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Economy of Kazakhstan vs Malta compared: GDP & Debt

Updated on by Georank

Kazakhstan has a GDP of $306B compared to $27.8B for Malta, ranking 49/197 and 118/197 by economy size, respectively.

Kazakhstan has $75.2B in government debt (24.6% of GDP), compared to $13B (46.8% of GDP) in Malta.

Kazakhstan vs Malta GDP by year

Kazakhstan
Malta
1x
Year GDP, current $
Kazakhstan Malta
2025 $306,239,209,650 $27,771,821,561
2024 $291,480,274,649 $25,042,712,191
2023 $261,840,101,060 $22,625,329,776
2022 $225,496,328,925 $18,938,869,147
2021 $197,112,255,361 $19,730,119,031
2020 $171,082,365,861 $16,404,655,808
2019 $181,667,184,855 $16,337,788,881
2018 $179,339,977,690 $16,153,785,817
2017 $166,805,788,827 $14,161,374,599
2016 $137,278,320,084 $12,025,777,078
2015 $184,388,404,706 $11,340,789,706
2014 $221,415,613,595 $11,888,029,752
2013 $236,634,603,409 $10,796,780,874
2012 $207,998,568,866 $9,609,530,619
2011 $192,626,464,617 $9,789,363,086
2010 $148,047,348,241 $9,097,044,301
2009 $115,308,686,941 $8,769,897,418
2008 $133,441,648,852 $9,172,399,573
2007 $104,849,915,058 $7,908,412,374
2006 $81,003,864,630 $6,749,838,862
2005 $57,123,671,734 $6,393,234,965
2004 $43,151,647,003 $6,104,141,501
2003 $30,833,692,900 $5,418,315,225
2002 $24,636,598,527 $4,455,127,398
2001 $22,152,689,180 $4,070,867,153
2000 $18,291,990,662 $4,036,809,767
1999 $16,870,817,182 $4,111,857,836
1998 $22,135,245,507 $4,010,111,652
1997 $22,165,932,063 $3,787,023,655
1996 $21,035,357,937 $3,822,547,151
1995 $20,374,302,652 $3,709,396,089
1994 $21,250,792,886 $2,998,505,428
1993 $23,409,260,880 $2,709,193,538
1992 $24,917,355,372 $3,021,942,759
1991 $24,923,076,923 $2,750,216,747
1990 $26,932,016,270 $2,547,328,748
1989 - $2,118,655,677
1988 - $2,019,503,068
1987 - $1,751,293,461
1986 - $1,435,038,441
1985 - $1,117,797,439
1984 - $1,101,807,023
1983 - $1,165,729,707
1982 - $1,234,474,404
1981 - $1,243,509,394
1980 - $1,250,198,601
1979 - $1,001,288,847
1978 - $793,673,402
1977 - $625,563,171
1976 - $527,936,989
1975 - $474,618,321
1974 - $376,081,124
1973 - $345,616,106
1972 - $295,106,628
1971 - $264,578,485
1970 - $250,728,796

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Kazakhstan vs Malta by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,692 - $47,907 -
2024 $14,155 $40,891 $44,024 $69,864
2023 $12,879 $38,515 $40,933 $67,057
2022 $11,255 $35,895 $35,659 $60,589
2021 $9,984 $32,946 $38,078 $56,852
2020 $8,782 $29,040 $31,823 $49,972
2019 $9,457 $28,689 $32,422 $51,393
2018 $9,472 $25,096 $33,382 $48,178
2017 $8,943 $23,973 $30,317 $45,764
2016 $7,476 $23,023 $26,459 $41,000
2015 $10,196 $22,484 $25,530 $38,369
2014 $12,428 $23,958 $27,425 $35,206
2013 $13,478 $23,754 $25,416 $33,138
2012 $12,019 $21,367 $22,878 $30,716
2011 $11,287 $20,160 $23,517 $29,426
2010 $8,793 $18,642 $21,947 $28,909
2009 $6,938 $17,389 $21,262 $26,782
2008 $8,124 $17,278 $22,406 $26,654
2007 $6,449 $16,581 $19,444 $25,012
2006 $5,030 $14,966 $16,654 $23,219
2005 $3,577 $13,226 $15,831 $22,227
2004 $2,722 $11,777 $15,212 $21,566
2003 $1,958 $10,532 $13,594 $20,813
2002 $1,574 $9,504 $11,251 $19,532
2001 $1,422 $8,568 $10,358 $18,435
2000 $1,180 $7,418 $10,348 $18,214
1999 $1,092 $6,626 $10,609 $16,898
1998 $1,415 $6,284 $10,408 $16,219
1997 $1,382 $6,178 $9,893 $15,465
1996 $1,281 $5,836 $10,062 $14,661
1995 $1,218 $5,595 $9,828 $13,950
1994 $1,247 $5,860 $8,000 $12,938
1993 $1,355 $6,477 $7,296 $12,103
1992 $1,438 $6,945 $8,220 $11,429
1991 $1,442 $7,193 $7,559 $10,784
1990 $1,570 $7,874 $7,192 $10,086
1989 - - $6,041 -
1988 - - $5,814 -
1987 - - $5,084 -
1986 - - $4,195 -
1985 - - $3,322 -
1984 - - $3,333 -
1983 - - $3,527 -
1982 - - $3,788 -
1981 - - $3,898 -
1980 - - $3,948 -
1979 - - $3,196 -
1978 - - $2,559 -
1977 - - $2,038 -
1976 - - $1,727 -
1975 - - $1,560 -
1974 - - $1,245 -
1973 - - $1,144 -
1972 - - $976 -
1971 - - $874 -
1970 - - $828 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Kazakhstan's GDP per capita is $14,692, ranking 73/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Malta ranks 25th at $69,864.

Economic indicators

Kazakhstan Malta
Gross domestic product
$306B
2025
$27.8B
2025
GDP rank
49/197
2025
118/197
2025
GDP growth
6.5%
2024-2025
3.96%
2024-2025
GDP per capita
$14,692
2025
$47,907
2025
GDP per capita rank
73/197
2025
28/197
2025
GDP per capita, PPP
$40,891
2024
$69,864
2024
GDP per capita PPP rank
58/197
2024
25/197
2024
Government debt
$75.2B
2025
$13B
2025
Debt-to-GDP ratio
24.6%
2025
46.8%
2025
Government debt per person
$3,609
2025
$22,407
2025
Government debt per person rank
96/185
2025
30/185
2025
Average annual personal income after taxes
$8,395
2026
$22,914
2026
Market capitalization of domestic companies
$158B
2025
$5.35B
2025
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2026
n/a
Income share by richest 10%
24.8%
2021
24.7%
2023
Income share by poorest 10%
4.3%
2021
2.8%
2023
Government expenditure, % of GDP
21.8%
2025
37%
2025
Consumer prices inflation
11.4%
2024-2025
2.36%
2024-2025
Central bank interest rate
17%
2026
n/a
Unemployment rate
4.9%
2022
3.1%
2025
Population
21211812
586345

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Kazakhstan Malta
Government spending Government debt Government spending Government debt
2025 21.8% 24.6% 37% 46.8%
2024 22.7% 24.4% 37.4% 46%
2023 23.4% 23% 35.8% 46.8%
2022 21.7% 23.5% 38.4% 50.1%
2021 22.1% 25.1% 39.5% 49.6%
2020 24.5% 26.4% 42.1% 48.6%
2019 20.2% 19.9% 34.9% 39.2%
2018 18.8% 20.3% 34.5% 41.4%
2017 24.1% 19.9% 32.7% 45.6%
2016 21.5% 19.7% 35.5% 53.1%
2015 22.9% 21.9% 37.8% 55%
2014 21.3% 14.5% 39.6% 60.7%
2013 19.8% 12.6% 40.1% 64.9%
2012 21.9% 12.1% 41.7% 65.6%
2011 21.2% 10.2% 41.5% 68.9%
2010 22.5% 10.7% 40.1% 65%
2009 23.5% 10.2% 41.1% 66%
2008 27.1% 6.77% 42.1% 61.5%
2007 23.7% 4.09% 41.2% 62%
2006 19.8% 6.68% 42.5% 64.5%
2005 22% 8.1% 42.5% 70.2%
2004 21.3% 11.4% 42% 70.4%
2003 21.4% 15% 45.6% 68.6%
2002 20.5% 17.6% 43.6% 65.1%
2001 - - 44.4% 70%
2000 - - 42.9% 64.4%
1999 - - - 69.8%
1998 - - - 66.4%
1997 - - - 60.8%
1996 - - - 51.5%
1995 - - - 45.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Kazakhstan's government spending was $66.9B, accounting for 21.8% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 24.6% in Kazakhstan and 46.8% in Malta, ranking 167/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Malta
1x
Year Deficit/surplus, % of GDP
Kazakhstan Malta
2025 -3.11% -3.1%
2024 -3.43% -3.51%
2023 -1.41% -4.43%
2022 0.11% -5.33%
2021 -4.97% -6.96%
2020 -7.04% -8.71%
2019 -0.57% 0.72%
2018 2.58% 1.86%
2017 -4.27% 3.4%
2016 -4.5% 1.1%
2015 -6.26% -0.84%
2014 2.48% -1.49%
2013 4.95% -2.19%
2012 4.43% -3.31%
2011 5.81% -2.99%
2010 1.47% -2.22%
2009 -1.33% -3.11%
2008 1.23% -4.06%
2007 5.13% -2.05%
2006 7.65% -2.46%
2005 6.08% -2.83%
2004 3.29% -4.28%
2003 4% -9.04%
2002 1.92% -5.62%
2001 - -6.5%
2000 - -5.83%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Kazakhstan's government deficit, the difference between spending and revenue, was $9.54B, equivalent to 3.11% of GDP. This compares to Malta's deficit of $861M, or 3.1% of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of those years, while Malta ran a deficit in 20 years. On average, Kazakhstan posted an annual surplus equal to 0.59% of GDP, compared to deficit of 2.98% of GDP for Malta.

Inflation comparison by year

Inflation
Kazakhstan

Malta
1x
Year Consumer prices inflation
Kazakhstan Malta
2025 11.4% 2.36%
2024 8.7% 1.65%
2023 14.5% 5.09%
2022 15% 6.15%
2021 8% 1.5%
2020 6.8% 0.64%
2019 5.3% 1.64%
2018 6% 1.16%
2017 7.5% 1.36%
2016 14.6% 0.64%
2015 6.8% 1.1%
2014 6.6% 0.31%
2013 5.8% 1.18%
2012 5.1% 2.38%
2011 8.4% 2.96%
2010 7.1% 1.52%
2009 7.3% 2.08%
2008 17.2% 4.26%
2007 10.8% 1.25%
2006 8.6% 2.77%
2005 7.4% 3.01%
2004 7% 2.79%
2003 6.4% 1.3%
2002 6% 2.19%
2001 8.4% 2.93%
2000 13.2% 2.37%
1999 8.3% 2.13%
1998 7.1% 2.39%
1997 17.4% 3.11%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Kazakhstan has recorded an average annual inflation rate of 9.06%, compared with 2.22% in Malta. In 2025, inflation was 11.4% in Kazakhstan and 2.36% in Malta.

Top exports between countries

Kazakhstan
Export category Export value
Machinery & equipment $17M
Raw materials & minerals $2.25M
Raw agricultural goods $1.78M
Metals $5K
Textiles & consumer goods $3K
Chemicals & pharma $2K
Malta
Export category Export value
Wood & paper products $1.24M
Chemicals & pharma $786K
Textiles & consumer goods $217K
Machinery & equipment $106K
Raw materials & minerals $2K

Balance of trade

Kazakhstan Malta
Current account balance
-$12.5B
2025
$1.78B
2024
Current account balance ranking
177/190
2025
45/190
2024
Current account balance, % of GDP
-4.07%
2025
+7.1%
2024
Goods imports
$66.3B
2025
$7.56B
2024
Goods exports
$77.3B
2025
$4.58B
2024
Service imports
$14B
2025
$17.4B
2024
Service exports
$12.8B
2025
$25B
2024
Imports of goods and services, % of GDP
25.6%
2024
99.9%
2025
Exports of goods and services, % of GDP
31.6%
2024
119.1%
2025

Economic freedom indices

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

Kazakhstan Malta
Economic freedom 64.2 68.2
Economic freedom ranking 75/197 49/197
Property rights 54.9 85.5
Government integrity 40.7 54.3
Judicial effectiveness 33.8 80.2
Tax burden 91.2 68.5
Government spending 85.6 58.4
Fiscal health 97.2 63.2
Business freedom 64.9 83.2
Labor freedom 63.5 62.6
Monetary freedom 64.3 73.1
Trade freedom 74.4 79.4
Investment freedom 50 60
Financial freedom 50 50

Economic freedom comparison by year

Kazakhstan
Malta
1x
Year Economic freedom index
Kazakhstan Malta
2026 64.2 68.2
2025 63.8 66.8
2024 62 64.5
2023 62.1 67.5
2022 64.4 71.5
2021 71.1 70.2
2020 69.6 69.5
2019 65.4 68.6
2018 69.1 68.5
2017 69 67.7
2016 63.6 66.7
2015 63.3 66.5
2014 63.7 66.4
2013 63 67.5
2012 63.6 67
2011 62.1 65.7
2010 61 67.2
2009 60.1 66.1
2008 61.1 66
2007 59.6 66.1
2006 60.2 67.3
2005 53.9 68.9
2004 49.7 63.3
2003 52.3 61.1
2002 52.4 62.2
2001 51.8 62.9
2000 50.4 58.3
1999 47.3 59.3
1998 41.7 61.2
1997 - 57.9
1996 - 55.8
1995 - 56.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Malta
Services, % of GDP
57.7%
2025
81.3%
2025
Industry, % of GDP
32.3%
2025
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
0.47%
2025
GNI, Atlas method
$286B
2025
$24B
2025
GNI per capita, PPP
$41,090
2025
$64,900
2025
Total reserves including gold
$66.1B
2025
$1.54B
2025
Total reserves ranking
40/177
2025
134/177
2025
Net foreign direct investment
$1.38B
2025
-$6.13B
2024
Net inflows of foreign direct investment
$2.09B
2024
$42.6B
2024
Net outflows of foreign direct investment
-$1.9B
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
16.7%
2021
Gross capital formation, % of GDP
27.2%
2024
18.7%
2025

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/malta | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, 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.