21, Nov 2009, CST. Welcome to the Belarus economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Belarus › Change country
National or Regional Currency: Belarussian Rouble, BYR
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 9,648,533 (July 2009 est.)
Area: total: 207,600 sq km land: 207,600 sq km water: 0 sq km
Natural Resources: forests, peat deposits, small quantities of oil and natural gas, granite, dolomitic limestone, marl, chalk, sand, gravel, clay
Government Type: Belarus government type
Government Ministers: Belarus ministers
Capital: Minsk
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Belarus has seen little structural reform since 1995, when President LUKASHENKO launched the nation on the path of "market socialism." In keeping with this policy, LUKASHENKO reimposed administrative controls over prices or pricing and Exchange Rates and expanded the state's right to intervene in the management of private enterprises. Since 2005, the state has re-nationalized a number of private companies. In addition, businesses have been subject to pressure by central and local governments, e.g., arbitrary changes in regulations, numerous rigorous inspections, retroactive application of new business regulations, and arrests of "disruptive" businessmen and factory owners. A wide range of redistributive policies has aided those at the bottom of the ladder; the Gini coefficient is among the lowest or cheapest internationally. Because of these restrictive economic policy, Belarus has had trouble attracting Foreign Direct Investment (FDI). Nevertheless, government statistics and indicators indicate Gross Domestic Product (GDP) growth has been strong in recent years, reaching more than 8 per cent in 2008, despite the transportation networkblocks of a tough, centrally directed economy with a high rate of inflation rates. Belarus receives discounted oil and gas and natural gas from Russia and much of Belarus' growth can be attributed to the re-export of Russia oil and gas at market prices or pricing. trade (imports and exports) with Russia - by far its largest single trade (imports and exports) partner - decreased in 2007-08, largely as a result of a change in the way the Value Added Tax (VAT) on trade (imports and exports) was collected. Russia has introduced export duties on oil and gas shipped to Belarus, which will increase gradually through 2009, and a requirement that Belarusian duties on re-exported Russia oil and gas be shared with Russia - 80 per cent was slated to go to Russia in 2008, and 85 per cent in 2009. Russia also increased Belarusian natural gas prices or pricing from US$47 per thousand cubic meters (tcm) to US$100 per tcm in 2007, and increased to US$128 per tcm in 2008, and plans to increase prices or pricing gradually to world levels by 2011. Russia's recent policy of bringing energy prices or pricing for Belarus to world market levels may result in a slump in growth of the economy in Belarus over the next few years. Some policy measures, including improving energy efficiency and diversifying exports, have been introduced, but external borrowing has been the main mechanism used to manage the expanding pressures on its economy. Belarus felt the knock-on effects of the global economic downturn in late 2008 and reached agreement with Russia in November for a US$2 bn stabilization loan and with the International Monetary Fund (IMF) for a US$2.5 bn stand-by agreement in January 2009. In line with International Monetary Fund (IMF) conditionality, Belarus devalued the ruble about 20 per cent in January and has tightened some financial and monetary policies. Belarus's growth of the economy is probably to delayed in 2009 as it faces decreasing demand for its exports, and will find it difficult to increase external borrowing if the credit markets perpetuate to tighten.
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GDP (Constant Prices, National Currency) for Belarus in year 2008 is BYR 85,537.76 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Belarus in year 2008 is 10 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Belarus in year 2008 is BYR 128,800.00 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Belarus in year 2008 is US$ 60.288 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Belarus in year 2008 is 150.577 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Belarus in year 2008 is BYR 8,844,403.09 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Belarus in year 2008 is BYR 13,317,616.89 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Belarus in year 2008 is US$ 6,233.68 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Belarus in year 2008 is not available

GDP (PPP), US Dollars for Belarus in year 2008 is US$ 118.875 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Belarus in year 2008 is US$ 12,291.37 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Belarus in year 2008 is 0.17 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Belarus in year 2008 is 1,083.49 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Belarus in year 2008 is not available

Gross National Savings (% of GDP) for Belarus in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belarus in year 2008 is 511.979 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Belarus in year 2008 is 14.828 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Belarus in year 2008 is 412.964 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Belarus in year 2008 is 13.3 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Belarus in year 2008 is not available

Unemployment Rate (% of Labour Force) for Belarus in year 2008 is not available

Employment for Belarus in year 2008 is not available

Population for Belarus in year 2008 is 9.671 Million .

General Government Balance (National Currency) for Belarus in year 2008 is not available

General Government Balance (% of GDP) for Belarus in year 2008 is not available

General Government Structural Balance (National Currency) for Belarus in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Belarus in year 2008 is not available

General Government Net Debt (National Currency) for Belarus in year 2008 is not available

General Government Net Debt (% GDP) for Belarus in year 2008 is not available

General Government Gross Debt (National Currency) for Belarus in year 2008 is not available

General Government Gross Debt (% GDP) for Belarus in year 2008 is not available

Current Account Balance (US Dollars) for Belarus in year 2008 is US$ -5.049 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Belarus in year 2008 is -8.374 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.