Current Account in Kazakhstan

Kazakhstan Current Account (USD bn) | Economic News & Forecasts

Kazakhstan - Current Account (billions of U.S. Dollars)

A first estimate showed that the growth reached a two-year high in the third quarter. Industrial production picked up on the back of upbeat oil output, while activity in the construction and services sectors accelerated in the quarter. Retail sales growth, however, moderated in Q3 despite rising wages, pointing to a slowdown in private consumption. Moreover, external sector metrics were more downbeat in Q3, with goods exports swinging to contraction and merchandise import growth rising. Turning to Q4, the economy maintained pace in January–October, underpinned by buoyant activity in the industrial, construction and retail trade sectors. That said, challenging conditions in the external sector appear to have persisted. On 11 November, Russia’s state-owned pipeline operator agreed to compensate 14 Kazak companies for oil contamination in the Druzhba pipeline.

Kazakhstan - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)2.0  6.1  -6.0  -8.1  -5.1  

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Kazakhstan Current Account (USD bn) Chart

Kazakhstan Current Account
Note: Current account balance in USD.
Source: National Bank of Kazakhstan

Kazakhstan Facts

Exchange Rate386.00.32 %Nov 21
Stock Market0.10.0 %Nov 20

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