ECON FACTBOOK

Home About

Economy of Belarus

Population: 9.5 million in 2013¹

GDP: $72 billion in 2013²

GDP per capita: $7,575 nominal³ ($17,615 PPP⁴) in 2013

GDP growth rate: 0.9% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Manufacturing	16,753	30.8%
Other activities	13,028	24.0%
Wholesale, retail trade, restaurants and hotels	9,592	17.7%
Agriculture, hunting, forestry, fishing	4,950	9.1%
Transport, storage and communication	4,361	8.0%
Construction	3,957	7.3%
Mining and utilities	1,699	3.1%
Total value added	54,340	100%

Employment

Unemployment rate: 5.8% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Manufacturing	1,011	22.2%
Wholesale trade, retail trade and repair of motor vehicles	648	14.3%
Education	446	9.8%
Agriculture, hunting and forestry	433	9.5%
Construction	364	8.0%
Transport, storage and communications	343	7.5%
Real estate and rental activities	338	7.4%
Health and social work	315	6.9%
Other community, social and personal service activities	183	4.0%
Public administration and defence	158	3.5%
Electricity, gas and water supply	116	2.6%
Hotels and restaurants	95	2.1%
Financial intermediation	74	1.6%
Mining and quarrying	17	0.4%
Fishing	2	0.05%
Activities of private households as employers	2	0.04
Total employment	4,546	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $16 billion (22% of GDP) in 2014¹⁰

Household Wealth per Adult: $2,179 in 2014¹⁰

Gini Coefficient: .265 in 2011¹¹

Government

Central Government

Central Government Revenue: $27 billion (38% of GDP) in 2013¹²

Central Government Expenditure: $27 billion (38% of GDP) in 2013¹²

Central Government Budget Balance: $0 billion (0% of GDP) in 2013¹²

Central Government Public Debt: $16 billion (22% of GDP) in Dec 2014* ¹³

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 15,705 BYR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2009 ¹⁴

12%: $0+

Corporate Tax Rate: 18% in 2014¹⁵

Monetary Policy

Money Supply (M0): $886 million (1% of GDP) in Dec 2014* ¹⁶

Benchmark Interest Rate: Refinancing Rate = 25% in Feb 2015¹⁷

Total Reserves: $7 billion (10% of GDP) in 2013¹⁸

Exchange Rate: 15,705 Belarusian Rubles = 1 U.S. Dollar on Feb 3, 2015¹⁹

Inflation: 18.3% in 2013²⁰

* Money supply calculated using the exchange rate 15,705 BYR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²¹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $42 billion (58% of GDP) in 2013²²

Imports: $45 billion (62% of GDP) in 2013²²

Trade Balance: -$3 billion (-4% of GDP) in 2013²²

Foreign Direct Investment Inflow: $2.2 billion (3% of GDP) in 2013²³

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $103 million (0.1% of GDP) in 2012²⁴

Foreign Aid Outflow: N/A

References