Kazakhstan's current account deficit rose to USD 5.5 billion in the third quarter of 2020 from USD 3.2 billion in the same month of the previous year, a preliminary estimate showed. It was the widest current account shortfall since comparable data began in 1993, amid the pandemic crisis. The goods account shifted to a deficit of USD 1 billion compared to a surplus of 3 billion a year ago, as exports and imports fell 35.9 percent and 10.4 percent, respectively. Also, the services gap widened to USD 0.98 billion from USD 0.75 billion. Meantime, the primary income deficit went down to USD 3.8 billion from USD 5.7 billion in the third quarter of 2019, while the secondary income surplus fell slightly to USD 0.26 billion from USD 0.31 billion. source: The National Bank of Kazakhstan

Current Account in Kazakhstan averaged -224.02 USD Million from 1995 until 2020, reaching an all time high of 6862.60 USD Million in the first quarter of 2014 and a record low of -5500.10 USD Million in the third quarter of 2020. This page provides - Kazakhstan Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Current Account in Kazakhstan is expected to be 1140.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Kazakhstan to stand at 1140.00 in 12 months time. In the long-term, the Kazakhstan Current Account is projected to trend around 950.00 USD Million in 2021, according to our econometric models.

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Kazakhstan Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-5500.10 -1123.40 6862.60 -5500.10 1995 - 2020 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-13 11:00 AM Q4 $-1.28B $-2.83B $0.8B
2020-05-18 07:05 AM Q1 $1.2B $-1.87B $-1.3B
2020-08-13 11:00 AM Q2 $0.1B $2.0B $-0.5B
2020-11-09 11:00 AM Q3 $-5.5B $-1.1B $-0.5B
2021-02-13 11:00 AM Q4
2021-05-18 07:05 AM Q1
2021-08-13 11:00 AM Q2
2021-11-09 11:00 AM Q3


News Stream
Kazakhstan Posts Record Current Account Gap in Q3
Kazakhstan's current account deficit rose to USD 5.5 billion in the third quarter of 2020 from USD 3.2 billion in the same month of the previous year, a preliminary estimate showed. It was the widest current account shortfall since comparable data began in 1993, amid the pandemic crisis. The goods account shifted to a deficit of USD 1 billion compared to a surplus of 3 billion a year ago, as exports and imports fell 35.9 percent and 10.4 percent, respectively. Also, the services gap widened to USD 0.98 billion from USD 0.75 billion. Meantime, the primary income deficit went down to USD 3.8 billion from USD 5.7 billion in the third quarter of 2019, while the secondary income surplus fell slightly to USD 0.26 billion from USD 0.31 billion.
2020-11-09
Kazakhstan Current Account Swings to Surplus
Kazakhstan posted a current account surplus of USD 0.1 billion in the second quarter of 2020, compared to a deficit of USD 1.6 billion in the same period last year, a preliminary estimate showed. The secondary income surplus increased to USD 0.2 billion from USD 0.1 billion a year ago, while the primary income gap fell sharply to USD 2.1 billion from USD 5.9 billion. Meanwhile, the services deficit was unchanged at USD 0.9 billion while the goods surplus narrowed to USD 2.9 billion from USD 5.1 billion.
2020-08-13
Kazakhstan Posts First Current Account Surplus since 2018
Kazakhstan posted a current account surplus of USD 1.20 billion in the first quarter of 2020, compared to a USD 0.1 billion deficit in the same period a year ago, a preliminary estimate showed. This was the first current account surplus since the last quarter of 2018. The goods surplus rose to USD 6.91 billion from USD 6.18 billion a year earlier and the services deficit narrowed to USD 0.84 billion from USD 0.89 billion. Meantime, the primary income gap decreased to USD 4.92 billion from USD 5.52 billion while the secondary income surplus remained barely unchanged at USD 0.10 billion.
2020-05-18
Kazakhstan Current Account Swings to Deficit in Q4
Kazakhstan posted a current account gap of USD 1.28 billion in the fourth quarter of 2019 from a USD 1.53 billion surplus in the corresponding period of the previous year, a preliminary estimate showed. The goods surplus narrowed to USD 4.58 billion from USD 6.98 billion a year earlier while the primary income shortfall widened to USD 4.89 billion from USD 4.41 billion. In addition, the secondary income surplus narrowed to USD 19.4 million from USD 344.1 million. On the other hand, the services gap decreased to USD 0.99 billion from USD 1.38 billion in the same period of 2018. Considering full 2019, the country’s current account gap widened sharply to USD 5.54 billion from USD 0.29 billion in 2018.
2020-02-13

Kazakhstan Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).