Poorest Countries in the World
All these extremely fragile and underdeveloped economies have either recently been through a civil war or are suffering from ongoing sectarian or ethnic conflicts.
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.
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International Reserves
USD 3.3 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 49.5 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 168.1 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 10% | 8.7% | 10.3% | 0.1% | 7.7% | 5.5% | 1.7% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 1% | 1.7% | -3.9% | -3% | -0.5% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| N/A | N/A | 0.12% | 0.17% | 0.1% |
*Estimate
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GDP - composition by sector
- agriculture: 9.2%
- industry: 40.9%
- services: 49.8%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 18.3% | 18.1% | 13.5% | 12.7% | 12.0% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.5% | 0.5% | 1.5% | 1.5% | 1.5% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 34.5% | 37.3% | 53.7% | 54.9% | 59.2% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -2.9% | -1.7% | -3.5% | -5.3% | -8.2% |
*Estimate
Government bond ratings
Standard & Poor's: B-
Moody's: Caa1
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-4.8% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
60.0% (2015)
Shares in world total merchandising export
0.2% (2015)
Shares in world total commercial services export
0.1% (2015)
Export commodities
Machinery and equipment, mineral products, chemicals, metals, textiles, foodstuffs
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Import commodities
Mineral products, machinery and equipment, chemicals, foodstuffs, metals
Exports - major partners
Russia 39%, UK 11.2%, Ukraine 9.5%, Netherlands 4.3%, Germany 4.1% (2015)
Imports - major partners
Russia 56.6%, China 7.9%, Germany 4.6% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 2,230 million | USD 1,828 million | USD 1,584 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 246 million | USD 39 million | USD 118 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| N/A | USD 162.9 million | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
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: 37 out of 190 countries (2016)
Subcategories:
Starting a business: 31 out of 190 countries
Enforcing Contracts: 27 out of 190 countries
Registering Property: 5 out of 190 countries
Getting credit: 101 out of 190 countries
Protecting investors: 42 out of 190 countries
Trading across border: 30 out of 190 countries
Paying Taxes: 99 out of 190 countries
Dealing with Construction Permits: 28 out of 190 countries
Getting Electricity: 24 out of 190 countries
Resolving Insolvency: 69 out of 190 countries
Source
Global competitiveness ranking
N/A
(2016-2017)
Index of Economic Freedom
Ranking: 157 / Score: 48.77 (Repressed) (2017)
(100=totally free 0=totally repressed)
Source
Source
Government type
Presidential republic in name, although in fact a dictatorship
Languages
Russian (official) 70.2%, Belarusian (official) 23.4%, other 3.1% (includes small Polish- and Ukrainian-speaking minorities), unspecified 3.3% (2009 est.)
Religions
Orthodox 48.3%, Catholic 7.1%, other 3.5%, non-believers 41.1% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| N/A | 9.99 million | 9.5 million | 9.451 million | 9.217 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 32% | 57% | 70% | 77% |
Literacy
Total population: 99.7%
Male: 99.8%
Female: 99.7% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
0% (2014)
Inequality of wealth distribution (Gini index)
27.2 (2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 7
Civil Liberties: 6 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 49.04% Mobile 123.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)