Skip to content

Economy of Kazakhstan vs Thailand compared: GDP & Debt

Updated on by Georank team

Kazakhstan has a GDP of $291B compared to $527B for Thailand, ranking 48/197 and 31/197 by economy size, respectively.

Kazakhstan has $71.1B in government debt (24.4% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Kazakhstan vs Thailand GDP by year

Kazakhstan
Thailand
1x
Year GDP, current $
Kazakhstan Thailand
2024 $291,480,274,649 $526,517,658,842
2023 $261,840,101,060 $515,906,283,941
2022 $225,496,328,925 $495,644,697,588
2021 $197,112,255,361 $506,194,668,790
2020 $171,082,365,861 $500,461,898,480
2019 $181,667,184,855 $543,976,691,794
2018 $179,339,977,690 $506,754,208,404
2017 $166,805,788,827 $456,356,813,537
2016 $137,278,320,084 $413,366,349,748
2015 $184,388,404,706 $401,296,238,228
2014 $221,415,613,595 $407,339,040,198
2013 $236,634,603,409 $420,333,654,593
2012 $207,998,568,866 $397,558,325,279
2011 $192,626,464,617 $370,818,739,624
2010 $148,047,348,241 $341,104,766,329
2009 $115,308,686,941 $281,710,630,187
2008 $133,441,648,852 $291,382,982,431
2007 $104,849,915,058 $262,942,621,455
2006 $81,003,864,630 $221,758,296,022
2005 $57,123,671,734 $189,318,408,469
2004 $43,151,647,003 $172,895,685,155
2003 $30,833,692,900 $152,280,615,246
2002 $24,636,598,527 $134,300,904,400
2001 $22,152,689,180 $120,296,476,180
2000 $18,291,990,662 $126,392,224,254
1999 $16,870,817,182 $126,669,211,779
1998 $22,135,245,507 $113,675,596,788
1997 $22,165,932,063 $150,180,456,566
1996 $21,035,357,937 $183,035,237,429
1995 $20,374,302,652 $169,278,916,593
1994 $21,250,792,886 $146,683,778,959
1993 $23,409,260,880 $128,889,262,951
1992 $24,917,355,372 $111,452,746,518
1991 $24,923,076,923 $98,234,714,971
1990 $26,932,016,270 $85,343,190,719
1989 - $72,250,748,100
1988 - $61,667,253,471
1987 - $50,535,446,555
1986 - $43,096,773,981
1985 - $38,900,711,333
1984 - $41,797,647,776
1983 - $40,042,798,388
1982 - $36,589,772,404
1981 - $34,846,039,194
1980 - $32,353,514,989
1979 - $27,371,650,825
1978 - $24,006,566,637
1977 - $19,779,312,261
1976 - $16,985,208,648
1975 - $14,882,770,594
1974 - $13,702,998,512
1973 - $10,838,587,358
1972 - $8,177,873,151
1971 - $7,375,000,024
1970 - $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

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

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

GDP per capita in Kazakhstan vs Thailand by year

Kazakhstan
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kazakhstan Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $14,155 $40,891 $7,347 $24,712
2023 $12,879 $38,515 $7,195 $23,519
2022 $11,255 $35,895 $6,909 $22,243
2021 $9,984 $32,946 $7,057 $20,243
2020 $8,782 $29,040 $6,986 $19,164
2019 $9,457 $28,689 $7,606 $19,963
2018 $9,472 $25,096 $7,100 $18,876
2017 $8,943 $23,973 $6,413 $17,573
2016 $7,476 $23,023 $5,834 $16,671
2015 $10,196 $22,484 $5,689 $15,791
2014 $12,428 $23,958 $5,801 $15,365
2013 $13,478 $23,754 $6,018 $15,216
2012 $12,019 $21,367 $5,726 $14,617
2011 $11,287 $20,160 $5,374 $13,227
2010 $8,793 $18,642 $4,974 $12,932
2009 $6,938 $17,389 $4,135 $11,964
2008 $8,124 $17,278 $4,309 $12,062
2007 $6,449 $16,581 $3,919 $11,723
2006 $5,030 $14,966 $3,331 $10,912
2005 $3,577 $13,226 $2,868 $10,169
2004 $2,722 $11,777 $2,642 $9,545
2003 $1,958 $10,532 $2,348 $8,824
2002 $1,574 $9,504 $2,090 $8,148
2001 $1,422 $8,568 $1,890 $7,632
2000 $1,180 $7,418 $2,006 $7,289
1999 $1,092 $6,626 $2,033 $6,901
1998 $1,415 $6,284 $1,848 $6,590
1997 $1,382 $6,178 $2,473 $7,148
1996 $1,281 $5,836 $3,055 $7,322
1995 $1,218 $5,595 $2,864 $6,901
1994 $1,247 $5,860 $2,518 $6,341
1993 $1,355 $6,477 $2,245 $5,834
1992 $1,438 $6,945 $1,972 $5,347
1991 $1,442 $7,193 $1,766 $4,914
1990 $1,570 $7,874 $1,559 $4,451
1989 - - $1,342 -
1988 - - $1,164 -
1987 - - $970 -
1986 - - $842 -
1985 - - $774 -
1984 - - $847 -
1983 - - $827 -
1982 - - $770 -
1981 - - $748 -
1980 - - $709 -
1979 - - $612 -
1978 - - $548 -
1977 - - $462 -
1976 - - $405 -
1975 - - $364 -
1974 - - $343 -
1973 - - $278.3 -
1972 - - $215.6 -
1971 - - $199.7 -
1970 - - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

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

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

Kazakhstan's GDP per capita is $14,155, ranking 71/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Kazakhstan ranks 58th at $40,891, while Thailand ranks 85th at $24,712.

Economic indicators

Kazakhstan Thailand
Gross domestic product
$291B
2024
$527B
2024
GDP rank
48/197
2024
31/197
2024
GDP growth
5%
2023-2024
2.54%
2023-2024
GDP per capita
$14,155
2024
$7,347
2024
GDP per capita rank
71/197
2024
100/197
2024
GDP per capita, PPP
$40,891
2024
$24,712
2024
GDP per capita PPP rank
58/197
2024
85/197
2024
Government debt
$71.1B
2024
$333B
2024
Debt-to-GDP ratio
24.4%
2024
63.2%
2024
Government debt per person
$3,450
2024
$4,643
2024
Government debt per person rank
95/185
2024
84/185
2024
Average annual personal income after taxes
$7,486
2026
$6,733
2026
Market capitalization of domestic companies
$62.8B
2024
$520B
2024
Number of millionaires
44,307
2025
100,001
2025
Number of billionaires
6
2025
25
2025
Income share by richest 10%
24.8%
2021
26.1%
2023
Income share by poorest 10%
4.3%
2021
3.4%
2023
Government expenditure, % of GDP
20.7%
2024
22.7%
2024
Consumer prices inflation
8.7%
2023-2024
1.37%
2023-2024
Central bank interest rate
18%
2025
1.5%
2025
Unemployment rate
4.86%
2022
0.78%
2024
Population
21161809
71571743

Spending and national debt comparison by year

Kazakhstan
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Kazakhstan Thailand
Government spending Government debt Government spending Government debt
2024 20.7% 24.4% 22.7% 63.2%
2023 23.4% 23% 22.8% 62.3%
2022 21.7% 23.5% 24.7% 60.5%
2021 22.1% 25.1% 26.8% 58.3%
2020 24.5% 26.4% 24.9% 49.4%
2019 20.2% 19.9% 20.6% 41.1%
2018 18.8% 20.3% 21.2% 41.9%
2017 24.1% 19.9% 21.5% 41.8%
2016 21.5% 19.7% 21.4% 41.7%
2015 22.9% 21.9% 22.3% 42.6%
2014 21.3% 14.5% 22.2% 43.3%
2013 19.8% 12.6% 21.6% 42.2%
2012 21.9% 12.1% 22.3% 41.9%
2011 21.2% 10.2% 21.1% 39.1%
2010 22.5% 10.7% 22% 39.8%
2009 23.5% 10.2% 21.7% 42.4%
2008 27.1% 6.77% 19.2% 34.9%
2007 23.7% 4.09% 20% 36%
2006 19.8% 6.68% 18.7% 39.2%
2005 22% 8.1% 19.6% 45.5%
2004 21.3% 11.4% 19.3% 46.3%
2003 21.4% 15% 18.3% 47.5%
2002 20.5% 17.6% 25.7% 54.9%
2001 - - 20.8% 57.5%
2000 - - 19.3% 57.8%
1999 - - 26.5% 56.6%
1998 - - 23.9% 49.9%
1997 - - 21.6% 40.5%
1996 - - 18% 15.2%
1995 - - 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Kazakhstan's government spending was $60.3B, accounting for 20.7% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 24.4% in Kazakhstan and 63.2% in Thailand, ranking 167/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Kazakhstan

Thailand
1x
Year Deficit/surplus, % of GDP
Kazakhstan Thailand
2024 -1.6% -1.29%
2023 -1.52% -1.98%
2022 0.11% -4.61%
2021 -4.97% -6.74%
2020 -7.04% -4.47%
2019 -0.57% 0.43%
2018 2.58% 0.2%
2017 -4.27% -0.42%
2016 -4.5% 0.41%
2015 -6.26% 0.19%
2014 2.48% -0.7%
2013 4.95% 0.6%
2012 4.43% -0.86%
2011 5.81% 0.09%
2010 1.47% -1.07%
2009 -1.33% -2.21%
2008 1.23% 0.8%
2007 5.13% 0.22%
2006 7.65% 1.87%
2005 6.08% 2.17%
2004 3.29% 1.11%
2003 4% 1.98%
2002 1.92% -6.72%
2001 - -1.77%
2000 - -1.79%
1999 - -9.02%
1998 - -6.29%
1997 - -1.68%
1996 - 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/kazakhstan/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 23 years, Kazakhstan recorded a fiscal deficit in 9 of those years, while Thailand ran a deficit in 11 years. On average, Kazakhstan posted an annual surplus equal to 0.83% of GDP, compared to deficit of 0.91% of GDP for Thailand.

Inflation comparison by year

Inflation
Kazakhstan

Thailand
1x
Year Consumer prices inflation
Kazakhstan Thailand
2024 8.7% 1.37%
2023 14.5% 8.48%
2022 15% -1.61%
2021 8% 1.23%
2020 6.8% -0.85%
2019 5.3% 0.71%
2018 6% 1.06%
2017 7.5% 0.67%
2016 14.6% 0.19%
2015 6.8% -0.9%
2014 6.6% 1.9%
2013 5.8% 2.18%
2012 5.1% 3.01%
2011 8.4% 3.81%
2010 7.1% 3.25%
2009 7.3% -0.85%
2008 17.2% 5.47%
2007 10.8% 2.24%
2006 8.6% 4.64%
2005 7.4% 4.54%
2004 7% 2.76%
2003 6.4% 1.8%
2002 6% 0.7%
2001 8.4% 1.63%
2000 13.2% 1.59%
1999 8.3% 0.28%
1998 7.1% 7.99%
1997 17.4% 5.63%

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/thailand | CC BY

Over the past 28 years, Kazakhstan has recorded an average annual inflation rate of 8.98%, compared with 2.25% in Thailand. In 2024, inflation was 8.7% in Kazakhstan and 1.37% in Thailand.

Top exports between countries

Kazakhstan
Export category Export value
Raw materials & minerals $52.9M
Metals $4.99M
Machinery & equipment $821K
Chemicals & pharma $279K
Textiles & consumer goods $15K
Processed food, beverages & tobacco $12K
Precious metals & jewellery $11K
Wood & paper products $10K
Miscellaneous $1K
Thailand
Export category Export value
Machinery & equipment $65.4M
Raw materials & minerals $12.1M
Textiles & consumer goods $8.22M
Precious metals & jewellery $5.67M
Chemicals & pharma $3.81M
Processed food, beverages & tobacco $3.32M
Raw agricultural goods $1.55M
Metals $513K
Animal & marine products $166K
Wood & paper products $124K

Balance of trade

Kazakhstan Thailand
Current account balance
-$7.94B
2024
$11.6B
2024
Current account balance ranking
173/190
2024
23/190
2024
Current account balance, % of GDP
-2.72%
2024
+2.21%
2024
Goods imports
$61.8B
2024
$276B
2024
Goods exports
$79B
2024
$297B
2024
Service imports
$13B
2024
$74B
2024
Service exports
$11.8B
2024
$71.9B
2024
Imports of goods and services, % of GDP
25.6%
2024
66.7%
2024
Exports of goods and services, % of GDP
31.6%
2024
70%
2024

Economic freedom indices

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

Kazakhstan Thailand
Economic freedom 64.2 62.2
Economic freedom ranking 75/197 88/197
Property rights 54.9 41.8
Government integrity 40.7 38.9
Judicial effectiveness 33.8 35
Tax burden 91.2 80.8
Government spending 85.6 83.6
Fiscal health 97.2 81
Business freedom 64.9 69.9
Labor freedom 63.5 56.4
Monetary freedom 64.3 73.3
Trade freedom 74.4 70.2
Investment freedom 50 55
Financial freedom 50 60

Economic freedom comparison by year

Kazakhstan
Thailand
1x
Year Economic freedom index
Kazakhstan Thailand
2026 64.2 62.2
2025 63.8 60.6
2024 62 59
2023 62.1 60.6
2022 64.4 63.2
2021 71.1 69.7
2020 69.6 69.4
2019 65.4 68.3
2018 69.1 67.1
2017 69 66.2
2016 63.6 63.9
2015 63.3 62.4
2014 63.7 63.3
2013 63 64.1
2012 63.6 64.9
2011 62.1 64.7
2010 61 64.1
2009 60.1 63
2008 61.1 62.3
2007 59.6 63.5
2006 60.2 63.3
2005 53.9 62.5
2004 49.7 63.7
2003 52.3 65.8
2002 52.4 69.1
2001 51.8 68.9
2000 50.4 66.6
1999 47.3 66.9
1998 41.7 67.3
1997 - 66.1
1996 - 71
1995 - 71.3

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

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

The Economic Freedom Index for Kazakhstan is 64.2, ranking 75/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kazakhstan Thailand
Services, % of GDP
57.9%
2024
59.2%
2024
Industry, % of GDP
32.1%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2024
8.71%
2024
GNI, Atlas method
$249B
2024
$509B
2024
GNI per capita, PPP
$37,590
2024
$23,960
2024
Total reserves including gold
$45.8B
2024
$237B
2024
Total reserves ranking
43/177
2024
15/177
2024
Net foreign direct investment
-$3.9B
2024
-$6.95B
2024
Net inflows of foreign direct investment
$1.98B
2024
$14.3B
2024
Net outflows of foreign direct investment
-$1.92B
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
17.3%
2024
3.52%
2024
Poverty at national poverty lines
5%
2024
5.4%
2022
Gross capital formation, % of GDP
27.2%
2024
21.6%
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/thailand | 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 (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, 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 (2022–2024, 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.