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Indicators of economy in Kazakhstan

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Kazakhstan reached 9.122 US dollars per inhabitant, or 171.08 bn US Dollar in the whole country. Kazakhstan is therefore currently ranked 52 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Kazakhstan is in the list of the world's richest countries in place 56.

Inflation in Kazakhstan was in 2020 at around 6.75%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 66.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Kazakhstan 2020. Overall, gross domestic product in 2020 fell from 181.67 billion US Dollar auf 171.08 billion US Dollar. With a drop of 5.8 percent, the economy in Kazakhstan suffered more significant losses than other countries.. The tourism sector alone slumped by around 80 percent. The unemployment rate rose from 4.8 to 4.9 percent. The consumer inflation rate has risen from 5.2% previously to 6.7% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Kazakhstan
Total
Kazakhstan
per capita
EU
Total
EU
per capita
GDP171.08 bn USD9,122.23 USD15,291.93 tn USD29,692.11 USD
Gross national product163.37 bn USD8,711.00 USD15,330.84 tn USD29,767.66 USD


The two largest listed companies in Kazakhstan are Halyk Bank with a market capitalization of 4,316.00 bn dollars and First Heartland Jusan Bank with 323.00 bn dollars. They are the only companies nationwide to be included in the list of Forbes Global 2000 in 2021. This independent list annually publishes the 2000 largest companies worldwide. Halyk Bank was ranked 1459th by Forbes and First Heartland Jusan Bank was ranked 1886th.

Development of the Gross domestic product in billion US Dollar 1990 - 2020



Im- and Exports 2020

 Kazakhstan
Total
Kazakhstan
per capita
EU
Total
EU
per capita
Imports45.15 bn USD2,407.66 USD7,340.01 bn USD14,251.98 USD
Exports52.34 bn USD2,790.90 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1995 - 2020

Exports
Imports



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