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Economy of Kazakhstan vs Philippines compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $462B for the Philippines, ranking 48/197 and 35/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $261B (56.6% of GDP) in the Philippines.

Kazakhstan vs Philippines GDP by year

Kazakhstan
Philippines
1x
Year GDP, current $
Kazakhstan Philippines
2024 $291,480,274,649 $461,617,509,782
2023 $261,840,101,060 $437,055,627,244
2022 $225,496,328,925 $404,353,369,605
2021 $197,112,255,361 $394,087,359,848
2020 $171,082,365,861 $361,751,145,452
2019 $181,667,184,855 $376,823,402,239
2018 $179,339,977,690 $346,841,896,587
2017 $166,805,788,827 $328,480,736,803
2016 $137,278,320,084 $318,627,003,017
2015 $184,388,404,706 $306,445,871,242
2014 $221,415,613,595 $297,483,555,338
2013 $236,634,603,409 $283,902,828,589
2012 $207,998,568,866 $261,920,540,963
2011 $192,626,464,617 $234,216,730,291
2010 $148,047,348,241 $208,368,893,151
2009 $115,308,686,941 $175,974,755,881
2008 $133,441,648,852 $181,624,626,327
2007 $104,849,915,058 $155,980,408,673
2006 $81,003,864,630 $127,652,926,368
2005 $57,123,671,734 $107,419,977,318
2004 $43,151,647,003 $95,001,999,685
2003 $30,833,692,900 $87,039,092,974
2002 $24,636,598,527 $84,307,345,888
2001 $22,152,689,180 $78,921,234,458
2000 $18,291,990,662 $83,669,788,377
1999 $16,870,817,182 $85,640,171,045
1998 $22,135,245,507 $74,492,416,330
1997 $22,165,932,063 $94,106,317,565
1996 $21,035,357,937 $94,648,084,429
1995 $20,374,302,652 $84,644,328,727
1994 $21,250,792,886 $73,159,336,915
1993 $23,409,260,880 $62,036,529,147
1992 $24,917,355,372 $60,422,328,242
1991 $24,923,076,923 $51,784,144,943
1990 $26,932,016,270 $50,508,286,642
1989 - $48,513,773,721
1988 - $43,152,128,959
1987 - $37,791,488,666
1986 - $33,987,207,295
1985 - $34,961,486,348
1984 - $35,730,185,634
1983 - $37,759,179,895
1982 - $42,206,011,275
1981 - $40,499,388,869
1980 - $36,848,080,899
1979 - $31,218,296,292
1978 - $25,762,224,563
1977 - $22,283,109,803
1976 - $19,381,055,197
1975 - $16,875,240,684
1974 - $15,607,882,555
1973 - $11,412,449,735
1972 - $9,067,815,521
1971 - $8,375,075,630
1970 - $7,559,115,517
1969 - $9,571,800,653
1968 - $8,632,749,269
1967 - $7,724,873,935
1966 - $7,189,017,888
1965 - $6,517,349,772
1964 - $5,953,756,195
1963 - $5,505,023,238
1962 - $4,954,593,072
1961 - $8,171,194,425
1960 - $7,515,894,111

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Kazakhstan vs Philippines by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Philippines
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Philippines
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $3,985 $11,794
2023 $12,879 $38,515 $3,804 $10,986
2022 $11,255 $35,895 $3,548 $10,131
2021 $9,984 $32,946 $3,484 $8,858
2020 $8,782 $29,040 $3,228 $8,238
2019 $9,457 $28,689 $3,401 $8,924
2018 $9,472 $25,096 $3,169 $8,358
2017 $8,943 $23,973 $3,038 $7,774
2016 $7,476 $23,023 $2,985 $7,383
2015 $10,196 $22,484 $2,910 $6,894
2014 $12,428 $23,958 $2,867 $6,689
2013 $13,478 $23,754 $2,781 $6,373
2012 $12,019 $21,367 $2,615 $6,094
2011 $11,287 $20,160 $2,384 $5,705
2010 $8,793 $18,642 $2,163 $5,489
2009 $6,938 $17,389 $1,864 $5,157
2008 $8,124 $17,278 $1,959 $5,144
2007 $6,449 $16,581 $1,713 $4,923
2006 $5,030 $14,966 $1,426 $4,579
2005 $3,577 $13,226 $1,220 $4,289
2004 $2,722 $11,777 $1,100 $4,037
2003 $1,958 $10,532 $1,027 $3,761
2002 $1,574 $9,504 $1,015 $3,580
2001 $1,422 $8,568 $970 $3,469
2000 $1,180 $7,418 $1,051 $3,366
1999 $1,092 $6,626 $1,101 $3,229
1998 $1,415 $6,284 $983 $3,160
1997 $1,382 $6,178 $1,273 $3,221
1996 $1,281 $5,836 $1,311 $3,082
1995 $1,218 $5,595 $1,200 $2,926
1994 $1,247 $5,860 $1,060 $2,800
1993 $1,355 $6,477 $919 $2,684
1992 $1,438 $6,945 $917 $2,629
1991 $1,442 $7,193 $804 $2,621
1990 $1,570 $7,874 $804 $2,608
1989 - - $792 -
1988 - - $722 -
1987 - - $650 -
1986 - - $600 -
1985 - - $633 -
1984 - - $665 -
1983 - - $723 -
1982 - - $833 -
1981 - - $821 -
1980 - - $767 -
1979 - - $667 -
1978 - - $565 -
1977 - - $502 -
1976 - - $449 -
1975 - - $401 -
1974 - - $379 -
1973 - - $283.2 -
1972 - - $230.1 -
1971 - - $217.4 -
1970 - - $200.9 -
1969 - - $261.1 -
1968 - - $242.2 -
1967 - - $223.1 -
1966 - - $213.8 -
1965 - - $199.8 -
1964 - - $188.2 -
1963 - - $179.5 -
1962 - - $166.7 -
1961 - - $283.8 -
1960 - - $269.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $3,985 in the Philippines, ranking 130/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while the Philippines ranks 127th at $11,794.

Economic indicators

Kazakhstan Philippines
Gross domestic product
$291B
2024
$462B
2024
GDP rank
48/197
2024
35/197
2024
GDP growth
5%
2023-2024
5.69%
2023-2024
GDP per capita
$14,155
2024
$3,985
2024
GDP per capita rank
71/197
2024
130/197
2024
GDP per capita, PPP
$40,891
2024
$11,794
2024
GDP per capita PPP rank
58/197
2024
127/197
2024
Government debt
$71.1B
2024
$261B
2024
Debt-to-GDP ratio
24.4%
2024
56.6%
2024
Government debt per person
$3,450
2024
$2,257
2024
Government debt per person rank
95/185
2024
117/185
2024
Average annual personal income after taxes
$7,486
2026
$3,407
2026
Market capitalization of domestic companies
$62.8B
2024
$252B
2024
Number of millionaires
44,307
2025
n/a
Number of billionaires
6
2025
15
2025
Income share by richest 10%
24.8%
2021
31.6%
2023
Income share by poorest 10%
4.3%
2021
2.9%
2023
Government expenditure, % of GDP
20.7%
2024
24.9%
2024
Consumer prices inflation
8.7%
2023-2024
3.21%
2023-2024
Central bank interest rate
18%
2025
4.75%
2025
Unemployment rate
4.86%
2022
2.41%
2023
Population
21161809
117991570

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Philippines
Spending

Debt
1x
Year % of GDP
Kazakhstan Philippines
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 24.9% 56.6%
2023 23.4% 23% 24.7% 56.5%
2022 21.7% 23.5% 25.9% 57.4%
2021 22.1% 25.1% 27.2% 57%
2020 24.5% 26.4% 25.9% 51.6%
2019 20.2% 19.9% 21.7% 37%
2018 18.8% 20.3% 20.9% 37.1%
2017 24.1% 19.9% 19.5% 38.1%
2016 21.5% 19.7% 19% 37.4%
2015 22.9% 21.9% 17.8% 39.7%
2014 21.3% 14.5% 16.8% 40.3%
2013 19.8% 12.6% 17.3% 43.9%
2012 21.9% 12.1% 17.7% 45.7%
2011 21.2% 10.2% 17.2% 45.4%
2010 22.5% 10.7% 18.3% 47.6%
2009 23.5% 10.2% 19.2% 49.8%
2008 27.1% 6.77% 17.9% 50%
2007 23.7% 4.09% 18.2% 50.2%
2006 19.8% 6.68% 18.3% 57.2%
2005 22% 8.1% 18.7% 64.7%
2004 21.3% 11.4% 19.4% 71.1%
2003 21.4% 15% 20.4% 71.4%
2002 20.5% 17.6% 20.6% 65.2%
2001 - - 21% 59.5%
2000 - - 20.8% 59.2%
1999 - - 20.7% 54.2%
1998 - - 20.3% 50.8%
1997 - - 20.3% 56.9%
1996 - - 19.6% 53.1%
1995 - - 19.1% 60.8%
1994 - - 19.7% 63.6%
1993 - - 17.6% 73.9%
1992 - - 18.4% 53.9%
1991 - - 18% 55.6%
1990 - - 18.8% 56.2%
1989 - - 15.7% 55.2%
1988 - - 15.9% 69%
1987 - - 15.7% 79.2%
1986 - - 13.5% 77.7%
1985 - - 11.3% 53.1%
1984 - - 10.1% 45.8%
1983 - - 12.2% 43.1%
1982 - - 12.8% 32.9%
1981 - - 13.7% 27.6%
1980 - - 13.4% 24.8%
1979 - - 11.9% 22.5%
1978 - - 13.3% 23.1%
1977 - - 13.3% 19.8%
1976 - - 13.8% 16.8%
1975 - - 15.1% 13%
1974 - - 10.7% 13.4%
1973 - - 14% 11.5%
1972 - - 13.4% 14.2%
1971 - - 11.2% 14.8%
1970 - - 10.4% 16.8%
1969 - - 11.5% 16.4%
1968 - - 11.2% 15.7%
1967 - - 10.2% 15.4%
1966 - - 9.77% 14.4%
1965 - - 9.48% 15%
1964 - - 9.66% 14.2%
1963 - - 10.4% 14.1%
1962 - - 10.8% 15.9%
1961 - - 9.6% 16.5%
1960 - - 10.1% 16.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while the Philippines spent $115B, or 24.9% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 56.6% in the Philippines, ranking 167/185 and 93/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Philippines
1x
Year Deficit/surplus, % of GDP
Kazakhstan Philippines
2024 -1.6% -3.78%
2023 -1.52% -4.38%
2022 0.11% -5.48%
2021 -4.97% -6.23%
2020 -7.04% -5.55%
2019 -0.57% -1.5%
2018 2.58% -1.48%
2017 -4.27% -0.75%
2016 -4.5% -0.74%
2015 -6.26% 0.14%
2014 2.48% 1.32%
2013 4.95% 0.37%
2012 4.43% -0.22%
2011 5.81% -0.38%
2010 1.47% -2.25%
2009 -1.33% -2.57%
2008 1.23% 0.02%
2007 5.13% -0.28%
2006 7.65% -0.05%
2005 6.08% -1.62%
2004 3.29% -2.81%
2003 4% -3.49%
2002 1.92% -3.71%
2001 - -3.49%
2000 - -3.27%
1999 - -2.29%
1998 - -1.31%
1997 - 0.37%
1996 - 0.54%
1995 - -0.02%
1994 - -0.44%
1993 - 0.63%
1992 - -0.43%
1991 - -0.26%
1990 - -1.52%
1989 - -1.64%
1988 - -2.71%
1987 - -1.06%
1986 - -0.55%
1985 - 0.71%
1984 - 0.64%
1983 - 0.1%
1982 - -0.88%
1981 - -1.09%
1980 - 0.56%
1979 - 1.54%
1978 - 0.05%
1977 - -0.42%
1976 - -0.55%
1975 - 0.13%
1974 - 5.94%
1973 - 2.49%
1972 - 3.39%
1971 - -0.96%
1970 - -0.31%
1969 - -2.67%
1968 - -2.33%
1967 - -1.35%
1966 - -0.74%
1965 - -1.53%
1964 - -0.99%
1963 - -0.68%
1962 - -0.43%
1961 - -0.29%
1960 - -1.06%
1959 - -0.15%
1958 - -0.21%
1957 - -0.56%
1956 - -0.77%
1955 - -1.3%
1954 - -0.79%
1953 - -0.88%
1952 - 0.49%
1951 - 1.5%
1950 - -0.19%
1949 - -2.33%
1948 - -0.65%
1947 - 0.05%
1946 - -2.54%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1989, retrieved 2026-02-20).

GeoRank.org/economy/kazakhstan/philippines | 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 the Philippines' deficit of $17.5B, or 3.78% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while the Philippines ran a deficit in 19 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 1.98% of GDP for the Philippines.

Inflation comparison by year

Inflation
Kazakhstan

Philippines
1x
Year Consumer prices inflation
Kazakhstan Philippines
2024 8.7% 3.21%
2023 14.5% 5.98%
2022 15% 5.82%
2021 8% 3.93%
2020 6.8% 2.39%
2019 5.3% 2.39%
2018 6% 5.31%
2017 7.5% 2.85%
2016 14.6% 1.25%
2015 6.8% 0.67%
2014 6.6% 3.6%
2013 5.8% 2.58%
2012 5.1% 3.03%
2011 8.4% 4.72%
2010 7.1% 3.79%
2009 7.3% 4.22%
2008 17.2% 8.26%
2007 10.8% 2.9%
2006 8.6% 5.49%
2005 7.4% 6.52%
2004 7% 4.83%
2003 6.4% 2.29%
2002 6% 2.72%
2001 8.4% 5.35%
2000 13.2% 3.98%
1999 8.3% 5.94%
1998 7.1% 9.23%
1997 17.4% 5.59%

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/philippines | CC BY

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 4.24% in the Philippines. In 2024, inflation was 8.7% in Kazakhstan and 3.21% in the Philippines.

Top exports between countries

Kazakhstan
Export category Export value
Metals $4.34M
Machinery & equipment $91K
Wood & paper products $23K
Textiles & consumer goods $22K
Processed food, beverages & tobacco $5K
Chemicals & pharma $1K
Philippines
Export category Export value
Textiles & consumer goods $2.4M
Raw materials & minerals $1.8M
Machinery & equipment $665K
Chemicals & pharma $381K
Processed food, beverages & tobacco $193K
Raw agricultural goods $19K
Metals $9K
Wood & paper products $8K

Balance of trade

Kazakhstan Philippines
Current account balance
-$7.94B
2024
-$18.3B
2024
Current account balance ranking
173/190
2024
183/190
2024
Current account balance, % of GDP
-2.72%
2024
-3.96%
2024
Goods imports
$61.8B
2024
$124B
2024
Goods exports
$79B
2024
$55.1B
2024
Service imports
$13B
2024
$37.6B
2024
Service exports
$11.8B
2024
$51.6B
2024
Imports of goods and services, % of GDP
25.6%
2024
40.1%
2024
Exports of goods and services, % of GDP
31.6%
2024
25.8%
2024

Economic freedom indices

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

Kazakhstan Philippines
Economic freedom 64.2 62.9
Economic freedom ranking 75/197 85/197
Property rights 54.9 45.8
Government integrity 40.7 35.4
Judicial effectiveness 33.8 41.8
Tax burden 91.2 78.3
Government spending 85.6 81
Fiscal health 97.2 60.5
Business freedom 64.9 69.2
Labor freedom 63.5 57.8
Monetary freedom 64.3 72.1
Trade freedom 74.4 83
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Kazakhstan
Philippines
1x
Year Economic freedom index
Kazakhstan Philippines
2026 64.2 62.9
2025 63.8 60.6
2024 62 59
2023 62.1 59.3
2022 64.4 61.1
2021 71.1 64.1
2020 69.6 64.5
2019 65.4 63.8
2018 69.1 65
2017 69 65.6
2016 63.6 63.1
2015 63.3 62.2
2014 63.7 60.1
2013 63 58.2
2012 63.6 57.1
2011 62.1 56.2
2010 61 56.3
2009 60.1 56.8
2008 61.1 56
2007 59.6 56
2006 60.2 56.3
2005 53.9 54.7
2004 49.7 59.1
2003 52.3 61.3
2002 52.4 60.7
2001 51.8 60.9
2000 50.4 62.5
1999 47.3 61.9
1998 41.7 62.8
1997 - 62.2
1996 - 60.2
1995 - 55

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 62.9 for the Philippines, ranking 85/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Philippines
Services, % of GDP
57.9%
2024
63.2%
2024
Industry, % of GDP
32.1%
2024
27.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
9.08%
2024
GNI, Atlas method
$249B
2024
$518B
2024
GNI per capita, PPP
$37,590
2024
$13,330
2024
Total reserves including gold
$45.8B
2024
$106B
2024
Total reserves ranking
43/177
2024
27/177
2024
Net foreign direct investment
-$3.9B
2024
-$6.57B
2024
Net inflows of foreign direct investment
$1.98B
2024
$9.44B
2024
Net outflows of foreign direct investment
-$1.92B
2024
$2.87B
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
3.45%
2024
Poverty at national poverty lines
5%
2024
15.5%
2023
Gross capital formation, % of GDP
27.2%
2024
23.7%
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/philippines | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1992, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.