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%.
Kazakhstan GDP from 1992 to 2024
The total market value of goods and services produced annually in Kazakhstan.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1992 | 0 % | $ 2B 875M | $ 120B 238M | $ 168.65 | $ 7,052.77 | 7.50 % | 17M 48K people | -51.66 % | 0 % |
1993 | -9.2 % | $ 5B 152M | $ 111B 764M | $ 304.85 | $ 6,613.24 | 14.10 % | 16M 900K people | -8.637 % | 0 % |
1994 | -12.58 % | $ 11B 881M | $ 99B 791M | $ 751.98 | $ 6,315.86 | 20.90 % | 15M 800K people | -7.663 % | 0 % |
1995 | -8.2 % | $ 16B 639M | $ 93B 528M | $ 1,061.47 | $ 5,966.41 | 22.04 % | 15M 676K people | -1.281 % | 0 % |
1996 | 0.5 % | $ 21B 35M | $ 95B 717M | $ 1,358.80 | $ 6,183.02 | 12.58 % | 15M 481K people | -3.57 % | 0 % |
1997 | 1.7 % | $ 22B 166M | $ 99B 23M | $ 1,459.42 | $ 6,519.71 | 11.99 % | 15M 188K people | -3.606 % | 0 % |
1998 | -1.9 % | $ 22B 135M | $ 98B 233M | $ 1,480.09 | $ 6,568.44 | 10.27 % | 14M 955K people | -5.534 % | 0 % |
1999 | 2.7 % | $ 16B 870M | $ 102B 313M | $ 1,132.13 | $ 6,865.90 | 16.76 % | 14M 902K people | -1.014 % | 0 % |
2000 | 9.8 % | $ 18B 292M | $ 114B 885M | $ 1,229 | $ 7,718.86 | 20.14 % | 14M 884K people | 2.003 % | 0 % |
2001 | 13.499 % | $ 22B 153M | $ 133B 329M | $ 1,490.92 | $ 8,973.37 | 20.60 % | 14M 858K people | -6.272 % | 0 % |
2002 | 9.799 % | $ 24B 637M | $ 148B 669M | $ 1,658.03 | $ 10,005.38 | 23.13 % | 14M 859K people | -4.158 % | 2.208 % |
2003 | 9.3 % | $ 30B 834M | $ 165B 704M | $ 2,068.13 | $ 11,114.35 | 24.82 % | 14M 909K people | -0.884 % | 3.685 % |
2004 | 9.599 % | $ 43B 152M | $ 186B 493M | $ 2,874.29 | $ 12,422.09 | 27.09 % | 15M 13K people | 0.777 % | 2.74 % |
2005 | 9.702 % | $ 57B 125M | $ 211B 1M | $ 3,771.35 | $ 13,930.19 | 31.60 % | 15M 147K people | 0.628 % | 5.599 % |
2006 | 10.7 % | $ 81B 3M | $ 240B 781M | $ 5,291.55 | $ 15,729.03 | 32.88 % | 15M 308K people | -1.016 % | 7.195 % |
2007 | 8.9 % | $ 104B 850M | $ 269B 315M | $ 6,771.41 | $ 17,392.97 | 30.98 % | 15M 484K people | -4.547 % | 4.183 % |
2008 | 3.3 % | $ 133B 442M | $ 283B 564M | $ 8,513.57 | $ 18,091.33 | 28.47 % | 15M 674K people | 0.965 % | 1.54 % |
2009 | 1.2 % | $ 115B 309M | $ 288B 735M | $ 7,165.23 | $ 17,941.86 | 29.30 % | 16M 93K people | -0.117 % | -1.417 % |
2010 | 7.299 % | $ 148B 47M | $ 313B 574M | $ 9,070.49 | $ 19,211.90 | 27.18 % | 16M 322K people | 1.809 % | 1.816 % |
2011 | 7.501 % | $ 192B 626M | $ 344B 49M | $ 11,634 | $ 20,779.44 | 30.30 % | 16M 556K people | 7.303 % | 5.708 % |