Kazakhstan M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Kazakhstan's m2 money supply growth was 15.17% in 2025, ranked 28th globally. This represents a 21.0% decrease from 2024. Data from World Bank, covering 1994–2025.
Overview
Kazakhstan's m2 money supply growth stood at 15.17% in 2025, a decline of +4.04pp from 2024. Based on recent trends, this figure is projected to reach 15.17% by 2025. Kazakhstan ranked 28th globally.
Kazakhstan’s M2 money supply grew by 15.17 percent in 2025, ranking it 28th globally and placing it just below peers such as Timor‑Leste (15.67 percent) and Cambodia (14.17 percent). The current expansion follows a long‑term upward trajectory after a dramatic contraction of –14.13 percent in 1998, the deepest trough recorded since the series began in 1994. The all‑time peak of 575.98 percent in 1994 reflects the post‑Soviet monetary liberalisation that flooded the economy with new deposits, a level never approached again in the subsequent three decades. Over the 32‑year coverage period, Kazakhstan’s money‑supply growth has moderated but remains firmly above the global median, indicating a relatively accommodative monetary stance amid steady macro‑economic reforms. Continued fiscal consolidation and a shift toward inflation targeting could temper the pace of M2 expansion, while any resurgence of external shocks or commodity price volatility may reignite higher growth rates.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 14.29% | - | - |
| 2026* trend | 14.73% | - | - |
| 2025* trend | 15.17% | - | - |
| 2025 | 15.17% | −4.04pp | #28 |
| 2024 | 19.21% | +7.53pp | #84 |
| 2023 | 11.68% | −2.26pp | #88 |
| 2022 | 13.94% | −6.85pp | #103 |
| 2021 | 20.79% | +3.93pp | #123 |
| 2020 | 16.86% | +14.42pp | #94 |
| 2019 | 2.44% | −4.53pp | #24 |
| 2018 | 6.97% | +8.70pp | #73 |
| 2017 | -1.73% | −17.34pp | #8 |
| 2016 | 15.61% | −18.17pp | #123 |
| 2015 | 33.78% | +23.40pp | #152 |
| 2014 | 10.38% | +0.16pp | #85 |
| 2013 | 10.22% | +2.32pp | #78 |
| 2012 | 7.90% | −7.06pp | #59 |
| 2011 | 14.96% | +1.67pp | #102 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's m2 money supply growth was 15.17% in 2025. Ranked 28th globally. This represents a 21.0% decrease from the previous year.
Kazakhstan's m2 money supply growth peaked at 575.98% in 1994.
The lowest m2 money supply growth in Kazakhstan was -14.13% in 1998.
Kazakhstan ranks 28th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Kazakhstan's m2 money supply growth is projected to reach 15.17% by 2025 based on trend extrapolation.
The m2 money supply growth of Kazakhstan in 2025 was 15.17%. This ranks 28th in the world.
Cite this page
@misc{historysaid_kazakhstan_m2-growth,
title = {Kazakhstan M2 Money Supply Growth},
url = {https://historysaid.com/kazakhstan/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}