BAKU, Azerbaijan, May 18
By Nargiz Sadikhova - Trend:
Kazakhstan’s balance of payments amounted to $1.2 billion in 1Q2020 compared to minus $124.6 million in 1Q2019, preliminary data said, Trend reports with reference to Kazakhstan’s National Bank.
The trade balance amounted to $6.9 billion in 1Q2020 compared to $6.1 billion in 1Q2019. The 1Q2020 trade balance included $13.9 billion of export and $7.02 billion of import.
The services balance amounted to negative $835.8 million in 1Q2020 compared to negative $893.8 million in 1Q2019. The 1Q2020 services balance included $1.4 billion of export and $2.3 billion worth of import.
The preliminary revenue balance was negative $4.9 billion compared to negative $5.8 billion in 1Q2019.
The secondary revenue balance amounted to $51.6 million in 1Q2020 compared to $108 million in 1Q2019.
The capital account balance was $8.6 million in 1Q2020 which indicates a decrease compared to $309.9 million in 1Q2019.
Direct investments balance amounted to negative $2.5 billion in 1Q2020 which is slightly less than in 1Q2019 (negative $3.04 billion).
The portfolio investments amounted to negative $480.6 million which is compared to $3.2 billion in 1Q2019.
The medium and long-term investments amounted to $737.2 million in 1Q2020 which is down compared to $654.2 million in 1Q2019.
Other short-term capital flows amounted to $1.5 billion in 1Q2020 having decreased compared to $2.6 billion in 1Q2019.
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