Markets Actual Q2 Q3 Q4 Q1 2020
Currency 2.03 2.11 2.12 2.13 2.14 2.16
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.30 3.2 2.4 2.7 2.2 2.2
Unemployment Rate (%) 0.30 0.2 0.5 0.6 0.6 1.1
Inflation Rate (%) 6.20 5.4 5.1 4.9 5 5.1
Interest Rate (%) 10.00 10 10 9.5 9.5 9
Balance of Trade (USD Million) -692.70 -230 -50 -510 -160 -470
Current Account to GDP (%) -2.30 -4 -4 -4 -2.5 -2.5
Government Debt to GDP (%) 29.00 27.8 27.8 27.8 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.2 1.6 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 Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 2.30 3.2 2.4 2.7 2.2 2.2
GDP (USD Billion) 54.44 60 60 60 65 65
GDP Constant Prices (BYN Million) 20666.00 20329 21555 21224 21121 21691
Gross Fixed Capital Formation (BYN Million) 6931.00 5025 5540 7118 7083 7275
GDP per capita (USD) 6375.82 6570 6570 6570 6600 6600
GDP per capita PPP (USD) 17167.97 17900 17900 17900 18500 18500
GDP From Agriculture (BYN Million) 4507.90 726 4616 4630 4607 4731
GDP From Construction (BYN Million) 1775.30 1659 1818 1823 1814 1863
GDP From Public Administration (BYN Million) 1169.50 1199 1198 1201 1195 1228
GDP From Services (BYN Million) 14523.50 15067 14872 14916 14843 15244
GDP From Transport (BYN Million) 1793.00 1854 1836 1841 1832 1882
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 0.30 0.2 0.5 0.6 0.6 1.1
Wages (BYN/Month) 1073.70 1087 1096 1267 1110 1436
Minimum Wages (BYN/Month) 330.00 330 330 330 341 341
Population (Million) 9.49 9.47 9.47 9.47 9.45 9.45
Retirement Age Women 56.00 56 56 56.5 57 57
Retirement Age Men 61.00 61 61 61.5 62 62
Living Wage Family (BYN/Month) 515.00 570 568 585 585 663
Wages High Skilled (BYN/Month) 589.00 649 648 669 669 758
Wages Low Skilled (BYN/Month) 395.00 428 428 449 449 509
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 6.20 5.4 5.1 4.9 5 5.1
Producer Prices (Index Points) 100.60 105 105 105 105 108
Inflation Rate Mom (%) 0.30 0.5 0.6 0.7 0.8 0.5
Producer Prices Change (%) 7.10 4.4 4.5 4.2 4.1 3.6
Food Inflation (%) 6.40 4.6 4.7 4.8 4.8 4
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 10.00 10 10 9.5 9.5 9
Deposit Interest Rate (%) 8.50 8.5 8.5 8.5 8.5 8.5
Lending Rate (%) 11.50 11.5 11.5 11.5 11.5 11.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -692.70 -230 -50 -510 -160 -470
Current Account to GDP (%) -2.30 -4 -4 -4 -2.5 -2.5
Imports (USD Million) 3317.80 3280 3010 3740 3290 3820
Exports (USD Million) 2625.10 3050 2960 3230 3130 3350
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 29.00 27.8 27.8 27.8 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.2 1.6 1.6
Government Spending (BYN Million) 2690.20 2789 2787 2763 2749 2824
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Industrial Production (%) 0.30 0.5 2.1 3 3.7 4.5
Leading Economic Index (%) 1.00 1.2 2.5 3.4 4 5.5
Mining Production (%) 1.20 3.1 3 2.8 2.8 3.7
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (BYN Million) 11402.50 11718 12106 11710 11653 11968
Gasoline Prices (USD/Liter) 0.80 0.71 0.69 0.67 0.65 0.65


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.