Skip to content

Economy of Kazakhstan vs Romania compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $383B for Romania, ranking 48/197 and 42/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $220B (57.4% of GDP) in Romania.

Kazakhstan vs Romania GDP by year

Kazakhstan
Romania
1x
Year GDP, current $
Kazakhstan Romania
2024 $291,480,274,649 $382,564,217,989
2023 $261,840,101,060 $347,757,995,759
2022 $225,496,328,925 $295,319,437,557
2021 $197,112,255,361 $285,071,280,114
2020 $171,082,365,861 $250,625,048,304
2019 $181,667,184,855 $250,080,428,512
2018 $179,339,977,690 $241,791,427,224
2017 $166,805,788,827 $210,147,385,855
2016 $137,278,320,084 $185,290,759,249
2015 $184,388,404,706 $177,885,131,240
2014 $221,415,613,595 $199,722,319,676
2013 $236,634,603,409 $189,798,603,751
2012 $207,998,568,866 $179,117,323,107
2011 $192,626,464,617 $192,623,977,894
2010 $148,047,348,241 $170,064,350,672
2009 $115,308,686,941 $174,110,532,659
2008 $133,441,648,852 $214,315,932,061
2007 $104,849,915,058 $174,588,782,939
2006 $81,003,864,630 $122,023,735,993
2005 $57,123,671,734 $98,454,380,120
2004 $43,151,647,003 $74,973,656,852
2003 $30,833,692,900 $57,806,384,143
2002 $24,636,598,527 $46,065,502,703
2001 $22,152,689,180 $40,395,116,581
2000 $18,291,990,662 $37,253,739,511
1999 $16,870,817,182 $35,953,156,754
1998 $22,135,245,507 $41,696,091,974
1997 $22,165,932,063 $35,575,214,078
1996 $21,035,357,937 $36,937,074,278
1995 $20,374,302,652 $37,430,162,103
1994 $21,250,792,886 $30,072,805,104
1993 $23,409,260,880 $26,361,160,450
1992 $24,917,355,372 $25,121,666,667
1991 $24,923,076,923 $28,850,634,900
1990 $26,932,016,270 $38,247,882,300
1989 - $41,450,777,202
1988 - $40,424,528,302
1987 - $38,067,567,568

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Kazakhstan vs Romania by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $20,080 $49,077
2023 $12,879 $38,515 $18,244 $45,982
2022 $11,255 $35,895 $15,504 $41,979
2021 $9,984 $32,946 $14,908 $37,534
2020 $8,782 $29,040 $13,009 $34,194
2019 $9,457 $28,689 $12,910 $33,425
2018 $9,472 $25,096 $12,416 $29,383
2017 $8,943 $23,973 $10,728 $26,943
2016 $7,476 $23,023 $9,405 $23,905
2015 $10,196 $22,484 $8,977 $21,625
2014 $12,428 $23,958 $10,032 $20,633
2013 $13,478 $23,754 $9,498 $19,678
2012 $12,019 $21,367 $8,930 $19,808
2011 $11,287 $20,160 $9,561 $18,804
2010 $8,793 $18,642 $8,400 $17,355
2009 $6,938 $17,389 $8,548 $16,641
2008 $8,124 $17,278 $10,435 $16,782
2007 $6,449 $16,581 $8,360 $13,703
2006 $5,030 $14,966 $5,758 $11,554
2005 $3,577 $13,226 $4,618 $9,602
2004 $2,722 $11,777 $3,495 $8,989
2003 $1,958 $10,532 $2,679 $7,559
2002 $1,574 $9,504 $2,120 $7,162
2001 $1,422 $8,568 $1,825 $6,520
2000 $1,180 $7,418 $1,660 $5,850
1999 $1,092 $6,626 $1,600 $5,596
1998 $1,415 $6,284 $1,853 $5,545
1997 $1,382 $6,178 $1,577 $5,564
1996 $1,281 $5,836 $1,633 $5,746
1995 $1,218 $5,595 $1,650 $5,429
1994 $1,247 $5,860 $1,323 $4,995
1993 $1,355 $6,477 $1,158 $4,699
1992 $1,438 $6,945 $1,102 $4,515
1991 $1,442 $7,193 $1,254 $4,795
1990 $1,570 $7,874 $1,648 $5,280
1989 - - $1,790 -
1988 - - $1,753 -
1987 - - $1,659 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Romania ranks 47th at $49,077.

Economic indicators

Kazakhstan Romania
Gross domestic product
$291B
2024
$383B
2024
GDP rank
48/197
2024
42/197
2024
GDP growth
5%
2023-2024
0.92%
2023-2024
GDP per capita
$14,155
2024
$20,080
2024
GDP per capita rank
71/197
2024
58/197
2024
GDP per capita, PPP
$40,891
2024
$49,077
2024
GDP per capita PPP rank
58/197
2024
47/197
2024
Government debt
$71.1B
2024
$220B
2024
Debt-to-GDP ratio
24.4%
2024
57.4%
2024
Government debt per person
$3,450
2024
$11,533
2024
Government debt per person rank
95/185
2024
48/185
2024
Average annual personal income after taxes
$7,486
2026
$13,912
2026
Market capitalization of domestic companies
$62.8B
2024
$47.4B
2024
Number of millionaires
44,307
2025
n/a
Number of billionaires
6
2025
6
2025
Income share by richest 10%
24.8%
2021
21.8%
2023
Income share by poorest 10%
4.3%
2021
2.4%
2023
Government expenditure, % of GDP
20.7%
2024
39.9%
2024
Consumer prices inflation
8.7%
2023-2024
5.6%
2023-2024
Central bank interest rate
18%
2025
6.5%
2024
Unemployment rate
4.86%
2022
5.43%
2024
Population
21161809
18839108

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Kazakhstan Romania
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 39.9% 57.4%
2023 23.4% 23% 36.6% 52.1%
2022 21.7% 23.5% 37.4% 51.7%
2021 22.1% 25.1% 37% 51.5%
2020 24.5% 26.4% 38.1% 49.3%
2019 20.2% 19.9% 33.2% 36.5%
2018 18.8% 20.3% 31.7% 36.2%
2017 24.1% 19.9% 31% 37.1%
2016 21.5% 19.7% 31.8% 39.5%
2015 22.9% 21.9% 34.2% 39.4%
2014 21.3% 14.5% 33.8% 40.5%
2013 19.8% 12.6% 34.2% 39.3%
2012 21.9% 12.1% 33.5% 36.2%
2011 21.2% 10.2% 35% 32.6%
2010 22.5% 10.7% 37.4% 30.2%
2009 23.5% 10.2% 36.3% 22.5%
2008 27.1% 6.77% 35.3% 13%
2007 23.7% 4.09% 34.6% 12.4%
2006 19.8% 6.68% 33.9% 12.7%
2005 22% 8.1% 32.3% 17.8%
2004 21.3% 11.4% 33.7% 21.3%
2003 21.4% 15% 31.8% 24.9%
2002 20.5% 17.6% 32.1% 27.4%
2001 - - 33.2% 27.4%
2000 - - 35% 29.6%
1999 - - 35.1% 21.7%
1998 - - 34.7% 16.5%
1997 - - 33.5% 15%
1996 - - 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 57.4% in Romania, ranking 167/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Romania
1x
Year Deficit/surplus, % of GDP
Kazakhstan Romania
2024 -1.6% -8.68%
2023 -1.52% -5.61%
2022 0.11% -5.83%
2021 -4.97% -6.7%
2020 -7.04% -9.54%
2019 -0.57% -4.55%
2018 2.58% -2.74%
2017 -4.27% -2.86%
2016 -4.5% -2.5%
2015 -6.26% -1.35%
2014 2.48% -1.76%
2013 4.95% -2.44%
2012 4.43% -2.39%
2011 5.81% -4.14%
2010 1.47% -6.22%
2009 -1.33% -6.86%
2008 1.23% -4.6%
2007 5.13% -3.05%
2006 7.65% -1.36%
2005 6.08% -0.69%
2004 3.29% -3.39%
2003 4% -2.29%
2002 1.92% -2.59%
2001 - -3.2%
2000 - -3.99%
1999 - -3.58%
1998 - -5.33%
1997 - -5.19%
1996 - -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/kazakhstan/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Romania ran a deficit in 23 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 4.01% of GDP for Romania.

Inflation comparison by year

Inflation
Kazakhstan

Romania
1x
Year Consumer prices inflation
Kazakhstan Romania
2024 8.7% 5.6%
2023 14.5% 10.4%
2022 15% 13.8%
2021 8% 5%
2020 6.8% 2.6%
2019 5.3% 3.8%
2018 6% 4.6%
2017 7.5% 1.3%
2016 14.6% -1.6%
2015 6.8% -0.6%
2014 6.6% 1.1%
2013 5.8% 4%
2012 5.1% 3.3%
2011 8.4% 5.8%
2010 7.1% 6.1%
2009 7.3% 5.6%
2008 17.2% 7.8%
2007 10.8% 4.8%
2006 8.6% 6.6%
2005 7.4% 9%
2004 7% 11.9%
2003 6.4% 15.4%
2002 6% 22.5%
2001 8.4% 34.5%
2000 13.2% 45.7%
1999 8.3% 45.8%
1998 7.1% 59.1%
1997 17.4% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 17.5% in Romania. In 2024, inflation was 8.7% in Kazakhstan and 5.6% in Romania.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $2.78B
Machinery & equipment $1.54M
Metals $1.21M
Wood & paper products $1.09M
Processed food, beverages & tobacco $883K
Precious metals & jewellery $242K
Chemicals & pharma $228K
Raw agricultural goods $194K
Textiles & consumer goods $133K
Animal & marine products $60K
Romania
Export category Export value
Machinery & equipment $77.2M
Chemicals & pharma $27.7M
Raw materials & minerals $17.6M
Metals $7.7M
Processed food, beverages & tobacco $7.22M
Textiles & consumer goods $2.99M
Raw agricultural goods $2.79M
Wood & paper products $183K
Miscellaneous $56K
Precious metals & jewellery $10K

Balance of trade

Kazakhstan Romania
Current account balance
-$7.94B
2024
-$31.2B
2024
Current account balance ranking
173/190
2024
185/190
2024
Current account balance, % of GDP
-2.72%
2024
-8.16%
2024
Goods imports
$61.8B
2024
$129B
2024
Goods exports
$79B
2024
$93.3B
2024
Service imports
$13B
2024
$30.2B
2024
Service exports
$11.8B
2024
$42.9B
2024
Imports of goods and services, % of GDP
25.6%
2024
41.6%
2024
Exports of goods and services, % of GDP
31.6%
2024
35.6%
2024

Economic freedom indices

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

Kazakhstan Romania
Economic freedom 64.2 65.4
Economic freedom ranking 75/197 64/197
Property rights 54.9 81
Government integrity 40.7 50
Judicial effectiveness 33.8 67
Tax burden 91.2 89.1
Government spending 85.6 56.7
Fiscal health 97.2 21.4
Business freedom 64.9 74.4
Labor freedom 63.5 63.6
Monetary freedom 64.3 72.7
Trade freedom 74.4 79.4
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Kazakhstan
Romania
1x
Year Economic freedom index
Kazakhstan Romania
2026 64.2 65.4
2025 63.8 66.5
2024 62 64.4
2023 62.1 64.5
2022 64.4 67.1
2021 71.1 69.5
2020 69.6 69.7
2019 65.4 68.6
2018 69.1 69.4
2017 69 69.7
2016 63.6 65.6
2015 63.3 66.6
2014 63.7 65.5
2013 63 65.1
2012 63.6 64.4
2011 62.1 64.7
2010 61 64.2
2009 60.1 63.2
2008 61.1 61.7
2007 59.6 61.2
2006 60.2 58.2
2005 53.9 52.1
2004 49.7 50
2003 52.3 50.6
2002 52.4 48.7
2001 51.8 50
2000 50.4 52.1
1999 47.3 50.1
1998 41.7 54.4
1997 - 50.8
1996 - 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Romania
Services, % of GDP
57.9%
2024
62.6%
2024
Industry, % of GDP
32.1%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
2.81%
2024
GNI, Atlas method
$249B
2024
$335B
2024
GNI per capita, PPP
$37,590
2024
$47,920
2024
Total reserves including gold
$45.8B
2024
$73.4B
2024
Total reserves ranking
43/177
2024
35/177
2024
Net foreign direct investment
-$3.9B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$1.98B
2024
$7.16B
2024
Net outflows of foreign direct investment
-$1.92B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
19%
2023
Gross capital formation, % of GDP
27.2%
2024
25%
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/romania | 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 (1985–2024, 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 (1962–1999, 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 (2023–2024, 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.