Kazakhstan: Trade balance, percent of GDP
* indicates monthly or quarterly data series
Kazakhstan |
Trade balance as percent of GDP |
---|---|
Latest value | 15.45 |
Year | 2022 |
Measure | percent |
Data availability | 1992 - 2022 |
Average | 5.84 |
Min - Max | -10.05 - 20.00 |
Source | The World Bank |
The latest value from 2022 is 15.45 percent, an increase from 8.62 percent in 2021. In comparison, the world average is -5.90 percent, based on data from 161 countries. Historically, the average for Kazakhstan from 1992 to 2022 is 5.84 percent. The minimum value, -10.05 percent, was reached in 1994 while the maximum of 20 percent was recorded in 2008.
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The trade balance for Kazakhstan and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 133.31 | 2021 | percent |
Trade openness | 68.11 | 2022 | percent |
Financial openness | -0.989 | 2021 | index points |
Exports, percent of GDP | 41.78 | 2022 | percent |
Exports, billion dollars | 94.22 | 2022 | billion U.S. dollars |
Growth of exports | 10.20 | 2022 | percent |
Imports, percent of GDP | 26.33 | 2022 | percent |
Imports, billion dollars | 59.38 | 2022 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 2.03 | 2023 | percent |
Foreign Direct Investment, billion dollars | 4.93 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 377.94 | 2023 | million dollars (current) |
Current account, percent of GDP | 0.90 | 2022 | percent |
Current account, in dollars | -8.66 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | 15.45 | 2022 | percent |
Trade balance, in dollars | 18.36 | 2023 | billion U.S. dollars |
Reserves | 35.96 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 0.17 | 2023 | percent |
Remittances | 440.00 | 2023 | million U.S. dollars |
Net errors and omissions | -93.13 | 2023 | million USD |
External debt | 80.87 | 2022 | percent |
Short-term external debt | 10.30 | 2022 | percent |
Short-term debt to reserves | 47.47 | 2022 | percent |
Foreign exchange reserves | 21,435.46 | 9/2024 | billion |