Photo: imf.org
Kazakhstan has overtaken Russia and China in GDP per capita, according to the International Monetary Fund’s forecast for the current year, published on August 14.
GDP per capita is an indicator that reflects the average level of economic activity per resident of a country. It is calculated by dividing the total GDP by the population. According to IMF data, in 2025 Kazakhstan’s GDP per capita will amount to $14,770, compared to $14,260 in Russia and $13,690 in China.
This is not the first time Kazakhstan has outpaced Russia in this metric — a similar situation occurred in 2015 ($10,500 in Kazakhstan versus $9,200 in Russia).
In Central Asia, Kazakhstan currently ranks first. Turkmenistan is second ($13,340), followed by Uzbekistan ($3,510), Kyrgyzstan ($2,750), and Tajikistan ($1,430).
IMF analysts attribute Kazakhstan’s performance to several factors, writes Forbes.kz, including natural resource wealth, export growth, improvements in the investment climate, and investments in social infrastructure. They also highlight the country’s advantageous geographical location, the development of transport and logistics links, and macroeconomic stability supported by the policies of the National Bank and the government.
