Current Account in Belarus

Belarus Current Account | Economic News & Forecasts

Belarus - Current Account

The economy stumbled at the start the year, as weaker dynamics in the back-end of 2018 appeared to have carried over into Q1. Seemingly subdued household spending in Q4 likely persisted at the outset of the year, as reflected by slower retail sales in January and high inflation. Furthermore, industrial production spluttered in the same month and agricultural output remained in the red, further stoking prices. On the external front, detailed data for Q4 shows exports decelerated sharply through year-end, while imports grew marginally. On 13 February, Vladimir Putin offered to maintain vital energy subsidies and financial aid to Belarus, in exchange for greater integration between the two countries. The deal would likely support near-term growth, although it could be seen as a potential takeover by Russia as it contemplates sharing the same currency, tax regime and courts.

Belarus - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-10.1  -6.9  -3.2  -3.6  -1.7  

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Belarus Current Account Chart

Belarus Current Account
Note: Current account balance as % of GDP.
Source: National Bank of the Republic of Belarus and FocusEconomics calculations.

Belarus Facts

Exchange Rate2.14-0.36 %Mar 11
Stock Market0.10.0 %Feb 25

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