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Kazakhstan
32
Moderate
Risk
Risk
#104
of 171
Safer
than 39% of currencies
36
global avg score
$583
$1,000 in 5 years
Impact on Citizens
Citizens need their money to grow at least 12.9% per year to not lose purchasing power. Every KZT 100 saved today will only buy 90 worth of goods next year.See savings calculator ↓
Economic Indicators
Inflation Rate
11.4%
Debt to GDP
20.9%
GDP Growth
6.5%
Broad Money / GDP
33.1%
Banking & Stability
NPL Ratio
3.6%
Reserve Months
7.4
Current Account
-4.1%
FX Volatility
18.8
Governance & Markets
Rule of Law
Not available
Black Market Premium
Not available
Capital Controls
14.0
Peg Fragility
Not available
Currency Structure
Global Currency Role
70.0
FX Regime
managed float
Data Coverage
75.0%
Savings Impact Calculator
KZT
Holding cash in KZT11.4% inflation
KZT 583−KZT 417 (42% purchasing power lost)
Your KZT 1,000 buys 42% less in 5 years
What if you invested KZT 1,000 instead? (5yr, in KZT terms)
USD-denominated assets gain an additional ~8.4%/yr from expected KZT depreciation vs USD
Hold USD Cash
KZT 1300
+KZT 300
+5.4%/yr net in KZT
S&P 500
KZT 2326
+KZT 1326
range: KZT 1125–KZT 4383
10% USD return + 8.4% FX · ±16% vol
Gold
KZT 2136
+KZT 1136
range: KZT 673–KZT 5453
8% USD return + 8.4% FX · ±24% vol
Bitcoin
KZT 4223
+KZT 3223
range: KZT 315–KZT 23.1k
25% USD return + 8.4% FX · ±54% vol
All values in KZT. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~8.4%/yr based on the inflation differential between Kazakhstan (11.4%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.
Data last updated: 2026-07-03