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Kazakhstan
32
Moderate
Risk
Risk
#109
of 171
Safer
than 36% of currencies
37
global avg score
$659
$1,000 in 5 years
Impact on Citizens
Citizens need to earn at least 10.2% per year on savings to stay ahead. Money sitting in a regular account is slowly losing value.See savings calculator ↓
Economic Indicators
Inflation Rate
8.7%
Debt to GDP
20.9%
GDP Growth
5.0%
Broad Money / GDP
33.4%
Banking & Stability
NPL Ratio
2.9%
Reserve Months
5.3
Current Account
-2.7%
FX Volatility
20.2
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 KZT8.7% inflation
KZT 659−KZT 341 (34% purchasing power lost)
Your KZT 1,000 buys 34% less in 5 years
What if you invested KZT 1,000 instead? (5yr, in KZT terms)
USD-denominated assets gain an additional ~5.7%/yr from expected KZT depreciation vs USD
Hold USD Cash
KZT 1142
+KZT 142
+2.7%/yr net in KZT
S&P 500
KZT 2072
+KZT 1072
range: KZT 985–KZT 3961
10% USD return + 5.7% FX · ±16% vol
Gold
KZT 1899
+KZT 899
range: KZT 580–KZT 4949
8% USD return + 5.7% FX · ±24% vol
Bitcoin
KZT 3813
+KZT 2813
range: KZT 265–KZT 21.5k
25% USD return + 5.7% FX · ±54% vol
All values in KZT. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~5.7%/yr based on the inflation differential between Kazakhstan (8.7%) 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: 2026-05-19