Kazakhstan Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Kazakhstan's domestic credit was 41.32% in 2025, ranked 38th globally. This represents a 2.0% decrease from 2024. Data from World Bank, covering 2015–2025.
Overview
Kazakhstan's domestic credit stood at 41.32% in 2025, a decline of +0.83% from 2024. Based on recent trends, this figure is projected to reach 41.32% by 2025. Kazakhstan ranked 38th globally.
Kazakhstan’s domestic credit to the private sector fell from its all‑time peak of 45.69 percent of GDP in 2015 to a trough of 34.96 percent in 2019, before modestly recovering to 41.32 percent in 2025, ranking 38th globally. The decline after 2015 reflects a combination of lower oil revenues, tighter monetary conditions and a slowdown in private investment, while the recent rebound aligns with a gradual easing of credit constraints and renewed activity in non‑energy sectors. Compared with peers, Kazakhstan’s 2025 level is just below Guatemala’s 42.80 percent and slightly above the Solomon Islands’ 40.45 percent, indicating a middle‑of‑the‑pack position among emerging economies. The 11‑year coverage shows a persistent downward bias, but the upward swing since the 2019 trough suggests that further diversification of the financial system and sustained reforms could keep domestic credit on an improving trajectory.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 42.30% | - | - |
| 2026* trend | 41.81% | - | - |
| 2025* trend | 41.32% | - | - |
| 2025 | 41.32% | −0.83% | #38 |
| 2024 | 42.15% | +2.10% | #10 |
| 2023 | 40.05% | +2.28% | #13 |
| 2022 | 37.77% | −1.27% | #14 |
| 2021 | 39.04% | −1.14% | #11 |
| 2020 | 40.19% | +5.23% | #9 |
| 2019 | 34.96% | −1.37% | #10 |
| 2018 | 36.33% | −3.74% | #9 |
| 2017 | 40.07% | −3.22% | #13 |
| 2016 | 43.30% | −2.40% | #13 |
| 2015 | 45.69% | – | #13 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's domestic credit was 41.32% in 2025. Ranked 38th globally. This represents a 2.0% decrease from the previous year.
Kazakhstan's domestic credit peaked at 45.69% in 2015.
The lowest domestic credit in Kazakhstan was 34.96% in 2019.
Kazakhstan ranks 38th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Kazakhstan's domestic credit is projected to reach 41.32% by 2025 based on trend extrapolation.
The domestic credit of Kazakhstan in 2025 was 41.32%. This ranks 38th in the world.
Cite this page
@misc{historysaid_kazakhstan_domestic-credit,
title = {Kazakhstan Domestic Credit},
url = {https://historysaid.com/kazakhstan/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}