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 January of 2021.
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.