Kazakhstan Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Kazakhstan's credit to gdp was 27.00% in 2025, ranked 110th globally. This represents a 1.0% decrease from 2024. Data from World Bank, covering 2015–2025.
Overview
Kazakhstan's credit to gdp stood at 27.00% in 2025, a decline of +0.28% from 2024. Based on recent trends, this figure is projected to reach 27.00% by 2025. Kazakhstan ranked 110th globally.
Kazakhstan’s credit‑to‑GDP ratio fell from an all‑time peak of 37.73 % in 2015 to a trough of 24.27 % in 2019 before rising again to 27.00 % in 2025, placing the country 110th globally. The decline during the 2015‑2019 period reflects a contraction in external borrowing amid falling commodity prices, while the modest rebound after 2019 coincides with a gradual recovery in the mining sector and tighter fiscal consolidation. Compared with peers of similar rank, Kazakhstan’s 2025 figure is slightly below Moldova’s 27.43 % and marginally above Latvia’s 26.98 %, suggesting a comparable level of leverage among emerging economies with diversified export bases. The 11‑year coverage shows a net reduction of 10.73 percentage points, indicating a sustained effort to lower debt reliance. If global demand for hydrocarbons remains stable and domestic reforms improve fiscal buffers, the credit‑to‑GDP ratio is likely to continue its gradual ascent toward the mid‑high twenties.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 27.66% | - | - |
| 2026* trend | 27.33% | - | - |
| 2025* trend | 27.00% | - | - |
| 2025 | 27.00% | −0.28% | #110 |
| 2024 | 27.28% | +1.23% | #31 |
| 2023 | 26.05% | +1.02% | #45 |
| 2022 | 25.02% | −0.99% | #46 |
| 2021 | 26.01% | +0.37% | #48 |
| 2020 | 25.64% | +1.37% | #46 |
| 2019 | 24.27% | −1.67% | #53 |
| 2018 | 25.93% | −3.26% | #56 |
| 2017 | 29.19% | −3.84% | #59 |
| 2016 | 33.03% | −4.70% | #65 |
| 2015 | 37.73% | – | #77 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's credit to gdp was 27.00% in 2025. Ranked 110th globally. This represents a 1.0% decrease from the previous year.
Kazakhstan's credit to gdp peaked at 37.73% in 2015.
The lowest credit to gdp in Kazakhstan was 24.27% in 2019.
Kazakhstan ranks 110th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Kazakhstan's credit to gdp is projected to reach 27.00% by 2025 based on trend extrapolation.
The credit to gdp of Kazakhstan in 2025 was 27.00%. This ranks 110th in the world.
Cite this page
@misc{historysaid_kazakhstan_credit-to-gdp,
title = {Kazakhstan Credit to GDP},
url = {https://historysaid.com/kazakhstan/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}