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    Kazakhstan - Economy
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    How is the economy of Kazakhstan? Based on the information we have, Kazakhstan has a <p>upper-middle-income Central Asian economy; robust growth due to rising oil production, expansion in manufacturing and services, rising domestic demand, and infrastructure investments; however, rapid growth contributing to high inflation rate; declining unemployment and poverty rates</p>. 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 N/A
    Exchange rates
    Currencytenge (KZT) per US dollar -
    Exchange rates 2024468.962 (2024 est.)
    Exchange rates 2023456.165 (2023 est.)
    Exchange rates 2022460.165 (2022 est.)
    Exchange rates 2021425.908 (2021 est.)
    Exchange rates 2020412.953 (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 202320.9% of GDP (2023 est.)
    Budget
    Revenues$44.25 billion (2023 est.)
    Expenditures$47.247 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20240.1% of GDP (2024 est.)
    Remittances 20230.1% of GDP (2023 est.)
    Remittances 20220.2% of GDP (2022 est.)
    Household income
    Lowest 10%4.3% (2021 est.)
    Highest 10%24.8% (2021 est.)
    Average household expenditures
    On food50.4% of household expenditures (2023 est.)
    On alcohol and tobacco2.2% 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 forcegarments, cars, broadcasting equipment, vehicle bodies, packaged medicine (2023)
    Exports
    Exports 2024$91.908 billion (2024 est.)
    Exports 2023$90.926 billion (2023 est.)
    Exports 2022$93.822 billion (2022 est.)
    Exports (partners)China 16%, UK 15%, Russia 10%, Turkey 6%, Italy 5% (2023)
    Comodities Exports forcecrude 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
    Agriculture3.9% (2024 est.)
    Industry31.4% (2024 est.)
    Services58.2% (2024 est.)
    GDP - composition, by end use
    Household consumption51.4% (2023 est.)
    Government consumption11.1% (2023 est.)
    Investment in fixed capital26.5% (2023 est.)
    Investment in inventories3.3% (2023 est.)
    Exports of goods and services34.5% (2023 est.)
    Imports of goods and services-27.5% (2023 est.)
    Unemployment rate
    Unemployment rate 20244.8% (2024 est.)
    Unemployment rate 20234.9% (2023 est.)
    Unemployment rate 20224.9% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total3.8% (2024 est.)
    Male3% (2024 est.)
    Female4.8% (2024 est.)
    All Important Facts about Kazakhstan

    Want to know more about Kazakhstan? Check all different factbooks for Kazakhstan below.

    Kazakhstan is found in Central Asia