Kazakhstan surpasses Russia and China in GDP per capita, IMF data shows
IMF ranks Kazakhstan ahead of regional powers with $14,770 per capita income, driven by energy exports and economic reforms
ASTANA, Kazakhstan (MNTV) — Kazakhstan has overtaken both Russia and China in per capita income, emerging as the wealthiest country in Eurasia outside the Baltic states, according to new data from the International Monetary Fund (IMF).
Figures published by the IMF show Kazakhstan’s GDP per capita reached $14,770 in 2025, compared with $14,260 in Russia and $13,690 in China.These figures highlight Kazakhstan’s status as the economic leader not only in Central Asia but also among members of the Commonwealth of Independent States (CIS).
Within the region, Turkmenistan followed with a per capita GDP of $13,340, while Uzbekistan, Kyrgyzstan, and Tajikistan recorded significantly lower figures at $3,510, $2,750, and $1,430 respectively.
Among CIS countries, Kazakhstan also ranked ahead of Georgia ($9,570), Armenia ($8,860), Moldova ($8,260), Belarus ($7,880), Azerbaijan ($7,600), and Ukraine ($6,260). Only Estonia, Lithuania, and Latvia posted higher per capita GDP levels, reflecting their closer integration with the European Union.
Analysts attribute Kazakhstan’s strong performance to its abundant energy and mineral resources, which remain the backbone of the economy.
In recent years, the country has expanded raw material processing and increased production of high value-added goods, boosting export revenues. At the same time, structural reforms and foreign investment have strengthened competitiveness.
The IMF report highlights progress in infrastructure, transport, logistics, and digital technology, along with increased state spending on healthcare, education, and social services.
These factors, combined with low inflation, a steady tenge exchange rate, and prudent fiscal management, have reinforced macroeconomic stability. “The policies of the National Bank and the government are helping to maintain economic stability even amid global challenges,” the IMF noted.
Kazakhstan’s position on key trade corridors linking Europe and Asia, coupled with its participation in China’s Belt and Road Initiative and partnerships with the EU, Russia, and other powers, further bolster its outlook.
According to IMF forecasts, Central Asian economies as a whole are expected to grow faster than the global average in 2025, with Kazakhstan continuing to serve as the region’s engine of growth.
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