Kazakhstan's current account surplus ups by 1.7 times in first quarter of 2012

Business Materials 4 May 2012 17:57 (UTC +04:00)

Azerbaijan, Baku, May 4 / Trend E. Kosolapova/

Surplus of Kazakhstan's current account increased by 1.7 times in the first quarter of 2012 compared to the same period of 2011 and amounted to $2.294 billion, the Kazakh National Bank reported on Friday.

Kazakhstan's surplus trade balance increased by 1.8 times in the reporting period to $12.295 billion.

Meanwhile, the balance of services had a deficit of $1.662 billion in January-March 2012 (the deficit increased by 1.8 times).

Kazakhstan's capital and financial account deficit hit $2.079 billion compared to $4.042 surplus in the same period of 2011.