Markets Actual Q3 Q4 Q1 Q2 2020
Currency 2.05 2.04 2.05 2.06 2.07 2.1
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.30 1.7 1.8 1.9 2 2.2
Unemployment Rate (%) 0.30 0.5 0.6 0.6 0.6 1.1
Inflation Rate (%) 6.00 5.6 5.4 5 5.1 5.1
Interest Rate (%) 9.50 9.5 9.5 9.5 9 9
Balance of Trade (USD Million) -141.20 -50 -510 -160 -220 -470
Current Account to GDP (%) -2.30 -4 -4 -2.5 -2.5 -2.5
Government Debt to GDP (%) 29.00 27.8 27.8 27.5 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.6 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 Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.30 1.7 1.8 1.9 2 2.2
GDP (USD Billion) 59.66 60.45 60.45 63.3 63.3 63.3
GDP Constant Prices (BYN Million) 18640.20 21396 21038 18994 19013 21501
Gross Fixed Capital Formation (BYN Million) 4374.20 5502 7056 4457 4462 7211
GDP per capita (USD) 6744.50 6870 6870 6900 6900 6900
GDP per capita PPP (USD) 17741.86 17900 17900 18500 18500 18500
GDP From Agriculture (BYN Million) 825.40 4306 2071 841 842 2116
GDP From Construction (BYN Million) 1465.60 1912 1879 1493 1495 1920
GDP From Manufacturing (BYN Million) 6382.50 6782 6954 6504 6510 7107
GDP From Mining (BYN Million) 227.50 275 268 232 232 274
GDP From Public Administration (BYN Million) 1089.90 1138 1275 1111 1112 1303
GDP From Services (BYN Million) 14579.80 14804 16010 14857 14871 16363
GDP From Transport (BYN Million) 1851.40 1782 1863 1887 1888 1904
GDP From Utilities (BYN Million) 1081.00 909 1007 1102 1103 1029
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 0.30 0.5 0.6 0.6 0.6 1.1
Wages (BYN/Month) 1080.50 1096 1267 1110 1110 1436
Minimum Wages (BYN/Month) 330.00 330 330 341 341 341
Population (Million) 9.49 9.47 9.47 9.45 9.45 9.45
Retirement Age Women 56.00 56 56.5 57 57 57
Retirement Age Men 61.00 61 61.5 62 62 62
Living Wage Family (BYN/Month) 515.00 568 585 585 585 663
Wages High Skilled (BYN/Month) 589.00 648 669 669 669 758
Wages Low Skilled (BYN/Month) 395.00 428 449 449 449 509
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 6.00 5.6 5.4 5 5.1 5.1
Producer Prices (Index Points) 100.20 105 105 105 107 108
Inflation Rate Mom (%) 0.20 0.6 0.7 0.8 0.4 0.5
Food Inflation (%) 6.70 4.7 4.8 4.8 4.8 4
Producer Prices Change (%) 106.90 7.5 6.8 6.8 6.5 5.6
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 9.50 9.5 9.5 9.5 9 9
Deposit Interest Rate (%) 8.25 8.25 8.25 8.25 7.75 7.75
Lending Rate (%) 11.50 11.5 11.5 11.5 11 11
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) -141.20 -50 -510 -160 -220 -470
Current Account to GDP (%) -2.30 -4 -4 -2.5 -2.5 -2.5
Imports (USD Million) 2838.20 3010 3740 3290 3340 3820
Exports (USD Million) 2697.00 2960 3230 3130 3120 3350
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 29.00 27.8 27.8 27.5 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.2 1.6 1.6 1.6
Government Spending (BYN Million) 2713.20 2768 2739 2765 2767 2799
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) 0.60 2.1 3 3.7 4.1 4.5
Leading Economic Index (%) 1.30 1.5 1.7 1.3 1.6 2.2
Mining Production (%) 1.50 3 2.8 2.8 2.8 3.7
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (BYN Million) 11244.90 12023 11608 11459 11470 11863
Gasoline Prices (USD/Liter) 0.80 0.78 0.76 0.74 0.72 0.72


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.