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Belarus

Headline economic indicators for Belarus, with the most recent official readings.

Prices

Prices — Belarus
Indicator Value Change
Inflation rate · 6.6% +0.81 (+14.1%)
Consumer price index · 801.2 +49.59 (+6.6%)
GDP deflator inflation · 10.9% -1.25 (-10.3%)

GDP

GDP — Belarus
Indicator Value Change
GDP growth rate · 1.3% -3.05 (-70.1%)
GDP per capita · 10,279.25 +1,674 (+19.4%)
GDP per capita, long-run history · 18,700 -842.12 (-4.3%)
GDP · 93,397,215,864.2 +14,805,376,564 (+18.8%)
GDP, PPP · 315,429,062,473 +12,532,793,177 (+4.1%)
GDP per capita, PPP · 34,716 +1,550 (+4.7%)
GDP per capita growth · 1.8% -3.05 (-62.6%)
GNI per capita · 9,160 +780.00 (+9.3%)
Agriculture to GDP · 6.9% -0.14 (-2.0%)
Industry to GDP · 31.6% +0.39 (+1.2%)
Manufacturing to GDP · 20.5% -0.37 (-1.8%)
Services to GDP · 50.0% +0.45 (+0.9%)
Household consumption to GDP · 55.6% +0.26 (+0.5%)
Gross capital formation to GDP · 27.1% +1.28 (+5.0%)
Gross savings to GDP · 25.4% -0.25 (-1.0%)

Labour

Labour — Belarus
Indicator Value Change
Unemployment rate · 3.4% -0.08 (-2.3%)
Labour force participation rate · 62.7% -0.51 (-0.8%)
Female labour force participation rate · 56.8% -0.46 (-0.8%)
Youth unemployment rate · 9.2% -1.36 (-12.9%)
Employment to population ratio · 60.6% -0.44 (-0.7%)
Employment in agriculture · 9.5% -0.27 (-2.8%)
Employment in industry · 31.1% +0.02 (+0.1%)
Employment in services · 59.5% +0.25 (+0.4%)

Money

Money — Belarus
Indicator Value Change
Real interest rate · 0.0% +1.97 (+101.4%)
Broad money to GDP · 30.7% -3.20 (-9.4%)
Private sector credit to GDP · 29.2% -3.34 (-10.3%)
Lending rate · 10.9% +0.95 (+9.5%)
Bank deposit rate · 6.8% +1.20 (+21.6%)
Stock market capitalization to GDP · 5.9% -1.72 (-22.5%)
Bank nonperforming loans · 2.2% -0.74 (-25.0%)
Official exchange rate · 3.07 -0.18 (-5.5%)

Trade

Trade — Belarus
Indicator Value Change
Current account to GDP · -1.2% +0.87 (+41.6%)
Exports to GDP · 55.1% -8.08 (-12.8%)
Imports to GDP · 57.0% -8.06 (-12.4%)
Trade to GDP · 112.1% -16.14 (-12.6%)
Exports of goods and services · 51,443,726,734.38 +1,808,184,536 (+3.6%)
Imports of goods and services · 53,261,674,554.24 +2,108,816,067 (+4.1%)
Trade balance, goods and services (annual) · -1,325,199,199.14 +193,559,981 (+12.7%)
Current account balance (annual) · -1,144,959,557.39 +505,322,812 (+30.6%)
Foreign direct investment to GDP · 1.8% -0.45 (-20.2%)
Remittances received to GDP · 2.5% +0.18 (+7.8%)
Total reserves, including gold · 14,519,884,903.09 +5,607,690,305 (+62.9%)
Reserves in months of imports · 3.0 +1.08 (+55.2%)
External debt to GNI · 46.1% -6.29 (-12.0%)

Government

Government — Belarus
Indicator Value Change
Government debt to GDP · 33.2% -3.85 (-10.4%)
Government revenue to GDP · 28.1% +0.22 (+0.8%)
Government expense to GDP · 28.5% +0.20 (+0.7%)
Tax revenue to GDP · 13.0% +0.34 (+2.7%)
Government budget balance to GDP · 1.3% -0.06 (-4.4%)
Government consumption to GDP · 18.9% +0.58 (+3.2%)
Education spending to GDP · 5.0% +0.14 (+2.8%)
Health spending to GDP · 7.1% +0.50 (+7.7%)

Demography

Demography — Belarus
Indicator Value Change
Population · 9,085,991 -46,638 (-0.5%)
Population, long-run history · 9,400 -42.60 (-0.5%)
Population growth · -0.5% -0.01 (-2.6%)
Life expectancy · 74.4 +0.18 (+0.2%)
Fertility rate · 1.22 +0.01 (+0.7%)
Birth rate · 7.0 -0.11 (-1.5%)
Death rate · 13.1 -0.20 (-1.5%)
Urban population share · 79.5% +0.34 (+0.4%)
Population aged 65 and over · 18.3% +0.62 (+3.5%)
Under-five mortality rate · 2.3 -0.10 (-4.2%)
Population density · 45.0 -0.22 (-0.5%)
Net migration · -3,020 +99.00 (+3.2%)
Gini index · 24.4 -0.90 (-3.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Belarus; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.