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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -4.00 5.30 -51.70 1992 - 2020 percent of GDP Yearly

Kazakhstan Trade Last Previous Highest Lowest Unit
Balance of Trade 1651.00 1961.90 6771.90 -978.60 USD Million [+]
Current Account -381.40 -1276.60 6862.60 -5542.90 USD Million [+]
Current Account to GDP -3.70 -4.00 5.30 -51.70 percent of GDP [+]
Imports 3359.20 3594.00 4587.30 252.60 USD Million [+]
Exports 5010.20 5555.90 9788.50 286.50 USD Million [+]
External Debt 164113.00 163361.00 168595.00 4765.00 USD Million [+]
Capital Flows -2750.70 -1268.20 11201.20 -5975.60 USD Million [+]
Gold Reserves 385.94 395.85 395.85 52.68 Tonnes [+]
Crude Oil Production 1772.85 1742.94 1976.00 407.00 BBL/D/1K [+]
Terrorism Index 0.90 1.57 3.05 0.00 [+]
Remittances 77.56 95.93 179.91 39.60 USD Million [+]
Foreign Direct Investment 4441.73 4445.80 8206.11 864.32 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.