Kazakhstan’s External Debt Amounts to $164.7 Billion
Photo: Elements.envato.com, ill. purposes
As of January 1, 2025, Kazakhstan’s external debt totaled $164.7 billion, Orda.kz reports. This places Kazakhstan third among the Eurasian Economic Union (EAEU) countries in terms of total external debt.
According to data from the Eurasian Economic Commission, Kazakhstan’s debt grew by 0.7% compared to the previous year — an increase of $1.097 billion. The banking sector recorded the sharpest rise, with external debt increasing by 17.2% year-on-year.
In terms of structure, 12% of Kazakhstan’s external debt is short-term, while 88% consists of long-term obligations. Kazakhstan ranks first among EAEU countries in external debt related to direct investment and intercompany lending, and third in debt held by government entities.
While external debt is increasing in absolute terms, it is declining relative to GDP.
Over the past 15 years, the debt-to-GDP ratio has dropped from 79.9% to 57.2%.
Original Author: Nikita Drobny
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
