Current Account in Belarus

Belarus Current Account | Economic News & Forecasts

Belarus - Current Account

Economic activity gained considerable steam in Q2, chiefly due to upbeat manufacturing output. Moving on to Q3, however, early signs suggest a slowdown from Q2 amid several headwinds: Externally, freshly imposed sanctions and a spike in Covid-19 cases denting demand from Russia—Belarus’ main trading partner—will be dragging on exports. Meanwhile, the Central Bank’s tighter stance could be hampering new loans, potentially hindering private spending. Moreover, cumulative data shows that fixed investment—which has remained downbeat so far this year—deteriorated in July, likely as a result of geopolitical tensions and instability. In other news, the IMF’s SDR allocation released on 23 August will provide Belarus with foreign reserves of almost USD 1.0 billion, somewhat offsetting the negative effects of the latest sanctions on the country’s external position.

Belarus - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-3.1  -3.4  -1.7  0.0  -1.8  

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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

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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