Search results
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. In 2021, Kazakhstan attracted more than US$370 billion of foreign investments since becoming an independent republic after the dissolution of the former Soviet Union .
Kazakhstan's economy grew by 5.1% in 2023, driven by exports and fiscal stimulus. The 2024 economic forecast anticipates a growth slowdown to 3.4%, with a rebound to 4.7% in 2025 due to increased oil production.
GDP (current US$) - Kazakhstan. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Label.
Economic performance 2023. In the Global Innovation Index, Kazakhstan ranked 81st in 2023 with 26.7 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 129 countries. The top country was Switzerland with 67.6 points.
The top services exported by Kazakhstan in 2020 were Other transport ($2.96B), Miscellaneous business, professional, and technical services ($418M), Air transport ($358M), Personal travel ($318M), and Government services, n.i.e. ($195M).
Kazakhstan’s economic forecast for the next two years is steady growth. After rebounding from the adverse impacts of Russia’s invasion of Ukraine in 2023, growth is expected to slow to 3.4% year-on-year in 2024 due to lower-than-expected oil production.
Includes historical data for Kazakhstan’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
