Kazakhstan has overtaken Russia and China to become the regional leader in Central Asia in gross domestic product (GDP) per capita, according to the International Monetary Fund (IMF). The organization’s data shows that Kazakhstan’s GDP per capita reached $14,770 in 2025, a huge achievement, compared to $14,260 in Russia and $13,690 in China.
Kazakhstan, which has the highest per capita income in Central Asia, is followed by Turkmenistan at $13,340, Uzbekistan at $3,510, Kyrgyzstan at $2,750, and Tajikistan at $1,430.
Reasons for the Rise in Kazakhstan’s Per Capita Income
The IMF calculates GDP per capita at current prices, which gives a general idea of purchasing power and overall economic stability. The organization’s analysts attribute Kazakhstan’s progress to its vast natural mineral resources, with energy and mineral exports driving growth. Recent years in the country have marked developments in raw material processing and the production of specialized goods.
The IMF cites ongoing business reforms, foreign investment inflows, and infrastructure development as key factors in increasing competitiveness. The country is keeping pace with the current era, with significant spending on transportation, technology, logistics, education, healthcare, and social services, which are boosting domestic demand and labor productivity.
Another reason for Kazakhstan’s strong performance is its strategic location on trade routes connecting Europe and Asia, as the country’s participation in the Belt and Road Initiative (BRI) and close cooperation with Russia, China, the European Union, and other partners are also seen as important factors behind growth.
The IMF noted that macroeconomic stability is supported by low inflation, a stable tenge (Kazakhstan’s currency) exchange rate, and a balanced budget. The organization also said that National Bank’s policies and the government in Kazakhstan are helping to maintain economic stability despite international challenges.
Source: The Times of Central Asia