Kazakhstan recorded a Current Account deficit of 3.70 percent of the country's Gross Domestic Product in 2020. source: The National Bank of Kazakhstan

Current Account to GDP in Kazakhstan averaged -3.77 percent of GDP from 1992 until 2020, reaching an all time high of 5.30 percent of GDP in 2011 and a record low of -51.70 percent of GDP 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 December of 2021.

Current Account to GDP in Kazakhstan is expected to reach -1.50 percent of GDP by the end of 2021, 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 -1.50 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Kazakhstan Current Account to GDP


Related Last Previous Unit Reference
Current Account -623.80 -954.40 USD Million Sep/21
Current Account to GDP -3.70 -4.00 percent of GDP Dec/20
External Debt 166753.00 164113.00 USD Million Jun/21
Capital Flows -2352.90 -3057.90 USD Million Sep/21
Remittances 81.97 77.56 USD Million Jun/21
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.