Kazakhstan's external balance on goods and services (current LCU) was 8.22 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 51.09% from 5.44 trillion in 2014 (4.21% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.22 trillion | 2024 |
| Five years earlier | 5.58 trillion | 2019 |
| Ten years earlier | 5.44 trillion | 2014 |
| Highest | 15.36 trillion | 2022 |
| Lowest | -78.27 billion | 1998 |
| Average since 2015 | 6.24 trillion | 2015–2024 |
| First recorded | -32 million |
What the numbers say
In 2024, Kazakhstan's external balance on goods and services (current LCU) fell 102.04 billion on 2023 (from 8.32 trillion to 8.22 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +277.47 billion and a typical year strayed about 2.59 trillion from that (the standard deviation). This year's change was 0.1 standard deviations below 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 8.12 trillion in 2022 and the biggest yearly fall was 7.04 trillion 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 upward, about 962.69 billion a year. A straight line explains 50% 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 3rd highest value of the 34 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
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 33 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2024 | 8,219,347,600,000 |
| 2023 | 8,321,390,400,000 |
| 2022 | 15,361,139,200,000 |
| 2021 | 7,237,563,500,000 |
| 2020 | 2,848,124,800,000 |
| 2019 | 5,576,070,000,000 |
| 2018 | 7,246,783,000,000 |
| 2017 | 4,334,059,100,000 |
| 2016 | 1,585,830,900,000 |
| 2015 | 1,628,696,000,000 |
External balance on goods and services (current LCU) in nearby economies
- Albania — -145.93 billion (2025)
- Armenia — -623.38 billion (2025)
- Austria — 12.23 billion (2025)
- Azerbaijan — 8.02 billion (2025)
- Belarus — -5.58 billion (2025)
- Belgium — -12.95 billion (2025)
- Bosnia and Herzegovina — -7.42 billion (2025)
- Bulgaria — -1.2 billion (2025)
- Croatia — -4.69 billion (2025)
- Cyprus
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 (current LCU)?
- 8.22 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 25.69 million% from -32 million in 1992. The highest value was 15.36 trillion in 2022 and the lowest -78.27 billion in 1998.
- How does Kazakhstan rank?
- 3rd highest of 34 economies with data for 2024.
- Is the latest change in external balance on goods and services (current LCU) unusual for Kazakhstan?
- In 2024, Kazakhstan's external balance on goods and services (current LCU) fell 102.04 billion on 2023 (from 8.32 trillion to 8.22 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +277.47 billion and a typical year strayed about 2.59 trillion from that (the standard deviation). This year's change was 0.1 standard deviations below 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.CN, 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.
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