Kazakhstan recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2019.

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 June of 2020.

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 2365.00 2523.60 6771.90 -22.10 USD Million [+]
Current Account 1202.60 -1872.60 6655.80 -3081.30 USD Million [+]
Current Account to GDP -3.60 -0.50 5.42 -51.70 percent [+]
Imports 2447.90 2232.10 4587.30 252.60 USD Million [+]
Exports 4812.90 4755.70 9788.50 286.50 USD Million [+]
External Debt 156802.00 157750.00 168595.00 4765.00 USD Million [+]
Capital Flows -1641.90 -1668.80 11178.30 -5858.20 USD Million [+]
Gold Reserves 388.30 377.48 388.30 52.68 Tonnes [+]
Crude Oil Production 1976.00 1945.00 1976.00 407.00 BBL/D/1K [+]
Foreign Direct Investment 5687.19 6118.02 8206.11 864.32 USD Million [+]
Terrorism Index 1.57 2.23 3.05 0.00 [+]
Remittances 119.26 126.41 179.91 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.