Current Account in Kazakhstan

Kazakhstan Current Account | Economic News & Forecasts

Kazakhstan - Current Account

Recent data shows that GDP accelerated further in Q1. Q1’s expansion was driven mainly by the mining and manufacturing sectors. In contrast, the agriculture and services sectors saw smaller expansions, with the latter potentially linked to unrest in January and softer Russian visitor arrivals. Turning to Q2, growth is likely to be sluggish. In April, oil production fell markedly and manufacturing output slowed. Moreover, soaring inflation and consequent interest rate hikes should be dampening consumption. However, the services PMI recovered well above the 50-point mark in April and May, suggesting that businesses are weathering the adverse international environment rather well. Meanwhile, the country voted in early June in favor of a new constitution which aims to give more power to parliament and reduce the influence of former president Nazarbayev.

Kazakhstan - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-5.0  -5.8  -3.1  -0.1  -3.6  

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Kazakhstan Current Account Chart


Kazakhstan Current Account
Note: Current account balance as % of GDP.

Kazakhstan Facts

Value Change Date
Exchange Rate382.90.32 %Jan 01
Stock Market0.10.0 %Jan 07

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