Domestic Policy Economy

Economic Quick Facts

ECONOMIC QUICK FACTS ABOUT KAZAKHSTAN

  • Kazakhstan’s real gross domestic product (GDP) growth is projected at 4.0% for 2019, before easing to 3.7% in 2020, according to the World Bank’s latest Kazakhstan Economic Update.
  • Kazakhstan’s proven reserves are estimated at 30 billion barrels, 1.8 percent of global reserves, placing the country in 12th place globally
  • Unemployment: 4.9% (youth - 3.8%)
  • Inflation: 1.8% (Aug 2015), 7.4% (2017)
  • Foreign trade turnover grew 2.7 percent in the first quarter of 2020 reaching $21 billion
  • Exports increased by 30% to $48.3 billion (2017) / Imports increased by 15.5 to $29.3 billion (2017)

KZUS trade

  • Major trade partners: EU (49.8%), Russia (19%), China (13.5%), US (2.6%)
  • Major exports: energy (78%), mining (8%) and agriculture (3%)
  • Foreign Direct Investments: over $203 billion (since 1993)
  • Government debt: 12% of GDP or $27 billion (42% external)
  • Budget spending: $25.4 billion (3% deficit)
  • Market capitalization of Kazakhstan Stock Exchange: $44 billion
  • Member of Eurasian Economic Union (Russia, Kazakhstan, Belorussia, Armenia and Kyrgyzstan)
  • Member of WTO since 2015
  • Ranked 59th in World Economic Forum’s Global Competitiveness Index (2018)
  • Ranked 28th in World Bank’s Ease of Doing Business (2019)