Written by Györgyi Mácsai, Members’ Research Service (EPRS) with Raffaele Ventura, GlobalStat, EUI.
This infographic provides an insight into the economic performance of Kazakhstan compared with the European Union (EU) and looks at the trade dynamics between them. Kazakhstan’s unemployment rate recorded a slight but steady decrease, stabilizing at 4-5% in the decade 2010-2020. Inflation rates, on the other hand, show less stability throughout the time series, and in 2022 reached their second-highest value since 2007. Foreign direct investment (FDI) fluctuated, with a notable spike in 2016, when Kazakhstan attracted record levels of FDI in12.5 % of gross domestic product (GDP). This was followed by a steep decrease in the inflows that in subsequent years have never exceeded 5% of the gross domestic product. Despite a significant yearly fluctuation, the EU’s trade with Kazakhstan shows a general upward trend, with a sharp increase after the 2020 global economic slowdown.
Read this infographic on ‘Kazakhstan: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.