Skip to content

Economy of Kazakhstan vs Nigeria compared: GDP & Debt

Updated on by Georank

Kazakhstan has a GDP of $306B compared to $291B for Nigeria, ranking 49/197 and 50/197 by economy size, respectively.

Kazakhstan has $75.2B in government debt (24.6% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Kazakhstan vs Nigeria GDP by year

Kazakhstan
Nigeria
1x
Year GDP, current $
Kazakhstan Nigeria
2025 $306,239,209,650 $290,794,361,542
2024 $291,480,274,649 $252,261,880,140
2023 $261,840,101,060 $487,387,801,878
2022 $225,496,328,925 $646,950,257,575
2021 $197,112,255,361 $609,147,716,965
2020 $171,082,365,861 $598,586,817,817
2019 $181,667,184,855 $668,219,992,687
2018 $179,339,977,690 $421,739,251,509
2017 $166,805,788,827 $375,745,731,053
2016 $137,278,320,084 $404,649,125,252
2015 $184,388,404,706 $493,026,682,801
2014 $221,415,613,595 $574,183,763,412
2013 $236,634,603,409 $520,117,180,314
2012 $207,998,568,866 $463,971,018,239
2011 $192,626,464,617 $414,466,676,831
2010 $148,047,348,241 $366,990,417,129
2009 $115,308,686,941 $295,008,835,381
2008 $133,441,648,852 $339,476,276,258
2007 $104,849,915,058 $278,260,846,800
2006 $81,003,864,630 $238,454,997,161
2005 $57,123,671,734 $175,670,569,969
2004 $43,151,647,003 $135,764,731,646
2003 $30,833,692,900 $104,738,954,264
2002 $24,636,598,527 $95,054,059,303
2001 $22,152,689,180 $73,557,840,064
2000 $18,291,990,662 $69,171,451,627
1999 $16,870,817,182 $59,145,077,039
1998 $22,135,245,507 $218,416,200,673
1997 $22,165,932,063 $200,850,397,618
1996 $21,035,357,937 $185,730,236,700
1995 $20,374,302,652 $140,919,776,986
1994 $21,250,792,886 $80,399,613,064
1993 $23,409,260,880 $56,721,051,402
1992 $24,917,355,372 $52,058,181,854
1991 $24,923,076,923 $59,526,833,412
1990 $26,932,016,270 $54,035,795,388
1989 - $44,003,061,108
1988 - $49,648,470,440
1987 - $52,676,041,931
1986 - $54,805,852,581
1985 - $73,745,821,158
1984 - $73,484,359,521
1983 - $97,094,911,792
1982 - $142,769,363,314
1981 - $164,475,209,516
1980 - $64,201,788,123
1979 - $47,259,911,894
1978 - $36,527,862,209
1977 - $36,035,407,725
1976 - $36,308,883,249
1975 - $27,778,934,625
1974 - $24,846,641,318
1973 - $15,162,871,287
1972 - $12,274,416,018
1971 - $9,181,769,912
1970 - $12,546,094,982
1969 - $6,634,317,346
1968 - $5,200,997,920
1967 - $5,203,237,919
1966 - $6,366,917,453
1965 - $5,874,537,650
1964 - $5,552,931,319
1963 - $5,165,590,254
1962 - $4,909,399,176
1961 - $4,467,287,893
1960 - $4,196,174,502

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

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

GDP per capita in Kazakhstan vs Nigeria by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,692 - $1,224 -
2024 $14,155 $40,891 $1,084 $9,087
2023 $12,879 $38,515 $2,139 $8,705
2022 $11,255 $35,895 $2,899 $8,305
2021 $9,984 $32,946 $2,787 $7,588
2020 $8,782 $29,040 $2,797 $7,415
2019 $9,457 $28,689 $3,190 $7,551
2018 $9,472 $25,096 $2,058 $7,158
2017 $8,943 $23,973 $1,876 $7,037
2016 $7,476 $23,023 $2,070 $7,072
2015 $10,196 $22,484 $2,586 $7,308
2014 $12,428 $23,958 $3,089 $7,396
2013 $13,478 $23,754 $2,873 $7,004
2012 $12,019 $21,367 $2,633 $6,671
2011 $11,287 $20,160 $2,418 $6,585
2010 $8,793 $18,642 $2,202 $6,301
2009 $6,938 $17,389 $1,820 $5,927
2008 $8,124 $17,278 $2,154 $5,607
2007 $6,449 $16,581 $1,816 $5,298
2006 $5,030 $14,966 $1,600 $4,975
2005 $3,577 $13,226 $1,211 $4,678
2004 $2,722 $11,777 $962 $4,381
2003 $1,958 $10,532 $763 $4,015
2002 $1,574 $9,504 $712 $3,770
2001 $1,422 $8,568 $566 $3,309
2000 $1,180 $7,418 $547 $3,139
1999 $1,092 $6,626 $481 $3,002
1998 $1,415 $6,284 $1,822 $3,022
1997 $1,382 $6,178 $1,720 $2,990
1996 $1,281 $5,836 $1,633 $2,931
1995 $1,218 $5,595 $1,272 $2,835
1994 $1,247 $5,860 $745 $2,853
1993 $1,355 $6,477 $540 $2,921
1992 $1,438 $6,945 $509 $2,991
1991 $1,442 $7,193 $597 $2,870
1990 $1,570 $7,874 $556 $2,840
1989 - - $465 -
1988 - - $540 -
1987 - - $588 -
1986 - - $628 -
1985 - - $869 -
1984 - - $890 -
1983 - - $1,207 -
1982 - - $1,822 -
1981 - - $2,162 -
1980 - - $870 -
1979 - - $661 -
1978 - - $527 -
1977 - - $536 -
1976 - - $556 -
1975 - - $438 -
1974 - - $403 -
1973 - - $252.4 -
1972 - - $209.5 -
1971 - - $160.5 -
1970 - - $224.5 -
1969 - - $121.4 -
1968 - - $97.3 -
1967 - - $99.5 -
1966 - - $124.4 -
1965 - - $117.3 -
1964 - - $113.3 -
1963 - - $107.7 -
1962 - - $104.5 -
1961 - - $97.1 -
1960 - - $93.1 -

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

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

Kazakhstan's GDP per capita is $14,692, ranking 73/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Nigeria ranks 136th at $9,087.

Economic indicators

Kazakhstan Nigeria
Gross domestic product
$306B
2025
$291B
2025
GDP rank
49/197
2025
50/197
2025
GDP growth
6.5%
2024-2025
4.01%
2024-2025
GDP per capita
$14,692
2025
$1,224
2025
GDP per capita rank
73/197
2025
172/197
2025
GDP per capita, PPP
$40,891
2024
$9,087
2024
GDP per capita PPP rank
58/197
2024
136/197
2024
Government debt
$75.2B
2025
$103B
2025
Debt-to-GDP ratio
24.6%
2025
35.5%
2025
Government debt per person
$3,609
2025
$434
2025
Government debt per person rank
96/185
2025
170/185
2025
Average annual personal income after taxes
$8,395
2026
$768
2026
Market capitalization of domestic companies
$158B
2025
$86.9B
2025
Number of millionaires
44,307
2024
n/a
Number of billionaires
6
2026
4
2026
Income share by richest 10%
24.8%
2021
26.3%
2022
Income share by poorest 10%
4.3%
2021
3%
2022
Government expenditure, % of GDP
21.8%
2025
11.7%
2025
Consumer prices inflation
11.4%
2024-2025
23%
2024-2025
Central bank interest rate
17%
2026
26.5%
2026
Unemployment rate
4.9%
2022
3.45%
2024
Population
21211812
245016045

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Kazakhstan Nigeria
Government spending Government debt Government spending Government debt
2025 21.8% 24.6% 11.7% 35.5%
2024 22.7% 24.4% 12% 39.3%
2023 23.4% 23% 10.4% 36.3%
2022 21.7% 23.5% 10.6% 29.8%
2021 22.1% 25.1% 9.09% 26.6%
2020 24.5% 26.4% 8.73% 25.7%
2019 20.2% 19.9% 8.87% 21.4%
2018 18.8% 20.3% 9.1% 20.4%
2017 24.1% 19.9% 8.51% 18%
2016 21.5% 19.7% 6.93% 17.4%
2015 22.9% 21.9% 7.85% 14.9%
2014 21.3% 14.5% 9.49% 15.8%
2013 19.8% 12.6% 10% 13%
2012 21.9% 12.1% 10.5% 12.5%
2011 21.2% 10.2% 12.3% 12.4%
2010 22.5% 10.7% 11.8% 6.67%
2009 23.5% 10.2% 11% 6.12%
2008 27.1% 6.77% 10.2% 5.17%
2007 23.7% 4.09% 12.9% 5.76%
2006 19.8% 6.68% 8.75% 6.68%
2005 22% 8.1% 12.6% 13.4%
2004 21.3% 11.4% 13% 25.2%
2003 21.4% 15% 16.5% 29.9%
2002 20.5% 17.6% 13.8% 30.7%
2001 - - 21.9% 37.7%
2000 - - 17.6% 40.9%
1999 - - 14.9% 46.1%
1998 - - 11.2% 15.8%
1997 - - 9.68% 17.1%
1996 - - 7.87% 17.9%
1995 - - 8.87% 24.2%
1994 - - 12.1% 39.7%
1993 - - 20% 50.4%
1992 - - 15.9% 49.8%
1991 - - 13.6% 53.2%
1990 - - 14.2% 50.9%

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

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

In 2025, Kazakhstan's government spending was $66.9B, accounting for 21.8% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 24.6% in Kazakhstan and 35.5% in Nigeria, ranking 167/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Nigeria
1x
Year Deficit/surplus, % of GDP
Kazakhstan Nigeria
2025 -3.11% -1.76%
2024 -3.43% -1.27%
2023 -1.41% -3.12%
2022 0.11% -4%
2021 -4.97% -3.97%
2020 -7.04% -4.03%
2019 -0.57% -3.31%
2018 2.58% -3.06%
2017 -4.27% -3.85%
2016 -4.5% -3.3%
2015 -6.26% -2.7%
2014 2.48% -1.72%
2013 4.95% -1.89%
2012 4.43% -0.09%
2011 5.81% 0.31%
2010 1.47% -2.96%
2009 -1.33% -3.78%
2008 1.23% 4.05%
2007 5.13% -0.79%
2006 7.65% 6.22%
2005 6.08% 3.49%
2004 3.29% 3.9%
2003 4% -1.56%
2002 1.92% 0.95%
2001 - -2.29%
2000 - 2.89%
1999 - -1.39%
1998 - -3.47%
1997 - 1.14%
1996 - 3.37%
1995 - 2.52%
1994 - -2.96%
1993 - -6.07%
1992 - 0.94%
1991 - -1.18%
1990 - -0.48%

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

GeoRank.org/economy/kazakhstan/nigeria | 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 Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 24 years, Kazakhstan recorded a fiscal deficit in 10 of those years, while Nigeria ran a deficit in 18 years. On average, Kazakhstan posted an annual surplus equal to 0.59% of GDP, compared to deficit of 1.18% of GDP for Nigeria.

Inflation comparison by year

Inflation
Kazakhstan

Nigeria
1x
Year Consumer prices inflation
Kazakhstan Nigeria
2025 11.4% 23%
2024 8.7% 33.2%
2023 14.5% 24.7%
2022 15% 18.8%
2021 8% 17%
2020 6.8% 13.2%
2019 5.3% 11.4%
2018 6% 12.1%
2017 7.5% 16.5%
2016 14.6% 15.7%
2015 6.8% 9.01%
2014 6.6% 8.05%
2013 5.8% 8.5%
2012 5.1% 12.2%
2011 8.4% 10.8%
2010 7.1% 13.7%
2009 7.3% 12.5%
2008 17.2% 11.6%
2007 10.8% 5.39%
2006 8.6% 8.23%
2005 7.4% 17.9%
2004 7% 15%
2003 6.4% 14%
2002 6% 12.9%
2001 8.4% 18.9%
2000 13.2% 6.93%
1999 8.3% 6.62%
1998 7.1% 10%
1997 17.4% 8.53%

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/nigeria | CC BY

Over the past 29 years, Kazakhstan has recorded an average annual inflation rate of 9.06%, compared with 13.7% in Nigeria. In 2025, inflation was 11.4% in Kazakhstan and 23% in Nigeria.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $2.95M
Miscellaneous $534K
Machinery & equipment $261K
Animal & marine products $140K
Chemicals & pharma $27K
Metals $16K
Textiles & consumer goods $2K
Nigeria
Export category Export value
Machinery & equipment $124K
Raw agricultural goods $50K

Balance of trade

Kazakhstan Nigeria
Current account balance
-$12.5B
2025
$14B
2025
Current account balance ranking
177/190
2025
21/190
2025
Current account balance, % of GDP
-4.07%
2025
+4.83%
2025
Goods imports
$66.3B
2025
$43B
2025
Goods exports
$77.3B
2025
$57.5B
2025
Service imports
$14B
2025
$19.6B
2025
Service exports
$12.8B
2025
$5.06B
2025
Imports of goods and services, % of GDP
25.6%
2024
16.9%
1960
Exports of goods and services, % of GDP
31.6%
2024
9.24%
1960

Economic freedom indices

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

Kazakhstan Nigeria
Economic freedom 64.2 54.8
Economic freedom ranking 75/197 132/197
Property rights 54.9 29.7
Government integrity 40.7 23.5
Judicial effectiveness 33.8 34.4
Tax burden 91.2 84.6
Government spending 85.6 96.3
Fiscal health 97.2 83.5
Business freedom 64.9 50.3
Labor freedom 63.5 75.4
Monetary freedom 64.3 56.1
Trade freedom 74.4 64.4
Investment freedom 50 30
Financial freedom 50 30

Economic freedom comparison by year

Kazakhstan
Nigeria
1x
Year Economic freedom index
Kazakhstan Nigeria
2026 64.2 54.8
2025 63.8 53.4
2024 62 53.1
2023 62.1 53.9
2022 64.4 54.4
2021 71.1 58.7
2020 69.6 57.2
2019 65.4 57.3
2018 69.1 58.5
2017 69 57.1
2016 63.6 57.5
2015 63.3 55.6
2014 63.7 54.3
2013 63 55.1
2012 63.6 56.3
2011 62.1 56.7
2010 61 56.8
2009 60.1 55.1
2008 61.1 55.1
2007 59.6 55.6
2006 60.2 48.7
2005 53.9 48.4
2004 49.7 49.2
2003 52.3 49.5
2002 52.4 50.9
2001 51.8 49.6
2000 50.4 53.1
1999 47.3 55.7
1998 41.7 52.3
1997 - 52.8
1996 - 47.4
1995 - 47.3

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Nigeria
Services, % of GDP
57.7%
2025
58.2%
2025
Industry, % of GDP
32.3%
2025
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
3.74%
2025
23%
2025
GNI, Atlas method
$286B
2025
$324B
2025
GNI per capita, PPP
$41,090
2025
$9,230
2025
Total reserves including gold
$66.1B
2025
$46B
2025
Total reserves ranking
40/177
2025
52/177
2025
Net foreign direct investment
$1.38B
2025
-$2.82B
2025
Net inflows of foreign direct investment
$2.09B
2024
$1.61B
2024
Net outflows of foreign direct investment
-$1.9B
2024
$408M
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
5.46%
2024
Poverty at national poverty lines
5%
2024
56.2%
2023
Gross capital formation, % of GDP
27.2%
2024
n/a

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/nigeria | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (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.