ASTANA, Kazakhstan, April 18. The International Monetary Fund (IMF) has published forecasts for the current account deficit in Kazakhstan for 2024 and 2025, Trend reports.
According to the forecast, the current account deficit is expected to decline over the forecast period.
Thus, IMF analysts expect Kazakhstan's current account deficit to amount to -4.5 percent of GDP in 2024.
Moreover, in 2025, the deficit will decrease and amount to -2.7 percent of GDP.
Meanwhile, Kazakhstan's current account deficit was $8.7 billion at the end of 2023 (compared to a $7.1 billion surplus in 2022). The trade balance surplus amounted to $20.2 billion; the decrease in the surplus was due to an increase in imports of goods against the backdrop of a decrease in exports.
Exports of goods decreased by 6.7 percent and amounted to $79.9 billion. Imports of goods increased by 17.9 percent and amounted to $59.7 billion in the country.
