경제 및 산업 개요
Kazakhstan is the largest landlocked country in the world and the dominant economy in Central Asia, with a nominal GDP of approximately $291 billion in 2024. The economy is heavily driven by hydrocarbons, with oil and gas revenues accounting for roughly 35 percent of GDP and around 75 percent of export earnings. Beyond oil, Kazakhstan is a globally significant producer of uranium, wheat, and a range of metals and minerals, and the government has pursued diversification into financial services, transport logistics, and digital technology. The Kazakhstan Stock Exchange (KASE), headquartered in Almaty, serves as the principal equities venue, supplemented by the Astana International Financial Centre (AIX) which opened in 2018 and operates under English common law. Real GDP grew 5.0 percent in 2024, supported by strong domestic consumption and resource-sector output, while inflation remained elevated at around 8.6 percent.
주요 섹터
Kazakhstan에 대한 모든 것 →거시경제
| GDP 명목, USD | $291.48B |
| GDP 성장률 실질, 연간 | 5.0% |
| 인플레이션 연간 | 8.6% |
| 인구 명 | 20.4M |
| 1인당 GDP USD | $14,459 |
| 시가총액 상장 총액, USD | $63.70B |
| 시가총액 / GDP | 21.9% |
| 실업률 | 4.7% |
| 상장 기업 수 | 90 |
| 거래소 | Kazakhstan Stock Exchange, headquartered in Almaty and operating as a joint-stock company since 1993. (KASE) |
데이터 기준 연도: 2024. 출처: Kazakhstan Stock Exchange (KASE) official annual results release, January 2025, World Bank Kazakhstan GDP data and MPO report, 2025, IMF World Economic Outlook database, 2024-2025, FocusEconomics Kazakhstan macroeconomic indicators, Astana Times, KASE Day report, January 2025, MSCI Kazakhstan Index factsheet (msci.com/indexes/index/136637), Statista Kazakhstan unemployment rate series, The Global Economy Kazakhstan stock market capitalization data, Bank of Scotland Trade / Credit Agricole Kazakhstan economic overview, Wikipedia Economy of Kazakhstan, StockAnalysis.com KASE market cap data, Worldometer Kazakhstan GDP 2024-2025, Astana International Financial Centre (AIFC) chartbook, January 2025. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
주요 상장 기업
시가총액 기준 해당 국가 주요 거래소의 최대 기업 목록.
| # | 기업 | 섹터 | 시가총액USD | 미국 상장 |
|---|---|---|---|---|
| 1 | National Company KazMunayGas JSCKMGZ · KASE | Energy · Oil and Gas | $17.80B | — |
| 2 | Kaspi.kz JSCKSPI · KASE | Financial Services · Fintech and E-commerce | $15.70B | KSPI |
| 3 | National Atomic Company Kazatomprom JSCKZAP · KASE | Mining · Uranium | $9.40B | — |
| 4 | Halyk Savings Bank of Kazakhstan JSCHSBK · KASE | Financial Services · Banking | $6.50B | — |
| 5 | Freedom Holding Corp.FRHC · KASE | Financial Services · Brokerage | $3.00B | FRHC |
| 6 | ForteBank JSCFRTB · KASE | Financial Services · Banking | $1.02B | — |
| 7 | Bank CenterCredit JSCCCBN · KASE | Financial Services · Banking | $835.00M | — |
| 8 | Kcell JSCKCEL · KASE | Telecommunications | $636.00M | — |
| 9 | KazTransOil JSCKZTO · KASE | Energy · Oil Pipeline Transportation | $487.00M | — |
| 10 | Kazakhtelecom JSCKZTK · KASE | Telecommunications | $485.00M | — |
| 11 | KEGOC JSCKEGC · KASE | Utilities · Electricity Transmission | $420.00M | — |
| 12 | Air Astana JSCAIRA · KASE | Industrials · Airlines | $350.00M | — |
| 13 | Kaspi Bank JSCCSBN · KASE | Financial Services · Banking | $280.00M | — |
| 14 | Jusan Bank JSCJBNK · KASE | Financial Services · Banking | $210.00M | — |
| 15 | KazMunayGas Exploration Production JSCRDGZ · KASE | Energy · Oil and Gas Exploration | $190.00M | — |
| 16 | Kazakhstan Stock Exchange JSCKASE · KASE | Financial Services · Exchange Operations | $128.00M | — |
| 17 | Kazpost JSCKZPS · KASE | Industrials · Postal and Logistics | $80.00M | — |
| 18 | Shymkentcement JSCSHCK · KASE | Materials · Building Materials | $60.00M | — |
| 19 | Kazakhstani Leasing Company JSCKZLC · KASE | Financial Services · Leasing | $45.00M | — |
| 20 | Nurbank JSCNRBN · KASE | Financial Services · Banking | $38.00M | — |
미국 거래 ETF
이 시장에 대한 익스포저를 제공하는 미국 상장 펀드, 많은 미국 투자자에게 가장 간편한 접근 방법입니다.
| ETF | 범위 | 보수율연 % | 익스포저펀드 % |
|---|---|---|---|
| KAZVanEck Kazakhstan ETF · VanEck | 단일 국가 No U.S. quote | 0.59% | 100% |
| EMFMGlobal X Next Emerging & Frontier ETF · Global X | 신흥 시장 전체 | 0.58% | — |
| FMiShares MSCI Frontier and Select EM ETF · BlackRock iShares | 신흥 시장 전체 | 0.79% | — |
| FMQQFMQQ The Next Frontier Internet ETF · FMQQ Index LLC | 지역별 | 0.86% | — |
현지 거래소 및 접근
| 거래소 | Kazakhstan Stock Exchange, headquartered in Almaty and operating as a joint-stock company since 1993. |
| 코드 | KASE |
| 웹사이트 | kase.kz |
| 통화 | KZT |
현지 브로커 접근
Retail foreign investors can access KASE-listed securities through international brokers offering frontier-market coverage, or through local Kazakhstani brokers such as Freedom Finance (the local arm of Freedom Holding Corp.) and Halyk Finance. The AIX exchange operates under English common law and uses the AIFC Court, which may offer a more familiar legal framework for international investors. Settlement on KASE is conducted in Kazakhstani tenge, and some securities are also accessible via GDRs traded on the London Stock Exchange. Currency controls exist and cross-border capital flows may require regulatory approval.
해외 시장 접근 가능 글로벌 브로커
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
편의를 위해 나열된 것으로, 추천이 아닙니다. 이용 가능한 시장, 수수료 및 계좌 개설 조건은 브로커와 거주 국가에 따라 다릅니다.
이주 및 거주권
투자 비자 / 거주권 프로그램
승인 No formal investment-migration programme
Kazakhstan does not operate a formal golden visa or citizenship-by-investment programme. Foreign nationals can obtain long-term residency through investment under a general investment residency permit, but there is no standardised published investment-migration scheme equivalent to formal golden visa programmes in other jurisdictions. High-net-worth individuals typically pursue residency through business registration or employment-based permits.
신청에 도움이 필요하신가요? 다음과 같은 투자이민 전문 자문사를 활용하세요: Henley & Partners.
외국인 투자자 접근
Kazakhstan permits foreign nationals to register businesses and obtain long-term residence permits linked to business or employment activity. The country offers a relatively low cost of living compared to Western Europe. Almaty is the commercial hub, while Astana is the political and financial centre hosting the Astana International Financial Centre. Double taxation treaties exist with over 50 countries. Tax residency is established after 183 days of presence in a calendar year.
미국 상장 ADR 및 교차 상장
해당 국가 기업 중 미국에서도 거래되는 주식, 일반 미국 증권 계좌에서 투자 가능.
| 기업 | 미국 티커 | 현지 티커 | 참고 |
|---|---|---|---|
| Freedom Holding Corp. | FRHC | FRHC | Freedom Holding Corp. is listed on the Nasdaq Capital Market and is incorporated in Nevada, USA, while operating primarily in Kazakhstan and Central Asia. Its shares also trade on KASE and AIX. It provides brokerage, banking, and digital financial services. |
| Halyk Savings Bank of Kazakhstan JSC | HSBK | Halyk Bank trades via Global Depositary Receipts on the London Stock Exchange (ticker HSBK). There is no US-listed ADR, but GDRs on the LSE provide access to Kazakhstan's largest bank for international investors. The bank also lists common shares on KASE. | |
| Kaspi.kz JSC | KSPI | KSPI | Kaspi.kz listed American Depositary Shares on the Nasdaq Global Select Market in January 2024, in one of the largest US IPOs of that year. Each ADS represents one common share. The stock is also listed on KASE in Almaty. |
| National Atomic Company Kazatomprom JSC | KZAP | Kazatomprom trades via Global Depositary Receipts on the London Stock Exchange (ticker KAP) and on the Astana International Financial Centre (AIX). There is no US-listed ADR, but the GDRs provide international investors with access to the world's largest uranium producer outside of a US exchange listing. |