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Economy of Kazakhstan vs Singapore compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $547B for Singapore, ranking 48/197 and 28/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $950B (173.5% of GDP) in Singapore.

Kazakhstan vs Singapore GDP by year

Kazakhstan
Singapore
1x
Year GDP, current $
Kazakhstan Singapore
2024 $291,480,274,649 $547,386,645,892
2023 $261,840,101,060 $505,439,514,078
2022 $225,496,328,925 $509,017,841,147
2021 $197,112,255,361 $436,591,382,250
2020 $171,082,365,861 $349,165,858,545
2019 $181,667,184,855 $376,161,998,830
2018 $179,339,977,690 $377,123,710,561
2017 $166,805,788,827 $343,673,334,902
2016 $137,278,320,084 $319,646,468,521
2015 $184,388,404,706 $307,998,545,269
2014 $221,415,613,595 $314,863,580,758
2013 $236,634,603,409 $307,576,360,585
2012 $207,998,568,866 $295,092,888,077
2011 $192,626,464,617 $279,356,499,090
2010 $148,047,348,241 $239,807,980,591
2009 $115,308,686,941 $194,150,283,772
2008 $133,441,648,852 $193,617,323,539
2007 $104,849,915,058 $180,941,701,358
2006 $81,003,864,630 $148,627,286,361
2005 $57,123,671,734 $127,807,848,728
2004 $43,151,647,003 $115,033,593,101
2003 $30,833,692,900 $97,646,401,096
2002 $24,636,598,527 $92,538,372,870
2001 $22,152,689,180 $89,793,790,670
2000 $18,291,990,662 $96,076,539,926
1999 $16,870,817,182 $86,286,849,755
1998 $22,135,245,507 $85,728,207,782
1997 $22,165,932,063 $100,123,787,215
1996 $21,035,357,937 $96,293,086,513
1995 $20,374,302,652 $87,812,540,788
1994 $21,250,792,886 $73,688,724,431
1993 $23,409,260,880 $60,603,815,716
1992 $24,917,355,372 $52,131,320,033
1991 $24,923,076,923 $45,466,164,978
1990 $26,932,016,270 $36,144,336,769
1989 - $30,465,364,739
1988 - $25,371,462,488
1987 - $20,919,215,578
1986 - $18,586,746,057
1985 - $19,156,532,746
1984 - $19,749,361,098
1983 - $17,784,112,150
1982 - $16,084,252,378
1981 - $14,175,228,844
1980 - $11,896,256,783
1979 - $9,296,921,724
1978 - $7,517,176,355
1977 - $6,618,585,074
1976 - $6,327,077,974
1975 - $5,633,673,930
1974 - $5,221,534,956
1973 - $3,696,213,333
1972 - $2,721,440,981
1971 - $2,263,785,444
1970 - $1,920,574,150
1969 - $1,659,893,768
1968 - $1,425,706,091
1967 - $1,238,035,816
1966 - $1,096,425,608
1965 - $974,644,096
1964 - $894,153,311
1963 - $917,608,012
1962 - $826,239,212
1961 - $764,629,788
1960 - $704,751,700

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

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

GDP per capita in Kazakhstan vs Singapore by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $90,674 $150,689
2023 $12,879 $38,515 $85,412 $143,786
2022 $11,255 $35,895 $90,299 $143,095
2021 $9,984 $32,946 $80,056 $132,617
2020 $8,782 $29,040 $61,410 $101,518
2019 $9,457 $28,689 $65,952 $105,335
2018 $9,472 $25,096 $66,882 $103,963
2017 $8,943 $23,973 $61,236 $95,744
2016 $7,476 $23,023 $57,006 $89,902
2015 $10,196 $22,484 $55,646 $87,156
2014 $12,428 $23,958 $57,565 $84,555
2013 $13,478 $23,754 $56,967 $83,088
2012 $12,019 $21,367 $55,548 $82,108
2011 $11,287 $20,160 $53,891 $80,052
2010 $8,793 $18,642 $47,237 $75,401
2009 $6,938 $17,389 $38,927 $66,213
2008 $8,124 $17,278 $40,009 $67,735
2007 $6,449 $16,581 $39,433 $68,805
2006 $5,030 $14,966 $33,768 $64,061
2005 $3,577 $13,226 $29,961 $58,822
2004 $2,722 $11,777 $27,608 $54,384
2003 $1,958 $10,532 $23,730 $48,778
2002 $1,574 $9,504 $22,160 $45,083
2001 $1,422 $8,568 $21,700 $43,109
2000 $1,180 $7,418 $23,853 $43,781
1999 $1,092 $6,626 $21,797 $39,949
1998 $1,415 $6,284 $21,829 $37,560
1997 $1,382 $6,178 $26,376 $39,286
1996 $1,281 $5,836 $26,233 $36,873
1995 $1,218 $5,595 $24,915 $35,090
1994 $1,247 $5,860 $21,552 $33,058
1993 $1,355 $6,477 $18,290 $30,062
1992 $1,438 $6,945 $16,136 $27,022
1991 $1,442 $7,193 $14,502 $25,530
1990 $1,570 $7,874 $11,862 $23,815
1989 - - $10,395 -
1988 - - $8,914 -
1987 - - $7,539 -
1986 - - $6,800 -
1985 - - $7,002 -
1984 - - $7,228 -
1983 - - $6,633 -
1982 - - $6,078 -
1981 - - $5,597 -
1980 - - $4,928 -
1979 - - $3,901 -
1978 - - $3,194 -
1977 - - $2,846 -
1976 - - $2,759 -
1975 - - $2,490 -
1974 - - $2,342 -
1973 - - $1,685 -
1972 - - $1,264 -
1971 - - $1,071 -
1970 - - $926 -
1969 - - $813 -
1968 - - $709 -
1967 - - $626 -
1966 - - $567 -
1965 - - $517 -
1964 - - $486 -
1963 - - $511 -
1962 - - $472 -
1961 - - $449 -
1960 - - $428 -

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

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $90,674 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Singapore ranks 2nd at $150,689.

Economic indicators

Kazakhstan Singapore
Gross domestic product
$291B
2024
$547B
2024
GDP rank
48/197
2024
28/197
2024
GDP growth
5%
2023-2024
4.39%
2023-2024
GDP per capita
$14,155
2024
$90,674
2024
GDP per capita rank
71/197
2024
7/197
2024
GDP per capita, PPP
$40,891
2024
$150,689
2024
GDP per capita PPP rank
58/197
2024
2/197
2024
Government debt
$71.1B
2024
$950B
2024
Debt-to-GDP ratio
24.4%
2024
173.5%
2024
Government debt per person
$3,450
2024
$157,326
2024
Government debt per person rank
95/185
2024
1/185
2024
Average annual personal income after taxes
$7,486
2026
$52,793
2026
Market capitalization of domestic companies
$62.8B
2024
$638B
2024
Number of millionaires
44,307
2025
331,000
2025
Number of billionaires
6
2025
49
2025
Income share by richest 10%
24.8%
2021
n/a
Income share by poorest 10%
4.3%
2021
n/a
Government expenditure, % of GDP
20.7%
2024
14.6%
2024
Consumer prices inflation
8.7%
2023-2024
2.39%
2023-2024
Central bank interest rate
18%
2025
n/a
Unemployment rate
4.86%
2022
2.74%
2024
Population
21161809
6125852

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Kazakhstan Singapore
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 14.6% 173.5%
2023 23.4% 23% 14.8% 172.8%
2022 21.7% 23.5% 15% 154.3%
2021 22.1% 25.1% 15.6% 141.7%
2020 24.5% 26.4% 24.1% 148.2%
2019 20.2% 19.9% 14% 127.9%
2018 18.8% 20.3% 13.9% 109.4%
2017 24.1% 19.9% 13.6% 107.6%
2016 21.5% 19.7% 15.3% 106.3%
2015 22.9% 21.9% 14.4% 102.2%
2014 21.3% 14.5% 12.6% 97.7%
2013 19.8% 12.6% 10.9% 98.2%
2012 21.9% 12.1% 9.83% 106.7%
2011 21.2% 10.2% 9.66% 103.1%
2010 22.5% 10.7% 10.2% 98.7%
2009 23.5% 10.2% 15.9% 101.7%
2008 27.1% 6.77% 14% 97.9%
2007 23.7% 4.09% 9.01% 87.8%
2006 19.8% 6.68% 12.3% 86.5%
2005 22% 8.1% 12.4% 92.7%
2004 21.3% 11.4% 14.1% 95.7%
2003 21.4% 15% 15.6% 99.1%
2002 20.5% 17.6% 15.9% 96.3%
2001 - - 18.2% 94.5%
2000 - - 16.1% 82.3%
1999 - - 15.9% 85.3%
1998 - - 18.1% 84.6%
1997 - - 14.5% 70.8%
1996 - - 18.1% 71.3%
1995 - - 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Singapore spent $79.7B, or 14.6% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 173.5% in Singapore, ranking 167/185 and 4/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Singapore
1x
Year Deficit/surplus, % of GDP
Kazakhstan Singapore
2024 -1.6% 4.44%
2023 -1.52% 3.47%
2022 0.11% 1.21%
2021 -4.97% 1.13%
2020 -7.04% -6.73%
2019 -0.57% 3.77%
2018 2.58% 3.68%
2017 -4.27% 5.24%
2016 -4.5% 3.25%
2015 -6.26% 2.86%
2014 2.48% 4.6%
2013 4.95% 5.96%
2012 4.43% 7.34%
2011 5.81% 7.96%
2010 1.47% 5.68%
2009 -1.33% -0.09%
2008 1.23% 3.59%
2007 5.13% 7.12%
2006 7.65% 2.16%
2005 6.08% 2.56%
2004 3.29% 2.06%
2003 4% 0.68%
2002 1.92% 2.23%
2001 - 1.2%
2000 - 4.59%
1999 - 5.2%
1998 - 2.41%
1997 - 5.66%
1996 - 1.98%
1995 - 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/kazakhstan/singapore | 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 Singapore's surplus of $24.3B, or 4.44% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Singapore ran a deficit in 2 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to surplus of 3.22% of GDP for Singapore.

Inflation comparison by year

Inflation
Kazakhstan

Singapore
1x
Year Consumer prices inflation
Kazakhstan Singapore
2024 8.7% 2.39%
2023 14.5% 4.83%
2022 15% 6.13%
2021 8% 2.32%
2020 6.8% -0.17%
2019 5.3% 0.57%
2018 6% 0.44%
2017 7.5% 0.58%
2016 14.6% -0.53%
2015 6.8% -0.52%
2014 6.6% 1.03%
2013 5.8% 2.36%
2012 5.1% 4.58%
2011 8.4% 5.25%
2010 7.1% 2.83%
2009 7.3% 0.59%
2008 17.2% 6.64%
2007 10.8% 2.11%
2006 8.6% 0.97%
2005 7.4% 0.43%
2004 7% 1.66%
2003 6.4% 0.51%
2002 6% -0.39%
2001 8.4% 1%
2000 13.2% 1.36%
1999 8.3% 0.02%
1998 7.1% -0.27%
1997 17.4% 2%

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/singapore | CC BY

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 1.74% in Singapore. In 2024, inflation was 8.7% in Kazakhstan and 2.39% in Singapore.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $819M
Metals $33.3M
Precious metals & jewellery $1.55M
Wood & paper products $824K
Machinery & equipment $629K
Textiles & consumer goods $94K
Processed food, beverages & tobacco $27K
Raw agricultural goods $10K
Animal & marine products $2K
Chemicals & pharma $1K
Singapore
Export category Export value
Machinery & equipment $23.7M
Chemicals & pharma $3.64M
Raw materials & minerals $2.68M
Metals $798K
Precious metals & jewellery $754K
Processed food, beverages & tobacco $374K
Textiles & consumer goods $227K
Wood & paper products $110K
Raw agricultural goods $26K
Miscellaneous $20K

Balance of trade

Kazakhstan Singapore
Current account balance
-$7.94B
2024
$96B
2024
Current account balance ranking
173/190
2024
8/190
2024
Current account balance, % of GDP
-2.72%
2024
+17.5%
2024
Goods imports
$61.8B
2024
$435B
2024
Goods exports
$79B
2024
$583B
2024
Service imports
$13B
2024
$351B
2024
Service exports
$11.8B
2024
$396B
2024
Imports of goods and services, % of GDP
25.6%
2024
143.6%
2024
Exports of goods and services, % of GDP
31.6%
2024
178.8%
2024

Economic freedom indices

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

Kazakhstan Singapore
Economic freedom 64.2 84.4
Economic freedom ranking 75/197 1/197
Property rights 54.9 89.2
Government integrity 40.7 86.1
Judicial effectiveness 33.8 58.3
Tax burden 91.2 89.5
Government spending 85.6 93.4
Fiscal health 97.2 80
Business freedom 64.9 90.6
Labor freedom 63.5 77
Monetary freedom 64.3 83.5
Trade freedom 74.4 95
Investment freedom 50 90
Financial freedom 50 80

Economic freedom comparison by year

Kazakhstan
Singapore
1x
Year Economic freedom index
Kazakhstan Singapore
2026 64.2 84.4
2025 63.8 84.1
2024 62 83.5
2023 62.1 83.9
2022 64.4 84.4
2021 71.1 89.7
2020 69.6 89.4
2019 65.4 89.4
2018 69.1 88.8
2017 69 88.6
2016 63.6 87.8
2015 63.3 89.4
2014 63.7 89.4
2013 63 88
2012 63.6 87.5
2011 62.1 87.2
2010 61 86.1
2009 60.1 87.1
2008 61.1 87.3
2007 59.6 87.1
2006 60.2 88
2005 53.9 88.6
2004 49.7 88.9
2003 52.3 88.2
2002 52.4 87.4
2001 51.8 87.8
2000 50.4 87.7
1999 47.3 86.9
1998 41.7 87
1997 - 87.3
1996 - 86.5
1995 - 86.3

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Singapore
Services, % of GDP
57.9%
2024
73%
2024
Industry, % of GDP
32.1%
2024
21.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
0.03%
2024
GNI, Atlas method
$249B
2024
$451B
2024
GNI per capita, PPP
$37,590
2024
$126,190
2024
Total reserves including gold
$45.8B
2024
$384B
2024
Total reserves ranking
43/177
2024
9/177
2024
Net foreign direct investment
-$3.9B
2024
-$96.7B
2024
Net inflows of foreign direct investment
$1.98B
2024
$152B
2024
Net outflows of foreign direct investment
-$1.92B
2024
$55.3B
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
n/a
Gross capital formation, % of GDP
27.2%
2024
22.2%
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/singapore | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.