Kazakhstan: economy

How fast is Kazakhstan's economy growing?

Kazakhstan's real GDP grew by 4.1% in January to June 2026 compared with a year earlier, according to the Bureau of National Statistics' national accounts page. The Bureau's short-term economic indicator, which tracks output in the main sectors, was 4.9% higher in January to August 2026. At a session on 13 October 2026 the Government reported growth of 4.2% for the first nine months.

The Bureau publishes GDP as a volume index (104.1 means growth of 4.1%). The short-term indicator covers agriculture, industry, construction, trade, transport and communications, and is a faster but narrower guide than full GDP. Quarterly GDP figures are revised when the annual estimate is produced.

Official sources: national accounts page · Government reported

What is Kazakhstan's GDP per capita?

GDP per person in Kazakhstan was 3,466,277 tenge in January to June 2026, according to the Bureau of National Statistics' national accounts page. For the whole of 2025 the Bureau's regional data put gross regional product per person at 7,827.2 thousand tenge for the country, ranging from 2,508.0 thousand tenge in Turkistan region to 23,332.0 thousand tenge in Atyrau region.

The half-year figure covers six months, so it is roughly half an annual value. Figures are in current tenge; comparisons in US dollars depend on the exchange rate used. Oil-producing Atyrau and the cities of Almaty and Astana have the highest output per person, which pulls up the national average.

Official sources: national accounts page · regional data

What is the inflation rate in Kazakhstan?

Annual consumer price inflation in Kazakhstan was 9.3% in September 2026, down from 9.8% in August, according to the Bureau of National Statistics' Inflation in the Republic of Kazakhstan (September 2026). Food prices rose 8.5% over the year, non-food goods 11.0% and paid services 8.9%. Monthly inflation was 0.6%.

Food and non-alcoholic beverages made the largest contribution, at 3.6 percentage points. Annual inflation was highest in Akmola region (11.2%) and lowest in Karagandy and Pavlodar (7.7%). The National Bank's medium-term target is 5%. The Bureau gives 2 November 2026 as the date of the next release.

Official sources: Inflation in the Republic of Kazakhstan (September 2026)

What is the National Bank of Kazakhstan's base rate?

The National Bank of Kazakhstan's base rate is 16.25%, with a corridor of plus or minus 1 percentage point, after a cut on 4 September 2026, according to the National Bank press release. The rate had been lowered to 17.00% in June and 16.75% in July 2026.

The National Bank kept its inflation forecast for 2026 at 9 to 11% and raised its 2027 forecast to 6.5 to 8.5%. It said room for further cuts is limited because inflation risks have increased. It gave 23 October 2026 as the date of the next scheduled decision. The base rate guides interbank rates such as TONIA and, through them, bank lending and deposit rates.

Official sources: National Bank press release

How much does Kazakhstan export, and to whom?

Kazakhstan exported goods worth $50,888.4 million and imported $36,860.3 million in January to July 2026, a trade turnover of $87,748.7 million, according to the Bureau of National Statistics' foreign trade page. These are preliminary figures. The Bureau lists China ($9,179.8 million) and Italy ($9,000.6 million) as the largest export markets, followed by Russia, Türkiye and the Netherlands.

Russia ($11,343.8 million) and China ($10,850.2 million) were the largest sources of imports. Trade with Eurasian Economic Union members was $18,150.1 million, with imports from the union more than twice exports to it. The Bureau's export price index was 11.8% higher in July 2026 than a year earlier, so export values also reflect world commodity prices.

Official sources: foreign trade page · Bureau

Does Kazakhstan have a current account surplus?

Kazakhstan's balance of payments recorded a current account surplus of $2.4 billion in the first half of 2026, compared with a deficit of $3.6 billion a year earlier, the Government reported on 13 October 2026. It linked the change to faster growth in exports.

The current account adds trade in goods and services to income flows such as dividends paid to foreign oil investors, which are large in Kazakhstan. The National Bank compiles the balance of payments and publishes the full tables and external debt figures on its website. Quarterly figures can be revised in later releases.

Official sources: Government reported · website

How fast is Kazakhstan's economy growing?

In 2025, real GDP growth in Kazakhstan was 6.5%, according to the World Bank. The peak was 10.7% in 2006 and the low -2.5% in 2020. It is 7th highest of 49 in Europe & Central Asia, where the median is 2.1%. World rank, highest first: 22nd of 180.

How rich is Kazakhstan per person?

According to the World Bank, GDP per person in Kazakhstan was $14,692 in 2025. It is the top of the series, which starts in 2005. It is 36th highest of 49 in Europe & Central Asia, where the median is $28,420. Of 180 countries with 2025 data, 64th highest.

What is Kazakhstan's GDP per person adjusted for prices?

$44,293 in international dollars: that is GDP per person at purchasing power parity in Kazakhstan for 2025, according to the World Bank. No year since 2005 has been higher. Europe & Central Asia median: $50,946 in international dollars; Kazakhstan is 34th highest of 49. World rank, highest first: 49th of 179.

What share of Kazakhstan's economy is exports?

The World Bank puts exports of goods and services in Kazakhstan at 31.6% of GDP in 2024. The peak was 57.1% of GDP in 2008 and the low 28.5% of GDP in 2015. It is 40th highest of 48 in Europe & Central Asia, where the median is 47.3% of GDP. World rank, highest first: 91st of 162.

What is Kazakhstan's current account balance?

-4.1% of GDP: that is the current account balance in Kazakhstan for 2025, according to the IMF (a deficit). The peak was 7.3% of GDP in 2011 and the low -6.5% of GDP in 2020. It is 36th highest of 47 in Europe & Central Asia, where the median is -0.3% of GDP. Of 132 countries with 2025 data, 98th highest.

How much foreign direct investment goes into Kazakhstan?

-0.3% of GDP: that is net inflows of foreign direct investment in Kazakhstan for 2025, according to the IMF. That is the lowest since at least 2005. It is 42nd highest of 49 in Europe & Central Asia, where the median is 1.9% of GDP. Worldwide: 166th of 179.