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)
- 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)
