Kazakhstan Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Kazakhstan's foreign reserves was $44.0B in 2025, ranked 48th globally. This represents a 4.1% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Kazakhstan's foreign reserves stood at $44.0B in 2025, a decline of +$1.9B from 2024. Based on recent trends, this figure is projected to reach $44.0B by 2025. Kazakhstan ranked 48th globally.
Kazakhstan’s foreign exchange reserves have risen dramatically from a low of 711,198,429.33 in 1993 to an all‑time peak of 45,807,523,139.26 in 2024, reflecting a sustained accumulation of external assets over 33 years. By 2025 the stock stood at 43,950,486,258.32, ranking the country 48th globally and placing it just below Chile’s 45,739,885,159.18 and slightly ahead of Portugal’s 42,977,751,739.53. The steep upward trajectory began in the early 2000s as Kazakhstan leveraged oil‑export revenues and diversified its fiscal buffers, while the modest decline from the 2024 peak to 2025 likely mirrors temporary outflows linked to regional currency volatility and debt servicing. Compared with peer economies such as Belgium, whose reserves total 44,314,942,276.44, Kazakhstan’s buffer remains robust but sensitive to commodity price swings. Continued prudence in reserve management and stabilization of global energy markets will be decisive in determining whether the upward trend can be sustained.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $48.3B | - | - |
| 2026* trend | $46.1B | - | - |
| 2025* trend | $44.0B | - | - |
| 2025 | $44.0B | −$1.9B | #48 |
| 2024 | $45.8B | +$9.8B | #42 |
| 2023 | $36.0B | +$888.5M | #49 |
| 2022 | $35.1B | +$698.1M | #50 |
| 2021 | $34.4B | −$1.3B | #54 |
| 2020 | $35.6B | +$6.7B | #52 |
| 2019 | $29.0B | −$2.0B | #52 |
| 2018 | $31.0B | +$229.8M | #49 |
| 2017 | $30.7B | +$1.1B | #48 |
| 2016 | $29.6B | +$1.7B | #47 |
| 2015 | $27.9B | −$1.4B | #47 |
| 2014 | $29.3B | +$4.6B | #48 |
| 2013 | $24.7B | −$3.6B | #50 |
| 2012 | $28.3B | −$915.9M | #49 |
| 2011 | $29.2B | +$950.6M | #48 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's foreign reserves was $44.0B in 2025. Ranked 48th globally. This represents a 4.1% decrease from the previous year.
Kazakhstan's foreign reserves peaked at $45.8B in 2024.
The lowest foreign reserves in Kazakhstan was $711.2M in 1993.
Kazakhstan ranks 48th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Kazakhstan's foreign reserves is projected to reach $44.0B by 2025 based on trend extrapolation.
Kazakhstan's foreign reserves was approximately 43.95 billion ($44.0B) in 2025.
The foreign reserves of Kazakhstan in 2025 was $44.0B. This ranks 48th in the world.
Cite this page
@misc{historysaid_kazakhstan_reserves,
title = {Kazakhstan Foreign Reserves},
url = {https://historysaid.com/kazakhstan/reserves/},
publisher = {HistorySaid},
year = {2026}
}