Kazakhstan’s current account surplus amounts to USD 7.72bn in 2012

By bne IntelliNews April 3, 2013

Kazakhstan’s current account surplus amounted to USD 7.72bn in 2012 (3.8% of GDP), the National Bank of Kazakhstan has informed. Still, the result is lower than in 2011, when current account surplus reached USD 12.28bn. Initial data put this year current account surplus at USD 8.8bn. In Q1/12 surplus made up USD 3.24bn, in Q2/12 – USD 3.97bn, in Q3/12 a deficit of USD 290mn was observed due to lower oil prices at the world market. In Q4/12 current account came back to positive result reaching USD 797mn. The foreign trade goods balance was positive and made up USD 44.67bn. In case of services, a deficit of USD 7.76bn was seen. Investment income balance was also negative and stood at USD 26.26bn. Current transfer deficit reached USD 1.01bn and portfolio while direct investment balance was positive and stood at USD 12.44bn. Portfolio investment balance showed a deficit of USD 17.71bn. The balance of medium and long-term loans and credits was positive and reached USD 4.34bn. Kazakhstan remains vulnerable to external factors (oil prices).

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