 Minsk, the financial capital of Belarus |
Currency | Belarusian ruble (BYN, Br) |
---|
Fiscal year | Calendar year |
---|
Trade organisations | CIS, EAEU, CISFTA |
---|
Country group | - Developing/Emerging
- Upper-middle income economy
|
---|
|
Population | 9,408,350 (1 January 2020) |
---|
GDP | $65.75 billion (nominal, 2021 est.) $196 billion (PPP, 2019 est.)
|
---|
GDP rank | - 75th (nominal, 2019)
- 69th (PPP, 2019)
|
---|
GDP growth | - 3.1% (2018) 1.2% (2019e)
- −0.9% (2020) 3.3% (2021f)
|
---|
GDP per capita | $7,032 (nominal, 2021 est.) $20,578 (PPP, 2021 est.)
|
---|
GDP per capita rank | - 84th (nominal, 2019)
- 64th (PPP, 2019)
|
---|
GDP by sector | - agriculture: 8.1%
- industry: 40.8%
- services: 51.1%
- (2017 est.)
|
---|
GDP by component | - household consumption: 54.8%
- government consumption: 14.6%
- investment in fixed capital: 24.9%
- investment in inventories: 5.7%
- exports of goods and services: 67%
- imports of goods and services: −67%
- (2017 est.)
|
---|
Inflation (CPI) | 4.8% (2020 est.) |
---|
Population belowpoverty line | 5.6% (2018) 0.4% on less than $5.50/day (2020f)
|
---|
Gini coefficient | 25.2low(2018) |
---|
Human Development Index | 0.817very high(2018) (50th) 0.765highIHDI (2018)
|
---|
Labour force | 4,975,430 (2019) 67.5% employment rate (2018)
|
---|
Labour force by occupation | - agriculture: 9.7%
- industry: 23.4%
- services: 66.8%
- (2015 est.)
|
---|
Unemployment | 4.8% (2018) |
---|
Average gross salary | BYN 15,300/€4,600 annual (2020) |
---|
Average net salary | BYN 13,300/€4,000 annual (2020) |
---|
Main industries | metal-cutting machine tools, tractors, trucks, earthmovers, motorcycles, synthetic fibers, fertilizer, textiles, refrigerators, washing-machines and other household appliances Agricultural products: grain, potatoes, vegetables, sugar beets, flax; beef, milk |
---|
Ease-of-doing-business rank | 49th (very easy, 2020) |
---|
|
Exports | $28.65 billion (2017 est.) |
---|
Export goods | - Agricultural products 19.6%
- Fuels and mining products 22.0%
- Manufacturers 55.0%
- Others 3.5%
|
---|
Main export partners | Russia 44% Ukraine 10.7% Poland 4.27% Lithuania 3.54% Germany 3.11% United Kingdom 2.75% China 2.55% Kazakhstan 2.48% Netherlands 2.35% (2021)
|
---|
Imports | $31.58 billion (2017 est.) |
---|
Import goods | - Agricultural products 15.3%
- Fuels and mining products 29.7%
- Manufacturers 51.5%
- Others 3.5%
|
---|
Main import partners | Russia 57.2% China 7.22% Poland 5.03% Germany 4.73% Ukraine 4.53% Lithuania 3.07% Turkey 1.7% Italy 1.48% Netherlands 0.99% United States 0.96% (2019)
|
---|
FDI stock | $6.929 billion (31 December 2016 est.) Abroad: $3.547 billion (31 December 2016 est.)
|
---|
Current account | −$931 million (2017 est.) |
---|
Grossexternal debt | $39.92 billion (31 December 2017 est.) |
---|
|
Public debt | 53.4% of GDP (2017 est.) |
---|
Budget balance | +2.9% (of GDP) (2017 est.) |
---|
Revenues | 22.15 billion (2017 est.) |
---|
Expenses | 20.57 billion (2017 est.) |
---|
Credit rating | - Standard & Poor's:
- B+ (Domestic)
- B (Foreign)
- B (T&C Assessment)
|
---|
Foreign reserves | $7.315 billion (31 December 2017 est.) |
---|
Main data source:CIA World Fact Book All values, unless otherwise stated, are in US dollars. |