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Economy of Kazakhstan vs Nepal compared: GDP & Debt

Updated on by Georank

Kazakhstan has a GDP of $306B compared to $45.5B for Nepal, ranking 49/197 and 102/197 by economy size, respectively.

Kazakhstan has $75.2B in government debt (24.6% of GDP), compared to $21.9B (48.1% of GDP) in Nepal.

Kazakhstan vs Nepal GDP by year

Kazakhstan
Nepal
1x
Year GDP, current $
Kazakhstan Nepal
2025 $306,239,209,650 $45,489,810,283
2024 $291,480,274,649 $43,298,911,700
2023 $261,840,101,060 $41,049,329,851
2022 $225,496,328,925 $41,182,939,520
2021 $197,112,255,361 $36,924,841,394
2020 $171,082,365,861 $33,433,659,301
2019 $181,667,184,855 $34,186,180,699
2018 $179,339,977,690 $33,111,525,237
2017 $166,805,788,827 $28,971,588,940
2016 $137,278,320,084 $24,524,109,484
2015 $184,388,404,706 $24,360,801,287
2014 $221,415,613,595 $22,731,612,922
2013 $236,634,603,409 $22,162,204,925
2012 $207,998,568,866 $21,703,100,877
2011 $192,626,464,617 $21,573,872,421
2010 $148,047,348,241 $16,002,656,434
2009 $115,308,686,941 $12,854,985,464
2008 $133,441,648,852 $12,545,438,605
2007 $104,849,915,058 $10,325,618,017
2006 $81,003,864,630 $9,043,715,356
2005 $57,123,671,734 $8,130,258,378
2004 $43,151,647,003 $7,273,938,315
2003 $30,833,692,900 $6,330,473,097
2002 $24,636,598,527 $6,050,875,807
2001 $22,152,689,180 $6,007,055,042
2000 $18,291,990,662 $5,494,252,208
1999 $16,870,817,182 $5,033,642,384
1998 $22,135,245,507 $4,856,255,044
1997 $22,165,932,063 $4,918,691,917
1996 $21,035,357,937 $4,521,580,381
1995 $20,374,302,652 $4,401,104,418
1994 $21,250,792,886 $4,066,775,510
1993 $23,409,260,880 $3,660,041,667
1992 $24,917,355,372 $3,401,211,581
1991 $24,923,076,923 $3,921,476,085
1990 $26,932,016,270 $3,627,560,239
1989 - $3,525,225,787
1988 - $3,487,009,748
1987 - $2,957,255,380
1986 - $2,850,782,044
1985 - $2,619,913,956
1984 - $2,581,207,388
1983 - $2,447,174,803
1982 - $2,395,423,742
1981 - $2,275,583,317
1980 - $1,945,916,583
1979 - $1,851,250,008
1978 - $1,604,162,497
1977 - $1,382,400,000
1976 - $1,452,788,985
1975 - $1,575,789,254
1974 - $1,217,953,547
1973 - $972,101,725
1972 - $1,024,098,400
1971 - $882,765,472
1970 - $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Kazakhstan vs Nepal by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,692 - $1,536 -
2024 $14,155 $40,891 $1,460 $5,737
2023 $12,879 $38,515 $1,382 $5,395
2022 $11,255 $35,895 $1,386 $5,103
2021 $9,984 $32,946 $1,253 $4,546
2020 $8,782 $29,040 $1,154 $4,236
2019 $9,457 $28,689 $1,203 $4,261
2018 $9,472 $25,096 $1,179 $3,956
2017 $8,943 $23,973 $1,034 $3,605
2016 $7,476 $23,023 $877 $2,976
2015 $10,196 $22,484 $876 $2,957
2014 $12,428 $23,958 $821 $2,901
2013 $13,478 $23,754 $803 $2,658
2012 $12,019 $21,367 $788 $2,466
2011 $11,287 $20,160 $786 $2,248
2010 $8,793 $18,642 $585 $2,139
2009 $6,938 $17,389 $473 $2,029
2008 $8,124 $17,278 $465 $1,942
2007 $6,449 $16,581 $385 $1,809
2006 $5,030 $14,966 $340 $1,718
2005 $3,577 $13,226 $309 $1,628
2004 $2,722 $11,777 $279.6 $1,542
2003 $1,958 $10,532 $246.4 $1,453
2002 $1,574 $9,504 $238.9 $1,390
2001 $1,422 $8,568 $240.8 $1,388
2000 $1,180 $7,418 $223.8 $1,317
1999 $1,092 $6,626 $208.6 $1,234
1998 $1,415 $6,284 $205.1 $1,187
1997 $1,382 $6,178 $211.8 $1,162
1996 $1,281 $5,836 $198.8 $1,110
1995 $1,218 $5,595 $197.8 $1,058
1994 $1,247 $5,860 $187.3 $1,026
1993 $1,355 $6,477 $172.8 $952
1992 $1,438 $6,945 $165 $920
1991 $1,442 $7,193 $195.7 $889
1990 $1,570 $7,874 $185.8 $830
1989 - - $185 -
1988 - - $187.1 -
1987 - - $162 -
1986 - - $159.5 -
1985 - - $149.9 -
1984 - - $151.1 -
1983 - - $146.6 -
1982 - - $147 -
1981 - - $142.9 -
1980 - - $125.1 -
1979 - - $121.9 -
1978 - - $108.1 -
1977 - - $95.3 -
1976 - - $102.5 -
1975 - - $113.6 -
1974 - - $89.8 -
1973 - - $73.2 -
1972 - - $78.8 -
1971 - - $69.5 -
1970 - - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Kazakhstan's GDP per capita is $14,692, ranking 73/197, compared to $1,536 in Nepal, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Nepal ranks 155th at $5,737.

Economic indicators

Kazakhstan Nepal
Gross domestic product
$306B
2025
$45.5B
2025
GDP rank
49/197
2025
102/197
2025
GDP growth
6.5%
2024-2025
4.43%
2024-2025
GDP per capita
$14,692
2025
$1,536
2025
GDP per capita rank
73/197
2025
165/197
2025
GDP per capita, PPP
$40,891
2024
$5,737
2024
GDP per capita PPP rank
58/197
2024
155/197
2024
Government debt
$75.2B
2025
$21.9B
2025
Debt-to-GDP ratio
24.6%
2025
48.1%
2025
Government debt per person
$3,609
2025
$740
2025
Government debt per person rank
96/185
2025
154/185
2025
Average annual personal income after taxes
$8,395
2026
$1,743
2026
Market capitalization of domestic companies
$158B
2025
n/a
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2026
2
2026
Income share by richest 10%
24.8%
2021
24.2%
2022
Income share by poorest 10%
4.3%
2021
3.7%
2022
Government expenditure, % of GDP
21.8%
2025
21.8%
2025
Consumer prices inflation
11.4%
2024-2025
2.65%
2024-2025
Central bank interest rate
17%
2026
n/a
Unemployment rate
4.9%
2022
10.7%
2017
Population
21211812
29619950

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Kazakhstan Nepal
Government spending Government debt Government spending Government debt
2025 21.8% 24.6% 21.8% 48.1%
2024 22.7% 24.4% 21.8% 48.3%
2023 23.4% 23% 25.1% 47%
2022 21.7% 23.5% 26.1% 42.7%
2021 22.1% 25.1% 27.2% 43.3%
2020 24.5% 26.4% 28.5% 43.3%
2019 20.2% 19.9% 27.1% 34%
2018 18.8% 20.3% 28% 31.1%
2017 24.1% 19.9% 23.6% 25%
2016 21.5% 19.7% 19% 25%
2015 22.9% 21.9% 17.7% 25.7%
2014 21.3% 14.5% 16.6% 27.6%
2013 19.8% 12.6% 15.5% 31.9%
2012 21.9% 12.1% 16.8% 34.5%
2011 21.2% 10.2% 16.3% 32.4%
2010 22.5% 10.7% 16.5% 35.4%
2009 23.5% 10.2% 17% 39.5%
2008 27.1% 6.77% 13.4% 36.8%
2007 23.7% 4.09% 13.1% 37.9%
2006 19.8% 6.68% 11.2% 42.9%
2005 22% 8.1% 12% 45.1%
2004 21.3% 11.4% 11.8% 51.3%
2003 21.4% 15% 12% 53%
2002 20.5% 17.6% 13% 51.8%
2001 - - 12.9% 50.8%
2000 - - 11.4% 50.8%

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

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

In 2025, Kazakhstan's government spending was $66.9B, accounting for 21.8% of its GDP, while Nepal spent $9.93B, or 21.8% of GDP.

Debt-to-GDP ratio is 24.6% in Kazakhstan and 48.1% in Nepal, ranking 167/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Nepal
1x
Year Deficit/surplus, % of GDP
Kazakhstan Nepal
2025 -3.11% -1.86%
2024 -3.43% -2.46%
2023 -1.41% -5.81%
2022 0.11% -3.12%
2021 -4.97% -3.98%
2020 -7.04% -7.47%
2019 -0.57% -4.27%
2018 2.58% -5.83%
2017 -4.27% -2.69%
2016 -4.5% 1.2%
2015 -6.26% 0.46%
2014 2.48% 1.36%
2013 4.95% 1.57%
2012 4.43% -1.18%
2011 5.81% -0.72%
2010 1.47% -0.67%
2009 -1.33% -2.24%
2008 1.23% -0.29%
2007 5.13% -0.67%
2006 7.65% 0.24%
2005 6.08% 0.24%
2004 3.29% -0.14%
2003 4% -0.34%
2002 1.92% -2.46%
2001 - -2.35%
2000 - -1.48%

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

GeoRank.org/economy/kazakhstan/nepal | 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 Nepal's deficit of $845M, or 1.86% of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of those years, while Nepal ran a deficit in 18 years. On average, Kazakhstan posted an annual surplus equal to 0.59% of GDP, compared to deficit of 1.71% of GDP for Nepal.

Inflation comparison by year

Inflation
Kazakhstan

Nepal
1x
Year Consumer prices inflation
Kazakhstan Nepal
2025 11.4% 2.65%
2024 8.7% 4.69%
2023 14.5% 7.12%
2022 15% 7.67%
2021 8% 4.13%
2020 6.8% 5.06%
2019 5.3% 5.57%
2018 6% 4.41%
2017 7.5% 2.78%
2016 14.6% 8.79%
2015 6.8% 7.87%
2014 6.6% 8.36%
2013 5.8% 9.04%
2012 5.1% 9.46%
2011 8.4% 9.23%
2010 7.1% 9.33%
2009 7.3% 11.1%
2008 17.2% 9.91%
2007 10.8% 2.27%
2006 8.6% 6.92%
2005 7.4% 6.84%
2004 7% 2.84%
2003 6.4% 5.71%
2002 6% 3.03%
2001 8.4% 2.69%
2000 13.2% 2.48%
1999 8.3% 7.45%
1998 7.1% 11.2%
1997 17.4% 4.01%

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/nepal | CC BY

Over the past 29 years, Kazakhstan has recorded an average annual inflation rate of 9.06%, compared with 6.3% in Nepal. In 2025, inflation was 11.4% in Kazakhstan and 2.65% in Nepal.

Top exports between countries

Kazakhstan
Export category Export value
Processed food, beverages & tobacco $235K
Nepal
Export category Export value
Textiles & consumer goods $6K
Precious metals & jewellery $1K

Balance of trade

Kazakhstan Nepal
Current account balance
-$12.5B
2025
$1.68B
2024
Current account balance ranking
177/190
2025
47/190
2024
Current account balance, % of GDP
-4.07%
2025
+3.88%
2024
Goods imports
$66.3B
2025
$12.1B
2024
Goods exports
$77.3B
2025
$1.54B
2024
Service imports
$14B
2025
$2.27B
2024
Service exports
$12.8B
2025
$1.9B
2024
Imports of goods and services, % of GDP
25.6%
2024
33.7%
2025
Exports of goods and services, % of GDP
31.6%
2024
8.83%
2025

Economic freedom indices

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

Kazakhstan Nepal
Economic freedom 64.2 52.9
Economic freedom ranking 75/197 144/197
Property rights 54.9 38.8
Government integrity 40.7 38.9
Judicial effectiveness 33.8 42.9
Tax burden 91.2 84.3
Government spending 85.6 82.1
Fiscal health 97.2 71
Business freedom 64.9 60.8
Labor freedom 63.5 48.2
Monetary freedom 64.3 69.4
Trade freedom 74.4 58.6
Investment freedom 50 10
Financial freedom 50 30

Economic freedom comparison by year

Kazakhstan
Nepal
1x
Year Economic freedom index
Kazakhstan Nepal
2026 64.2 52.9
2025 63.8 52.5
2024 62 52.1
2023 62.1 51.4
2022 64.4 49.7
2021 71.1 50.7
2020 69.6 54.2
2019 65.4 53.8
2018 69.1 54.1
2017 69 55.1
2016 63.6 50.9
2015 63.3 51.3
2014 63.7 50.1
2013 63 50.4
2012 63.6 50.2
2011 62.1 50.1
2010 61 52.7
2009 60.1 53.2
2008 61.1 54.1
2007 59.6 54.4
2006 60.2 53.7
2005 53.9 51.4
2004 49.7 51.2
2003 52.3 51.5
2002 52.4 52.3
2001 51.8 51.6
2000 50.4 51.3
1999 47.3 53.1
1998 41.7 53.5
1997 - 53.6
1996 - 50.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Nepal
Services, % of GDP
57.7%
2025
54.4%
2025
Industry, % of GDP
32.3%
2025
12.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
21.6%
2025
GNI, Atlas method
$286B
2025
$46.5B
2025
GNI per capita, PPP
$41,090
2025
$6,250
2025
Total reserves including gold
$66.1B
2025
$21.1B
2025
Total reserves ranking
40/177
2025
65/177
2025
Net foreign direct investment
$1.38B
2025
-$56.9M
2024
Net inflows of foreign direct investment
$2.09B
2024
$56.9M
2024
Net outflows of foreign direct investment
-$1.9B
2024
$0
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
1.22%
2024
Poverty at national poverty lines
5%
2024
20.3%
2022
Gross capital formation, % of GDP
27.2%
2024
29.4%
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/nepal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, 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)

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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.