The Gross Domestic Product (GDP) in Belarus was worth 71.86 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Belarus represents 0.07 percent of the world economy. This dataset provides the latest reported value for - Belarus GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The gross domestic product (GDP) in current prices in Belarus was forecast to continuously increase between 2024 and 2029 by in total 18.3 billion U.S. dollars (+25.02 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 91.43 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more statistics on other topics about Belarus with key insights such as the average inflation rate, the share in the global GDP adjusted for purchasing power parity, and the ratio of government expenditure to the gross domestic product.

Monthly GDP YoY in Belarus decreased to 3.10 percent in February from 3.70 percent in January of 2025. This dataset includes a chart with historical data for Belarus Monthly GDP YoY.

GDP from Services in Belarus increased to 31228.60 BYN Million in the third quarter of 2024 from 30789.20 BYN Million in the second quarter of 2024. This dataset provides - Belarus Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Belarus gdp growth rate for 2023 was 3.89%, a 8.54% increase from 2022.

• Belarus gdp growth rate for 2022 was -4.66%, a 7.1% decline from 2021.
• Belarus gdp growth rate for 2021 was 2.44%, a 3.11% increase from 2020.
• Belarus gdp growth rate for 2020 was -0.67%, a 2.12% decline from 2019.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The Gross Domestic Product per capita in Belarus was last recorded at 27718.32 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Belarus, when adjusted by Purchasing Power Parity is equivalent to 156 percent of the world's average. This dataset provides the latest reported value for - Belarus GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Full Year GDP Growth in Belarus increased to 4 percent in 2024 from 3.90 percent in 2023. This dataset includes a chart with historical data for Belarus Full Year GDP Growth.

Belarus GDP for was $0.00, a 100% decline from 2023.

• Belarus GDP for 2023 was 71.86 billion US dollars, a 2.6% decline from 2022.
• Belarus GDP for 2022 was 73.78 billion US dollars, a 5.89% increase from 2021.
• Belarus GDP for 2021 was 69.67 billion US dollars, a 13.53% increase from 2020.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

GDP, PPP (constant 2017 international $) in Belarus was reported at 254407029633 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Belarus - GDP, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

GDP from Manufacturing in Belarus decreased to 12714.30 BYN Million in the third quarter of 2024 from 13364.20 BYN Million in the second quarter of 2024. This dataset provides - Belarus Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Belarus debt to gdp ratio for 2020 was 38.59%, a 5.34% increase from 2019.

• Belarus debt to gdp ratio for 2019 was 33.24%, a 3.85% decline from 2018.
• Belarus debt to gdp ratio for 2018 was 37.10%, a 2.78% decline from 2017.
• Belarus debt to gdp ratio for 2017 was 39.88%, a 0.96% increase from 2016.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

GDP per capita (constant LCU) in Belarus was reported at 13625 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Belarus - GDP per capita (constant LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The average inflation rate in Belarus was forecast to continuously decrease between 2024 and 2029 by in total 0.7 percentage points. According to this forecast, in 2029, the inflation will have decreased for the fourth consecutive year to 5.3 percent. Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.Find more statistics on other topics about Belarus with key insights such as the gross domestic product per capita, the growth of the real the gross domestic product, and the share in the global GDP adjusted for purchasing power parity.

The regional economy of the Commonwealth of Independent States (CIS), including Georgia, Turkmenistan, and Ukraine, was estimated to have 3.3 percent in 2023. The gross domestic product (GDP) of several countries in the region was negatively impacted by the Russia-Ukraine war that began in February of that year. For instance, the Belarusian economy was estimated to have regain around 0.7 percent of its GDP in 2025.

GDP from Transport in Belarus increased to 3292.80 BYN Million in the third quarter of 2024 from 3032 BYN Million in the second quarter of 2024. This dataset provides - Belarus Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Belarus increased to 55780.50 BYN Million in the third quarter of 2024 from 51506 BYN Million in the second quarter of 2024. This dataset provides - Belarus GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Belarus Foreign Exchange Reserves

• Belarus Foreign Exchange Reserves was measured at 3.1 USD bn in Feb 2025, compared with 3.1 USD bn in the previous month
• Belarus Foreign Exchange Reserves: USD mn data is updated monthly, available from Dec 2002 to Feb 2025
• The data reached an all-time high of 6.5 USD bn in Dec 2019 and a record low of 338.9 USD mn in Feb 2003

CEIC calculates monthly Foreign Exchange Reserves as the sum of Foreign Currency Reserves and Other Reserve Assets, which include other financial instruments denominated in foreign currency. The National Bank of the Republic of Belarus provides Foreign Exchange Reserves in USD.


Further information about Belarus Foreign Exchange Reserves

• In the latest reports, Belarus Foreign Exchange Reserves equaled 0.7 Months of Import in Dec 2024.
• Its Money Supply M2 increased 15.5 USD bn YoY in Dec 2024.
• Belarus Domestic Credit reached 24.6 USD bn in Dec 2024, representing an increased of 13.8 % YoY.
• Household Debt of Belarus reached 10.4 % in Sep 2024, accounting for 10.4 % of the country's Nominal GDP.

Research and development expenditure (% of GDP) in Belarus was reported at 0.48064 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Belarus - Research and development expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.