Location: Central Asia
Capital: Astana
Population (2012): 17,522,010
Surface area: 2,724,900 sq km
Currency: Tenge
GDP per capita (2011): US $ 11,503
 
 
 Economy – Overview:
Kazakhstan, geographically the largest of the former Soviet republics, excluding Russia, possesses enormous fossil fuel reserves and plentiful supplies of other minerals and metals, such as uranium, copper, and zinc. It also has a large agricultural sector featuring livestock and grain. In 2002 Kazakhstan became the first country in the former Soviet Union to receive an investment-grade credit rating, and from 2000 through 2007, Kazakhstan’s economy grew more than 9% per year. Extractive industries, particularly hydrocarbons and mining, have been the engines of this growth.
Telecoms are improving, but require considerable investment, as does the information technology base. At the end of 2007, global financial markets froze up and the loss of capital inflows to Kazakhstani banks caused a credit crunch. The subsequent and sharp fall of oil and commodity prices in 2008 aggravated the economic situation, and Kazakhstan plunged into recession. While the global financial crisis took a significant toll on Kazakhstan’s economy, it has rebounded well. GDP increased 7.5% year-on-year in 2011, and 5.0% in 2012.  In response to the crisis, Kazakhstan’s government devalued the tenge (Kazakhstan’s currency) to stabilize market pressures and injected $19 billion in economic stimulus. Rising commodity prices have helped revive Kazakhstan’s economy, which registered 7% growth in 2010. Barring a dramatic decline in oil prices, strong growth is expected to continue in 2011.
 
Human Development Index ranking (2012): 69 out of 186
Net Official Development Assistance (ODA) (2011): US $ 213 million
Top Three Donors of gross ODA: United States, Turkey, Japan
FDI inflows (2012): $ 14,022million
Total External Debt (2011): US $ 124 billion
External debt stock (% of GNI) (2011): 77.9
Merchandise exports (2011): US$ 87,603 million
Terms of trade index (2012): 236.7
Major export commodities: Petroleum oils, crude
Cost to export per container (2013): US $ 4,685
HIPC Position (2012): Not eligible

United Nations Membership date: 2 March 1992

 
New York Mission:
Address: Permanent Mission of the Republic of Kazakhstan
to the United Nations
3 Dag Hammarskjöld Plaza, 305 East 47th Street, 3rd Floor
New York, N.Y. 10017
Telephone: (212) 230-1900, -1192, -1167
Telefax: (212) 230-1172
e-mail: kazakhstan@un.int
website: www.kazakhstanun.org
Correspondence: English
National holiday: 16 December, Independence Day
 
 
Sources: