Kazakhstan


Kazakhstan Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Kazakhstan; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank National Bank of Kazakhstan
International Reserves US$ 29.215 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 198.907 billion (2011 estimate)
GDP (Purchasing Power Parity) 232.441 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
13.5% 9.8% 9.3% 9.6% 9.7% 10.7% 8.9% 3.2%
2009 2010 2011 2012*
1.2% 7.3% 7.5% 5.9%

*Estimate

GDP per capita - current prices US$ 11,917 (2011 estimate)
GDP per capita - PPP $13,926 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0.17% 0.27% 0.3%

**Forecast

GDP - composition by sector
  • agriculture: 4.6% 
  • industry: 34.2% 
  • services: 55.7% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
7.3%(2008) 7.1% 8.3% 5.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6.6% 5.8% 5.4%(2009) 5.4%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
6.7% 10.2% 10.7% 10.9% 9.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
1.2% -1.3% 1.5% 5.8% 4.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB+

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$57.66 billion US$60.74 billion US$43.3 billion
Largest companies in Kazakhstan KazMunaiGas Exploration (Oil & Gas Operations), BTA Bank (Regional Banks) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 13.1 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP 6.6% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

44% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.48%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.1% (2011)(2007)

(Data were released in 2012)

Total exports US$88.61 billion (2012 estimate) 
Export commodities oil and oil products 59%, ferrous metals 19%, chemicals 5%, machinery 3%, grain, wool, meat, coal
Total imports US$42.82 billion (2012 estimate) 
Import commodities machinery and equipment, metal products, foodstuffs
Exports - major partners China 21.7%, France 9.4%, Germany 8.3%, Russia 5.3%, Italy 5.2%, Canada 4.5%, Romania 4.5% (2011)
Imports - major partners China 30.2%, Russia 20%, Germany 7.4%, Ukraine 5% (2011)
FDI inflows
2009 2010 2011
US$13,243 million US$10,768 million(2009) US$12,910 million(2009)
FDI outflows
2009 2010 2011
US$3,159 million US$7,837 million US$4,530 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$2,047 million N/A(2009) US$1,462 million(2009) US$8,081 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 49 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 25 out of 185 countries(2009)

Enforcing Contracts: 28 out of 185 countries

Registering Property: 28 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 10 out of 185 countries

Trading across border: 182 out of 185 countries

Paying Taxes: 17 out of 185 countries

Dealing with Construction Permits: 155 out of 185 countries

Getting Electricity: 80 out of 185 countries

Resolving Insolvency: 55 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
51

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 65 Score: 63.6 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+6
Total area 2,724,900 km2 (2006)
Capital Astana (2009)
Currency tenge (KZT) (2009)
Government type republic; authoritarian presidential rule, with little power outside the executive branch (2009)
Languages Kazakh (Qazaq, state language) 64.4%, Russian (official, used in everyday business, designated the "language of interethnic communication") 95% (2001 estimate)
Religions Muslim 47%, Russian Orthodox 44%, Protestant 2%, other 7%
Total population
1980 1990 2000 2012* 2017**
N/A N/A 14.87 million 16.69 million 16.77 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
44.2% 54.1% 56.3% 53.6%
Population median age 29 years (2010)
Population growth rate 1.4% (2011)
Life expectancy 67 years (2010)
Adult literacy 100% (2005/2010)
% of population living on less than $2 a day <2% (2011)
Inequality of wealth distribution (Gini index)

29.04 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

168.7% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 45% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

14.2543 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS HSBC (National, 2013)
2012:
  • COUNTRY WINNERS Halyk Bank (Asia, 2012)
2011:
  • COUNTRY WINNERS HSBC Bank Kazakhstan (National, 2011)
2010:
  • COUNTRY WINNERS ATFBank (National, 2010)
2009:
  • COUNTRY WINNERS BTA Bank (2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:
  • COUNTRY WINNERS Al Hilal Islamic Bank JSC (Global, 2012)
2011:
  • COUNTRY WINNERS Al Hilal Islamic Bank (National, 2011)
2010:
  • COUNTRY WINNERS Al-Hilal Islamic Bank (National, 2010)
2009:
  • COUNTRY WINNERS Al Hilal Bank (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Halyk Bank (Global, 2012)
2011:
  • COUNTRY WINNERS Halyk Bank (Global, 2011)
2010:
  • COUNTRY WINNERS Halyk Bank (National, 2010)
2009:
  • COUNTRY WINNERS Kazkommertsbank (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS HSBC (Global, 2012)
2011:
  • COUNTRY WINNERS HSBC (2011)
2010:
  • COUNTRY WINNERS HSBC (National, 2010)
2009:
  • COUNTRY WINNERS HSBC (Global, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS Kazkommerts Securities (National, 2013)
2012:
  • COUNTRY WINNERS Halyk Finance (Global, 2012)
2011:
  • COUNTRY WINNERS Halyk Finance (Global, 2011)

CENTRAL BANKER REPORT CARD

2012:

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Kazkommertsbank (National, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Halyk Bank (Global, 2013)
2012:
  • COUNTRY WINNERS Halyk Bank (Asia, 2012)
2011:
  • COUNTRY WINNERS Halyk Bank (National, 2011)
2010:
  • COUNTRY WINNERS Kazkommertsbank (Lee Seongtae, 2010)
2009:
  • COUNTRY WINNERS BTA Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE