Markets Actual Q1 Q2 Q3 Q4 2022
Currency 2.54 2.55 2.57 2.58 2.59 2.61

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -3.30 1.2 3.9 2.3 2.1 1.6
Unemployment Rate (%) 0.20 1 0.7 0.7 0.6 0.8
Inflation Rate (%) 7.40 6.3 6.4 6.1 6.2 5.2
Interest Rate (%) 7.75 7.75 7.75 7.75 7.75 8.5
Balance of Trade (USD Million) -114.90 -1320 -1220 -1320 -440 -1090
Current Account to GDP (%) -2.00 -0.8 -0.8 -0.8 -0.8 -1.3
Government Debt to GDP (%) 26.50 30 30 30 30 32
Government Budget (% of GDP) 2.30 -4 -4 -4 -4 -2.2
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 2022
GDP Annual Growth Rate (%) -3.30 1.2 3.9 2.3 2.1 1.6
GDP (USD Billion) 63.08 59 59 59 59 62.5
GDP Constant Prices (BYN Million) 33188.60 20255 18827 19952 22168 20681
Gross Fixed Capital Formation (BYN Million) 7523.90 7250 4646 4841 7435 7403
GDP per capita (USD) 6678.50 6700 6700 6700 6700 6900
GDP per capita PPP (USD) 19149.60 18200 18200 18200 18200 19500
GDP From Agriculture (BYN Million) 978.40 2466 990 1017 4836 2517
GDP From Construction (BYN Million) 1758.10 2019 1779 1827 1904 2061
GDP From Manufacturing (BYN Million) 6706.50 6845 6787 6968 4799 6989
GDP From Mining (BYN Million) 201.90 223 204 210 140 228
GDP From Public Administration (BYN Million) 1262.80 1174 1278 1312 1255 1198
GDP From Services (BYN Million) 16112.50 15500 16306 16741 15579 15826
GDP From Transport (BYN Million) 1854.40 2060 1877 1927 1923 2103
GDP From Utilities (BYN Million) 1163.00 1003 1177 1208 683 1024

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 0.20 1 0.7 0.7 0.6 0.8
Wages (BYN/Month) 1300.50 1436 1408 1378 1628 1628
Minimum Wages (BYN/Month) 400.00 400 400 400 400 415
Population (Million) 9.48 9.43 9.43 9.43 9.43 9.41
Retirement Age Women 56.00 57 57 57 57 57
Retirement Age Men 61.00 62 62 62 62 62

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 7.40 6.3 6.4 6.1 6.2 5.2
Producer Prices (points) 17045.80 16973 17167 17306 112 17685
Inflation Rate Mom (%) 1.20 0.5 0.5 0.5 0.5 0.5
Food Inflation (%) 6.20 4 4 4 4 4
Producer Prices Change (%) 8.00 6 6 4.5 4.2 4.2

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 7.75 7.75 7.75 7.75 7.75 8.5
Deposit Interest Rate (%) 6.75 6.75 6.75 6.75 9.5 6.75
Lending Rate (%) 8.75 8.75 8.75 8.75 12.5 8.75

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -114.90 -1320 -1220 -1320 -440 -1090
Current Account to GDP (%) -2.00 -0.8 -0.8 -0.8 -0.8 -1.3
Imports (USD Million) 2758.90 3820 3820 3820 3890 3890
Exports (USD Million) 2644.00 2600 2500 2700 2800 3200

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 26.50 30 30 30 30 32
Government Budget (% of GDP) 2.30 -4 -4 -4 -4 -2.2
Government Budget Value (BYN Thousand) -39802.00 506004 506004 506004 617962 617962
Government Spending (BYN Million) 4770.60 2626 2770 2798 2886 2681

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Industrial Production (%) -0.70 5 3.5 3.5 8 4
Leading Economic Index (%) -0.90 1.5 1.5 0.5 2 2
Mining Production (%) -2.20 0.5 1 1.5 2.1 2.1

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (BYN Million) 17529.70 11378 11668 11612 12231 11617
Consumer Credit (BYN Million) 5588.70 5273 5909 5926 4704 5383
Gasoline Prices (USD/Liter) 0.69 0.65 0.67 0.63 0.62 0.62


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.