Kazakhstan's gross capital formation (current LCU) was 37.2 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 263.52% from 10.23 trillion in 2014 (13.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 37.2 trillion | 2024 |
| Five years earlier | 19.21 trillion | 2019 |
| Ten years earlier | 10.23 trillion | 2014 |
| Highest | 37.2 trillion | 2024 |
| Lowest | 760 million | 1992 |
| Average since 2015 | 21.3 trillion | 2015–2024 |
| First recorded | 760 million |
What the numbers say
In 2024, Kazakhstan's gross capital formation (current LCU) rose 10.6% on 2023 (from 33.63 trillion to 37.2 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +87.7% and a typical year strayed about 354.9% from that (the standard deviation). This year's change was 0.2 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 1,963% in 1994 and the biggest yearly fall was 3.3% in 1996. 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 2.76 trillion a year. A straight line explains 92% 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.
A straight-line projection, tested first
Extending that straight line gives about 39.9 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 7.58 trillion, against 9.97 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Kazakhstan had the 5th highest value of the 38 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
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 | Gross capital formation (current LCU) |
|---|---|
| 2024 | 37,196,883,200,000 |
| 2023 | 33,631,527,400,000 |
| 2022 | 25,916,382,000,000 |
| 2021 | 22,275,240,500,000 |
| 2020 | 20,351,807,200,000 |
| 2019 | 19,210,178,500,000 |
| 2018 | 15,614,510,000,000 |
| 2017 | 14,330,179,000,000 |
| 2016 | 13,070,935,700,000 |
| 2015 | 11,409,909,500,000 |
Gross capital formation (current LCU) in nearby economies
- Albania — 628.23 billion (2024)
- Armenia — 2.74 trillion (2025)
- Austria — 121.33 billion (2025)
- Azerbaijan — 24.38 billion (2025)
- Belarus — 77.75 billion (2025)
- Belgium — 165.3 billion (2025)
- Bosnia and Herzegovina — 16.25 billion (2025)
- Bulgaria — 25.2 billion (2025)
- Croatia — 22.86 billion (2025)
- Cyprus — 7.03 billion (2025)
- Czechia
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 gross capital formation (current LCU)?
- 37.2 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 4.89 million% from 760 million in 1992 (40.14% a year on average, compounded). The highest value was 37.2 trillion in 2024 and the lowest 760 million in 1992.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.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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