BAKU, Azerbaijan, April 1. The deficit worth $5.7 billion was observed in Kazakhstan's current account balance of payments in 2021 compared to $6.6 billion in 2020, Trend reports citing the National Bank of Kazakhstan.
The decrease in the current account deficit is connected with a twofold increase in the trade surplus due to an increase in export of goods.
The current account of the balance of payments for 2021 remained unchanged compared to the preliminary data published in January 2022.
The export of goods increased by 27.5 percent in 2021 compared to 2020 to $60.3 billion. The increase is mainly connected with the growth in export of oil and gas condensate.
The import of goods increased by 7.1 people up to $39.7 billion, which is stipulated by big import of consumer and intermediate goods. As a result, the trade surplus doubled up to $20.7 billion.
The deficit in the balance of primary income increased by 60.5 percent and reached $24.2 billion as of 2021. The deficit increased as a result of the growth in foreign direct investors’ income.
Net inflow on the financial account (excluding reserve assets) for 2021 was $3.0 billion ($14.8 billion in 2020).
The residents' liabilities increased compared to their assets as a result of the net inflow of capital upon financial operations or net borrowing from other countries.
The reserve assets (excluding the assets of the National Fund of the Republic of Kazakhstan) were estimated at $34.4 billion as of January 1, 2022.