Investor Presentation on Kazakhstan's Economic Reforms
External Balances to Continue Improving
Kazakhstan has a strong external position with a long track record of withstanding exogenous shocks while its ongoing
shift to a more diversified economic base will enhance its resilience.
Current Account
Net FDI Inflow by Economic Activity
(US$ Mn)
(% of GDP)
20%
12,000
15%
9,000
10%
6,000
5%
(0.1%)
(3.3%)
(3.1%)
3,000
0%
(5.9%)
(4.0%)
0
-5%
-3,000
-10%
-6,000
-15%
-20%
Other
2015
Goods
Primary Income
Current Account Balance
2016
2017
2018
Services
2019
Secondary Income
Trade Balance
(% of GDP)
24.3%
28.4%
25.8%
18.0%
19.1%
33.4%
32.0%
18.3%
19.1%
22.0%
14.3%
10.0%
10.0%
6.3%
2015
6.7%
2016
Exports
2017
Imports
2018
2019
Trade Balance
2015
2016
■Information And Communication
■Construction And Real Estate Activities
Manufacturing
2017
2018
2019
■Financial And Insurance Activities
Trade, Transportation And Storage
Utilities*
■Mining And Quarrying
Agriculture and Food*
Breakdown of Current Account Receipts
(US$ mn. 2019)
2,513
2,314
7,774
57,740
■Merchandise Exports
■Services Exports
■Primary Income
■Secondary Income
Source: National Bank of Kazakhstan
Note: *Agriculture and Food includes Agriculture, Forestry and Fishing and Accommodation and Food Service Activities, Utilities includes Electricity, Gas, Steam and Air Conditioning Supply and Water Supply;
Sewerage, Waste Management And Remediation Activities
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