Markets Actual Q1 Q2 Q3 Q4 2020
Currency 2.15 2.18 2.2 2.21 2.23 2.26
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.30 2.7 3.2 2.4 2.7 2.2
Unemployment Rate (%) 0.30 0.5 0.2 0.5 0.6 1.1
Inflation Rate (%) 5.60 5.1 5 5.2 5.1 4.8
Interest Rate (%) 10.00 9.5 9 9 9 8.5
Balance of Trade (USD Million) -221.00 -220 -230 -55 -510 -300
Current Account to GDP (%) -1.70 -4 -4 -4 -4 -2.5
Government Debt to GDP (%) 29.00 27.8 27.8 27.8 27.8 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.2 1.2 1.6
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.30 2.7 3.2 2.4 2.7 2.2
GDP (USD Billion) 54.44 60 60 60 60 65
GDP Constant Prices (BYN Million) 21049.70 18887 20329 20172 20231 20676
Gross Fixed Capital Formation (BYN Million) 5410.10 4301 5025 4986 5000 5110
GDP per capita (USD) 6375.82 6570 6570 6570 6570 6600
GDP per capita PPP (USD) 17167.97 17900 17900 17900 17900 18500
GDP From Agriculture (BYN Million) 4507.90 833 726 4616 4630 4731
GDP From Construction (BYN Million) 1775.30 1225 1659 1818 1823 1863
GDP From Public Administration (BYN Million) 1169.50 1124 1199 1198 1201 1228
GDP From Services (BYN Million) 14523.50 13486 15067 14872 14916 15244
GDP From Transport (BYN Million) 1793.00 1729 1854 1836 1841 1882
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 0.30 0.5 0.2 0.5 0.6 1.1
Wages (BYN/Month) 994.00 870 1072 1099 1100 1160
Minimum Wages (BYN/Month) 330.00 330 330 330 330 341
Population (Million) 9.49 9.47 9.47 9.47 9.47 9.45
Retirement Age Women 56.00 56.5 56 56 56.5 57
Retirement Age Men 61.00 61.5 61 61 61.5 62
Living Wage Family (BYN/Month) 515.00 670 508 508 508 670
Wages High Skilled (BYN/Month) 589.00 595 602 607 595 610
Wages Low Skilled (BYN/Month) 395.00 397 368 368 397 410
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.60 5.1 5 5.2 5.1 4.8
Producer Prices (Index Points) 100.40 105 105 105 105 108
Producer Prices Change (%) 6.40 4.6 4.4 4.5 4.2 3.6
Inflation Rate Mom (%) 0.80 0.3 0.44 0.6 0.7 0.6
Food Inflation (%) 5.70 4.9 4.6 4.7 4.8 4
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 10.00 9.5 9 9 9 8.5
Deposit Interest Rate (%) 8.00 8 7.5 7.5 7.5 7.5
Lending Rate (%) 11.50 11.5 11 11 11 11
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -221.00 -220 -230 -55 -510 -300
Current Account to GDP (%) -1.70 -4 -4 -4 -4 -2.5
Imports (USD Million) 2987.30 3340 3280 3010 3740 4350
Exports (USD Million) 2766.30 3120 3050 2955 3230 4050
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 29.00 27.8 27.8 27.8 27.8 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.2 1.2 1.6
Government Budget Value (BYN Thousand) 364137.00 24944 226878 136977 331509 506004
Government Spending (BYN Million) 2722.10 2769 2789 2767 2775 2836
Government Spending To GDP (% of GDP) 28.80 28.8 28.8 28.8 28.8 28.8
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 35.00 35 35 35 35 35
Social Security Rate For Companies (%) 34.00 34 34 34 34 34
Social Security Rate For Employees (%) 1.00 1 1 1 1 1
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) 5.70 6.3 6.2 6.1 6 4.5
Leading Economic Index (%) 3.00 2.8 2.6 2.5 2.4 2.6
Mining Production (%) 3.10 2.9 3.1 3 2.8 3.7
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (BYN Million) 11822.00 10704 11718 11627 11661 11917
Gasoline Prices (USD/Liter) 0.73 0.69 0.67 0.66 0.64 0.64


This page has economic forecasts for Belarus including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belarus economy.