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Economy of Kazakhstan vs Taiwan compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $802B for Taiwan, ranking 48/197 and 22/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $211B (26.3% of GDP) in Taiwan.

Kazakhstan vs Taiwan GDP by year

Kazakhstan
Taiwan
1x
Year GDP, current $
Kazakhstan Taiwan
2024 $291,480,274,649 $801,529,000,000
2023 $261,840,101,060 $757,328,000,000
2022 $225,496,328,925 $765,529,000,000
2021 $197,112,255,361 $777,062,000,000
2020 $171,082,365,861 $676,935,000,000
2019 $181,667,184,855 $613,453,000,000
2018 $179,339,977,690 $610,744,000,000
2017 $166,805,788,827 $591,734,000,000
2016 $137,278,320,084 $543,002,000,000
2015 $184,388,404,706 $534,474,000,000
2014 $221,415,613,595 $535,332,000,000
2013 $236,634,603,409 $512,957,000,000
2012 $207,998,568,866 $495,536,000,000
2011 $192,626,464,617 $483,957,000,000
2010 $148,047,348,241 $444,245,000,000
2009 $115,308,686,941 $390,788,000,000
2008 $133,441,648,852 $415,824,000,000
2007 $104,849,915,058 $406,940,000,000
2006 $81,003,864,630 $386,492,000,000
2005 $57,123,671,734 $374,042,000,000
2004 $43,151,647,003 $346,881,000,000
2003 $30,833,692,900 $317,374,000,000
2002 $24,636,598,527 $307,429,000,000
2001 $22,152,689,180 $299,303,000,000
2000 $18,291,990,662 $330,725,000,000
1999 $16,870,817,182 $303,827,000,000
1998 $22,135,245,507 $279,926,000,000
1997 $22,165,932,063 $303,315,000,000
1996 $21,035,357,937 $292,473,000,000
1995 $20,374,302,652 $279,013,000,000
1994 $21,250,792,886 $256,213,000,000
1993 $23,409,260,880 $234,943,000,000
1992 $24,917,355,372 $222,947,000,000
1991 $24,923,076,923 $187,100,000,000
1990 $26,932,016,270 $166,392,000,000
1989 - $152,687,000,000
1988 - $126,378,000,000
1987 - $104,956,000,000
1986 - $78,347,000,000
1985 - $63,599,000,000
1984 - $61,036,000,000
1983 - $54,155,000,000
1982 - $49,540,000,000
1981 - $49,047,000,000
1980 - $42,292,000,000
1979 - $33,875,000,000
1978 - $27,373,000,000
1977 - $22,252,000,000
1976 - $18,988,000,000
1975 - $15,836,000,000
1974 - $14,739,000,000
1973 - $10,940,000,000
1972 - $8,063,000,000
1971 - $6,727,000,000
1970 - $5,785,000,000
1969 - $5,017,000,000
1968 - $4,325,000,000
1967 - $3,709,000,000
1966 - $3,207,000,000
1965 - $2,869,000,000
1964 - $2,592,000,000
1963 - $2,218,000,000
1962 - $1,960,000,000
1961 - $1,778,000,000
1960 - $1,743,000,000
1959 - $1,444,000,000
1958 - $1,836,000,000
1957 - $1,636,000,000
1956 - $1,399,000,000
1955 - $1,940,000,000
1954 - $1,628,000,000
1953 - $1,481,000,000
1952 - $1,677,000,000
1951 - $1,197,000,000

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Kazakhstan vs Taiwan by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Taiwan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Taiwan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $34,238 -
2023 $12,879 $38,515 $32,444 -
2022 $11,255 $35,895 $32,827 -
2021 $9,984 $32,946 $33,111 -
2020 $8,782 $29,040 $28,705 -
2019 $9,457 $28,689 $25,998 -
2018 $9,472 $25,096 $25,901 -
2017 $8,943 $23,973 $25,121 $50,500
2016 $7,476 $23,023 $23,091 -
2015 $10,196 $22,484 $22,780 $46,800
2014 $12,428 $23,958 $22,874 -
2013 $13,478 $23,754 $21,973 $39,600
2012 $12,019 $21,367 $21,295 $39,400
2011 $11,287 $20,160 $20,866 $38,200
2010 $8,793 $18,642 $19,197 $35,700
2009 $6,938 $17,389 $16,933 $32,000
2008 $8,124 $17,278 $18,081 $31,100
2007 $6,449 $16,581 $17,757 $30,100
2006 $5,030 $14,966 $16,934 $29,500
2005 $3,577 $13,226 $16,456 $27,500
2004 $2,722 $11,777 $15,317 $25,300
2003 $1,958 $10,532 $14,066 $23,400
2002 $1,574 $9,504 $13,686 $18,000
2001 $1,422 $8,568 $13,397 $17,200
2000 $1,180 $7,418 $14,908 $17,400
1999 $1,092 $6,626 $13,804 $16,100
1998 $1,415 $6,284 $12,820 -
1997 $1,382 $6,178 $14,020 -
1996 $1,281 $5,836 $13,641 -
1995 $1,218 $5,595 $13,119 -
1994 $1,247 $5,860 $12,150 -
1993 $1,355 $6,477 $11,242 -
1992 $1,438 $6,945 $10,768 -
1991 $1,442 $7,193 $9,125 -
1990 $1,570 $7,874 $8,205 -
1989 - - $7,613 -
1988 - - $6,370 -
1987 - - $5,350 -
1986 - - $4,036 -
1985 - - $3,314 -
1984 - - $3,224 -
1983 - - $2,903 -
1982 - - $2,699 -
1981 - - $2,720 -
1980 - - $2,389 -
1979 - - $1,950 -
1978 - - $1,606 -
1977 - - $1,330 -
1976 - - $1,158 -
1975 - - $985 -
1974 - - $934 -
1973 - - $706 -
1972 - - $530 -
1971 - - $451 -
1970 - - $397 -
1969 - - $357 -
1968 - - $319 -
1967 - - $280.8 -
1966 - - $249.1 -
1965 - - $229.3 -
1964 - - $213.6 -
1963 - - $188.6 -
1962 - - $172 -
1961 - - $161.2 -
1960 - - $163.4 -
1959 - - $140.4 -
1958 - - $185.1 -
1957 - - $170.5 -
1956 - - $150.6 -
1955 - - $216.3 -
1954 - - $188.3 -
1953 - - $177.7 -
1952 - - $208.4 -
1951 - - $154.3 -

Data sources: National Statistics, Taiwan (1951–2024, retrieved 2026-02-09); World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2017, retrieved 2026-02-20).

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $34,238 in Taiwan, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Taiwan ranks 44th at $50,500.

Economic indicators

Kazakhstan Taiwan
Gross domestic product
$291B
2024
$802B
2024
GDP rank
48/197
2024
22/197
2024
GDP growth
5%
2023-2024
2.3%
2023-2024
GDP per capita
$14,155
2024
$34,238
2024
GDP per capita rank
71/197
2024
35/197
2024
GDP per capita, PPP
$40,891
2024
$50,500
2017
GDP per capita PPP rank
58/197
2024
44/197
2017
Government debt
$71.1B
2024
$211B
2024
Debt-to-GDP ratio
24.4%
2024
26.3%
2024
Government debt per person
$3,450
2024
$9,020
2024
Government debt per person rank
95/185
2024
59/185
2024
Average annual personal income after taxes
$7,486
2026
$18,163
2026
Market capitalization of domestic companies
$62.8B
2024
n/a
Number of millionaires
44,307
2025
759,000
2025
Number of billionaires
6
2025
54
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
15.8%
2024
Consumer prices inflation
8.7%
2023-2024
2.2%
2023-2024
Central bank interest rate
18%
2025
2%
2024
Unemployment rate
4.86%
2022
3.35%
2025
Population
21161809
23229461

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Taiwan
Spending

Debt
1x
Year % of GDP
Kazakhstan Taiwan
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 15.8% 26.3%
2023 23.4% 23% 17.1% 29%
2022 21.7% 23.5% 16% 29.5%
2021 22.1% 25.1% 15.4% 30.1%
2020 24.5% 26.4% 16.2% 32%
2019 20.2% 19.9% 15.3% 32.6%
2018 18.8% 20.3% 15.4% 33.8%
2017 24.1% 19.9% 15.4% 34.5%
2016 21.5% 19.7% 15.6% 35.4%
2015 22.9% 21.9% 15.5% 35.9%
2014 21.3% 14.5% - 37.5%
2013 19.8% 12.6% - 38.9%
2012 21.9% 12.1% - 39.2%
2011 21.2% 10.2% 18.3% 38.3%
2010 22.5% 10.7% - 36.9%
2009 23.5% 10.2% - 36.7%
2008 27.1% 6.77% - 33.4%
2007 23.7% 4.09% - 32.2%
2006 19.8% 6.68% - 33.3%
2005 22% 8.1% - 34.1%
2004 21.3% 11.4% - 33.4%
2003 21.4% 15% - 32.1%
2002 20.5% 17.6% - 29.8%
2001 - - 22.5% 30.1%
2000 - - - 26.2%
1999 - - - 23.7%
1998 - - - 23.7%
1997 - - - 25%
1996 - - - -
1995 - - - -
1994 - - - -
1993 - - - -
1992 - - - -
1991 - - 25.4% -
1990 - - - -
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - 23.6% -
1980 - - - -
1979 - - - -
1978 - - - -
1977 - - - -
1976 - - 21.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Taiwan spent $127B, or 15.8% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 26.3% in Taiwan, ranking 167/185 and 160/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Taiwan
1x
Year Deficit/surplus, % of GDP
Kazakhstan Taiwan
2024 -1.6% 0.43%
2023 -1.52% -0.61%
2022 0.11% 0.17%
2021 -4.97% -0.18%
2020 -7.04% -1.03%
2019 -0.57% 0.11%
2018 2.58% 0.02%
2017 -4.27% -0.14%
2016 -4.5% -0.31%
2015 -6.26% 0.1%
2014 2.48% -
2013 4.95% -
2012 4.43% -
2011 5.81% -2.15%
2010 1.47% -
2009 -1.33% -
2008 1.23% -
2007 5.13% -
2006 7.65% -
2005 6.08% -
2004 3.29% -
2003 4% -
2002 1.92% -
2001 - -3.71%
2000 - -
1999 - -
1998 - -
1997 - -
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -4.5%
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -0.78%
1980 - -
1979 - -
1978 - -
1977 - -
1976 - 1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2002–2024, retrieved 2026-02-20); National Statistics, Taiwan (1976–2024, retrieved 2026-02-09).

GeoRank.org/economy/kazakhstan/taiwan | 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 Taiwan's surplus of $3.45B, or 0.43% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Taiwan ran a deficit in 6 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 0.33% of GDP for Taiwan.

Inflation comparison by year

Inflation
Kazakhstan

Taiwan
1x
Year Consumer prices inflation
Kazakhstan Taiwan
2024 8.7% 2.2%
2023 14.5% 2.5%
2022 15% 2.9%
2021 8% 2%
2020 6.8% -0.2%
2019 5.3% 0.6%
2018 6% 1.4%
2017 7.5% 0.6%
2016 14.6% 1.4%
2015 6.8% -0.3%
2014 6.6% 1.2%
2013 5.8% 0.8%
2012 5.1% 1.9%
2011 8.4% 1.4%
2010 7.1% 1%
2009 7.3% -0.9%
2008 17.2% 3.5%
2007 10.8% 1.8%
2006 8.6% 0.6%
2005 7.4% 2.3%
2004 7% 1.6%
2003 6.4% -0.3%
2002 6% -0.2%
2001 8.4% 0%
2000 13.2% 1.2%
1999 8.3% 0.2%
1998 7.1% 1.7%
1997 17.4% 0.9%

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

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

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 1.14% in Taiwan. In 2024, inflation was 8.7% in Kazakhstan and 2.2% in Taiwan.

Balance of trade

Kazakhstan Taiwan
Current account balance
-$7.94B
2024
$113B
2024
Current account balance ranking
173/190
2024
4/190
2024
Current account balance, % of GDP
-2.72%
2024
+14.1%
2024
Goods imports
$61.8B
2024
n/a
Goods exports
$79B
2024
n/a
Service imports
$13B
2024
n/a
Service exports
$11.8B
2024
n/a
Imports of goods and services, % of GDP
25.6%
2024
50.2%
2024
Exports of goods and services, % of GDP
31.6%
2024
63.3%
2024

Economic freedom indices

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

Kazakhstan Taiwan
Economic freedom 64.2 79.8
Economic freedom ranking 75/197 6/197
Property rights 54.9 83.4
Government integrity 40.7 74.3
Judicial effectiveness 33.8 94.3
Tax burden 91.2 78.9
Government spending 85.6 90
Fiscal health 97.2 92.9
Business freedom 64.9 78.6
Labor freedom 63.5 69
Monetary freedom 64.3 80.3
Trade freedom 74.4 86
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Kazakhstan
Taiwan
1x
Year Economic freedom index
Kazakhstan Taiwan
2026 64.2 79.8
2025 63.8 79.7
2024 62 80
2023 62.1 80.7
2022 64.4 80.1
2021 71.1 78.6
2020 69.6 77.1
2019 65.4 77.3
2018 69.1 76.6
2017 69 76.5
2016 63.6 74.7
2015 63.3 75.1
2014 63.7 73.9
2013 63 72.7
2012 63.6 71.9
2011 62.1 70.8
2010 61 70.4
2009 60.1 69.5
2008 61.1 70.3
2007 59.6 69.4
2006 60.2 69.7
2005 53.9 71.3
2004 49.7 69.6
2003 52.3 71.7
2002 52.4 71.3
2001 51.8 72.8
2000 50.4 72.5
1999 47.3 71.5
1998 41.7 70.4
1997 - 70
1996 - 74.1
1995 - 74.2

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 79.8 for Taiwan, ranking 6/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Taiwan
Services, % of GDP
57.9%
2024
58.8%
2024
Industry, % of GDP
32.1%
2024
39.8%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
1.47%
2024
GNI, Atlas method
$249B
2024
$832B
2024
GNI per capita, PPP
$37,590
2024
n/a
Total reserves including gold
$45.8B
2024
n/a
Total reserves ranking
43/177
2024
n/a
Net foreign direct investment
-$3.9B
2024
n/a
Net inflows of foreign direct investment
$1.98B
2024
n/a
Net outflows of foreign direct investment
-$1.92B
2024
n/a
Servicing debt to the IMF, % of GNI
17.3%
2024
n/a
Poverty at national poverty lines
5%
2024
1.5%
2020
Gross capital formation, % of GDP
27.2%
2024
26.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); National Statistics, Taiwan (1985–2024, retrieved 2026-02-09); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. National Statistics, Taiwan (1951–2025, retrieved 2026-02-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, 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. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  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.