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.
Current Account in Kazakhstan averaged -188.67 USD Million from 1995 until 2019, 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.
Current Account in Kazakhstan is expected to be -1300.00 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.