Kazakhstan's gross fixed capital formation (current US$) was US$70.88 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 48.51% from US$47.73 billion in 2014 (4.03% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$70.88 billion | 2024 |
| Five years earlier | US$42.63 billion | 2019 |
| Ten years earlier | US$47.73 billion | 2014 |
| Highest | US$70.88 billion | 2024 |
| Lowest | US$2.73 billion | 1999 |
| Average since 2015 | US$46.4 billion | 2015–2024 |
| First recorded | US$7.58 billion |
What the numbers say
In 2024, Kazakhstan's gross fixed capital formation (current US$) rose 8.5% on 2023 (from US$65.35 billion to US$70.88 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +10.2% and a typical year strayed about 23.1% 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 65.9% in 2001 and the biggest yearly fall was 26.1% in 2016. 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 US$3.56 billion a year. A straight line explains 73% 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 5th highest value of the 37 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.
| Value | Year | |
|---|---|---|
| Kazakhstan | US$70.88 billion | 2024 |
| World | US$28.61 trillion | 2024 |
| Europe & Central Asia | US$7.07 trillion | 2025 |
| Upper middle income | US$10.46 trillion | 2024 |
Closest to Kazakhstan in the 2024 ranking
- China — 1st of 37: US$7.43 trillion
- United States — 2nd of 37: US$6.26 trillion
- Japan — 3rd of 37: US$1.17 trillion
- New Zealand — 5th of 37: US$61.12 billion
- Iraq — 6th of 37: US$40.15 billion
- Oman — 7th of 37: US$27.36 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 33 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2024 | 70,880,954,234 |
| 2023 | 65,353,141,736 |
| 2022 | 49,892,556,800 |
| 2021 | 45,412,635,842 |
| 2020 | 42,289,135,610 |
| 2019 | 42,632,624,792 |
| 2018 | 37,978,516,018 |
| 2017 | 36,192,754,524 |
| 2016 | 31,188,624,328 |
| 2015 | 42,190,871,475 |
Gross fixed capital formation (current US$) in nearby economies
- Albania — US$7.41 billion (2025)
- Armenia — US$6.26 billion (2025)
- Austria — US$136.33 billion (2025)
- Azerbaijan — US$12.37 billion (2025)
- Belarus — US$23.43 billion (2025)
- Belgium — US$173.35 billion (2025)
- Bosnia and Herzegovina — US$7.25 billion (2024)
- Bulgaria — US$26.33 billion (2025)
- Croatia — US$27.04 billion (2025)
- Cyprus — US$8.26 billion (2025)
More economic policy & debt data for Kazakhstan
- Adjusted savings, education expenditure (% of GNI) — 3.26% (2021)
- Adjusted savings, mineral depletion (current US$) — 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$143.89 billion (2025)
Reading data like this
Questions people ask
- What is Kazakhstan's gross fixed capital formation (current US$)?
- US$70.88 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 834.78% from US$7.58 billion in 1992 (7.23% a year on average, compounded). The highest value was US$70.88 billion in 2024 and the lowest US$2.73 billion in 1999.
- How does Kazakhstan rank?
- 5th highest of 37 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current US$) unusual for Kazakhstan?
- In 2024, Kazakhstan's gross fixed capital formation (current US$) rose 8.5% on 2023 (from US$65.35 billion to US$70.88 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.2% and a typical year strayed about 23.1% 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.GDI.FTOT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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