Belarus – Fast Facts
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Belarus is a lower middle income economies comes under Europe and Central Asian region as to the classification made by the world bank on the basis of income and region for the year 2006.
The Belarus economy was largely suffered from the problems of rising inflation in the late 1990s. Its economic performance was largely led by the industrial sector. The present economy is running with a state control in the presence of free market system.
Belarus is a lower middle income economies comes under Europe and Central Asian region as to the classification made by the world bank on the basis of income and region for the year 2006.
The Belarus economy was largely suffered from the problems of rising inflation in the late 1990s. Its economic performance was largely led by the industrial sector. The present economy is running with a state control in the presence of free market system.
Important agriculture products of the country are potato, grain, flax, fodder, and meat. Major industries, which contribute a lot to the country’s GDP are motor vehicles, machines, agricultural equipments, chemical, food processing, and textile. The country has larger deposits of the natural resources such as oak, maple and peat deposits.
