Economy of Belarus
Population: 9.49 M (2018)
GDP per Capita: 6,290 USD (2018)
59,660 M.

GDP USD

(2018)

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41,880 M.

EXPORTS USD

(2018)

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41,250 M.

IMPORTS USD

(2018)

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47.83 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.05 % (2018)
GDP of 2010 USD USD 64.00 B. (2018)
GDP Current USD USD 59.66 B. (2018)
GDP per Capita Current USD USD 6,290 (2018)
GDP per capita, PPP USD 17,742 (2018)
GDP per Capita, 2010 USD USD 6,745 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.62 % (2018)
Government Spending USD 9.32 B. (2018)
Government Debt % GDP 47.83 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 99.37 (2018)
Trade Openness 139.34 % (2018)
Exports of Goods and Services % GDP 70.20 % (2018)
Exports Goods & Services USD 41.88 B. (2018)
Exports Annual Growth 3.52 % (2018)
Imports as % GDP 69.14 % (2018)
Total Imports USD 41.25 B. (2018)
Foreign Direct Investment % GDP 2.39 % (2018)
Foreign Direct Investment USD 1.47 B. (2018)
Current Account Balance % GDP USD -0.06 % (2018)
Current Account Balance USD -0.03 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 0.92 B. (2018)
Foreign Exchange Reserves incl Gold USD 7.16 B. (2018)
Remittances % GDP 2.01 % (2018)
Remittances USD 580 M. (2018)
Balance of Payments USD 237 M. (2018)

Labor Market

Indicator Value
Labor Force 4.98 M. (2019)
Unemployment Rate 5.80 % (2019)
Unemployment Rate Females 3.35 % (2019)
Unemployment Rate Males 5.79 % (2019)
Youth Unemployment (ages 15-24) 10.06 % (2019)
Labor Force Participation Rate 63.35 % (2019)
Labor Force (Percent Female) 48.98 % (2019)
Female Labor Force Participation Rate 57.83 % (2019)
Male Labor Force Participation Rate 69.96 % (2019)
Dependent People 46.44 % (2018)

Agriculture Sector

Indicator Value
Forest Area 42.60 % (2016)
Forest Area km² 86,534 km² (2016)
Agricultural Land 42.04 % (2016)
Agricultural Land km² 85,327 km² (2016)
Employment 10.48 % (2019)
Value added % GDP 6.40 % (2018)
Agriculture Value added USD 3.82 B. (2018)
Crop Production Index 100.50 (2016)
Precipitation 618 mm (2014)
Arable Land 28 % (2016)
Cereal Yield 3,359 kg/hectare (2017)
Food production index 134 (2016)
Rural Population 21 % (2018)
Fertilizer use of Arable Land 147 kg/hectare (2016)
Livestock Production Index 148 (2016)
Economy of Belarus

According to the World Bank and its latest published data, the economy of the Belarus presents a growth rate of 3.05 % (2018) to the previous year.

With a population that reaches 9.49 M (2018) and a gross domestic product of USD 59.66 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,290 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Belarus also has a workforce of 4.98 M. (2019) with an unemployment rate of 5.80 % (2019), where women represent 3.35 % (2019) and men 5.79 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.06 % (2019). The total number of dependent people stands at 46.44 % (2018).

The central government spent 15.62 % (2018) of its gross domestic product that year, which in absolute terms is USD 9.32 B. (2018). Its consolidated public debt reached 47.83 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Belarus exported USD 41.88 B. (2018), which represents 70.20 % (2018) of its gross domestic product, in that same sense its imports reached USD 41.25 B. (2018) with a direct foreign investment of USD 1.47 B. (2018).

Belarus has a forest area of 86,534 km² (2016), which represents 42.60 % (2016) of its total area, an average rainfall of 618 mm (2014) per year and a population of 21 % (2018) living in rural areas. With a total area of 85,327 km² (2016) available for agriculture and 10.48 % (2019) of its employments, the agricultural sector contributes to the economy of the Belarus about USD 3.82 B. (2018) (6.40 % (2018) of its GDP).