Visão geral da economia e do setor
Kazakhstan is the largest landlocked country in the world and Central Asia's dominant economy, driven primarily by oil, natural gas, and mineral exports. The hydrocarbons sector (centred on the giant Tengiz, Kashagan, and Karachaganak fields) accounts for the majority of export revenues and a significant share of GDP. Mining of uranium (Kazakhstan is the world's largest producer), copper, zinc, chromite, and gold also forms a major pillar of the economy. The government has pursued diversification through initiatives such as the 'Economy of Simple Things' programme and development of the Astana International Financial Centre (AIFC). Nominal GDP reached approximately $291 billion in 2024, and the economy grew around 5% in real terms that year, supported by robust domestic demand and rising commodity output.
Setores-chave
Saiba tudo sobre Kazakhstan →Macro
| PIB nominal, USD | $291.48B |
| Crescimento do PIB real, anual | 5.0% |
| Inflação anual | 8.6% |
| População pessoas | 20.1M |
| PIB per capita USD | $14,005 |
| Capitalização de mercado total cotado, USD | $38.00B |
| Cap. de mercado / PIB | 13.0% |
| Desemprego | 4.6% |
| Empresas listadas | 130 |
| Bolsa | Kazakhstan Stock Exchange (KASE) |
Ano dos dados: 2024. Fontes: World Bank National Accounts Data 2024, IMF World Economic Outlook April 2026, FocusEconomics Kazakhstan Country Report, Kazakhstan Bureau of National Statistics, KASE Official Exchange Data 2024, Astana Times / Kazakhstan government labour data, Wikipedia Economy of Kazakhstan, Worldometer / IMF GDP data. 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.
Figures carried over — the latest scheduled refresh could not update this record.
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Maiores empresas listadas
As maiores empresas da principal bolsa local, por capitalização de mercado.
| # | Empresa | Setor | Capitalização de mercadoUSD | Listagem nos EUA |
|---|---|---|---|---|
| 1 | Kaspi.kz JSCKSPI · KASE | Financial Technology / E-Commerce | $19.00B | KSPI |
| 2 | NAC Kazatomprom JSCKZAP · KASE | Uranium Mining | $9.50B | — |
| 3 | National Company KazMunayGas JSCKMGZ · KASE | Oil & Gas | $8.50B | — |
| 4 | Halyk Savings Bank of Kazakhstan JSCHSBK · KASE | Banking | $5.80B | — |
| 5 | Freedom Holding Corp.FRHC · KASE | Financial Services / Brokerage | $3.50B | FRHC |
| 6 | Kazakhtelecom JSCKZTK · KASE | Telecommunications | $1.40B | — |
| 7 | KEGOC JSCKEGC · KASE | Electric Utilities | $1.10B | — |
| 8 | Kcell JSCKCEL · KASE | Telecommunications | $900.00M | — |
| 9 | Air Astana JSCAIRA · KASE | Airlines | $800.00M | — |
| 10 | KazTransOil JSCKZTO · KASE | Oil & Gas Pipelines | $800.00M | — |
| 11 | Bank CenterCredit JSCCCBN · KASE | Banking | $700.00M | — |
| 12 | Kaspi Bank JSCCSBN · KASE | Banking | $600.00M | — |
| 13 | Samruk-Energy JSCSREN · KASE | Electric Utilities / Energy | $500.00M | — |
| 14 | ForteBank JSCFORT · KASE | Banking | $400.00M | — |
| 15 | Steppe Cement Ltd.STPC · KASE | Construction Materials | $150.00M | — |
ETFs negociados nos EUA
Fundos listados nos EUA que oferecem exposição a este mercado, a rota mais simples para muitos investidores americanos.
| ETF | Escopo | Taxa de administração% anual | Exposição% do fundo |
|---|---|---|---|
| KAPKazatomprom GDR (LSE-listed) · NAC Kazatomprom JSC | País único No U.S. quote | 0.00% | 100% |
| VNMVanEck Vietnam ETF · VanEck | País único Reference only | 0.66% | 0% |
| EMFMGlobal X Next Emerging & Frontier ETF · Global X | EM amplo | 0.55% | 2% |
| FMiShares MSCI Frontier and Select EM ETF · BlackRock iShares | EM amplo | 0.79% | 2% |
Bolsa local e acesso
| Bolsa | Kazakhstan Stock Exchange |
| Código | KASE |
| Site | kase.kz |
| Moeda | KZT |
Acesso por corretoras locais
Direct retail access to KASE for non-resident foreign investors is limited; most international investors gain exposure through Freedom Finance (FRHC on NASDAQ, which operates Freedom Finance JSC brokerage on KASE), or through global brokers offering OTC access to Kazatomprom GDRs (LSE: KAP) and Kaspi.kz GDRs (LSE: KSPI / NASDAQ: KSPI). The AIFC's AIX exchange, co-located in Astana, hosts several dual-listed companies and uses the AIFC's English-law framework. Local brokerage accounts generally require in-person KYC or engagement with a KASE-member broker.
Corretoras globais com acesso a mercados estrangeiros
- 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.
Listado apenas por conveniência, não constitui recomendação. Mercados disponíveis, taxas e regras de cadastro variam por corretora e pelo seu país de residência.
Relocalização e residência
Visto por investimento / programa de residência
Concessões No standardised investment-migration programme; long-term residency available via investment law
Kazakhstan does not operate a formal golden visa or citizenship-by-investment programme equivalent to those found in the EU or Caribbean. However, foreign nationals may obtain long-term residency (up to 10 years) through investment in priority sectors of the Kazakhstani economy as defined by the Law on Investments (2003, as amended). The Astana International Financial Centre (AIFC) offers preferential visa and work-permit regimes for qualifying financial-sector professionals and investors, but these do not constitute a standardised investment-migration pathway. Permanent residency (vid na zhitelstvo) can be pursued after 5 years of legal residence.
Precisa de ajuda para candidatar-se? Consultores especializados em migração por investimento, como Henley & Partners.
Acesso para investidores estrangeiros
Kazakhstan has emerged as a notable destination for expatriate relocation, particularly from Russia following 2022. Astana and Almaty offer relatively accessible long-stay visa options for remote workers and entrepreneurs. The AIFC provides a common-law jurisdiction and English-language legal environment attractive to financial professionals. Cost of living is moderate relative to Western countries. The country operates on UTC+5 with no daylight saving time adjustment.
ADRs e cruzamentos listados nos EUA
Empresas deste país cujas ações também são negociadas nos EUA, investíveis em uma corretora americana comum.
| Empresa | Ticker nos EUA | Ticker local | Observação |
|---|---|---|---|
| Freedom Holding Corp. | FRHC | FRHC | Common shares listed on NASDAQ Capital Market since October 2019. Freedom Holding is incorporated in Nevada but operationally headquartered in Almaty, Kazakhstan, and derives the majority of its revenue from Central Asian financial services operations. |
| Kaspi.kz JSC | KSPI | KSPI | American Depositary Shares (ADS) listed on NASDAQ since January 2024; each ADS represents one ordinary share. Kaspi.kz is the most liquid and significant US-accessible Kazakhstani equity, representing the country's dominant fintech and marketplace platform. |
| NAC Kazatomprom JSC | NATKY | KZAP | OTC Pink Sheet ADR (NATKY) providing US retail investor access to Kazatomprom; the primary listing is the GDR on the London Stock Exchange (KAP). Kazatomprom is the world's largest uranium producer and the most internationally prominent Kazakhstani listed company after Kaspi.kz. |