Kazakhstan - Economy
How is the economy of Kazakhstan? Based on the information we have, Kazakhstan has a oil and gas giant, with growing international investment; domestic economy hit hard by COVID-19 disruptions; reforming civil society and improving business confidence; legacy state controls and Russian influence inhibit growth and autonomy. Key agricultural products in this country include: wheat, milk, barley, potatoes, watermelons, cantaloupes/melons, sunflower seeds, maize, onions, tomatoes (2023).
More about the economy of Kazakhstan
Labor force 10.285 million (2024 est.)
Industrial production growth rate 6.6% (2024 est.)
Industries oil, coal, iron ore, manganese, chromite, lead, zinc, copper, titanium, bauxite, gold, silver, phosphates, sulfur, uranium, iron and steel; tractors and other agricultural machinery, electric motors, construction materials
Population below poverty line 5.2% (2023 est.)
Taxes and other revenues 11.9% (of GDP) (2023 est.)
Fiscal year
Exchange rates
Currency tenge (KZT) per US dollar -
Exchange rates 2024 468.962 (2024 est.)
Exchange rates 2023 456.165 (2023 est.)
Exchange rates 2022 460.165 (2022 est.)
Exchange rates 2021 425.908 (2021 est.)
Exchange rates 2020 412.953 (2020 est.)
Debt - external
Debt - external 2023 $25.765 billion (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $45.808 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $35.965 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $35.076 billion (2022 est.)
Current account balance
Current account balance 2024 -$3.702 billion (2024 est.)
Current account balance 2023 -$9.448 billion (2023 est.)
Current account balance 2022 $6.436 billion (2022 est.)
Public debt
Public debt 2023 20.9% of GDP (2023 est.)
Budget
Revenues $39.879 billion (2022 est.)
Expenditures $36.451 billion (2022 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 0.1% of GDP (2024 est.)
Remittances 2023 0.1% of GDP (2023 est.)
Remittances 2022 0.2% of GDP (2022 est.)
Household income
Lowest 10% 4.3% (2021 est.)
Highest 10% 24.8% (2021 est.)
Average household expenditures
On food 50.4% of household expenditures (2023 est.)
On alcohol and tobacco 2.2% of household expenditures (2023 est.)
Imports
Imports 2024 $74.246 billion (2024 est.)
Imports 2023 $72.723 billion (2023 est.)
Imports 2022 $60.439 billion (2022 est.)
Imports (partners) China 28%, Russia 24%, Gambia, The 4%, Turkey 4%, USA 4% (2023)
Comodities Imports force garments, cars, broadcasting equipment, vehicle bodies, packaged medicine (2023)
Exports
Imports 2024 $74.246 billion (2024 est.)
Imports 2023 $72.723 billion (2023 est.)
Imports 2022 $60.439 billion (2022 est.)
Exports (partners) China 16%, UK 15%, Russia 10%, Turkey 6%, Italy 5% (2023)
Comodities Exports force crude petroleum, gold, radioactive chemicals, refined copper, copper ore (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $739.385 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $705.52 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $671.285 billion (2022 est.)
GDP (official exchange rate) $288.406 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $35,900 (2024 est.)
Real GDP per capita 2023 $34,700 (2023 est.)
Real GDP per capita 2022 $33,500 (2022 est.)
GDP - composition, by sector of origin
Agriculture 3.9% (2024 est.)
Industry 31.4% (2024 est.)
Services 58.2% (2024 est.)
GDP - composition, by end use
Household consumption 51.4% (2023 est.)
Government consumption 11.1% (2023 est.)
Investment in fixed capital 26.5% (2023 est.)
Investment in inventories 3.3% (2023 est.)
Exports of goods and services 34.5% (2023 est.)
Imports of goods and services -27.5% (2023 est.)
Unemployment rate
Unemployment rate 2024 4.8% (2024 est.)
Unemployment rate 2023 4.9% (2023 est.)
Unemployment rate 2022 4.9% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 3.8% (2024 est.)
Male 3% (2024 est.)
Female 4.8% (2024 est.)
All Important Facts about Kazakhstan

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Kazakhstan is found in Central Asia