SALARY IN KAZAKHSTAN

Kazakhstan is an interesting country with a rich history and culture located in Central Asia. It is the largest state in the region and the ninth largest in the world. It borders Russia to the north and west, China to the east, and Kyrgyzstan, Uzbekistan and Turkmenistan to the south. The population of Kazakhstan in 2024 is about 19.8 million people.

Mainly due to its vast natural resources, Kazakhstan's economy is the largest in Central Asia. Huge reserves of hydrocarbons and minerals, including oil, uranium, copper and zinc, allow local authorities to maintain an acceptable standard of living. Despite this, the incomes of Kazakhstanis are significantly lower than in developed European and Asian countries.

Next, find out what is the minimum and average salary in Kazakhstan in 2024, designate the remuneration of labor by regions and sectors of the economy.

Minimum salary in Kazakhstan

According to official data from the local government, the minimum wage in Kazakhstan in 2024 is 85,000 Kazakhstani tenge per month, which at the current exchange rate corresponds to 190 U.S. dollars. Compared to last year, the minimum wage has increased by 15,000 tenge or 35 dollars. The previous increase in the minimum wage in Kazakhstan was recorded in 2023 – from 60,000 tenge, to 70,000.

For 2023, the minimum income of Kazakhstanis increased by 17.6%, and for 2022 by 14.3%, while in 2021 this growth amounted to 41%. For comparison, the minimum wage in Russia for this period increased by only 8.6%, in Belarus by 14.3%, in Azerbaijan by 16.3%. In 2012, the minimum wage in Kazakhstan was equal to 17,439 tenge per month. That is, over the past 12 years, local workers have received a minimum of 67,561 tenge more.

Average salary in Kazakhstan

According to the current data of the Kazakh National Bureau of Statistics, the average salary in Kazakhstan in 2024 is 393,605 tenge per month, which corresponds to $885. Compared to last year, a growth of 16.2% was recorded. The median value of wages in Kazakhstan amounted to 259,463 tenge.

Kazakhstan has a labor force of 9.6 million people. The largest number of people are employed in wholesale and retail trade, and the least number of jobs are concentrated in the field of arts, entertainment and recreation. Among the regions, the leaders in the number of vacancies are: Almaty – 11,488 places, Astana – 8,179 places, as well as Pavlodar region – 4,519 places and Kostanay region – 4,054 places.

The highest average salaries in Kazakhstan are provided by employers in Atyrau region – 591,588 tenge per month, and the lowest incomes are observed in Turkestan region – 278,894.

Among the sectors of the economy in terms of earnings, the leading one is the sphere of financial and insurance activities, where an average of 814,502 tenge per month is earned. The agriculture, forestry and fishery sector earns only 242,227 tenge per month.

Note. Information on average salaries by regions and sectors of economy is based on the actual data of the National Bureau of Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan.

In conclusion, we note that the income tax rate in Kazakhstan is only 10% and the unemployment rate does not exceed 5%.

RELATED ARTICLES:

• Salary in Azerbaijan
• Salary in Armenia
• Salary in Georgia
• Salary in Cyprus
• Salary in Singapore