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Indicators of economy in Kazakhstan

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Kazakhstan, on the other hand, reached USD 10,374 per capita, or 197.11 billion USD for the whole country. Kazakhstan is therefore currently ranked 54 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Kazakhstan ranks 58th in the list of the richest countries.

Inflation in Kazakhstan in 2020 was around 6.75%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 66.9 percent lower.
The index for perceived corruption in the public sector is 37, which is below average by global standards.


Back to overview: Kazakhstan

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Kazakhstan 2020. Overall, gross domestic product in 2020 fell from 181.67 billion US dollars to 171.08 billion US dollars. 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 percent previously to 6.7 percent now.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Kazakhstan
Total
Kazakhstan
per capita
EU
Total
EU
per capita
GDP197.11 bn USD10,373.79 USD17.177 tn USD33,384.92 USD
Gross national product168.69 bn USD8,878.11 USD16.895 tn USD32,835.37 USD


The two largest listed companies in Kazakhstan are Halyk Bank with a market capitalization of 2.967 trillion dollars and Kaspi.kz JSC with 13.114 trillion dollars. They are the only companies nationwide to be included in the list of Forbes Global 2000 in 2022. This independent list publishes the 2000 largest companies worldwide annually. Halyk Bank was ranked 1524th by Forbes and Kaspi.kz JSC was ranked 1608th.

Development of gross domestic product in billions of USD 1990 - 2021



Imports and Exports 2021

 Kazakhstan
Total
Kazakhstan
per capita
EU
Total
EU
per capita
Imports47.33 bn USD2,490.76 USD8.916 tn USD17,329.02 USD
Exports66.15 bn USD3,481.43 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1995 - 2021

Exports
Imports



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