Current Account in Belarus
Belarus - Current Account
A detailed release of national accounts data confirmed a loss of momentum in the third quarter, as the domestic economy shifted into a lower gear. Despite a tight labor market, inflation appeared to put a dampener on household spending. In addition, fixed investment decelerated further, logging its worst reading in over a year, partly due to cooling manufacturing output. On the external side, a slightly weaker ruble deterred imports and notched up exports. Meanwhile, available fourth quarter data suggests that household spending continued to ebb, dragged by decreasing retail sales. In December, President Alexander Lukashenko failed to negotiate lower oil prices from Russia, amid deteriorating relations between the two countries.Belarus - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -10.1 | -6.9 | -3.2 | -3.6 | -1.7 |
Belarus Current Account Chart
Source: National Bank of the Republic of Belarus and FocusEconomics calculations.
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.15 | -0.36 % | Jan 16 |
| Stock Market | 0.1 | 0.0 % | Jan 16 |
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Economic News
Belarus: Industrial output slows in December
January 17, 2019
Industrial production growth decelerated to 1.3% year-on-year in December, down from November’s 3.1% expansion. Looking at 2018 as a whole, annual average industrial production grew 5.7%, below 2017’s 6.1%.
Belarus: Inflation jumps in December
January 10, 2019
Consumer prices increased 0.8% over the previous month in December, up slightly from November’s 0.6% print.
Belarus: Economy downshifts in Q3
December 31, 2018
According to a second release by the National Statistical Committee (Belstat), the economy cooled in the third quarter on the heels of robust gains in the second quarter.
Belarus: Central Bank keeps rates unchanged in December
December 19, 2018
At its 19 December meeting, the Board of the National Bank of the Republic of Belarus (NBRB) opted to keep the refinancing rate unchanged at an over one-decade low of 10.0%, in line with analysts’ expectations.
Belarus: Industrial output growth edges up in November
December 17, 2018
Industrial production expanded 3.1% year-on-year in November, up from 2.8% in October.
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