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Belarus GDP and Economic Data

Country Report 2017 - Includes Belarus real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Belarus economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Belarus best banks and safest banks are also available.

Countries by Income Group

Countries by Income Group

Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population

 
 
Source
Central bank

Central Bank of Bahrain

Source
International Reserves

USD 2.3 billion (2018)

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Gross Domestic Product - GDP

USD 38.3 billion (2018, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 74.1 billion (2018, estimate)

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Real GDP growth
2007 2008 2009 2010 2011 2012 2013
8.3% 6.2% 2.5% 4.3% 2% 3.7% 5.4%
2014 2015 2016 2017* 2018*    
4.4% 2.9% 3.5% 3.8% 1.8%    

*Estimate

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GDP per capita - current prices

USD 25,850.5 (2018, estimate)

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GDP per capita - PPP

Intl$ 50,056.5 (2018, estimate)

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GDP (PPP) - share of world total
0.05% (2019, estimate)
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GDP - composition by sector
  • agriculture: 0.3% 
  • industry: 43.4% 
  • services: 55.3%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

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Inflation
2015 2016 2017 2018* 2019*
1.8% 2.8% 1.4% 2.1% 1.4%

*Estimate

Source
Unemployment rate
2015 2016 2017 2017* 2018*
3.4% 3.7% 3.6% 3.9% 4%

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
66% 81.3% 88.2% 94.7% 101.7%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-18.4% -17.6% -14.2% -11.9% -8%

*Estimate

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Government bond ratings

Standard & Poor's: B+

Moody's: B2

Standard & Poor's / Moody's 

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Market value of publicly traded shares
2016 2017 2018
USD 19.4 billion USD 21.7 billion USD 21.9 billion
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Largest companies

Ahli United Bank

Source
 
 
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Current account balance

USD -0.3 billion (2018 estimate)

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Current account balance by percentage of GDP

-0.4 % (2018 estimate)

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Exports as percent of GDP (Exports of goods and services)

70.2% (2018)

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Shares in world total merchandising export

0.17% (2018)

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Shares in world total commercial services export

0.15% (2018)

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Total exports

USD 42.0 billion (2018)

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Export commodities

Machinery and equipment, mineral products, chemicals, metals, textiles, foodstuffs

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Total imports

USD 41.3 billion (2018 estimate)

Source
 
 
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Import commodities

Mineral products, machinery and equipment, chemicals, foodstuffs, metals

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Exports - major partners

Russia 43.9%, Ukraine 11.5%, UK 8.2% (2017)

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Imports - major partners

Russia 57.2%, China 8%, Germany 5.1% (2017)

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FDI inflows
2016 2017 2018
USD 1,238 million USD 1,279 million USD 1,469 million
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FDI outflows
2016 2017 2018
USD 114 million USD 70 million USD 36 million
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Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Source
Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

49 out of 190 countries

Subcategories:
Starting a Business: 30 out of 190 countries
Dealing with Construction Permits: 48 out of 190 countries
Getting Electricity: 20 out of 190 countries
Registering Property: 14 out of 190 countries
Getting Credit: 104 out of 190 countries
Protecting Minority Investors: 79 out of 190 countries
Paying Taxes: 99 out of 190 countries
Trading across Borders: 24 out of 190 countries
Enforcing Contracts: 40 out of 190 countries
Resolving Insolvency: 74 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 104 / Score: 57.9 (Mostly unfree)

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Time zone

UTC+2

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Total area

207,600 sq km

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Capital

Minsk 

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Currency

Belarusian rubles (BYB/BYR) 

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Government type

Presidential republic in name, although in fact a dictatorship

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Languages

Russian (official) 70.2%, Belarusian (official) 23.4%, other 3.1% (includes small Polish- and Ukrainian-speaking minorities), unspecified 3.3% (2009 est.)

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Religions

Orthodox 48.3%, Catholic 7.1%, other 3.5%, non-believers 41.1% (2011 est.)

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Total population
1990 2000 2010 2016* 2021*
N/A 9.99 million 9.5 million 9.451 million 9.217 million

*Estimate

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
32% 57% 70% 77%
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Population median age

39.8 years (2016 estimate)

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Population growth rate

-0.21% (2016 estimate)

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Life expectancy

72.7 years (2016 estimate)

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Literacy

Total population: 99.7%
Male: 99.8%
Female: 99.7% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

0% (2014)

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Inequality of wealth distribution (Gini index)

27.2 (2014)

(0=perfect equality, 100=absolute inequality)

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Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2017)

(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed 49.04%   Mobile 123.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

62.23% (2015)

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Mercer Cost of living index

Minsk: 204th (2016)

Source
CO2 emissions

6.7 (2013)

Source

World's Best Developed & Emerging Markets Banks

2013
2012
2011
2010
2009

World’s Best Foreign Exchange Providers

2013
2012
2011
2010
2009
2006
2005
2004

World's Best Banks By Region

2013
2012
2011

World's Best Banks

2014
2013
2013

Best of…

2013
2012
2009
2005

Additional Awards

2014
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