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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
