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Economy of Germany vs Kazakhstan compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $291B for Kazakhstan, ranking 3/197 and 48/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $71.1B (24.4% of GDP) in Kazakhstan.

Germany vs Kazakhstan GDP by year

Germany
Kazakhstan
1x
Year GDP, current $
Germany Kazakhstan
2024 $4,685,592,577,805 $291,480,274,649
2023 $4,562,207,532,490 $261,840,101,060
2022 $4,201,021,706,479 $225,496,328,925
2021 $4,355,251,953,411 $197,112,255,361
2020 $3,941,398,957,074 $171,082,365,861
2019 $3,959,894,794,039 $181,667,184,855
2018 $4,055,433,215,302 $179,339,977,690
2017 $3,765,351,626,106 $166,805,788,827
2016 $3,536,787,895,179 $137,278,320,084
2015 $3,425,099,578,746 $184,388,404,706
2014 $3,964,870,735,761 $221,415,613,595
2013 $3,807,023,797,051 $236,634,603,409
2012 $3,596,483,233,406 $207,998,568,866
2011 $3,823,575,803,794 $192,626,464,617
2010 $3,467,093,769,667 $148,047,348,241
2009 $3,478,545,516,684 $115,308,686,941
2008 $3,808,197,720,125 $133,441,648,852
2007 $3,484,056,680,855 $104,849,915,058
2006 $3,046,308,753,671 $81,003,864,630
2005 $2,893,393,187,362 $57,123,671,734
2004 $2,852,317,768,062 $43,151,647,003
2003 $2,534,715,518,349 $30,833,692,900
2002 $2,102,350,798,306 $24,636,598,527
2001 $1,966,381,496,642 $22,152,689,180
2000 $1,966,980,701,145 $18,291,990,662
1999 $2,213,873,468,587 $16,870,817,182
1998 $2,247,760,364,566 $22,135,245,507
1997 $2,218,790,886,533 $22,165,932,063
1996 $2,506,576,553,158 $21,035,357,937
1995 $2,593,053,091,306 $20,374,302,652
1994 $2,215,282,632,277 $21,250,792,886
1993 $2,078,954,217,438 $23,409,260,880
1992 $2,141,377,582,968 $24,917,355,372
1991 $1,875,792,575,133 $24,923,076,923
1990 $1,778,162,195,860 $26,932,016,270
1989 $1,404,092,925,205 -
1988 $1,406,367,016,372 -
1987 $1,302,932,318,825 -
1986 $1,050,092,624,516 -
1985 $735,218,723,093 -
1984 $727,767,760,979 -
1983 $773,507,930,295 -
1982 $779,421,633,755 -
1981 $803,404,797,058 -
1980 $953,772,499,462 -
1979 $884,574,218,333 -
1978 $743,182,891,918 -
1977 $602,698,323,086 -
1976 $521,658,712,133 -
1975 $492,434,094,920 -
1974 $446,934,971,657 -
1973 $399,833,571,167 -
1972 $300,899,944,795 -
1971 $250,900,942,397 -
1970 $216,629,229,947 -
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/kazakhstan | CC BY

GDP per capita in Germany vs Kazakhstan by year

Germany
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 $14,155 $40,891
2023 $54,777 $71,684 $12,879 $38,515
2022 $50,507 $69,049 $11,255 $35,895
2021 $52,349 $62,531 $9,984 $32,946
2020 $47,395 $58,686 $8,782 $29,040
2019 $47,656 $59,271 $9,457 $28,689
2018 $48,916 $56,273 $9,472 $25,096
2017 $45,554 $54,110 $8,943 $23,973
2016 $42,949 $51,570 $7,476 $23,023
2015 $41,930 $48,545 $10,196 $22,484
2014 $48,960 $47,939 $12,428 $23,958
2013 $47,207 $45,889 $13,478 $23,754
2012 $44,718 $44,229 $12,019 $21,367
2011 $47,631 $43,398 $11,287 $20,160
2010 $42,397 $39,726 $8,793 $18,642
2009 $42,472 $37,574 $6,938 $17,389
2008 $46,379 $38,444 $8,124 $17,278
2007 $42,351 $36,914 $6,449 $16,581
2006 $36,980 $34,741 $5,030 $14,966
2005 $35,084 $32,314 $3,577 $13,226
2004 $34,567 $31,753 $2,722 $11,777
2003 $30,711 $30,301 $1,958 $10,532
2002 $25,487 $29,514 $1,574 $9,504
2001 $23,878 $28,674 $1,422 $8,568
2000 $23,926 $27,474 $1,180 $7,418
1999 $26,965 $26,518 $1,092 $6,626
1998 $27,396 $25,446 $1,415 $6,284
1997 $27,047 $24,649 $1,382 $6,178
1996 $30,600 $24,169 $1,281 $5,836
1995 $31,747 $23,631 $1,218 $5,595
1994 $27,202 $22,869 $1,247 $5,860
1993 $25,617 $21,900 $1,355 $6,477
1992 $26,560 $21,746 $1,438 $6,945
1991 $23,443 $21,001 $1,442 $7,193
1990 $22,386 $19,468 $1,570 $7,874
1989 $17,829 - - -
1988 $17,997 - - -
1987 $16,739 - - -
1986 $13,511 - - -
1985 $9,464 - - -
1984 $9,347 - - -
1983 $9,900 - - -
1982 $9,950 - - -
1981 $10,246 - - -
1980 $12,183 - - -
1979 $11,322 - - -
1978 $9,517 - - -
1977 $7,711 - - -
1976 $6,659 - - -
1975 $6,259 - - -
1974 $5,660 - - -
1973 $5,065 - - -
1972 $3,824 - - -
1971 $3,204 - - -
1970 $2,771 - - -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/kazakhstan | CC BY

Germany's GDP per capita is $56,104, ranking 19/197, compared to $14,155 in Kazakhstan, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Germany Kazakhstan
Gross domestic product
$4.69T
2024
$291B
2024
GDP rank
3/197
2024
48/197
2024
GDP growth
-0.5%
2023-2024
5%
2023-2024
GDP per capita
$56,104
2024
$14,155
2024
GDP per capita rank
19/197
2024
71/197
2024
GDP per capita, PPP
$73,552
2024
$40,891
2024
GDP per capita PPP rank
20/197
2024
58/197
2024
Government debt
$2.97T
2024
$71.1B
2024
Debt-to-GDP ratio
63.5%
2024
24.4%
2024
Government debt per person
$35,606
2024
$3,450
2024
Government debt per person rank
21/185
2024
95/185
2024
Average annual personal income after taxes
$41,775
2026
$7,486
2026
Market capitalization of domestic companies
$2.04T
2024
$62.8B
2024
Number of millionaires
2,675,000
2025
44,307
2025
Number of billionaires
171
2025
6
2025
Income share by richest 10%
25%
2020
24.8%
2021
Income share by poorest 10%
2.9%
2020
4.3%
2021
Government expenditure, % of GDP
49.4%
2024
20.7%
2024
Consumer prices inflation
2.26%
2023-2024
8.7%
2023-2024
Central bank interest rate n/a
18%
2025
Unemployment rate
3.37%
2024
4.86%
2022
Population
82575542
21161809

Spending and national debt comparison by year

Germany
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Germany Kazakhstan
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 20.7% 24.4%
2023 48.1% 62.4% 23.4% 23%
2022 48.6% 64.4% 21.7% 23.5%
2021 50.7% 68% 22.1% 25.1%
2020 51.1% 68% 24.5% 26.4%
2019 45.5% 58.7% 20.2% 19.9%
2018 44.7% 60.8% 18.8% 20.3%
2017 44.5% 64% 24.1% 19.9%
2016 44.7% 68.3% 21.5% 19.7%
2015 44.5% 71.2% 22.9% 21.9%
2014 44.5% 74.5% 21.3% 14.5%
2013 45.2% 77.5% 19.8% 12.6%
2012 45.1% 79.8% 21.9% 12.1%
2011 45.3% 78.5% 21.2% 10.2%
2010 48.1% 81% 22.5% 10.7%
2009 48.3% 72.4% 23.5% 10.2%
2008 44.4% 65.2% 27.1% 6.77%
2007 43.5% 63.7% 23.7% 4.09%
2006 45.3% 66.4% 19.8% 6.68%
2005 46.9% 67.1% 22% 8.1%
2004 47% 65% 21.3% 11.4%
2003 48.5% 63.3% 21.4% 15%
2002 48.2% 59.8% 20.5% 17.6%
2001 47.7% 58.1% - -
2000 48.1% 59.2% - -
1999 48.5% 60.3% - -
1998 48.3% 59.4% - -
1997 48.8% 58.8% - -
1996 49.6% 57.7% - -
1995 55.2% 54.9% - -
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/germany/kazakhstan | CC BY

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Kazakhstan spent $60.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 24.4% in Kazakhstan, ranking 72/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Germany Kazakhstan
2024 -2.66% -1.6%
2023 -2.49% -1.52%
2022 -1.91% 0.11%
2021 -3.17% -4.97%
2020 -4.38% -7.04%
2019 1.33% -0.57%
2018 1.88% 2.58%
2017 1.34% -4.27%
2016 1.13% -4.5%
2015 0.91% -6.26%
2014 0.73% 2.48%
2013 0.12% 4.95%
2012 -0.05% 4.43%
2011 -0.84% 5.81%
2010 -4.42% 1.47%
2009 -3.18% -1.33%
2008 -0.26% 1.23%
2007 0.15% 5.13%
2006 -1.76% 7.65%
2005 -3.37% 6.08%
2004 -3.42% 3.29%
2003 -3.83% 4%
2002 -4.09% 1.92%
2001 -3.12% -
2000 -1.71% -
1999 -1.87% -
1998 -2.65% -
1997 -3.03% -
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/germany/kazakhstan | CC BY

In 2024, Germany's government deficit, the difference between spending and revenue, was $125B, equivalent to 2.66% of GDP. This compares to Kazakhstan's deficit of $4.66B, or 1.6% of GDP.

Over the past 23 years, Germany recorded a fiscal deficit in 15 of those years, while Kazakhstan ran a deficit in 9 years. On average, Germany posted an annual deficit equal to 1.4% of GDP, compared to surplus of 0.83% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Germany

Kazakhstan
1x
Year Consumer prices inflation
Germany Kazakhstan
2024 2.26% 8.7%
2023 5.95% 14.5%
2022 6.87% 15%
2021 3.07% 8%
2020 0.14% 6.8%
2019 1.45% 5.3%
2018 1.73% 6%
2017 1.51% 7.5%
2016 0.49% 14.6%
2015 0.51% 6.8%
2014 0.91% 6.6%
2013 1.5% 5.8%
2012 2.01% 5.1%
2011 2.08% 8.4%
2010 1.1% 7.1%
2009 0.31% 7.3%
2008 2.63% 17.2%
2007 2.3% 10.8%
2006 1.58% 8.6%
2005 1.55% 7.4%
2004 1.67% 7%
2003 1.03% 6.4%
2002 1.42% 6%
2001 1.98% 8.4%
2000 1.44% 13.2%
1999 0.59% 8.3%
1998 0.91% 7.1%
1997 1.94% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/kazakhstan | CC BY

Over the past 28 years, Germany has recorded an average annual inflation rate of 1.82%, compared with 8.98% in Kazakhstan. In 2024, inflation was 2.26% in Germany and 8.7% in Kazakhstan.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $2.09B
Chemicals & pharma $495M
Textiles & consumer goods $150M
Metals $123M
Processed food, beverages & tobacco $101M
Raw materials & minerals $98M
Miscellaneous $74.3M
Wood & paper products $32.9M
Raw agricultural goods $17.7M
Precious metals & jewellery $7.59M
Kazakhstan
Export category Export value
Raw materials & minerals $974M
Metals $120M
Machinery & equipment $23.5M
Wood & paper products $14.9M
Animal & marine products $7.93M
Chemicals & pharma $7.07M
Processed food, beverages & tobacco $5.17M
Raw agricultural goods $4.94M
Precious metals & jewellery $3.9M
Textiles & consumer goods $1.83M

Balance of trade

Germany Kazakhstan
Current account balance
$270B
2024
-$7.94B
2024
Current account balance ranking
2/190
2024
173/190
2024
Current account balance, % of GDP
+5.77%
2024
-2.72%
2024
Goods imports
$1.21T
2024
$61.8B
2024
Goods exports
$1.47T
2024
$79B
2024
Service imports
$548B
2024
$13B
2024
Service exports
$470B
2024
$11.8B
2024
Imports of goods and services, % of GDP
37.7%
2024
25.6%
2024
Exports of goods and services, % of GDP
41.4%
2024
31.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Kazakhstan
Economic freedom 71.7 64.2
Economic freedom ranking 30/197 75/197
Property rights 95.5 54.9
Government integrity 84.5 40.7
Judicial effectiveness 94.6 33.8
Tax burden 60.5 91.2
Government spending 28.8 85.6
Fiscal health 83.1 97.2
Business freedom 79.8 64.9
Labor freedom 52.2 63.5
Monetary freedom 72.5 64.3
Trade freedom 79.4 74.4
Investment freedom 60 50
Financial freedom 70 50

Economic freedom comparison by year

Germany
Kazakhstan
1x
Year Economic freedom index
Germany Kazakhstan
2026 71.7 64.2
2025 71.6 63.8
2024 72.1 62
2023 73.7 62.1
2022 76.1 64.4
2021 72.5 71.1
2020 73.5 69.6
2019 73.5 65.4
2018 74.2 69.1
2017 73.8 69
2016 74.4 63.6
2015 73.8 63.3
2014 73.4 63.7
2013 72.8 63
2012 71 63.6
2011 71.8 62.1
2010 71.1 61
2009 70.5 60.1
2008 70.6 61.1
2007 70.8 59.6
2006 70.8 60.2
2005 68.1 53.9
2004 69.5 49.7
2003 69.7 52.3
2002 70.4 52.4
2001 69.5 51.8
2000 65.7 50.4
1999 65.6 47.3
1998 64.3 41.7
1997 67.5 -
1996 69.1 -
1995 69.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/germany/kazakhstan | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Kazakhstan
Services, % of GDP
64%
2024
57.9%
2024
Industry, % of GDP
25.6%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
3.88%
2024
GNI, Atlas method
$4.6T
2024
$249B
2024
GNI per capita, PPP
$76,180
2024
$37,590
2024
Total reserves including gold
$378B
2024
$45.8B
2024
Total reserves ranking
10/177
2024
43/177
2024
Net foreign direct investment
$32.6B
2024
-$3.9B
2024
Net inflows of foreign direct investment
$47.6B
2024
$1.98B
2024
Net outflows of foreign direct investment
$80.2B
2024
-$1.92B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
14.8%
2021
5%
2024
Gross capital formation, % of GDP
21.5%
2024
27.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/germany/kazakhstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.