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Economy of Kazakhstan vs Kiribati compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $288B compared to $308M for Kiribati, ranking 50/197 and 192/197 by economy size, respectively.

Kazakhstan has $71.5B in government debt (25.4% of GDP), compared to $30.5M (8.77% of GDP) in Kiribati.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kazakhstan
GDP, current $

GDP, constant 2015 $
Kiribati
GDP, current $

GDP, constant 2015 $
Year GDP
Kazakhstan Kiribati
Current $ Constant $ Current $ Constant $
1970 - - $11,560,877 $84,746,575
1971 - - $12,356,134 $82,805,827
1972 - - $15,314,346 $92,808,131
1973 - - $25,645,040 $112,214,203
1974 - - $69,256,489 $163,050,326
1975 - - $44,547,454 $171,764,420
1976 - - $33,246,817 $125,786,121
1977 - - $31,335,459 $119,984,073
1978 - - $36,563,965 $121,255,417
1979 - - $34,466,197 $107,207,984
1980 - - $33,157,723 $106,050,818
1981 - - $35,267,489 $112,543,455
1982 - - $32,742,713 $111,316,560
1983 - - $31,000,546 $100,432,092
1984 - - $34,394,167 $114,410,720
1985 - - $26,126,615 $99,262,600
1986 - - $25,993,009 $96,815,059
1987 - - $29,554,413 $98,066,620
1988 - - $38,278,810 $119,685,813
1989 - - $37,645,319 $110,957,795
1990 $26,932,016,270 $95,326,487,410 $36,534,295 $103,872,769
1991 $24,923,076,923 $84,840,573,793 $41,247,792 $98,005,325
1992 $24,917,355,372 $80,344,023,383 $61,491,369 $121,486,649
1993 $23,409,260,880 $72,952,373,230 $58,953,596 $121,360,309
1994 $21,250,792,886 $63,760,374,204 $67,055,334 $123,842,439
1995 $20,374,302,652 $58,532,023,519 $68,596,395 $127,250,841
1996 $21,035,357,937 $58,824,683,638 $81,456,854 $127,184,611
1997 $22,165,932,063 $59,824,703,259 $80,205,807 $128,681,743
1998 $22,135,245,507 $58,688,033,898 $74,905,706 $134,398,139
1999 $16,870,817,182 $60,272,610,812 $77,323,978 $129,137,484
2000 $18,291,990,662 $66,179,326,673 $74,910,527 $137,844,792
2001 $22,152,689,180 $75,113,535,772 $64,935,850 $133,510,774
2002 $24,636,598,527 $82,474,662,278 $74,743,869 $135,442,881
2003 $30,833,692,900 $90,144,805,870 $96,105,619 $133,309,024
2004 $43,151,647,003 $98,798,707,234 $104,085,892 $132,497,215
2005 $57,123,671,734 $108,382,181,835 $113,895,437 $134,209,649
2006 $81,003,864,630 $119,979,075,292 $112,338,353 $141,962,853
2007 $104,849,915,058 $130,657,212,993 $138,054,946 $146,299,931
2008 $133,441,648,852 $134,968,901,022 $147,017,895 $141,933,271
2009 $115,308,686,941 $136,588,527,833 $140,177,384 $142,695,171
2010 $148,047,348,241 $146,559,490,370 $165,458,433 $144,444,545
2011 $192,626,464,617 $157,404,892,659 $195,970,140 $149,158,821
2012 $207,998,568,866 $164,960,327,499 $207,001,546 $157,815,491
2013 $236,634,603,409 $174,857,947,144 $201,730,861 $170,016,084
2014 $221,415,613,595 $182,201,980,934 $200,287,282 $172,164,514
2015 $184,388,404,706 $184,388,404,706 $191,559,399 $191,559,399
2016 $137,278,320,084 $186,416,677,156 $206,467,819 $205,137,195
2017 $166,805,788,827 $194,059,760,924 $222,875,736 $212,828,030
2018 $179,339,977,690 $202,016,211,109 $233,514,717 $220,233,253
2019 $181,667,184,855 $211,106,940,611 $216,985,388 $227,422,300
2020 $171,082,365,861 $205,829,267,103 $220,897,999 $224,083,588
2021 $197,112,255,361 $214,679,925,583 $285,259,894 $243,085,289
2022 $225,496,328,925 $221,549,683,201 $270,040,457 $254,185,355
2023 $261,840,101,060 $232,848,717,044 $288,610,732 $260,926,379
2024 $288,406,138,231 $244,025,455,462 $307,862,547 $274,669,108

Economic indicators

Kazakhstan Kiribati
Gross domestic product
$288B
2024
$308M
2024
GDP rank
50/197
2024
192/197
2024
GDP growth
10.1%
2023-2024
6.67%
2023-2024
GDP per capita
$14,005
2024
$2,289
2024
GDP per capita rank
72/197
2024
151/197
2024
GDP per capita, PPP
$40,813
2024
$3,702
2024
Government debt
$71.5B
2024
$30.5M
2024
Debt-to-GDP ratio
25.4%
2025
8.77%
2025
Government debt per person
$3,474
2024
$226.9
2024
Government debt per person rank
96/185
2024
181/185
2024
Average annual personal income after taxes
$7,117
2025
$2,170
2025
Market capitalization of domestic companies
$62.8B
2024
n/a
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
24.8%
2021
22.8%
2019
Income share by poorest 10%
4.3%
2021
4%
2019
Government expenditure, % of GDP
20.6%
2025
126.6%
2025
Consumer prices inflation
11.4%
2024-2025
7.8%
2024-2025
Central bank interest rate
16.5%
2025
n/a
Unemployment rate
4.86%
2022
2.79%
2023
Population
21036432
138067

GDP per capita in Kazakhstan vs Kiribati

Kazakhstan's GDP per capita is $14,005, ranking 72/197, compared to $2,289 in Kiribati, ranking 151/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,813, while Kiribati ranks 169th at $3,702.

Kazakhstan
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
Year Current $
Kazakhstan Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $201 -
1971 - - $210.7 -
1972 - - $256.2 -
1973 - - $422 -
1974 - - $1,131 -
1975 - - $730 -
1976 - - $548 -
1977 - - $520 -
1978 - - $611 -
1979 - - $573 -
1980 - - $542 -
1981 - - $568 -
1982 - - $519 -
1983 - - $483 -
1984 - - $527 -
1985 - - $393 -
1986 - - $382 -
1987 - - $424 -
1988 - - $536 -
1989 - - $515 -
1990 $1,570 $7,874 $488 $1,192
1991 $1,442 $7,193 $540 $1,139
1992 $1,438 $6,945 $792 $1,421
1993 $1,355 $6,477 $748 $1,431
1994 $1,247 $5,860 $838 $1,469
1995 $1,218 $5,595 $844 $1,518
1996 $1,281 $5,836 $986 $1,519
1997 $1,382 $6,178 $953 $1,535
1998 $1,415 $6,284 $874 $1,593
1999 $1,092 $6,626 $887 $1,526
2000 $1,180 $7,418 $845 $1,638
2001 $1,422 $8,568 $719 $1,591
2002 $1,574 $9,504 $810 $1,605
2003 $1,958 $10,532 $1,021 $1,578
2004 $2,722 $11,777 $1,083 $1,579
2005 $3,577 $13,226 $1,162 $1,617
2006 $5,030 $14,966 $1,123 $1,728
2007 $6,449 $16,581 $1,353 $1,792
2008 $8,124 $17,278 $1,411 $1,735
2009 $6,938 $17,389 $1,317 $1,718
2010 $8,793 $18,642 $1,522 $1,724
2011 $11,287 $20,160 $1,771 $1,786
2012 $12,019 $21,367 $1,844 $1,896
2013 $13,478 $23,754 $1,772 $2,049
2014 $12,428 $23,958 $1,737 $2,084
2015 $10,196 $22,484 $1,640 $2,311
2016 $7,476 $23,023 $1,743 $2,463
2017 $8,943 $23,973 $1,853 $2,562
2018 $9,472 $25,096 $1,913 $2,672
2019 $9,457 $28,689 $1,751 $2,763
2020 $8,782 $29,040 $1,752 $2,711
2021 $9,984 $32,946 $2,222 $3,020
2022 $11,255 $35,895 $2,070 $3,329
2023 $12,879 $38,515 $2,178 $3,486
2024 $14,005 $40,813 $2,289 $3,702

Spending and national debt comparison

In 2024, Kazakhstan's government spending was $60.7B, accounting for 20.6% of its GDP, while Kiribati's spent $302M, or 126.6% of GDP.

Debt-to-GDP ratio is 25.4% in Kazakhstan and 8.77% in Kiribati, ranking 169/185 and 180/185, respectively.

Kazakhstan
Government spending

Government debt
Kiribati
Government spending

Government debt
Year % of GDP
Kazakhstan Kiribati
Government spending Government debt Government spending Government debt
1990 - - 105.5% 7.72%
1991 - - 82.1% 8.43%
1992 - - 65.9% 7.31%
1993 - - 55.3% 10.9%
1994 - - 54.6% 12.3%
1995 - - 69.6% 12.3%
1996 - - 68.4% 11%
1997 - - 70.9% 10.7%
1998 - - 74.7% 9.81%
1999 - - 77.6% 11.8%
2000 - - 66% 12.7%
2001 - - 101.3% 17%
2002 20.5% 17.6% 96.9% 13.3%
2003 21.4% 15% 84.4% 12.3%
2004 21.3% 11.4% 103.8% 13.6%
2005 22% 8.1% 95.6% 12.1%
2006 19.8% 6.68% 82.1% 12.9%
2007 23.7% 4.09% 77.3% 11.1%
2008 27.1% 6.77% 79.4% 13.9%
2009 23.5% 10.2% 74.7% 10.3%
2010 22.5% 10.7% 75.7% 9.43%
2011 21.2% 10.2% 80.9% 8.8%
2012 21.9% 12.1% 83.9% 8.13%
2013 19.8% 12.6% 78% 8.86%
2014 21.3% 14.5% 101.2% 8.97%
2015 22.9% 21.9% 90.9% 18.8%
2016 21.5% 19.7% 99% 21.2%
2017 24.1% 19.9% 92.1% 20.2%
2018 18.8% 20.3% 108.8% 19%
2019 20.2% 19.9% 108.3% 19%
2020 24.5% 26.4% 102.2% 21%
2021 22.1% 25.1% 84% 17.3%
2022 21.7% 23.5% 87.5% 16.3%
2023 23.4% 23% 95.3% 11.4%
2024 21% 24.8% 98.1% 9.92%
2025 20.6% 25.4% 126.6% 8.77%

Government deficit by year

In 2024, Kazakhstan's government deficit, the difference between spending and revenue, was -$4.68B, equivalent to -1.62% of GDP. This compares to Kiribati's deficit of -$67.7M, or -22% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Kiribati ran a deficit in 13 years. On average, Kazakhstan posted an annual surplus equal to +0.83% of GDP, compared to deficit of -0.12% of GDP for Kiribati.

Deficit/surplus
Kazakhstan

Kiribati
Year Deficit/surplus, % of GDP
Kazakhstan Kiribati
1990 - -4.62%
1991 - 3.87%
1992 - 0.79%
1993 - 6.27%
1994 - 0.74%
1995 - -5.14%
1996 - -20.2%
1997 - 5.92%
1998 - 14.6%
1999 - -1.81%
2000 - -0.03%
2001 - -10.9%
2002 1.92% 3.13%
2003 4% -8.93%
2004 3.29% -19.2%
2005 6.08% -9.96%
2006 7.65% -12.3%
2007 5.13% -12.5%
2008 1.23% -15.8%
2009 -1.33% -8.56%
2010 1.47% -7.8%
2011 5.81% -17.6%
2012 4.43% -5.43%
2013 4.95% 11.8%
2014 2.48% 35%
2015 -6.26% 42.5%
2016 -4.5% 20.1%
2017 -4.27% 34.1%
2018 2.58% 5.18%
2019 -0.57% 10.8%
2020 -7.04% 3.57%
2021 -4.97% -10.8%
2022 0.11% -18.3%
2023 -1.52% 0.13%
2024 -1.62% -22%
2025 -3.15% -15.1%

Inflation comparison by year

Over the past 30 years, Kazakhstan has recorded an average annual inflation rate of 10.1%, compared with 2.3% in Kiribati. In 2025, inflation was 11.4% in Kazakhstan and 7.8% in Kiribati.

Inflation
Kazakhstan

Kiribati
Year Inflation
Kazakhstan Kiribati Kazakhstan Kiribati
1996 39.2% -1.7%
1997 17.4% 2.6%
1998 7.1% 3.7%
1999 8.3% 1.8%
2000 13.2% 0.4%
2001 8.4% 6%
2002 6% 3.2%
2003 6.4% 1.6%
2004 7% -0.7%
2005 7.4% -0.4%
2006 8.6% -1%
2007 10.8% 3.6%
2008 17.2% 13.7%
2009 7.3% 9.8%
2010 7.1% -3.9%
2011 8.4% 1.5%
2012 5.1% -3%
2013 5.8% -1.5%
2014 6.6% 2.1%
2015 6.8% 0.6%
2016 14.6% 1.9%
2017 7.5% 0.4%
2018 6% 0.6%
2019 5.3% -1.8%
2020 6.8% 2.6%
2021 8% 2.1%
2022 15% 5.3%
2023 14.5% 9.3%
2024 8.7% 2.5%
2025 11.4% 7.8%

Balance of trade

Kazakhstan Kiribati
Current account balance
-$4.98B
2024
-$59.5M
2024
Current account balance ranking
166/189
2024
81/189
2024
Current account balance, % of GDP
-1.73%
2024
-19.3%
2024
Goods imports
$61.2B
2024
$227M
2024
Goods exports
$78.8B
2024
$8.49M
2024
Service imports
$13B
2024
$108M
2024
Service exports
$11.8B
2024
$7M
2024
Imports of goods and services, % of GDP
27.5%
2023
94.9%
2024
Exports of goods and services, % of GDP
34.5%
2023
6.27%
2024

Economic freedom indices

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

Kazakhstan Kiribati
Economic freedom 63.8 50.9
Economic freedom ranking 74/197 159/197
Property rights 54.7 68.5
Government integrity 39.9 48.9
Judicial effectiveness 34.8 59.9
Tax burden 91.7 72.9
Government spending 85.1 0
Fiscal health 91.8 19.7
Business freedom 69.3 62.8
Labor freedom 63.2 65.3
Monetary freedom 61.3 72.5
Trade freedom 73.2 80
Investment freedom 50 30
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Kazakhstan is 63.8, ranking 74/197, compared to 50.9 for Kiribati, ranking 159/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kazakhstan
Kiribati
Year Economic freedom index
Kazakhstan Kiribati
1998 41.7 -
1999 47.3 -
2000 50.4 -
2001 51.8 -
2002 52.4 -
2003 52.3 -
2004 49.7 -
2005 53.9 -
2006 60.2 -
2007 59.6 -
2008 61.1 -
2009 60.1 45.7
2010 61 43.7
2011 62.1 44.8
2012 63.6 46.9
2013 63 45.9
2014 63.7 46.3
2015 63.3 46.4
2016 63.6 46.2
2017 69 50.9
2018 69.1 50.8
2019 65.4 47.3
2020 69.6 45.2
2021 71.1 44.4
2022 64.4 59.2
2023 62.1 58.8
2024 62 51.3
2025 63.8 50.9

More economic indicators

Kazakhstan Kiribati
Services, % of GDP
58.2%
2024
65.7%
2022
Industry, % of GDP
31.4%
2024
9.86%
2022
Agriculture, forestry, and fishing, % of GDP
3.94%
2024
27.8%
2022
GNI, Atlas method
$250B
2024
$487M
2024
GNI per capita, PPP
$37,870
2024
$5,990
2024
Total reserves including gold
$45.8B
2024
n/a
Total reserves ranking
43/177
2024
n/a
Net foreign direct investment
-$1.21B
2024
-$8.06M
2024
Net inflows of foreign direct investment
-$682M
2024
$8.07M
2024
Net outflows of foreign direct investment
-$1.89B
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
19%
2023
n/a
Poverty at national poverty lines
5%
2024
5.5%
2023
Gross capital formation, % of GDP
29.8%
2023
20.4%
2022

GDP per capita map

GDP per capita

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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.