GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Economic Growth in Belarus
Belarus's economy recorded an average growth rate of 0.7% in the decade to 2024, compared to the 4.0% average for CIS Countries. In 2024, real GDP growth was 4.0%. For more GDP information, visit our dedicated page.
Belarus GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Belarus from 2021 to 2015.
Source: Macrobond.
Belarus GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -0.7 | 2.4 | -4.7 | 4.1 | 4.0 |
| GDP (USD bn) | 61.4 | 69.8 | 68.6 | 80.2 | 75.3 |
| GDP (EUR bn) | 53.7 | 59.0 | 64.9 | 74.2 | 69.6 |
| GDP (BYN bn) | 150 | 177 | 194 | 218 | 247 |
| Economic Growth (Nominal GDP, ann. var. %) | 11.1 | 18.1 | 9.5 | 12.5 | 13.1 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian GDP projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Belarusian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian GDP projections.
Want to get access to the full dataset of Belarusian GDP forecasts? Send an email to info@focus-economics.com.
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