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Economy of Kazakhstan vs Qatar compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $288B compared to $218B for Qatar, ranking 50/197 and 56/197 by economy size, respectively.

Kazakhstan has $71.5B in government debt (25.4% of GDP), compared to $89B (40.5% of GDP) in Qatar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kazakhstan
GDP, current $

GDP, constant 2015 $
Qatar
GDP, current $

GDP, constant 2015 $
Year GDP
Kazakhstan Qatar
Current $ Constant $ Current $ Constant $
1970 - - $301,791,302 $8,816,161,355
1971 - - $387,703,106 $9,698,469,706
1972 - - $510,262,500 $10,773,000,939
1973 - - $793,885,560 $11,934,857,801
1974 - - $2,401,403,227 $12,643,579,838
1975 - - $2,512,773,166 $13,386,912,643
1976 - - $3,284,273,987 $14,504,574,217
1977 - - $3,617,564,638 $13,444,952,239
1978 - - $4,052,000,413 $14,636,627,610
1979 - - $5,632,962,997 $15,401,791,822
1980 - - $7,829,165,262 $15,245,244,656
1981 - - $8,661,263,764 $15,382,600,057
1982 - - $7,596,703,214 $14,325,124,118
1983 - - $6,467,582,308 $14,063,666,907
1984 - - $6,704,395,824 $14,718,715,618
1985 - - $6,153,296,456 $14,406,653,786
1986 - - $5,053,021,951 $15,175,362,083
1987 - - $5,446,428,681 $15,182,189,691
1988 - - $6,038,187,033 $16,078,614,414
1989 - - $6,487,912,088 $17,079,059,748
1990 $26,932,016,270 $95,326,487,410 $7,360,439,423 $17,662,217,767
1991 $24,923,076,923 $84,840,573,793 $6,883,516,484 $17,368,630,639
1992 $24,917,355,372 $80,344,023,383 $7,646,153,984 $19,336,588,147
1993 $23,409,260,880 $72,952,373,230 $7,156,593,654 $19,080,352,035
1994 $21,250,792,886 $63,760,374,204 $7,374,450,769 $19,351,046,596
1995 $20,374,302,652 $58,532,023,519 $8,137,911,978 $19,815,323,915
1996 $21,035,357,937 $58,824,683,638 $9,059,340,385 $20,682,028,462
1997 $22,165,932,063 $59,824,703,259 $11,297,802,115 $26,889,127,081
1998 $22,135,245,507 $58,688,033,898 $10,255,495,027 $29,905,724,793
1999 $16,870,817,182 $60,272,610,812 $12,393,131,868 $31,186,905,301
2000 $18,291,990,662 $66,179,326,673 $17,759,890,110 $33,690,629,183
2001 $22,152,689,180 $75,113,535,772 $17,538,461,538 $35,003,952,797
2002 $24,636,598,527 $82,474,662,278 $19,363,736,264 $37,517,989,781
2003 $30,833,692,900 $90,144,805,870 $23,533,791,209 $38,913,643,497
2004 $43,151,647,003 $98,798,707,234 $31,734,065,934 $46,392,423,696
2005 $57,123,671,734 $108,382,181,835 $44,530,494,505 $49,868,495,958
2006 $81,003,864,630 $119,979,075,292 $60,882,142,857 $62,919,203,862
2007 $104,849,915,058 $130,657,212,993 $79,712,087,912 $74,235,635,940
2008 $133,441,648,852 $134,968,901,022 $115,270,054,945 $87,348,289,336
2009 $115,308,686,941 $136,588,527,833 $97,798,351,648 $97,792,140,945
2010 $148,047,348,241 $146,559,490,370 $125,122,306,346 $116,951,901,413
2011 $192,626,464,617 $157,404,892,659 $167,775,268,626 $132,594,424,543
2012 $207,998,568,866 $164,960,327,499 $186,833,502,363 $138,866,156,528
2013 $236,634,603,409 $174,857,947,144 $198,727,642,967 $146,581,616,624
2014 $221,415,613,595 $182,201,980,934 $206,224,598,571 $154,400,753,941
2015 $184,388,404,706 $184,388,404,706 $161,739,955,577 $161,739,955,577
2016 $137,278,320,084 $186,416,677,156 $151,732,181,868 $166,695,978,169
2017 $166,805,788,827 $194,059,760,924 $161,099,122,225 $164,199,531,362
2018 $179,339,977,690 $202,016,211,109 $183,334,953,819 $166,227,185,730
2019 $181,667,184,855 $211,106,940,611 $176,371,267,692 $167,371,229,300
2020 $171,082,365,861 $205,829,267,103 $144,411,363,352 $161,416,823,769
2021 $197,112,255,361 $214,679,925,583 $179,732,009,560 $164,042,828,071
2022 $225,496,328,925 $221,549,683,201 $235,709,325,714 $170,908,036,354
2023 $261,840,101,060 $232,848,717,044 $213,002,809,341 $172,936,988,055
2024 $288,406,138,231 $244,025,455,462 $217,982,967,033 $177,724,600,424

Economic indicators

Kazakhstan Qatar
Gross domestic product
$288B
2024
$218B
2024
GDP rank
50/197
2024
56/197
2024
GDP growth
10.1%
2023-2024
2.34%
2023-2024
GDP per capita
$14,005
2024
$76,276
2024
GDP per capita rank
72/197
2024
11/197
2024
GDP per capita, PPP
$40,813
2024
$126,110
2024
Government debt
$71.5B
2024
$89B
2024
Debt-to-GDP ratio
25.4%
2025
40.5%
2025
Government debt per person
$3,474
2024
$31,151
2024
Government debt per person rank
96/185
2024
23/185
2024
Average annual personal income after taxes
$7,117
2025
$36,023
2025
Market capitalization of domestic companies
$62.8B
2024
$170M
2024
Number of millionaires
44,307
2024
26,163
2024
Number of billionaires
6
2025
2
2025
Income share by richest 10%
24.8%
2021
25.8%
2017
Income share by poorest 10%
4.3%
2021
2.6%
2017
Government expenditure, % of GDP
20.6%
2025
26.5%
2025
Consumer prices inflation
11.4%
2024-2025
0.1%
2024-2025
Central bank interest rate
16.5%
2025
4.6%
2025
Unemployment rate
4.86%
2022
0.13%
2022
Population
21036432
2964497

GDP per capita in Kazakhstan vs Qatar

Kazakhstan's GDP per capita is $14,005, ranking 72/197, compared to $76,276 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,813, while Qatar ranks 5th at $126,110.

Kazakhstan
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
Year Current $
Kazakhstan Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $2,594 -
1971 - - $2,952 -
1972 - - $3,483 -
1973 - - $4,905 -
1974 - - $13,540 -
1975 - - $13,014 -
1976 - - $15,710 -
1977 - - $16,058 -
1978 - - $16,757 -
1979 - - $21,777 -
1980 - - $28,375 -
1981 - - $29,505 -
1982 - - $24,385 -
1983 - - $19,616 -
1984 - - $19,272 -
1985 - - $16,815 -
1986 - - $13,213 -
1987 - - $13,719 -
1988 - - $14,682 -
1989 - - $15,243 -
1990 $1,570 $7,874 $16,722 $55,659
1991 $1,442 $7,193 $15,133 $54,759
1992 $1,438 $6,945 $16,280 $60,387
1993 $1,355 $6,477 $14,770 $59,125
1994 $1,247 $5,860 $14,765 $59,415
1995 $1,218 $5,595 $15,823 $60,321
1996 $1,281 $5,836 $17,125 $62,331
1997 $1,382 $6,178 $20,523 $79,219
1998 $1,415 $6,284 $17,665 $84,486
1999 $1,092 $6,626 $20,234 $84,690
2000 $1,180 $7,418 $27,535 $88,849
2001 $1,422 $8,568 $25,871 $89,805
2002 $1,574 $9,504 $27,227 $93,176
2003 $1,958 $10,532 $31,602 $94,120
2004 $2,722 $11,777 $41,036 $110,958
2005 $3,577 $13,226 $53,950 $115,250
2006 $5,030 $14,966 $62,582 $127,181
2007 $6,449 $16,581 $65,954 $124,056
2008 $8,124 $17,278 $80,781 $126,015
2009 $6,938 $17,389 $60,786 $125,898
2010 $8,793 $18,642 $77,387 $151,646
2011 $11,287 $20,160 $103,262 $174,620
2012 $12,019 $21,367 $108,470 $180,939
2013 $13,478 $23,754 $103,697 $169,203
2014 $12,428 $23,958 $95,841 $148,389
2015 $10,196 $22,484 $68,985 $102,546
2016 $7,476 $23,023 $61,254 $89,935
2017 $8,943 $23,973 $63,280 $99,358
2018 $9,472 $25,096 $71,040 $110,033
2019 $9,457 $28,689 $66,841 $107,502
2020 $8,782 $29,040 $51,684 $82,149
2021 $9,984 $32,946 $71,752 $116,833
2022 $11,255 $35,895 $88,701 $122,920
2023 $12,879 $38,515 $80,196 $128,919
2024 $14,005 $40,813 $76,276 $126,110

Spending and national debt comparison

In 2024, Kazakhstan's government spending was $60.7B, accounting for 20.6% of its GDP, while Qatar's spent $56.2B, or 26.5% of GDP.

Debt-to-GDP ratio is 25.4% in Kazakhstan and 40.5% in Qatar, ranking 169/185 and 133/185, respectively.

Kazakhstan
Government spending

Government debt
Qatar
Government spending

Government debt
Year % of GDP
Kazakhstan Qatar
Government spending Government debt Government spending Government debt
1990 - - 50% 12.6%
1991 - - 57.5% 21.8%
1992 - - 54.2% 19.9%
1993 - - 62.8% 46.3%
1994 - - 59.8% 54.8%
1995 - - 52.2% 50.2%
1996 - - 55.2% 57.8%
1997 - - 47.6% 54.4%
1998 - - 55.1% 76.6%
1999 - - 42.4% 81.8%
2000 - - 29.8% 51.6%
2001 - - 32.1% 59.2%
2002 20.5% 17.6% 31.6% 47.7%
2003 21.4% 15% 28.5% 38.8%
2004 21.3% 11.4% 29.9% 30.1%
2005 22% 8.1% 29% 19.1%
2006 19.8% 6.68% 29.5% 13.9%
2007 23.7% 4.09% 29.5% 9.37%
2008 27.1% 6.77% 23.5% 11.4%
2009 23.5% 10.2% 36.4% 36%
2010 22.5% 10.7% 32% 30.4%
2011 21.2% 10.2% 28.5% 33.5%
2012 21.9% 12.1% 31% 32.1%
2013 19.8% 12.6% 28.3% 30.9%
2014 21.3% 14.5% 32.3% 24.9%
2015 22.9% 21.9% 38.6% 35.5%
2016 21.5% 19.7% 40.1% 46.7%
2017 24.1% 19.9% 34.7% 51.6%
2018 18.8% 20.3% 28.9% 52.2%
2019 20.2% 19.9% 32.5% 62.1%
2020 24.5% 26.4% 34.7% 72.6%
2021 22.1% 25.1% 29.4% 58.4%
2022 21.7% 23.5% 24.3% 42.6%
2023 23.4% 23% 27.3% 43.7%
2024 21% 24.8% 25.8% 40.8%
2025 20.6% 25.4% 26.5% 40.5%

Government deficit by year

In 2024, Kazakhstan's government deficit, the difference between spending and revenue, was -$4.68B, equivalent to -1.62% of GDP. This compares to Qatar's surplus of $1.52B, or 0.7% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Qatar ran a deficit in 3 years. On average, Kazakhstan posted an annual surplus equal to +0.83% of GDP, compared to surplus of +6.77% of GDP for Qatar.

Deficit/surplus
Kazakhstan

Qatar
Year Deficit/surplus, % of GDP
Kazakhstan Qatar
1990 - 3.23%
1991 - -2.57%
1992 - -2.74%
1993 - -9.53%
1994 - -11.8%
1995 - -5.78%
1996 - -8.73%
1997 - -9.4%
1998 - -7%
1999 - -4.35%
2000 - 4.62%
2001 - 4.48%
2002 1.92% 7.89%
2003 4% 6.71%
2004 3.29% 17.7%
2005 6.08% 9.8%
2006 7.65% 8.39%
2007 5.13% 10.3%
2008 1.23% 9.49%
2009 -1.33% 14.1%
2010 1.47% 4.6%
2011 5.81% 5.24%
2012 4.43% 8.55%
2013 4.95% 19.3%
2014 2.48% 13.4%
2015 -6.26% 18.4%
2016 -4.5% -9.2%
2017 -4.27% -6.82%
2018 2.58% 2.26%
2019 -0.57% 1%
2020 -7.04% -2.13%
2021 -4.97% 0.24%
2022 0.11% 10.4%
2023 -1.52% 5.48%
2024 -1.62% 0.7%
2025 -3.15% 0.04%

Inflation comparison by year

Over the past 30 years, Kazakhstan has recorded an average annual inflation rate of 10.1%, compared with 3.11% in Qatar. In 2025, inflation was 11.4% in Kazakhstan and 0.1% in Qatar.

Inflation
Kazakhstan

Qatar
Year Inflation
Kazakhstan Qatar Kazakhstan Qatar
1996 39.2% 7%
1997 17.4% 2.7%
1998 7.1% 2.9%
1999 8.3% 2.2%
2000 13.2% 1.6%
2001 8.4% 1.7%
2002 6% 0.2%
2003 6.4% 2.3%
2004 7% 6.8%
2005 7.4% 9%
2006 8.6% 11.7%
2007 10.8% 13.7%
2008 17.2% 15.1%
2009 7.3% -4.9%
2010 7.1% -2.4%
2011 8.4% 2%
2012 5.1% 1.8%
2013 5.8% 3.1%
2014 6.6% 4.2%
2015 6.8% 0.9%
2016 14.6% 2.7%
2017 7.5% 0.6%
2018 6% 0.1%
2019 5.3% -0.9%
2020 6.8% -2.5%
2021 8% 2.3%
2022 15% 5%
2023 14.5% 3.1%
2024 8.7% 1.2%
2025 11.4% 0.1%

Top exports between countries

Kazakhstan
Export category Export value
Miscellaneous $3.96M
Animal & marine products $3.76M
Raw materials & minerals $3.05M
Machinery & equipment $855K
Chemicals & pharma $170K
Metals $43K
Textiles & consumer goods $22K
Wood & paper products $20K
Processed food, beverages & tobacco $17K
Precious metals & jewellery $1K
Qatar
Export category Export value
Machinery & equipment $63K
Precious metals & jewellery $34K

Balance of trade

Kazakhstan Qatar
Current account balance
-$4.98B
2024
$37.9B
2024
Current account balance ranking
166/189
2024
15/189
2024
Current account balance, % of GDP
-1.73%
2024
+17.4%
2024
Goods imports
$61.2B
2024
$32.6B
2024
Goods exports
$78.8B
2024
$95B
2024
Service imports
$13B
2024
$37.1B
2024
Service exports
$11.8B
2024
$30.2B
2024
Imports of goods and services, % of GDP
27.5%
2023
31.6%
2022
Exports of goods and services, % of GDP
34.5%
2023
68.6%
2022

Economic freedom indices

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

Kazakhstan Qatar
Economic freedom 63.8 70.2
Economic freedom ranking 74/197 33/197
Property rights 54.7 71.1
Government integrity 39.9 52.6
Judicial effectiveness 34.8 42.3
Tax burden 91.7 99.9
Government spending 85.1 78.1
Fiscal health 91.8 96.2
Business freedom 69.3 67.9
Labor freedom 63.2 59.3
Monetary freedom 61.3 73.2
Trade freedom 73.2 81.6
Investment freedom 50 60
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Kazakhstan is 63.8, ranking 74/197, compared to 70.2 for Qatar, ranking 33/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kazakhstan
Qatar
Year Economic freedom index
Kazakhstan Qatar
1998 41.7 -
1999 47.3 62
2000 50.4 62
2001 51.8 60
2002 52.4 61.9
2003 52.3 65.9
2004 49.7 66.5
2005 53.9 63.5
2006 60.2 62.4
2007 59.6 62.9
2008 61.1 62.2
2009 60.1 65.8
2010 61 69
2011 62.1 70.5
2012 63.6 71.3
2013 63 71.3
2014 63.7 71.2
2015 63.3 70.8
2016 63.6 70.7
2017 69 73.1
2018 69.1 72.6
2019 65.4 72.6
2020 69.6 72.3
2021 71.1 72
2022 64.4 67.7
2023 62.1 68.6
2024 62 68.8
2025 63.8 70.2

More economic indicators

Kazakhstan Qatar
Services, % of GDP
58.2%
2024
45.9%
2024
Industry, % of GDP
31.4%
2024
58.5%
2024
Agriculture, forestry, and fishing, % of GDP
3.94%
2024
0.29%
2024
GNI, Atlas method
$250B
2024
$219B
2024
GNI per capita, PPP
$37,870
2024
$121,930
2024
Total reserves including gold
$45.8B
2024
$54B
2024
Total reserves ranking
43/177
2024
40/177
2024
Net foreign direct investment
-$1.21B
2024
$1.1B
2024
Net inflows of foreign direct investment
-$682M
2024
$460M
2024
Net outflows of foreign direct investment
-$1.89B
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
19%
2023
n/a
Poverty at national poverty lines
5%
2024
n/a
Gross capital formation, % of GDP
29.8%
2023
30.6%
2022

GDP per capita map

GDP per capita

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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.