Kazakhstan recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2019. source: The National Bank of Kazakhstan

Current Account to GDP in Kazakhstan averaged -3.83 percent from 1992 until 2019, reaching an all time high of 5.42 percent in 2011 and a record low of -51.70 percent in 1992. This page provides - Kazakhstan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Kazakhstan is expected to reach -6.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kazakhstan Current Account to GDP is projected to trend around -5.50 percent in 2021 and -3.50 percent in 2022, according to our econometric models.

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Kazakhstan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -0.50 5.42 -51.70 1992 - 2019 percent Yearly

Kazakhstan Trade Last Previous Highest Lowest Unit
Balance of Trade 1090.20 256.50 6771.90 -1063.70 USD Million [+]
Current Account -5500.10 -1123.40 6862.60 -5500.10 USD Million [+]
Current Account to GDP -3.60 -0.50 5.42 -51.70 percent [+]
Imports 3046.70 3508.30 4587.30 252.60 USD Million [+]
Exports 4136.90 3764.80 9788.50 286.50 USD Million [+]
External Debt 160912.00 159813.00 168595.00 4765.00 USD Million [+]
Capital Flows -4161.00 -4657.10 11178.30 -5858.20 USD Million [+]
Gold Reserves 383.33 378.48 385.48 52.68 Tonnes [+]
Crude Oil Production 1583.00 1638.00 1976.00 407.00 BBL/D/1K [+]
Foreign Direct Investment 4087.77 4497.51 8206.11 864.32 USD Million [+]
Terrorism Index 0.90 1.57 3.05 0.00 [+]
Remittances 98.42 77.86 179.91 39.60 USD Million [+]


Kazakhstan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.