Kazakhstan Country Analysis

Comprehensive Overview of Central Asia's Largest Economy

Executive Summary

Kazakhstan stands as the world's largest landlocked country and the ninth-largest nation globally, representing a significant economic and geopolitical force in Central Asia. With a population of approximately 20.6 million people spread across 2.7 million square kilometers, Kazakhstan maintains one of the world's lowest population densities at 7.4 people per square kilometer.

Population

20.6M

Million people

GDP

$288.1B

Billion USD (2024)

Area

2.7M

Million km²

GDP Growth

4.8%

2024 Growth Rate

Geography & Location

Strategic Position

Kazakhstan occupies a strategic position in Central Asia, sharing extensive borders with Russia (7,644 km), China (1,765 km), Kyrgyzstan (1,212 km), Uzbekistan (2,330 km), and Turkmenistan (413 km). The country also has a 1,894 km coastline along the Caspian Sea.

Physical Features

  • Vast flat steppe from Volga to Altai Mountains
  • Large central desert region
  • Elevation: -132m to 6,995m
  • Continental climate with extreme temperatures

Natural Resources

Energy: Major oil and natural gas reserves
Uranium: World's largest deposits (40% of global production)
Minerals: Coal, iron ore, copper, lead, zinc, gold
Agriculture: 77.4% of land suitable for farming

Demographics & Society

Population Structure

  • Median Age: 32.3 years
  • Growth Rate: 0.89%
  • Birth Rate: 16.4 per 1,000
  • Life Expectancy: 74.4 years
  • Urbanization: 58.2%

Major Cities

  • Almaty: 2.1 million (commercial center)
  • Astana: 1.4 million (capital)
  • Shymkent: 1.0 million
  • Aktobe: 500,000+

Ethnic Composition

Kazakh: 70%
Russian: 15.8%
Uzbek: 3.4%
Other: 10.8%

Languages & Religion

Official Languages: Kazakh (state), Russian (official)

Religion: Muslim 70.2%, Russian Orthodox 26.2%, Other 3.6%

Political System

Government Structure

System: Presidential Republic

Executive Branch

  • President: Kassym-Jomart Tokayev
  • Prime Minister: Alikhan Smailov
  • Council of Ministers

Legislative Branch

  • Senate: 49 seats
  • Assembly (Mazhilis): 98 seats

Administrative Divisions

14 regions (oblyslar) plus 3 cities with special status: Almaty, Astana, and Shymkent

Recent Political Developments

  • Continued political reforms under President Tokayev
  • Strengthening ties with Russia in 2024
  • Potential selection of Russia's Rosatom for nuclear power plant
  • Focus on maintaining political stability

Economic Overview

2024 Economic Performance

Kazakhstan's economy demonstrated strong resilience in 2024, with GDP growing by 4.8%, driven by robust consumer spending and investment.

GDP per Capita

$13,991

USD (2024)

Inflation

8.6%

End of 2024

Unemployment

4.6%

Stable rate

Current Account

-1.5%

% of GDP

Economic Structure by Sector

Services: 54.8%
Industry: 34.1%
Agriculture: 11.1%

Key Industries

  • Oil and gas extraction and refining
  • Mining (uranium, copper, zinc, gold)
  • Agricultural processing
  • Manufacturing
  • Transportation and logistics

Major Trading Partners

Exports: China, Italy, Russia, Netherlands, Turkey

Imports: Russia, China, Germany, Turkey, United States

Energy Sector

Oil & Gas

  • Proven Reserves: ~30 billion barrels
  • Production: ~1.8 million barrels/day
  • Major Fields: Tengiz, Karachaganak, Kashagan
  • Export Routes: CPC Pipeline, various alternatives

Renewable Energy Goals

Target: 15% of electricity from renewables by 2030

Focus on solar and wind energy development

Uranium Leadership

World's Largest Producer

40% of global uranium production

1.5 million tonnes in reserves

Energy Infrastructure

  • Extensive pipeline networks
  • Power generation facilities
  • Cross-border energy connections
  • Strategic energy storage facilities

Current Affairs (2024-2025)

Economic Developments

  • Strong 4.8% GDP growth in 2024
  • Rising inflation concerns (8.6% to 9.4%)
  • Policy rate increased to 16.5%
  • Focus on economic diversification

Infrastructure Projects

  • Middle Corridor trade route development
  • Transportation network modernization
  • Energy sector investments
  • Digital infrastructure expansion

International Relations

  • Strengthening ties with Russia
  • Nuclear power plant discussions
  • China-Europe transit corridor role
  • Balanced foreign policy approach

Social Initiatives

  • Public health tax policies
  • Women's economic empowerment
  • Regional development programs
  • Education system modernization

Future Outlook

Key Challenges

  • Economic Diversification: Reducing oil/gas dependence
  • Infrastructure: Modernizing transport and communications
  • Environment: Balancing growth with sustainability
  • Regional Stability: Managing geopolitical tensions
  • Social Development: Reducing regional inequalities

Strategic Opportunities

  • Transit Hub: China-Europe trade corridor
  • Renewable Energy: Solar and wind potential
  • Agriculture: Food production and exports
  • Mining: Critical minerals for global markets
  • Digital Economy: Technology sector growth

2030 Vision

Strategic Goal: Double the economy by 2030 from 2023 levels

This ambitious target requires sustained growth, structural reforms, and successful diversification beyond natural resources while maintaining political stability and balanced international relationships.