Current Account in Belarus
Belarus - Current Account
The economy gathered some momentum in Q3 amid a robust rebound in exports, after it grew at the softest pace in over two years in Q2. Domestically, however, dynamics weakened as both private consumption and fixed investment eased markedly. Going forward, available data points to only modest growth in Q4: Although industrial production recovered in November, average growth for October–November was well below that of Q3. Moreover, retail sales growth waned for the eighth consecutive month in November, pointing to a further slowdown in household spending towards year-end. In other news, on 6 January, Russian and Belarusian officials reached an agreement to restart Russian crude oil supplies to Belarusian refineries after Moscow halted deliveries on 31 December over a contract dispute—averting a potential blow to the economy which depends on Russia for 80% of its energy needs.Belarus - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -9.9 | -6.6 | -3.1 | -3.4 | -1.7 |
Belarus Current Account Chart
Source: National Bank of the Republic of Belarus and FocusEconomics calculations.
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
Belarus: Growth bounces back from over two-year low in Q3
December 30, 2019
According to a second release by Belarus’ Statistical Institute (Belstat), the economy expanded 1.4% year-on-year in the third quarter of 2019, up from Q2’s mild 0.5% increase, which had marked the softest expansion in over two years.
Belarus: Industrial production recovers in November
December 17, 2019
Industrial production rose 1.7% on an annual basis in November, rebounding from the 0.3% slip logged in October.
Belarus: Inflation falls to Central Bank’s target in November
December 12, 2019
Consumer prices rose 0.2% over the previous month in November, following October’s 0.5% increase.
Belarus: Industrial production swings to contraction in October
November 18, 2019
Industrial production fell 0.3% on an annual basis in October, contrasting a 0.7% year-on-year rise in September.
Belarus: Inflation stabilizes in October but remains above the Central Bank’s target
November 11, 2019
Consumer prices increased 0.5% over the previous month in October, matching September’s reading.
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