Belarus Economic Forecast

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.


Although the President of Belarus pushed “Market Socialism” in 1995, this country has experienced very little structural reform. To help the country’s economy, the state has been given greater control over pricing, exchange rates, and management of private enterprises expansion. Then in 2005, several private companies were renationalized and businesses around the country have been pushed to make regulatory changes such as more frequent and in-depth inspection, as well as arrest of corrupt executives and business owners.


Although the President of Belarus pushed “Market Socialism” in 1995, this country has experienced very little structural reform. To help the country’s economy, the state has been given greater control over pricing, exchange rates, and management of private enterprises expansion. Then in 2005, several private companies were renationalized and businesses around the country have been pushed to make regulatory changes such as more frequent and in-depth inspection, as well as arrest of corrupt executives and business owners. With Belarus having extremely strict economic policies, attracting Foreign Investments has been nearly impossible. Even with this, the country’s Gross Domestic Product has experienced strong growth in the past few years, hitting 8% in 2008. A large portion of this growth has been with the oil sector, specifically for relationships with Russia. The one challenge ahead is that energy pricing being adjusted by Russia’s new policy could cause the economy to experience a temporary slump.

Belarus GDP Forecast

For Belize GDP (Gross Domestic Product, Current Prices, US Dollar), the numbers at the end of 2008 were at BYR 128,828.80 billion. Then for 2009, the numbers increased to 136,800 billion, a 6.19% increase. Forecasters expect that the GDP forecast for 2010 will be around BYR 153,550.87 billion, which is a nice 12.24% jump from the prior year. Then for year-end 2015, another increase is expected with numbers hitting 294,367.25.

Belarus Unemployment Forecast

The Belarus population is approximately 9.85 million. Although Belarus has multiple sectors, because this is still a state-controlled country, more than 51% of residents are employed through companies controlled by the state. Another 47.4% of the population works for private companies, of those approximately 5.7% are owned by foreigners and 1.4% are employed directly with foreign companies. Belarus relies strongly on imports to include Russia oil, as well as exports of heavy machinery, energy products, and agriculture.The Belarus unemployment rate if forecast to be consistant with economic growth as detailed

Belarus Inflation Rate Forecast

In the year 2008, Belarus inflation rate was at 412.96, using an index of a base year 2000=100. From that time to the end of 2009 an increase of just slightly more than 10% was seen, putting the numbers at 454.683, putting this country in the number seven position for world rankings. It is expected that for 2010, another 8% increase will be seen, taking the number to 491.08. However, forecasters believe that Belarus will have a significant increase by the end of 2010 to 641.053.

Belarus Current Account Balance Forecast

Regarding the Belarus Current Account Balance, in 2008 numbers were a negative $5.21 billion in US dollars but by the end of 2009, a significant increase of 21.44% occurred, putting the number for that year end at negative $6.326 billion. With this, Belarus was ranked worldwide in the number 161 position. However, a forecasters expect a loss of 13.83% by year-end 2010, changing the number to negative $5.45 billion in US dollars. Looking ahead to 2015, experts suggest that another slight change will occur, making the Current Account Balance for Belarus negative $5.102 billion.

About EW Content Team PRO INVESTOR

The core team focusing on economics, industries, investing, businesses & personal finance.