Belarus Economic Statistics and Indicators

23, May 2015, EDT. 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: 2014 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 9,608,058 (July 2014 est.)
Area: total: 207,600 sq km ; land: 202,900 sq km ; water: 4,700 sq km
Natural Resources: timber, peat deposits, small quantities of oil and natural gas, granite, dolomitic limestone, marl, chalk, sand, gravel, clay
Capital: name: Minsk ; geographic coordinates: 53 54 N, 27 34 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)

As part of the former Soviet Union, Belarus had a relatively well-developed industrial base; it retained this industrial base - which is now outdated, energy inefficient, and dependent on subsidized Russian energy and preferential access to Russian markets - following the breakup of the USSR. The country also has a broad agricultural base which is inefficient and dependent on government subsidies. After an initial burst of capitalist reform from 1991-94, including privatization of state enterprises, creation of institutions of private property, and development of entrepreneurship, Belarus' economic development greatly slowed. About 80% of all industry remains in state hands, and foreign investment has been hindered by a climate hostile to business. A few banks, which had been privatized after independence, were renationalized. State banks account for 75% of the banking sector. Economic output, which had declined for several years following the collapse of the Soviet Union, revived in the mid-2000s thanks to the boom in oil prices. Belarus has only small reserves of crude oil, though it imports most of its crude oil and natural gas from Russia at prices substantially below the world market. Belarus exported refined oil products at market prices produced from Russian crude oil purchased at a steep discount. In late 2006, Russia began a process of rolling back its subsidies on oil and gas to Belarus. Tensions over Russian energy reached a peak in 2010, when Russia stopped the export of all subsidized oil to Belarus save for domestic needs. In December 2010, Russia and Belarus reached a deal to restart the export of discounted oil to Belarus. Little new foreign investment has occurred in recent years. In 2011, a financial crisis began, triggered by government directed salary hikes unsupported by commensurate productivity increases. The crisis was compounded by an increased cost in Russian energy inputs and an overvalued Belarusian ruble, and eventually led to a near three-fold devaluation of the Belarusian ruble in 2011. In November 2011, Belarus agreed to sell to Russia its remaining shares in Beltransgaz, the Belarusian natural gas pipeline operator, in exchange for reduced prices for Russian natural gas. Receiving more than half of a $3 billion loan from the Russian-dominated Eurasian Economic Community (EurAsEC) Bail-out Fund, a $1 billion loan from the Russian state-owned bank Sberbank, and the $2.5 billion sale of Beltranzgas to Russian state-owned Gazprom helped stabilize the situation in 2012; nevertheless, the Belarusian currency lost more than 60% of its value, as the rate of inflation reached new highs in 2011 and 2012, before calming in 2013. As of January 2014, the final tranche of the EurAsEC loan has been delayed, but in December 2013 Russia announced a new loan for Belarus of up to $2 billion for 2014. Notwithstanding foreign assistance, the Belarusian economy continues to struggle under the weight of high external debt servicing payments, a growing trade deficit, stagnant economic growth, and low foreign reserves.
More on the Belarus Economy
More on the Belarus Export, Import and Trade

Economic Indicator Listing
  For Belarus in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.941 %
GDP (Current Prices, National Currency)BYR 820,355.77 Billion.
GDP (Current Prices, US Dollars)US$ 77.171 Billion
GDP Deflator 506.617 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)BYR 17,195,880.77 .
GDP Per Capita (Current Prices, National Currency)BYR 87,117,303.57 .
GDP Per Capita (Current Prices, US Dollars)US$ 8,195.11
GDP (PPP), US DollarsUS$ 171.175 Billion
GDP Per Capita (PPP), US DollarsUS$ 18,177.88
GDP Share of World Total (PPP) 0.16 %
Implied PPP Conversion Rate 4,792.49
Investment (% of GDP) 37.744 %
Gross National Savings (% of GDP) 29.226 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 554.819 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 18.579 %
Inflation, End of Year (Indexed to Year 2000) 595.316 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 18.4 %
Import Volume of All Items Including Goods and Services (Percent Change) 1.41 %
Import Volumes of Goods Only (Percent Change) 1.452 %
Export Volume of All Items Including Goods and Services (Percent Change) 1.041 %
Export Volumes of Goods Only (Percent Change) 1.196 %
Unemployment Rate (% of Labour Force) 0.515 %
Population 9.417 Million
General government revenue (National Currency)BYR 343,245.46 Billions.
General government revenue (% of GDP) 41.841 %
General government total expenditure (National Currency)BYR 370,551.83 Billions.
General government total expenditure (% of GDP) 45.17 %
Total Government Net Lending/ Borrowing (National Currency)BYR -27,306.37 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -3.329 %
Fiscal Year Gross Domestic Product, Current PricesBYR 820,355.77 Billions.
Current Account Balance (US Dollars)US$ -6.573 Billion
Current Account Balance (% GDP) -8.518 %
Economic Indicators for Belarus 2014

GDP (Constant Prices, National Currency) for Belarus in year 2014 is BYR 161,928.11 Billion.

GDP Growth (Constant Prices, National Currency) for Belarus in year 2014 is 0.941 %.

GDP (Current Prices, National Currency) for Belarus in year 2014 is BYR 820,355.77 Billion.

GDP (Current Prices, US Dollars) for Belarus in year 2014 is US$ 77.171 Billion.

GDP Deflator for Belarus in year 2014 is 506.617 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Belarus in year 2014 is BYR 17,195,880.77 .

GDP Per Capita (Current Prices, National Currency) for Belarus in year 2014 is BYR 87,117,303.57 .

GDP Per Capita (Current Prices, US Dollars) for Belarus in year 2014 is US$ 8,195.11 .

GDP (PPP), US Dollars for Belarus in year 2014 is US$ 171.175 Billion.

GDP Per Capita (PPP), US Dollars for Belarus in year 2014 is US$ 18,177.88 .

GDP Share of World Total (PPP) for Belarus in year 2014 is 0.16 %.

Implied PPP Conversion Rate for Belarus in year 2014 is 4,792.49 .

Investment (% of GDP) for Belarus in year 2014 is 37.744 %.

Gross National Savings (% of GDP) for Belarus in year 2014 is 29.226 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belarus in year 2014 is 554.819 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Belarus in year 2014 is 18.579 %.

Inflation, End of Year (Indexed to Year 2000) for Belarus in year 2014 is 595.316 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Belarus in year 2014 is 18.4 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Belarus in year 2014 is 1.41 %.

Import Volumes of Goods Only (Percent Change) for Belarus in year 2014 is 1.452 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Belarus in year 2014 is 1.041 %.

Export Volumes of Goods Only (Percent Change) for Belarus in year 2014 is 1.196 %.

Unemployment Rate (% of Labour Force) for Belarus in year 2014 is 0.515 %.

Population for Belarus in year 2014 is 9.417 Million .

General government revenue (National Currency) for Belarus in year 2014 is BYR 343,245.46 Billions.

General government revenue (% of GDP) for Belarus in year 2014 is 41.841 %.

General government total expenditure (National Currency) for Belarus in year 2014 is BYR 370,551.83 Billions.

General government total expenditure (% of GDP) for Belarus in year 2014 is 45.17 %.

Total Government Net Lending/ Borrowing (National Currency) for Belarus in year 2014 is BYR -27,306.37 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Belarus in year 2014 is -3.329 %.

Fiscal Year Gross Domestic Product, Current Prices for Belarus in year 2014 is BYR 820,355.77 Billions.

Current Account Balance (US Dollars) for Belarus in year 2014 is US$ -6.573 Billion.

Current Account Balance (% GDP) for Belarus in year 2014 is -8.518 %.

* Source: IMF
Aggregate Indicators for Belarus
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Belarus
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Belarus
  Natural Resources, Agricultural Products, Land Use and Water Use for Belarus
  Nationality, Ethnic Groups, Languages and Religions for Belarus
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Belarus
  Age Structure, Median Age, Gender and Urbanization for Belarus
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Belarus
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Belarus
  HIV, AIDS and Other Major Infectious Disease Rates for Belarus
  Literacy Rate, Educational Expenditure and School Life Expectancy for Belarus
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Belarus
  Industries and Industrial Growth Production Rate for Belarus
  Labor Force by Occupation for Belarus
  Poverty Line, Gini Index, Household Income and Consumption for Belarus
  National Budget and Public Debt for Belarus
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Belarus
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Belarus
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Belarus
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Belarus
  Foreign Exchange Reserves and Gold Reserves for Belarus
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Belarus
  Exchange Rate Statistics for Belarus
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Belarus
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Belarus
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Belarus
  Television and Radio Statistics (TV Stats, Radio Stats) for Belarus
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Belarus
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Belarus
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Belarus
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Belarus
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Belarus
* Source: CIA
Internet Indicators for Belarus
Indicators
  Number of Internet Users for Belarus
  Internet Penetration Rate for Belarus
  Number of Facebook Accounts for Belarus
  Facebook Penetration Rate for Belarus
* Source: IWS
Economic Freedom Indicators for Belarus
Indicators
  Economic Freedom World Rank for Belarus
  Economic Freedom Regional Ranking for Belarus
  Business Freedom for Belarus
  Trade Freedom for Belarus
  Fiscal Freedom for Belarus
  Government Spending for Belarus
  Monetary Freedom for Belarus
  Investment Freedom for Belarus
  Financial Freedom for Belarus
  Property Rights for Belarus
  Freedom from Corruption for Belarus
  Labor Freedom for Belarus
  Tariff Rate for Belarus
  Income Tax Rate for Belarus
  Corporate Tax Rate for Belarus
  Tax Burden % of GDP for Belarus
  Government Expenditure % of GDP for Belarus
* Source: HFO
Corruption Perceptions Index Rank and Score for Belarus
Indicator
  Corruption Perceptions Index Rank and Score for Belarus
* Source: TIO
Belarus Economic Indicators in other Years
  Belarus Economic Indicators for Year 2019 (Forecast)
  Belarus Economic Indicators for Year 2018 (Forecast)
  Belarus Economic Indicators for Year 2017 (Forecast)
  Belarus Economic Indicators for Year 2016 (Forecast)
  Belarus Economic Indicators for Year 2015 (Forecast)
Belarus Economic Indicators for Year 2014 (Current)
  Belarus Economic Indicators for Year 2013
  Belarus Economic Indicators for Year 2012
  Belarus Economic Indicators for Year 2011
  Belarus Economic Indicators for Year 2010
  Belarus Economic Indicators for Year 2009
  Belarus Economic Indicators for Year 2008
  Belarus Economic Indicators for Year 2007
  Belarus Economic Indicators for Year 2006
  Belarus Economic Indicators for Year 2005
  Belarus Economic Indicators for Year 2004
  Belarus Economic Indicators for Year 2003
  Belarus Economic Indicators for Year 2002
  Belarus Economic Indicators for Year 2001
  Belarus Economic Indicators for Year 2000
  Belarus Economic Indicators for Year 1999
  Belarus Economic Indicators for Year 1998
  Belarus Economic Indicators for Year 1997
  Belarus Economic Indicators for Year 1996
  Belarus Economic Indicators for Year 1995
  Belarus Economic Indicators for Year 1994
  Belarus Economic Indicators for Year 1993
  Belarus Economic Indicators for Year 1992
  Belarus Economic Indicators for Year 1991
  Belarus Economic Indicators for Year 1990
  Belarus Economic Indicators for Year 1989
  Belarus Economic Indicators for Year 1988
  Belarus Economic Indicators for Year 1987
  Belarus Economic Indicators for Year 1986
  Belarus Economic Indicators for Year 1985
  Belarus Economic Indicators for Year 1984
  Belarus Economic Indicators for Year 1983
  Belarus Economic Indicators for Year 1982
  Belarus Economic Indicators for Year 1981
  Belarus Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International