Markets Actual Q4 Q1 Q2 Q3 2020
Currency 2.05 2.08 2.09 2.1 2.11 2.13
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 1.30 1.8 1.9 2 2.1 2.2
Unemployment Rate (%) 0.30 0.4 0.4 0.5 0.5 0.7
Inflation Rate (%) 5.30 5.4 5 5.1 5 5.1
Interest Rate (%) 9.50 9.5 9.5 9 9 9
Balance of Trade (USD Million) -134.10 -510 -160 -220 -220 -470
Current Account to GDP (%) -2.30 -4 -2.5 -2.5 -2.5 -2.5
Government Debt to GDP (%) 29.00 27.8 27.5 27.5 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.6 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 Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 1.30 1.8 1.9 2 2.1 2.2
GDP (USD Billion) 59.66 60.45 63.3 63.3 63.3 63.3
GDP Constant Prices (BYN Million) 19810.60 21224 21121 18994 19013 21691
Gross Fixed Capital Formation (BYN Million) 5147.80 7118 7083 4457 4462 7275
GDP per capita (USD) 6744.50 6870 6900 6900 6900 6900
GDP per capita PPP (USD) 17741.86 17900 18500 18500 18500 18500
GDP From Agriculture (BYN Million) 825.40 4630 4607 841 842 4731
GDP From Construction (BYN Million) 1465.60 1823 1814 1493 1495 1863
GDP From Manufacturing (BYN Million) 6382.50 4594 4572 6504 6510 4695
GDP From Mining (BYN Million) 227.50 134 134 232 232 137
GDP From Public Administration (BYN Million) 1089.90 1201 1195 1111 1112 1228
GDP From Services (BYN Million) 14579.80 14916 14843 14857 14871 15244
GDP From Transport (BYN Million) 1851.40 1841 1832 1887 1888 1882
GDP From Utilities (BYN Million) 1081.00 653 650 1102 1103 668
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 0.30 0.4 0.4 0.5 0.5 0.7
Wages (BYN/Month) 1117.80 1267 1110 1110 1110 1436
Minimum Wages (BYN/Month) 330.00 330 375 375 375 375
Population (Million) 9.49 9.5 9.48 9.48 9.48 9.48
Retirement Age Women 56.00 56.5 57 57 57 57
Retirement Age Men 61.00 61.5 62 62 62 62
Living Wage Family (BYN/Month) 515.00 585 585 585 585 663
Wages High Skilled (BYN/Month) 589.00 669 669 669 669 758
Wages Low Skilled (BYN/Month) 395.00 449 449 449 449 509
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 5.30 5.4 5 5.1 5 5.1
Producer Prices (Index Points) 100.20 105 105 105 107 108
Inflation Rate Mom (%) 0.50 0.7 0.8 0.4 0.4 0.5
Food Inflation (%) 6.20 4.8 4.8 4.8 4.8 4
Producer Prices Change (%) 101.40 6.8 6.8 6.5 6.5 5.6
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 9.50 9.5 9.5 9 9 9
Deposit Interest Rate (%) 8.25 8.25 8.25 7.75 7.75 7.75
Lending Rate (%) 10.75 10.75 10.75 10.25 10.25 10.25
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) -134.10 -510 -160 -220 -220 -470
Current Account to GDP (%) -2.30 -4 -2.5 -2.5 -2.5 -2.5
Imports (USD Million) 3030.80 3740 3290 3340 3340 3820
Exports (USD Million) 2896.70 3230 3130 3120 3120 3350
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 29.00 27.8 27.5 27.5 27.5 27.5
Government Budget (% of GDP) 2.90 1.2 1.6 1.6 1.6 1.6
Government Spending (BYN Million) 2727.60 2763 2749 2765 2767 2824
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Industrial Production (%) 0.70 3 3.7 4.1 4.1 4.5
Leading Economic Index (%) 1.10 1.7 1.3 1.6 1.9 2.2
Mining Production (%) 1.50 2.8 2.8 2.8 2.8 3.7
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Spending (BYN Million) 11919.00 11710 11653 11459 11470 11968
Gasoline Prices (USD/Liter) 0.80 0.67 0.65 0.69 0.67 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.