Kazakhstan's current account surplus in the first half of 2026 amounted to $2.4 billion, or 1.6% of GDP, the Ministry of National Economy reported, citing National Bank data.
A year earlier, the same period saw a deficit of $3.6 billion. Thus, the current account balance improved by $6 billion.
The main driver of the improvement was export growth outpacing imports. The second quarter contributed the most, when the current account surplus reached $3.2 billion.
Between 2016 and 2025, Kazakhstan's current account was in deficit in nine out of ten years. The average deficit was around 2.7% of GDP. "At the same time, trade in goods annually generated a surplus, a significant portion of which was offset by income payments to foreign investors," the statement said.
After a surplus of $6.4 billion in 2022, the current account returned to deficit. The 2025 result was affected by lower oil prices and high import volumes, the Ministry of National Economy noted.
