Kazakhstan

Kazakhstan

We offer a data-driven country report for Kazakhstan that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Kazakhstan.

Its population in 2018 was 18,403,860 [1]

In 2015, 1.56% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 4.00% [2]

In 2021 it had a negative Current
Account Balance of US$bn 5.66 [3]

Its unemployment rate in 2021 was 4.88% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 0.13% [2]



What free trade areas or economic unions is it a member of?

Member of the Eurasian Economic Union (EAEU) since 01/01/2015

Other members:

Armenia, Belarus, Kyrgyz Republic, Russian Federation


What trade deals are there between Eurasian Economic Union and other countries and economic unions?

EAEU - Egypt Free Trade Agreement (from 05/10/2015)

CIS Free Trade Zone Agreement (CISFTA) (from 19/03/2016)

EAEU - VietNam Free Trade Agreement (from 05/10/2016)

EAEU - Serbia Free Trade Agreement (from 01/10/2019)

EAEU - Iran free trade agreement (from 27/10/2019)

EAEU - Serbia free trade agreement (from 10/07/2021)


What trade deals are there with other countries and economic unions?

Georgia - Kazakhstan free trade agreement (from 16/07/1999)

Common Economic Zone (from 04/05/2004)

Jusan Bank’s Nurdaulet Aidossov: Deep Fintech and Telecom Collaboration

‘We have built a golden digital bridge between business and retail client,’ says Jusan Bank CEO Nurdaulet Aidossov. Banking and financial services came early into every Kazakhstani’s life. No wonder,
Read more

Aibek Kaiyp: Jusan Bank’s CEO Champions Change, Hits New Heights in Service Provision

First Heartland Jusan Bank, one of the largest banks in Kazakhstan, is developing its ecosystem to go beyond traditional services. At the helm in this period of transition is Aibek
Read more

Lord Waverley: The EAEU is an Alternative to the EU — But Will It Last?

The Eurasian Economic Union (EAEU) spreads across Eastern Europe and Central and Northern Asia, covering some 20 million square kilometres and representing 180 million people. But with concern about uniting
Read more

Alisher Sultanov, Energy Minister of the Republic of Uzbekistan: There Must Be Conservation and Cooling in Uzbekistan

Driving from the airport to Uzbekistan’s ancient city of Bukhara, visitors can see a series of new residential buildings on the side of the road, evidence of the building boom
Read more

Financial Centres Promote Economic Development: AIFC Goes for Growth by Backing SMEs Globally

International Financial Centres (IFCs) are a necessary component of national and global economic growth. And increasingly, it is co-operation between IFCs, rather than competition, that drives the development agenda of
Read more

Lord Waverley: Brexit and Trade – The UK Must Now Be Flexible, Opportunistic & Respectfully Machiavellian

The Trade Bill before Parliament is a necessary piece in the BREXIT jigsaw. A question to start with, however, is this: will the bill survive the environment in which it
Read more

World Bank to Promote High-Quality Innovations in Kazakhstan

The World Bank Group’s Board of Executive Directors today approved a US$88 million loan to help Kazakhstan foster innovation by promoting high-quality nationally relevant research and commercialization of technologies. The
Read more

Central Asian Countries Pledge Action on Climate Change

Central Asia faces climate change related issues such as warmer temperatures, glacier melt, increased variability in water resources, and frequent and costly weather-related hazards. Central Asia climate change forum aims
Read more

Baker & McKenzie: Kazakhstani International and Domestic Securities Offerings

By Edward A. Bibko With its large natural resources and relatively transparent legal regime, Kazakhstan has long been a destination for international companies. In addition, its domestic companies have been attracting
Read more

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

CFI

Published by
CFI
5 years ago

Recent Posts

UK Inflation Rate

4 years ago

UK Global Trade By Country – Imports (million £)

4 years ago

UK Global Trade By Country – Exports (million £)

4 years ago

Total Investment by Country (percent of GDP)

4 years ago

Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of GDP)

4 years ago

Imports of Goods and Services by Country (percent of GDP)

4 years ago