Central Asia Balance Sheet - The Times Of Central Asia

Kazakhstan Uzbekistan Turkmenistan Kyrgyzstan Tajikistan

A Half-Trillion-Dollar Economy with Expanding Global Trade and Investment Depth

A Half-Trillion-Dollar Economy with Expanding Global Trade
and Investment Depth

C5 GDP 2025
(Total: $543B) Source: World Bank Kz Uz Tm Kg Tj US Billions $0$50$100$150$200$250$300

Source: UNCTAD C5 FDI Inward Stock 2024
(Total: $220B) Kz Uz Tm Kg Tj US Billions $0$40$80$120$160

Note: KZ and TJ data source year is 2004 C5 Exports 2025
(Total: $139B) Kz Uz Tm Kg Tj US Billions $0$20$40$60$80$100

C5 Population 2025
(Total: 83M) Source: World Bank Kz Uz Tm Kg Tj Millions 010203040

Comparative sovereign risk profiles

Comparative sovereign risk profiles C5 Sovereign Credit Ratings, 2026
(Major Rating Agencies) Note: TM is rated by Fitch; all others by S&P Comment: BBB- is the investment Grade Threshold Kz Uz Tm Kg Tj S&P Credit Rating CCC B B+ BB BBB-

C5 Current Account Balance, 2025
(projected) (% of GDP) Source: IMF Kz Uz Tm Kg Tj % of GDP -8 -6 -4 -2 0 2 4

C5: FX Reserves and Eligible SWF Assets vs. Government Debt (% of GDP, Latest Available, Mostly 2023–24) C5: FX Reserves and Eligible SWF Assets vs. Government Debt
(% of GDP, Latest Available, Mostly 2023–24) Sources: World Bank - FX Reserves and External Debt; IMF - SWF and Government Debt Kz Uz Tm Kg Tj 7.5 FX 21.5 SWF 24.8% 8.0 FX 32.6% FX n.a. 4.6% 10.8 FX 36.6% 27.0 FX 29.5% % of GDP 010203040

Government Debt as a % of GDP

SWF Assets

FX Reserves Note FX Reserves: Latest Available (Tajikistan 2023; Turkmenistan FX n/a). SWF: Externally Invested, Liquid Assets with Stabilization Mandate. Government Debt Shown for Context.

C5: Reserves Compared with Public Debt Owed Abroad C5: Reserves Compared with Public Debt Owed Abroad 1× means reserves equal the debt; 2× means reserves are twice as large.
Sources: World Bank - FX Reserves and External Debt; IMF - SWF and Government Debt Kz Uz Tm Kg Tj % of GDP 0x 0.5x 1.0x 1.5x 2.0x 2.5x 3.0x 3.5x 4.0x

Note Reserves include gold and eligible stabilization funds; debt includes public and government-guaranteed debt owed abroad. KZ includes NFRK; UZ excludes UFRD (already counted in reserves; development mandate). KG excludes fund assets because data are unavailable; TM reserve/fund data are unavailable. Sources: NBK, CBU, IMF, World Bank.

C5 Government Debt, 2025
(% of GDP) Source: IMF Kz Uz Tm Kg Tj % of GDP 0%10%20%30%40%

C5 Personal Remittances Received,
2024 (% of GDP) Source: World Bank Note: TM uses matching 1996 remittance and GDP data. Kz Uz Tm Kg Tj % of GDP 0%10%20%30%40%50%

C5 Foreign Aid Dependence, 2023
(% of GNI) Source: World Bank Note: The latest available World Bank year is 2023. Kz Uz Tm Kg Tj % of GNI 0%1%2%3%4%

Last update: 7 July 2026. More data and interactive features are coming soon. Charts will be updated with new figures when IMF, World Bank and UNCTAD data is available.