Kazakhstan GDP Trends from 1992 to 2024: A overall increase with some decline Flow

Kazakhstan's GDP changed from approximately $2B 875M in 1992 to $296B 740M in 2024, showing an overall 10221.4% sharply increased during the period.
The lowest GDP was recorded in 1992 at $2B 875M, and the highest in 2024 at $296B 740M.
Over the 32-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 15.6%.
For comparison, the average annual growth rate of Russia was 11.1%, and that of China was 9.8%.

Overview of Kazakhstan's GDP (1992–2024)

The Gross Domestic Product (GDP) of Kazakhstan recorded a 10221.4% sharply increased from 1992 to 2024.
The average GDP during this period was $113B 840M, and the median was $115B 309M.
GDP fluctuated within a range of $293B 865M, with a standard deviation of $89B 914M.
The average annual change was $8B 640M.


Kazakhstan GDP from 1992 to 2024

The total market value of goods and services produced annually in Kazakhstan.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1992, $2B 875M
    • Highest GDP: 2024, $296B 740M
    • Most Recent GDP: 2024, $296B 740M

    Notable Annual GDP Changes

    • 2011: Significant increase in GDP
    • 2016: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Kazakhstan's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $181B 667M → $171B 82M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $104B 850M → $115B 309M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $18B 292M → $22B 153M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $22B 166M → $22B 135M
    • Outcome: remained stable

    Key Economic Indicators of Kazakhstan (1992–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1992
    $ 2B 875M
    $ 168.65
    $ 7,052.77
    $ 120B 238M
    0 %
    -51.66 %
    7.50 %
    0 %
    17M 48K people
    1993
    $ 5B 152M
    $ 304.85
    $ 6,613.24
    $ 111B 764M
    -9.2 %
    -8.637 %
    14.10 %
    0 %
    16M 900K people
    1994
    $ 11B 881M
    $ 751.98
    $ 6,315.86
    $ 99B 791M
    -12.58 %
    -7.663 %
    20.90 %
    0 %
    15M 800K people
    1995
    $ 16B 639M
    $ 1,061.47
    $ 5,966.41
    $ 93B 528M
    -8.2 %
    -1.281 %
    22.04 %
    0 %
    15M 676K people
    1996
    $ 21B 35M
    $ 1,358.80
    $ 6,183.02
    $ 95B 717M
    0.5 %
    -3.57 %
    12.58 %
    0 %
    15M 481K people
    1997
    $ 22B 166M
    $ 1,459.42
    $ 6,519.71
    $ 99B 23M
    1.7 %
    -3.606 %
    11.99 %
    0 %
    15M 188K people
    1998
    $ 22B 135M
    $ 1,480.09
    $ 6,568.44
    $ 98B 233M
    -1.9 %
    -5.534 %
    10.27 %
    0 %
    14M 955K people
    1999
    $ 16B 870M
    $ 1,132.13
    $ 6,865.90
    $ 102B 313M
    2.7 %
    -1.014 %
    16.76 %
    0 %
    14M 902K people
    2000
    $ 18B 292M
    $ 1,229
    $ 7,718.86
    $ 114B 885M
    9.8 %
    2.003 %
    20.14 %
    0 %
    14M 884K people
    2001
    $ 22B 153M
    $ 1,490.92
    $ 8,973.37
    $ 133B 329M
    13.499 %
    -6.272 %
    20.60 %
    0 %
    14M 858K people
    2002
    $ 24B 637M
    $ 1,658.03
    $ 10,005.38
    $ 148B 669M
    9.799 %
    -4.158 %
    23.13 %
    2.208 %
    14M 859K people
    2003
    $ 30B 834M
    $ 2,068.13
    $ 11,114.35
    $ 165B 704M
    9.3 %
    -0.884 %
    24.82 %
    3.685 %
    14M 909K people
    2004
    $ 43B 152M
    $ 2,874.29
    $ 12,422.09
    $ 186B 493M
    9.599 %
    0.777 %
    27.09 %
    2.74 %
    15M 13K people
    2005
    $ 57B 125M
    $ 3,771.35
    $ 13,930.19
    $ 211B 1M
    9.702 %
    0.628 %
    31.60 %
    5.599 %
    15M 147K people
    2006
    $ 81B 3M
    $ 5,291.55
    $ 15,729.03
    $ 240B 781M
    10.7 %
    -1.016 %
    32.88 %
    7.195 %
    15M 308K people
    2007
    $ 104B 850M
    $ 6,771.41
    $ 17,392.97
    $ 269B 315M
    8.9 %
    -4.547 %
    30.98 %
    4.183 %
    15M 484K people
    2008
    $ 133B 442M
    $ 8,513.57
    $ 18,091.33
    $ 283B 564M
    3.3 %
    0.965 %
    28.47 %
    1.54 %
    15M 674K people
    2009
    $ 115B 309M
    $ 7,165.23
    $ 17,941.86
    $ 288B 735M
    1.2 %
    -0.117 %
    29.30 %
    -1.417 %
    16M 93K people
    2010
    $ 148B 47M
    $ 9,070.49
    $ 19,211.90
    $ 313B 574M
    7.299 %
    1.809 %
    27.18 %
    1.816 %
    16M 322K people
    2011
    $ 192B 626M
    $ 11,634
    $ 20,779.44
    $ 344B 49M
    7.501 %
    7.303 %
    30.30 %
    5.708 %
    16M 556K people