Markets Actual Q3 Q4 Q1 Q2 2021
Currency 2.41 2.43 2.44 2.45 2.46 2.49

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -0.30 -2.1 -0.8 1.2 3.9 2.1
Unemployment Rate (%) 0.20 0.7 0.9 1 0.7 0.6
Inflation Rate (%) 5.20 4.5 4.8 5.2 5.3 5.5
Interest Rate (%) 7.75 7.5 7.5 7.5 7.5 7
Balance of Trade (USD Million) -125.20 -940 -1320 -1220 -1320 -1090
Current Account to GDP (%) -2.30 -2.5 -2.5 -2.3 -2.3 -2.3
Government Debt to GDP (%) 26.50 28 28 30 30 30
Government Budget (% of GDP) 4.00 -3.6 -3.6 -4 -4 -4
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 13.00 13 13 13 13 13

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -0.30 -2.1 -0.8 1.2 3.9 2.1
GDP (USD Billion) 63.08 51.1 51.1 59 59 59
GDP Constant Prices (BYN Million) 18604.00 20880 20887 21308 21877 21326
Gross Fixed Capital Formation (BYN Million) 4590.90 5362 7476 7627 7831 7633
GDP per capita (USD) 6678.50 6500 6500 6700 6700 6700
GDP per capita PPP (USD) 19149.60 17500 17500 18200 18200 18200
GDP From Agriculture (BYN Million) 978.40 4672 4734 4829 4958 4833
GDP From Construction (BYN Million) 1758.10 1979 2005 2046 2100 2047
GDP From Manufacturing (BYN Million) 6706.50 7077 7171 7316 7511 7322
GDP From Mining (BYN Million) 201.90 221 224 229 235 229
GDP From Public Administration (BYN Million) 1262.80 1166 1182 1206 1238 1207
GDP From Services (BYN Million) 16112.50 15774 15984 16306 16741 16319
GDP From Transport (BYN Million) 1854.40 1909 1934 1973 2026 1975
GDP From Utilities (BYN Million) 1163.00 885 897 915 939 915

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 0.20 0.7 0.9 1 0.7 0.6
Wages (BYN/Month) 1227.90 1263 1408 1378 1395 1597
Minimum Wages (BYN/Month) 330.00 375 375 375 375 390
Population (Million) 9.48 9.45 9.45 9.43 9.43 9.43
Retirement Age Women 56.00 57 57 57 57 57
Retirement Age Men 61.00 62 62 62 62 62

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 5.20 4.5 4.8 5.2 5.3 5.5
Producer Prices (points) 99.80 107 106 107 105 112
Inflation Rate Mom (%) 0.20 0.4 0.5 0.5 0.5 0.5
Food Inflation (%) 4.80 4.8 4 4 4 4
Producer Prices Change (%) 104.70 6.5 5.6 5.6 5.6 5.6

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 7.75 7.5 7.5 7.5 7.5 7
Deposit Interest Rate (%) 6.75 6.5 6.5 6.5 6.5 6.5
Lending Rate (%) 8.75 8.5 8.5 8.5 8.5 8.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -125.20 -940 -1320 -1220 -1320 -1090
Current Account to GDP (%) -2.30 -2.5 -2.5 -2.3 -2.3 -2.3
Imports (USD Million) 2080.00 3340 3820 3820 3820 3890
Exports (USD Million) 1954.80 2400 2500 2600 2500 2800

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 26.50 28 28 30 30 30
Government Budget (% of GDP) 4.00 -3.6 -3.6 -4 -4 -4
Government Budget Value (BYN Thousand) -707438.30 331509 506004 506004 506004 617962
Government Spending (BYN Million) 2737.30 2687 2708 2762 2836 2765

Taxes Actual Q3 Q4 Q1 Q2 2021
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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -3.90 -8 -10 2.6 3.5 8
Leading Economic Index (%) -1.80 -3 -3.5 0.5 0.5 2
Mining Production (%) -2.20 2.8 3.7 3.7 3.7 3.7

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (BYN Million) 11529.40 11988 11733 11969 12289 11979
Consumer Credit (BYN Million) 5697.60 5147 5437 5909 5985 5551
Gasoline Prices (USD/Liter) 0.74 0.7 0.67 0.63 0.6 0.57


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.