Kazakhstan weathered the global financial crisis well, by combining fiscal relaxation with monetary stabilisation. In 2009, the government introduced large-scale support measures such as the recapitalisation of banks and support for the real estate and agricultural sectors, as well as for small and medium enterprises (SMEs). The total value of the stimulus programs amounted to $21 billion, or 20 per cent of the country's GDP, with $4 billion going to stabilise the financial sector. During the global economic crisis, Kazakhstan's economy contracted by 1.2% in 2009, while the annual growth rate subsequently increased to 7.5% and 5% in 2011 and 2012, respectively.