Kazakhstan overtakes Russia in GDP per capita for the first time

Experts point out that the Russian economy has slowed significantly this year – to 1.5-2% – including due to the high key rate

This year, Kazakhstan's GDP per capita was $14,770, while in Russia it was $14,260. This follows from information on the website of the International Monetary Fund.

A year earlier, GDP per capita in Russia was higher than in Kazakhstan by $640.

Alfa Bank Chief Economist Natalia Orlova comments:

Natalia Orlova Chief Economist of Alfa Bank

Investment strategist at Aricapital Management Company Sergey Suverov agrees that one of the reasons why Kazakhstan has overtaken Russia in GDP per capita is the slowdown in the Russian economy:

Sergey Suverov, investment strategist at Aricapital Management Company

According to the IMF, Luxembourg is currently the world leader in GDP per capita: almost 141 thousand dollars. The lowest indicator is in South Sudan: 242 dollars.