Kazakhstan Listed Companies
Number of listed domestic companies CM.MKT.LDOM.NO
Kazakhstan's listed companies was 75 in 2025, ranked 49th globally. This represents a 5.2% decrease from 2024. Data from World Bank, covering 1997–2025.
Overview
Kazakhstan's listed companies stood at 75 in 2025, a decline of +4 from 2024. Based on recent trends, this figure is projected to reach 75 by 2025. Kazakhstan ranked 49th globally.
Kazakhstan’s listed‑company count rose from an all‑time trough of 11.00 in 1997 to a peak of 112.00 in 2021, reflecting an expansion of its capital‑market infrastructure over 26 years. By 2025 the number had settled at 74.90, placing the country 49th globally and closely matching peers such as Tunisia (74.60) and Croatia (76.60). The steep climb after the late‑1990s coincided with reforms that liberalised equity financing and attracted foreign investment, while the modest decline from the 2021 high suggests a recent slowdown in new listings, possibly linked to tighter monetary conditions and regional geopolitical uncertainty. Continued development of secondary‑market liquidity, along with incentives for small‑ and medium‑sized enterprises to go public, could revive growth and push the count beyond the 2021 peak in the coming years.
Data & projection
| Year | Listed Companies | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 59 | - | - |
| 2026* trend | 67 | - | - |
| 2025* trend | 75 | - | - |
| 2025 | 75 | −4 | #49 |
| 2024 | 79 | −12 | #25 |
| 2023 | 91 | −14 | #28 |
| 2022 | 105 | −7 | #32 |
| 2021 | 112 | +3 | #35 |
| 2020 | 109 | +5 | #37 |
| 2019 | 104 | +7 | #33 |
| 2018 | 97 | +7 | #32 |
| 2017 | 90 | +5 | #28 |
| 2016 | 85 | +7 | #29 |
| 2015 | 78 | +10 | #27 |
| 2014 | 68 | −4 | #24 |
| 2013 | 72 | −2 | #27 |
| 2012 | 74 | +11 | #26 |
| 2011 | 63 | +2 | #24 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw listed companies improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's listed companies was 75 in 2025. Ranked 49th globally. This represents a 5.2% decrease from the previous year.
Kazakhstan's listed companies peaked at 112 in 2021.
The lowest listed companies in Kazakhstan was 11 in 1997.
Kazakhstan ranks 49th globally in listed companies as of 2025.
The World Bank indicator code is CM.MKT.LDOM.NO. Data sourced from World Bank.
Kazakhstan's listed companies is projected to reach 75 by 2025 based on trend extrapolation.
The listed companies of Kazakhstan in 2025 was 75. This ranks 49th in the world.
Cite this page
@misc{historysaid_kazakhstan_listed-companies,
title = {Kazakhstan Listed Companies},
url = {https://historysaid.com/kazakhstan/listed-companies/},
publisher = {HistorySaid},
year = {2026}
}