil manufacturing.