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Economy of Kazakhstan vs Lithuania compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $84.9B for Lithuania, ranking 48/197 and 79/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Kazakhstan vs Lithuania GDP by year

Kazakhstan
Lithuania
1x
Year GDP, current $
Kazakhstan Lithuania
2024 $291,480,274,649 $84,869,215,513
2023 $261,840,101,060 $79,789,877,416
2022 $225,496,328,925 $71,033,884,500
2021 $197,112,255,361 $67,037,321,009
2020 $171,082,365,861 $57,412,038,533
2019 $181,667,184,855 $55,122,066,226
2018 $179,339,977,690 $54,261,795,149
2017 $166,805,788,827 $47,756,764,508
2016 $137,278,320,084 $42,970,749,245
2015 $184,388,404,706 $41,540,954,817
2014 $221,415,613,595 $48,306,546,657
2013 $236,634,603,409 $46,303,660,422
2012 $207,998,568,866 $42,709,372,067
2011 $192,626,464,617 $43,186,501,863
2010 $148,047,348,241 $36,638,128,534
2009 $115,308,686,941 $37,494,380,039
2008 $133,441,648,852 $47,831,254,208
2007 $104,849,915,058 $39,729,151,615
2006 $81,003,864,630 $30,116,192,747
2005 $57,123,671,734 $26,105,207,115
2004 $43,151,647,003 $22,743,164,431
2003 $30,833,692,900 $18,809,197,970
2002 $24,636,598,527 $14,282,292,665
2001 $22,152,689,180 $12,260,761,329
2000 $18,291,990,662 $11,550,695,727
1999 $16,870,817,182 $11,022,095,814
1998 $22,135,245,507 $11,289,161,847
1997 $22,165,932,063 $10,168,271,903
1996 $21,035,357,937 $8,430,207,164
1995 $20,374,302,652 $7,921,210,340
1994 $21,250,792,886 -
1993 $23,409,260,880 -
1992 $24,917,355,372 -
1991 $24,923,076,923 -
1990 $26,932,016,270 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Kazakhstan vs Lithuania by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $29,384 $55,286
2023 $12,879 $38,515 $27,786 $52,348
2022 $11,255 $35,895 $25,086 $50,936
2021 $9,984 $32,946 $23,870 $45,874
2020 $8,782 $29,040 $20,429 $41,263
2019 $9,457 $28,689 $19,609 $40,564
2018 $9,472 $25,096 $19,247 $36,492
2017 $8,943 $23,973 $16,800 $31,305
2016 $7,476 $23,023 $14,934 $28,699
2015 $10,196 $22,484 $14,270 $26,949
2014 $12,428 $23,958 $16,446 $26,275
2013 $13,478 $23,754 $15,637 $24,890
2012 $12,019 $21,367 $14,288 $23,275
2011 $11,287 $20,160 $14,262 $21,558
2010 $8,793 $18,642 $11,829 $18,719
2009 $6,938 $17,389 $11,854 $17,055
2008 $8,124 $17,278 $14,956 $19,410
2007 $6,449 $16,581 $12,295 $17,969
2006 $5,030 $14,966 $9,210 $15,522
2005 $3,577 $13,226 $7,857 $13,951
2004 $2,722 $11,777 $6,735 $12,605
2003 $1,958 $10,532 $5,507 $11,660
2002 $1,574 $9,504 $4,148 $10,296
2001 $1,422 $8,568 $3,533 $9,399
2000 $1,180 $7,418 $3,301 $8,475
1999 $1,092 $6,626 $3,128 $7,918
1998 $1,415 $6,284 $3,181 $7,846
1997 $1,382 $6,178 $2,844 $7,167
1996 $1,281 $5,836 $2,341 $6,479
1995 $1,218 $5,595 $2,183 $6,023
1994 $1,247 $5,860 - $5,667
1993 $1,355 $6,477 - $6,107
1992 $1,438 $6,945 - $7,087
1991 $1,442 $7,193 - $8,790
1990 $1,570 $7,874 - $9,030

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Lithuania ranks 39th at $55,286.

Economic indicators

Kazakhstan Lithuania
Gross domestic product
$291B
2024
$84.9B
2024
GDP rank
48/197
2024
79/197
2024
GDP growth
5%
2023-2024
2.77%
2023-2024
GDP per capita
$14,155
2024
$29,384
2024
GDP per capita rank
71/197
2024
43/197
2024
GDP per capita, PPP
$40,891
2024
$55,286
2024
GDP per capita PPP rank
58/197
2024
39/197
2024
Government debt
$71.1B
2024
$32.4B
2024
Debt-to-GDP ratio
24.4%
2024
38.2%
2024
Government debt per person
$3,450
2024
$11,232
2024
Government debt per person rank
95/185
2024
49/185
2024
Average annual personal income after taxes
$7,486
2026
$19,946
2026
Market capitalization of domestic companies
$62.8B
2024
n/a
Number of millionaires
44,307
2025
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
24.8%
2021
27.3%
2023
Income share by poorest 10%
4.3%
2021
2.2%
2023
Government expenditure, % of GDP
20.7%
2024
39.5%
2024
Consumer prices inflation
8.7%
2023-2024
0.72%
2023-2024
Central bank interest rate
18%
2025
n/a
Unemployment rate
4.86%
2022
7.1%
2024
Population
21161809
2829914

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Kazakhstan Lithuania
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 39.5% 38.2%
2023 23.4% 23% 37.4% 37.3%
2022 21.7% 23.5% 36.3% 38.1%
2021 22.1% 25.1% 37.3% 43.3%
2020 24.5% 26.4% 42.4% 45.9%
2019 20.2% 19.9% 34.6% 35.6%
2018 18.8% 20.3% 33.8% 33.3%
2017 24.1% 19.9% 33.4% 39.3%
2016 21.5% 19.7% 34.5% 40%
2015 22.9% 21.9% 35.2% 42.6%
2014 21.3% 14.5% 35% 40.7%
2013 19.8% 12.6% 35.7% 38.9%
2012 21.9% 12.1% 36.6% 39.9%
2011 21.2% 10.2% 40.1% 37.5%
2010 22.5% 10.7% 43% 36.7%
2009 23.5% 10.2% 44.8% 27.9%
2008 27.1% 6.77% 38.2% 14.6%
2007 23.7% 4.09% 35.3% 15.9%
2006 19.8% 6.68% 34.4% 17.3%
2005 22% 8.1% 34.1% 17.6%
2004 21.3% 11.4% 33.9% 18.6%
2003 21.4% 15% 32.8% 20.4%
2002 20.5% 17.6% 34.4% 22.1%
2001 - - 36.5% 22.9%
2000 - - 38.7% 23.5%
1999 - - 42.4% 28%
1998 - - 39.6% 21.7%
1997 - - 35% -
1996 - - 34.4% -
1995 - - 35.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 38.2% in Lithuania, ranking 167/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Lithuania
1x
Year Deficit/surplus, % of GDP
Kazakhstan Lithuania
2024 -1.6% -1.28%
2023 -1.52% -0.69%
2022 0.11% -0.72%
2021 -4.97% -1.15%
2020 -7.04% -6.42%
2019 -0.57% 0.41%
2018 2.58% 0.52%
2017 -4.27% 0.36%
2016 -4.5% 0.03%
2015 -6.26% -0.77%
2014 2.48% -1.79%
2013 4.95% -2.69%
2012 4.43% -3.15%
2011 5.81% -5.92%
2010 1.47% -6.95%
2009 -1.33% -9.09%
2008 1.23% -3.09%
2007 5.13% -0.82%
2006 7.65% -0.27%
2005 6.08% -0.34%
2004 3.29% -1.39%
2003 4% -1.26%
2002 1.92% -1.85%
2001 - -3.52%
2000 - -3.18%
1999 - -7.82%
1998 - -4.93%
1997 - -0.76%
1996 - -3.59%
1995 - -3.31%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government deficit, the difference between spending and revenue, was $4.66B, equivalent to 1.6% of GDP. This compares to Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Lithuania ran a deficit in 19 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 2.1% of GDP for Lithuania.

Inflation comparison by year

Inflation
Kazakhstan

Lithuania
1x
Year Consumer prices inflation
Kazakhstan Lithuania
2024 8.7% 0.72%
2023 14.5% 9.12%
2022 15% 19.7%
2021 8% 4.68%
2020 6.8% 1.2%
2019 5.3% 2.33%
2018 6% 2.7%
2017 7.5% 3.72%
2016 14.6% 0.91%
2015 6.8% -0.88%
2014 6.6% 0.1%
2013 5.8% 1.05%
2012 5.1% 3.09%
2011 8.4% 4.13%
2010 7.1% 1.32%
2009 7.3% 4.45%
2008 17.2% 10.9%
2007 10.8% 5.74%
2006 8.6% 3.74%
2005 7.4% 2.66%
2004 7% 1.16%
2003 6.4% -1.13%
2002 6% 0.28%
2001 8.4% 1.37%
2000 13.2% 0.98%
1999 8.3% 0.73%
1998 7.1% 5.07%
1997 17.4% 8.88%

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/kazakhstan/lithuania | CC BY

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 3.53% in Lithuania. In 2024, inflation was 8.7% in Kazakhstan and 0.72% in Lithuania.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $40.7M
Metals $25.4M
Animal & marine products $15.9M
Raw agricultural goods $4.06M
Machinery & equipment $3.02M
Processed food, beverages & tobacco $2.54M
Textiles & consumer goods $1.24M
Chemicals & pharma $965K
Wood & paper products $661K
Precious metals & jewellery $547K
Lithuania
Export category Export value
Machinery & equipment $117M
Chemicals & pharma $98.2M
Textiles & consumer goods $36.6M
Raw materials & minerals $14.6M
Processed food, beverages & tobacco $13.5M
Animal & marine products $10.6M
Metals $7.7M
Miscellaneous $5.52M
Wood & paper products $4.03M
Raw agricultural goods $2.92M

Balance of trade

Kazakhstan Lithuania
Current account balance
-$7.94B
2024
$2.77B
2024
Current account balance ranking
173/190
2024
41/190
2024
Current account balance, % of GDP
-2.72%
2024
+3.27%
2024
Goods imports
$61.8B
2024
$43.8B
2024
Goods exports
$79B
2024
$38.9B
2024
Service imports
$13B
2024
$14.7B
2024
Service exports
$11.8B
2024
$24.3B
2024
Imports of goods and services, % of GDP
25.6%
2024
68.9%
2024
Exports of goods and services, % of GDP
31.6%
2024
74.1%
2024

Economic freedom indices

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

Kazakhstan Lithuania
Economic freedom 64.2 75.3
Economic freedom ranking 75/197 18/197
Property rights 54.9 91.8
Government integrity 40.7 71.4
Judicial effectiveness 33.8 73.2
Tax burden 91.2 76.2
Government spending 85.6 57.3
Fiscal health 97.2 95.8
Business freedom 64.9 84.2
Labor freedom 63.5 58.1
Monetary freedom 64.3 76.7
Trade freedom 74.4 79.4
Investment freedom 50 70
Financial freedom 50 70

Economic freedom comparison by year

Kazakhstan
Lithuania
1x
Year Economic freedom index
Kazakhstan Lithuania
2026 64.2 75.3
2025 63.8 74.6
2024 62 72.9
2023 62.1 72.2
2022 64.4 75.8
2021 71.1 76.9
2020 69.6 76.7
2019 65.4 74.2
2018 69.1 75.3
2017 69 75.8
2016 63.6 75.2
2015 63.3 74.7
2014 63.7 73
2013 63 72.1
2012 63.6 71.5
2011 62.1 71.3
2010 61 70.3
2009 60.1 70
2008 61.1 70.9
2007 59.6 71.5
2006 60.2 71.8
2005 53.9 70.5
2004 49.7 72.4
2003 52.3 69.7
2002 52.4 66.1
2001 51.8 65.5
2000 50.4 61.9
1999 47.3 61.5
1998 41.7 59.4
1997 - 57.3
1996 - 49.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Lithuania
Services, % of GDP
57.9%
2024
63.6%
2024
Industry, % of GDP
32.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
2.57%
2024
GNI, Atlas method
$249B
2024
$78.4B
2024
GNI per capita, PPP
$37,590
2024
$53,920
2024
Total reserves including gold
$45.8B
2024
$7.41B
2024
Total reserves ranking
43/177
2024
86/177
2024
Net foreign direct investment
-$3.9B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$1.98B
2024
$4.7B
2024
Net outflows of foreign direct investment
-$1.92B
2024
$795M
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
20.9%
2021
Gross capital formation, % of GDP
27.2%
2024
20.4%
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/kazakhstan/lithuania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.