Temporary factors boost output: GDP growth gathered traction to 5.4% year on year in the fourth quarter of 2024, up...
Economic Growth in Belarus
The Belarusian economy recorded an average growth rate of 0.0% in the decade up to 2022, below the 2.5% average for Eastern Europe. In 2022, the real GDP growth was -4.7%. 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
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 1.4 | -0.7 | 2.4 | -4.7 | 3.9 |
| GDP (EUR bn) | 57.6 | 53.7 | 59.0 | 64.9 | 73.6 |
| GDP (USD bn) | 64.5 | 61.4 | 69.8 | 68.6 | 79.5 |
| GDP (BYN bn) | 135 | 150 | 177 | 194 | 216 |
| Economic Growth (Nominal GDP, ann. var. %) | 10.1 | 11.1 | 18.1 | 9.5 | 11.5 |
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 12 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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