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.
Current Account in Kazakhstan averaged -184.36 USD Million from 1995 until 2020, reaching an all time high of 6655.80 USD Million in the first quarter of 2014 and a record low of -3081.30 USD Million in the third quarter of 2007. 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 July of 2020.
Current Account in Kazakhstan is expected to be -500.00 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.