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Economy of Kazakhstan

Kazakhstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Kazakhstan may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Kazakhstan exports around $87.23 billion and imports roughly $52.03 billion. 4.9% of population in the country are unemployed. The total number of unemployed people in Kazakhstan is 901,789. In Kazakhstan, 2.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Kazakhstan is low, indicating that it has a stable economy. Investors should consider Kazakhstan to be a safe location for investments and other financial ventures. Government expenditure on education is 2.8% of GDP. The Gini Index of the country is 28.9. Kazakhstan is experiencing high equality. Differences in income among citizens are only mildly significant. Kazakhstan has a Human Development Index (HDI) of 0.757. Kazakhstan has a high HDI score. This indicates that the majority of citizens will be able to attain a desirable life while providing substantial aid and assistance to citizens with lower living standards. The Global Peace Index (GPI) for Kazakhstan is 2.008. The strength of legal rights index for Kazakhstan is 4. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.


The currency of Kazakhstan is Kazakhstani tenge. There are several plural forms of the name 'Kazakhstani tenge'. These are tenge, tenges. The symbol used for this currency is ₸, and it is abbreviated as KZT. The Kazakhstani tenge is divided into Tiyin; there are 100 in one tenge.

Credit rating

The depth of credit information index for Kazakhstan is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Kazakhstan has a credit rating score of BBB+, and the prospects of this rating are negative. According to the Fitch credit-rating agency, Kazakhstan has a credit rating score of BBB, and the prospects of this rating are positive. According to the Moody's credit-rating agency, Kazakhstan has a credit rating score of Baa2, and the prospects of this rating are stable.

Central bank

In Kazakhstan, the institution that manages the state's currency, money supply, and interest rates is called National Bank of Kazakhstan. Locally, the central bank of Kazakhstan is called Қазақстан Ұлттық Банкі.

Public debt

Kazakhstan has a government debt of 125.3% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information

The corporate tax in Kazakhstan is set at 20%. VAT in Kazakhstan is 12%.


The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Kazakhstan is $420007 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Kazakhstan was last recorded at $23 million. PPP in Kazakhstan is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Kazakhstan is 224,415 billion. Based on this statistic, Kazakhstan is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Kazakhstan. The Gross Domestic Product (GDP) per capita in Kazakhstan was last recorded at $12 million. The average citizen in Kazakhstan has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Kazakhstan averaged 4.6% in 2014. According to this percentage, Kazakhstan is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well. To read more about financial information click on finances of Kazakhstan.


Major industries in the country are oil, coal, iron ore, manganese, chromite, lead, zinc, copper, titanium, bauxite, gold, silver, phosphates, sulfur, uranium, iron and steel, tractors and other agricultural machinery, electric motors, construction materials. The total labor force of Kazakhstan is 9,207,670 people, wherein 4.9% of population in the country are unemployed. The total number of unemployed people in Kazakhstan is 901,789. The Industrial Production growth rate of Kazakhstan is 7.3%.To read more about industrial information within Kazakhstan click on industry of Kazakhstan.


There are 221059 km2 of arable land in Kazakhstan, and it comprises 8% of the country's total territory. There are 222394 km2 of cultivated land in Kazakhstan. The country's major agricultural crops and products are grain, cotton, livestock.To read more about agriculture click on agriculture of Kazakhstan.