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Economy of Kazakhstan vs Namibia compared: GDP & Debt

Updated on by Georank

Kazakhstan has a GDP of $306B compared to $15.1B for Namibia, ranking 49/197 and 146/197 by economy size, respectively.

Kazakhstan has $75.2B in government debt (24.6% of GDP), compared to $10.6B (70.2% of GDP) in Namibia.

Kazakhstan vs Namibia GDP by year

Kazakhstan
Namibia
1x
Year GDP, current $
Kazakhstan Namibia
2025 $306,239,209,650 $15,080,340,654
2024 $291,480,274,649 $13,641,190,683
2023 $261,840,101,060 $12,522,012,874
2022 $225,496,328,925 $12,569,449,123
2021 $197,112,255,361 $12,402,486,184
2020 $171,082,365,861 $10,583,748,542
2019 $181,667,184,855 $12,541,928,303
2018 $179,339,977,690 $13,682,019,076
2017 $166,805,788,827 $12,895,153,371
2016 $137,278,320,084 $10,722,018,732
2015 $184,388,404,706 $11,335,161,084
2014 $221,415,613,595 $12,435,430,970
2013 $236,634,603,409 $12,043,307,277
2012 $207,998,568,866 $13,042,053,592
2011 $192,626,464,617 $12,523,359,441
2010 $148,047,348,241 $11,431,412,421
2009 $115,308,686,941 $8,938,847,189
2008 $133,441,648,852 $8,607,431,497
2007 $104,849,915,058 $8,839,536,476
2006 $81,003,864,630 $8,001,779,551
2005 $57,123,671,734 $7,248,374,838
2004 $43,151,647,003 $6,609,205,995
2003 $30,833,692,900 $4,926,439,384
2002 $24,636,598,527 $3,349,169,826
2001 $22,152,689,180 $3,557,341,215
2000 $18,291,990,662 $3,922,232,165
1999 $16,870,817,182 $3,868,551,730
1998 $22,135,245,507 $3,873,109,866
1997 $22,165,932,063 $4,154,989,950
1996 $21,035,357,937 $3,989,163,197
1995 $20,374,302,652 $3,978,514,206
1994 $21,250,792,886 $3,666,503,530
1993 $23,409,260,880 $3,251,188,833
1992 $24,917,355,372 $3,429,521,699
1991 $24,923,076,923 $2,996,869,281
1990 $26,932,016,270 $2,789,921,854
1989 - $2,535,135,798
1988 - $2,495,094,746
1987 - $2,300,068,217
1986 - $1,809,048,527
1985 - $1,608,237,350
1984 - $1,951,260,038
1983 - $2,297,400,688
1982 - $2,118,710,248
1981 - $2,249,908,578
1980 - $2,421,990,338

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Kazakhstan vs Namibia by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,692 - $4,876 -
2024 $14,155 $40,891 $4,502 $11,687
2023 $12,879 $38,515 $4,226 $11,251
2022 $11,255 $35,895 $4,350 $10,663
2021 $9,984 $32,946 $4,413 $9,709
2020 $8,782 $29,040 $3,879 $9,354
2019 $9,457 $28,689 $4,732 $9,609
2018 $9,472 $25,096 $5,309 $9,854
2017 $8,943 $23,973 $5,144 $9,888
2016 $7,476 $23,023 $4,396 $10,200
2015 $10,196 $22,484 $4,774 $10,466
2014 $12,428 $23,958 $5,378 $10,365
2013 $13,478 $23,754 $5,347 $9,699
2012 $12,019 $21,367 $5,943 $9,364
2011 $11,287 $20,160 $5,835 $9,002
2010 $8,793 $18,642 $5,418 $8,538
2009 $6,938 $17,389 $4,303 $8,079
2008 $8,124 $17,278 $4,205 $8,125
2007 $6,449 $16,581 $4,379 $7,875
2006 $5,030 $14,966 $4,017 $7,374
2005 $3,577 $13,226 $3,686 $6,767
2004 $2,722 $11,777 $3,403 $6,480
2003 $1,958 $10,532 $2,569 $5,693
2002 $1,574 $9,504 $1,772 $5,433
2001 $1,422 $8,568 $1,916 $5,196
2000 $1,180 $7,418 $2,157 $5,129
1999 $1,092 $6,626 $2,178 $4,961
1998 $1,415 $6,284 $2,235 $4,852
1997 $1,382 $6,178 $2,460 $4,764
1996 $1,281 $5,836 $2,423 $4,612
1995 $1,218 $5,595 $2,483 $4,509
1994 $1,247 $5,860 $2,356 $4,376
1993 $1,355 $6,477 $2,155 $4,345
1992 $1,438 $6,945 $2,347 $4,452
1991 $1,442 $7,193 $2,117 $4,192
1990 $1,570 $7,874 $2,037 $3,875
1989 - - $1,967 -
1988 - - $2,063 -
1987 - - $1,969 -
1986 - - $1,599 -
1985 - - $1,466 -
1984 - - $1,830 -
1983 - - $2,214 -
1982 - - $2,097 -
1981 - - $2,267 -
1980 - - $2,468 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Kazakhstan's GDP per capita is $14,692, ranking 73/197, compared to $4,876 in Namibia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Namibia ranks 128th at $11,687.

Economic indicators

Kazakhstan Namibia
Gross domestic product
$306B
2025
$15.1B
2025
GDP rank
49/197
2025
146/197
2025
GDP growth
6.5%
2024-2025
1.73%
2024-2025
GDP per capita
$14,692
2025
$4,876
2025
GDP per capita rank
73/197
2025
125/197
2025
GDP per capita, PPP
$40,891
2024
$11,687
2024
GDP per capita PPP rank
58/197
2024
128/197
2024
Government debt
$75.2B
2025
$10.6B
2025
Debt-to-GDP ratio
24.6%
2025
70.2%
2025
Government debt per person
$3,609
2025
$3,425
2025
Government debt per person rank
96/185
2025
97/185
2025
Average annual personal income after taxes
$8,395
2026
$3,433
2026
Market capitalization of domestic companies
$158B
2025
$2.48B
2024
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2026
n/a
Income share by richest 10%
24.8%
2021
47.2%
2015
Income share by poorest 10%
4.3%
2021
1%
2015
Government expenditure, % of GDP
21.8%
2025
39.4%
2025
Consumer prices inflation
11.4%
2024-2025
3.5%
2024-2025
Central bank interest rate
17%
2026
6.5%
2025
Unemployment rate
4.9%
2022
19.9%
2018
Population
21211812
3185686

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Kazakhstan Namibia
Government spending Government debt Government spending Government debt
2025 21.8% 24.6% 39.4% 70.2%
2024 22.7% 24.4% 39.6% 69.8%
2023 23.4% 23% 37% 67.9%
2022 21.7% 23.5% 36.6% 70.1%
2021 22.1% 25.1% 39.3% 69.6%
2020 24.5% 26.4% 41.5% 64.3%
2019 20.2% 19.9% 37.4% 57.6%
2018 18.8% 20.3% 36.3% 48.7%
2017 24.1% 19.9% 38.1% 43.8%
2016 21.5% 19.7% 41.8% 45.8%
2015 22.9% 21.9% 43.7% 42.1%
2014 21.3% 14.5% 41.8% 27.6%
2013 19.8% 12.6% 38.3% 26.1%
2012 21.9% 12.1% 35% 24.6%
2011 21.2% 10.2% 38.5% 27.4%
2010 22.5% 10.7% 33.5% 16.3%
2009 23.5% 10.2% 32% 15.9%
2008 27.1% 6.77% 28.4% 19.1%
2007 23.7% 4.09% 26.1% 19.4%
2006 19.8% 6.68% 27.4% 26.1%
2005 22% 8.1% 27.7% 26.9%
2004 21.3% 11.4% 28.4% 29.2%
2003 21.4% 15% 31.1% 27.1%
2002 20.5% 17.6% 29.8% 22.2%
2001 - - 30.7% 24.4%
2000 - - 30.1% 20.9%
1999 - - 31.8% 21.8%
1998 - - 31.3% 19.6%
1997 - - 30.9% 17.7%
1996 - - 30.4% 18.7%
1995 - - 29.6% 18%
1994 - - 28.7% 16.4%
1993 - - 32.4% 17.2%
1992 - - 32.8% 14.1%
1991 - - 33% 11.8%
1990 - - 30.2% 12.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-07-08).

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

In 2025, Kazakhstan's government spending was $66.9B, accounting for 21.8% of its GDP, while Namibia spent $5.94B, or 39.4% of GDP.

Debt-to-GDP ratio is 24.6% in Kazakhstan and 70.2% in Namibia, ranking 167/185 and 57/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Namibia
1x
Year Deficit/surplus, % of GDP
Kazakhstan Namibia
2025 -3.11% -6.46%
2024 -3.43% -3.84%
2023 -1.41% -3.14%
2022 0.11% -6.33%
2021 -4.97% -8.68%
2020 -7.04% -8.07%
2019 -0.57% -5.49%
2018 2.58% -5.09%
2017 -4.27% -4.99%
2016 -4.5% -9.3%
2015 -6.26% -8.3%
2014 2.48% -6.44%
2013 4.95% -4.69%
2012 4.43% -3.1%
2011 5.81% -7.09%
2010 1.47% -4.98%
2009 -1.33% -0.4%
2008 1.23% 3.48%
2007 5.13% 6.01%
2006 7.65% 3.41%
2005 6.08% -0.31%
2004 3.29% -2.67%
2003 4% -4.47%
2002 1.92% -1.38%
2001 - -2.01%
2000 - -0.79%
1999 - -1.88%
1998 - -2.76%
1997 - -2.38%
1996 - -3.7%
1995 - -1.74%
1994 - -0.57%
1993 - -2.73%
1992 - -2.55%
1991 - -1.59%
1990 - 1.08%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kazakhstan/namibia | 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 Namibia's deficit of $974M, or 6.46% of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of those years, while Namibia ran a deficit in 21 years. On average, Kazakhstan posted an annual surplus equal to 0.59% of GDP, compared to deficit of 3.85% of GDP for Namibia.

Inflation comparison by year

Inflation
Kazakhstan

Namibia
1x
Year Consumer prices inflation
Kazakhstan Namibia
2025 11.4% 3.5%
2024 8.7% 4.2%
2023 14.5% 5.9%
2022 15% 6.1%
2021 8% 3.6%
2020 6.8% 2.2%
2019 5.3% 3.7%
2018 6% 4.3%
2017 7.5% 6.1%
2016 14.6% 6.7%
2015 6.8% 3.4%
2014 6.6% 5.3%
2013 5.8% 5.6%
2012 5.1% 6.7%
2011 8.4% 5%
2010 7.1% 4.9%
2009 7.3% 9.5%
2008 17.2% 9.1%
2007 10.8% 6.5%
2006 8.6% 5%
2005 7.4% 2.3%
2004 7% 4.1%
2003 6.4% 7.2%
2002 6% 12.7%
2001 8.4% 10.2%
2000 13.2% 10.2%
1999 8.3% 9.4%
1998 7.1% 6.6%
1997 17.4% 9.7%

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

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

Over the past 29 years, Kazakhstan has recorded an average annual inflation rate of 9.06%, compared with 6.2% in Namibia. In 2025, inflation was 11.4% in Kazakhstan and 3.5% in Namibia.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $14.7M
Machinery & equipment $60K
Animal & marine products $20K
Metals $5K
Miscellaneous $1K
Namibia
Export category Export value
Raw agricultural goods $700K
Raw materials & minerals $14K
Animal & marine products $8K
Precious metals & jewellery $6K
Textiles & consumer goods $2K

Balance of trade

Kazakhstan Namibia
Current account balance
-$12.5B
2025
-$1.83B
2024
Current account balance ranking
177/190
2025
138/190
2024
Current account balance, % of GDP
-4.07%
2025
-13.4%
2024
Goods imports
$66.3B
2025
$6.77B
2024
Goods exports
$77.3B
2025
$4.67B
2024
Service imports
$14B
2025
$2.47B
2024
Service exports
$12.8B
2025
$1.29B
2024
Imports of goods and services, % of GDP
25.6%
2024
63.9%
2025
Exports of goods and services, % of GDP
31.6%
2024
44.7%
2025

Economic freedom indices

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

Kazakhstan Namibia
Economic freedom 64.2 60.2
Economic freedom ranking 75/197 95/197
Property rights 54.9 63.1
Government integrity 40.7 51.5
Judicial effectiveness 33.8 67.2
Tax burden 91.2 66.4
Government spending 85.6 57.1
Fiscal health 97.2 60.5
Business freedom 64.9 58
Labor freedom 63.5 62.7
Monetary freedom 64.3 76.1
Trade freedom 74.4 69.8
Investment freedom 50 50
Financial freedom 50 40

Economic freedom comparison by year

Kazakhstan
Namibia
1x
Year Economic freedom index
Kazakhstan Namibia
2026 64.2 60.2
2025 63.8 58.7
2024 62 57.5
2023 62.1 57.7
2022 64.4 59.2
2021 71.1 62.6
2020 69.6 60.9
2019 65.4 58.7
2018 69.1 58.5
2017 69 62.5
2016 63.6 61.9
2015 63.3 59.6
2014 63.7 59.4
2013 63 60.3
2012 63.6 61.9
2011 62.1 62.7
2010 61 62.2
2009 60.1 62.4
2008 61.1 61.4
2007 59.6 63.5
2006 60.2 60.7
2005 53.9 61.4
2004 49.7 62.4
2003 52.3 67.3
2002 52.4 65.1
2001 51.8 64.8
2000 50.4 66.7
1999 47.3 66.1
1998 41.7 66.1
1997 - 61.6

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Namibia
Services, % of GDP
57.7%
2025
55%
2025
Industry, % of GDP
32.3%
2025
28.9%
2025
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
6.99%
2025
GNI, Atlas method
$286B
2025
$13.4B
2025
GNI per capita, PPP
$41,090
2025
$11,260
2025
Total reserves including gold
$66.1B
2025
$3.1B
2025
Total reserves ranking
40/177
2025
119/177
2025
Net foreign direct investment
$1.38B
2025
-$1.89B
2024
Net inflows of foreign direct investment
$2.09B
2024
$1.93B
2024
Net outflows of foreign direct investment
-$1.9B
2024
$44.4M
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
17.4%
2015
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/namibia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.