Belarus recorded a Current Account deficit of 0.40 percent of the country's Gross Domestic Product in 2020. source: National Bank of the Republic of Belarus

Current Account to GDP in Belarus averaged -5.07 percent of GDP from 1992 until 2020, reaching an all time high of 5.40 percent of GDP in 1992 and a record low of -14.50 percent of GDP in 2010. This page provides - Belarus Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belarus Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Belarus is expected to reach -0.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belarus Current Account to GDP is projected to trend around -1.80 percent of GDP in 2022 and -1.90 percent of GDP in 2023, according to our econometric models.

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Belarus Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -1.90 5.40 -14.50 1992 - 2020 percent of GDP Yearly

Belarus Trade Last Previous Highest Lowest Unit
Balance of Trade -200.00 -308.20 466.70 -1414.90 USD Million [+]
Current Account -956.40 297.20 728.50 -3284.50 USD Million [+]
Current Account to GDP -0.40 -1.90 5.40 -14.50 percent of GDP [+]
Imports 3274.60 3327.20 4325.60 449.30 USD Million [+]
Exports 3074.60 3019.00 4571.90 371.40 USD Million [+]
External Debt 41158.70 42149.10 42149.10 1698.00 USD Million [+]
Capital Flows -734.20 225.60 938.00 -3107.90 USD Million [+]
Gold Reserves 50.02 50.04 50.04 3.11 Tonnes [+]
Foreign Direct Investment 118.00 -53.80 2734.30 -298.40 USD Million [+]
Crude Oil Production 34.00 34.00 43.00 26.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 4.03 0.00 [+]
Tourist Arrivals 80972.00 405472.00 405472.00 80972.00 [+]
Remittances 94.60 88.60 148.60 18.40 USD Million [+]
Weapons Sales 23.00 159.00 452.00 6.00 SIPRI TIV Million [+]


Belarus Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.