Kazakhstan's external balance on goods and services (constant LCU) was -2.08 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 489.28% from -353.06 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -2.08 trillion | 2024 |
| Five years earlier | -906.33 billion | 2019 |
| Ten years earlier | -353.06 billion | 2014 |
| Highest | 654.78 billion | 2005 |
| Lowest | -2.08 trillion | 2024 |
| Average since 2015 | -953.63 billion | 2015–2024 |
| First recorded | 654.78 billion |
What the numbers say
In 2024, Kazakhstan's external balance on goods and services (constant LCU) fell 132.45 billion on 2023 (from -1.95 trillion to -2.08 trillion).
Across the 18 yearly changes before that (2006 to 2023), the average change was −144.6 billion and a typical year strayed about 375.46 billion from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 594.74 billion in 2008 and the biggest yearly fall was 859.26 billion in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 173.45 billion a year. A straight line explains 72% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Kazakhstan had the 17th highest value of the 18 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Kazakhstan in the 2024 ranking
- Vanuatu — 14th of 18: -35.09 billion
- Angola — 15th of 18: -919.98 billion
- United States — 16th of 18: -984.55 billion
- Lebanon — 18th of 18: -11.18 trillion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 20 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -2,080,509,277,000 |
| 2023 | -1,948,058,210,400 |
| 2022 | -1,088,794,819,100 |
| 2021 | -821,626,430,600 |
| 2020 | -940,294,779,700 |
| 2019 | -906,328,307,700 |
| 2018 | -235,881,586,500 |
| 2017 | -347,734,290,100 |
| 2016 | -632,649,207,900 |
| 2015 | -534,421,630,900 |
External balance on goods and services (constant LCU) in nearby economies
More economic policy & debt data for Kazakhstan
- Adjusted savings, education expenditure (% of GNI) — 3.26% (2021)
- Adjusted savings, mineral depletion (current US$) — US$11.25 billion (2021)
- Adjusted savings, energy depletion (current US$) — US$15.12 billion (2021)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) — US$12.34 billion (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) — 906.89 billion (2025)
- Industry, including construction, value added (constant 2015 US$) — US$89.74 billion (2025)
- Industry, including construction, value added (constant LCU) — 6.82 trillion (2025)
- Services, value added (constant 2015 US$) — US$143.89 billion (2025)
Reading data like this
Questions people ask
- What is Kazakhstan's external balance on goods and services (constant LCU)?
- -2.08 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 417.74% from 654.78 billion in 2005. The highest value was 654.78 billion in 2005 and the lowest -2.08 trillion in 2024.
- How does Kazakhstan rank?
- 17th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Kazakhstan?
- In 2024, Kazakhstan's external balance on goods and services (constant LCU) fell 132.45 billion on 2023 (from -1.95 trillion to -2.08 trillion). Across the 18 yearly changes before that (2006 to 2023), the average change was −144.6 billion and a typical year strayed about 375.46 billion from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in