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Kazakhstan economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Kazakhstan ranked 49/197 by economy size with a GDP of $306B and 73/197 by GDP per capita at $14,692. Kazakhstan has $75.2B in government debt, with a debt-to-GDP ratio of 24.6%.

In 2025, Kazakhstan made up 0.26% of the world's economy, compared to 0.12% in 1990.

Kazakhstan GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $306,239,209,650 6.5%
2024 $291,480,274,649 5%
2023 $261,840,101,060 5.1%
2022 $225,496,328,925 3.2%
2021 $197,112,255,361 4.3%
2020 $171,082,365,861 -2.5%
2019 $181,667,184,855 4.5%
2018 $179,339,977,690 4.1%
2017 $166,805,788,827 4.1%
2016 $137,278,320,084 1.1%
2015 $184,388,404,706 1.2%
2014 $221,415,613,595 4.2%
2013 $236,634,603,409 6%
2012 $207,998,568,866 4.8%
2011 $192,626,464,617 7.4%
2010 $148,047,348,241 7.3%
2009 $115,308,686,941 1.2%
2008 $133,441,648,852 3.3%
2007 $104,849,915,058 8.9%
2006 $81,003,864,630 10.7%
2005 $57,123,671,734 9.7%
2004 $43,151,647,003 9.6%
2003 $30,833,692,900 9.3%
2002 $24,636,598,527 9.8%
2001 $22,152,689,180 13.5%
2000 $18,291,990,662 9.8%
1999 $16,870,817,182 2.7%
1998 $22,135,245,507 -1.9%
1997 $22,165,932,063 1.7%
1996 $21,035,357,937 0.5%
1995 $20,374,302,652 -8.2%
1994 $21,250,792,886 -12.6%
1993 $23,409,260,880 -9.2%
1992 $24,917,355,372 -5.3%
1991 $24,923,076,923 -11%
1990 $26,932,016,270 -

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

Kazakhstan GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $14,692 -
2024 $14,155 $40,891
2023 $12,879 $38,515
2022 $11,255 $35,895
2021 $9,984 $32,946
2020 $8,782 $29,040
2019 $9,457 $28,689
2018 $9,472 $25,096
2017 $8,943 $23,973
2016 $7,476 $23,023
2015 $10,196 $22,484
2014 $12,428 $23,958
2013 $13,478 $23,754
2012 $12,019 $21,367
2011 $11,287 $20,160
2010 $8,793 $18,642
2009 $6,938 $17,389
2008 $8,124 $17,278
2007 $6,449 $16,581
2006 $5,030 $14,966
2005 $3,577 $13,226
2004 $2,722 $11,777
2003 $1,958 $10,532
2002 $1,574 $9,504
2001 $1,422 $8,568
2000 $1,180 $7,418
1999 $1,092 $6,626
1998 $1,415 $6,284
1997 $1,382 $6,178
1996 $1,281 $5,836
1995 $1,218 $5,595
1994 $1,247 $5,860
1993 $1,355 $6,477
1992 $1,438 $6,945
1991 $1,442 $7,193
1990 $1,570 $7,874

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

Kazakhstan has a GDP per capita of $14,692, ranking 73/197, a GDP per capita based on purchasing power parity (PPP) of $40,891, ranking 58/197, and a median annual after tax income of $8,395, ranking 83/197.

Kazakhstan GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 47 64 -
2024 49 68 53
2023 51 73 55
2022 54 74 55
2021 54 73 50
2020 53 74 52
2019 54 77 57
2018 55 77 58
2017 54 77 60
2016 55 82 60
2015 51 66 59
2014 49 64 58
2013 45 62 54
2012 50 67 59
2011 49 65 60
2010 50 70 61
2009 54 79 62
2008 53 74 64
2007 54 77 64
2006 55 82 63
2005 58 90 64
2004 58 96 65
2003 62 107 68
2002 64 109 73
2001 65 112 75
2000 72 117 82
1999 75 119 85
1998 64 112 86
1997 64 111 82
1996 65 113 81
1995 64 112 82
1994 61 105 78
1993 58 94 66
1992 57 91 63
1991 58 92 62
1990 59 89 56

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

Compared with 2000, in 2025 Kazakhstan is ranked 47th out of 179 by GDP (up from 72nd), 64th by GDP per capita (up from 117th), and 53rd by GDP per capita PPP (up from 82nd).

Economic indicators

Kazakhstan Rank
Gross domestic product
$306B
2025
49/197
GDP growth
6.5%
2024-2025
25/194
GDP per capita
$14,692
2025
73/197
GDP per capita, PPP
$40,891
2024
58/197
Government debt
$75.2B
2025
63/185
Debt-to-GDP ratio
24.6%
2025
167/185
Government debt per person
$3,609
2025
96/185
Average annual personal income after taxes
$8,395
2026
83/197
Listed domestic companies
80
2025
57/103
Market capitalization of domestic companies
$158B
2025
38/100
Number of millionaires
44,307
2024
37/40
Millionaire frequency
1 in 295
2025
34/40
Number of billionaires
6
2026
41/74
Billionaire frequency
1 in 2,181,346
2026
47/74
Income share by richest 10%
24.8%
2021
119/169
Income share by poorest 10%
4.3%
2021
5/169
Government expenditure, % of GDP
21.8%
2025
140/195
Consumer prices inflation
11.4%
2024-2025
22/195
Central bank interest rate
17%
2026
11/106
Unemployment rate
4.9%
2022
108/196
Population
21211812
65/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 21.8% 24.6% -3.11%
2024 22.7% 24.4% -3.43%
2023 23.4% 23% -1.41%
2022 21.7% 23.5% 0.11%
2021 22.1% 25.1% -4.97%
2020 24.5% 26.4% -7.04%
2019 20.2% 19.9% -0.57%
2018 18.8% 20.3% 2.58%
2017 24.1% 19.9% -4.27%
2016 21.5% 19.7% -4.5%
2015 22.9% 21.9% -6.26%
2014 21.3% 14.5% 2.48%
2013 19.8% 12.6% 4.95%
2012 21.9% 12.1% 4.43%
2011 21.2% 10.2% 5.81%
2010 22.5% 10.7% 1.47%
2009 23.5% 10.2% -1.33%
2008 27.1% 6.77% 1.23%
2007 23.7% 4.09% 5.13%
2006 19.8% 6.68% 7.65%
2005 22% 8.1% 6.08%
2004 21.3% 11.4% 3.29%
2003 21.4% 15% 4%
2002 20.5% 17.6% 1.92%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

This chart shows Kazakhstan's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of them, with an average annual surplus equal to 0.59% of GDP. In 2025, government spending reached $66.9B (21.8% of GDP), with a deficit of 3.11%.

The national debt reached $75.2B, ranking 63rd out of 185 countries by total size, with a debt-to-GDP ratio of 24.6%, ranking 167th.

Inflation rate by year

1x
Year Inflation
2025 11.4%
2024 8.7%
2023 14.5%
2022 15%
2021 8%
2020 6.8%
2019 5.3%
2018 6%
2017 7.5%
2016 14.6%
2015 6.8%
2014 6.6%
2013 5.8%
2012 5.1%
2011 8.4%
2010 7.1%
2009 7.3%
2008 17.2%
2007 10.8%
2006 8.6%
2005 7.4%
2004 7%
2003 6.4%
2002 6%
2001 8.4%
2000 13.2%
1999 8.3%
1998 7.1%
1997 17.4%
1996 39.2%
1995 176.4%
1994 1,402%
1993 1,662%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1993–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

Over the past 20 years, Kazakhstan has had an average annual inflation rate of 9.07%. In 2025, inflation was 11.4%. The bar chart above shows consumer price inflation by year.

Balance of trade

Kazakhstan Rank
Current account balance
-$12.5B
2025
177/190
Current account balance, % of GDP
-4.07%
2025
128/190
Goods imports
$66.3B
2025
50/189
Goods exports
$77.3B
2025
45/189
Service imports
$14B
2025
62/189
Service exports
$12.8B
2025
64/189
Imports of goods and services, % of GDP
25.6%
2024
147/182
Exports of goods and services, % of GDP
31.6%
2024
107/193

Kazakhstan top 10 trading partners

Kazakhstan's biggest trading partner accounting for 23.8% of all exports and imports is China, with a trade balance between the two of -$3.73B: Kazakhstan exports $15.2B worth of goods and services to China and imports $18.9B.

Below is the list of the top 10 trade partners of Kazakhstan.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $34.1B 23.8% $15.2B $18.9B Raw materials & minerals Machinery & equipment
2 Russia $27.4B 19.1% $8.14B $19.2B Raw materials & minerals Raw materials & minerals
3 Italy $16.9B 11.8% $15.6B $1.28B Raw materials & minerals Machinery & equipment
4 Netherlands $6.33B 4.41% $5.98B $351M Raw materials & minerals Machinery & equipment
5 Turkey $5.41B 3.77% $3.9B $1.51B Metals Textiles & consumer goods
6 France $4.85B 3.38% $3.33B $1.53B Raw materials & minerals Machinery & equipment
7 Uzbekistan $4.8B 3.34% $3.52B $1.28B Raw agricultural goods Machinery & equipment
8 Germany $4.39B 3.05% $1.25B $3.14B Raw materials & minerals Machinery & equipment
9 United States $3.21B 2.23% $1.03B $2.18B Raw materials & minerals Machinery & equipment
10 South Korea $3.17B 2.21% $928M $2.25B Raw materials & minerals Machinery & equipment

Top 10 exports

Kazakhstan Rank
Raw materials & minerals $54.3B 23/193
Metals $10.3B 32/192
Transport & tourism services $8.57B 56/191
Machinery & equipment $3.76B 59/193
Raw agricultural goods $3.71B 36/193
Processed food, beverages & tobacco $2.93B 54/192
Business & finance services $1.93B 71/189
Precious metals & jewellery $1.46B 60/190
Chemicals & pharma $1.28B 70/193
IT & IP services $894M 69/185

Top 10 imports

Kazakhstan Rank
Machinery & equipment $28.9B 45/193
Chemicals & pharma $7.96B 52/193
Transport & tourism services $7.77B 61/191
Raw materials & minerals $6.26B 62/193
Metals $5.72B 47/193
Textiles & consumer goods $5.64B 51/193
Processed food, beverages & tobacco $4.69B 48/193
Business & finance services $3.11B 60/189
Raw agricultural goods $1.56B 65/193
Wood & paper products $1.4B 55/193

Economic freedom indices

Kazakhstan Rank
Economic freedom 64.2 75/197
Property rights 54.9 80/182
Government integrity 40.7 95/182
Judicial effectiveness 33.8 117/182
Tax burden 91.2 25/182
Government spending 85.6 45/180
Fiscal health 97.2 17/181
Business freedom 64.9 94/182
Labor freedom 63.5 29/182
Monetary freedom 64.3 152/180
Trade freedom 74.4 76/181
Investment freedom 50 113/181
Financial freedom 50 84/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 64.2 33.8 91.2 85.6 97.2
2025 63.8 34.8 91.7 85.1 91.8
2024 62 33.8 92.6 84.4 73.7
2023 62.1 36.9 93 85.1 70.6
2022 64.4 34.5 92.7 86.5 93.5
2021 71.1 62.8 93.6 86.7 98.3
2020 69.6 62.1 92.3 85.5 84.1
2019 65.4 56.1 93.4 83.7 41
2018 69.1 58.1 92.6 85.3 87.3
2017 69 56.5 93.3 85.7 98.9
2016 63.6 - 93 87.7 -
2015 63.3 - 93.2 85 -
2014 63.7 - 92.9 85 -
2013 63 - 93.2 84.5 -
2012 63.6 - 90.4 83.4 -
2011 62.1 - 87.3 78.5 -
2010 61 - 87.9 82.1 -
2009 60.1 - 82.8 87.5 -
2008 61.1 - 80.1 84.7 -
2007 59.6 - 81.4 83.7 -
2006 60.2 - 81.6 83.9 -
2005 53.9 - 82.6 85.9 -
2004 49.7 - 77 84.1 -
2003 52.3 - 77.9 85.2 -
2002 52.4 - 79.3 84.1 -
2001 51.8 - 79.2 88 -
2000 50.4 - 80.6 88 -
1999 47.3 - 73.7 89.6 -
1998 41.7 - 73.3 85.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

Kazakhstan is ranked 68/174 for economic freedom with a score of 64.2, compared to 74/162 and a score of 60.2 in 2006.

Other economic metrics

Kazakhstan Rank
Services, % of GDP
57.7%
2025
90/191
Industry, % of GDP
32.3%
2025
46/194
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
119/193
GNI, Atlas method
$286B
2025
50/194
GNI per capita, PPP
$41,090
2025
53/191
Total reserves including gold
$66.1B
2025
40/177
Net foreign direct investment
$1.38B
2025
23/189
Net inflows of foreign direct investment
$2.09B
2024
66/193
Net outflows of foreign direct investment
-$1.9B
2024
187/193
Servicing debt to the IMF, % of GNI
17.3%
2024
7/121
Poverty at national poverty lines
5%
2024
169/176
Gross capital formation, % of GDP
27.2%
2024
48/179

Compare Kazakhstan vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. The Heritage Foundation | Economic Freedom Index (1998–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.