Current Account in Belarus

Belarus Current Account | Economic News & Forecasts

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  

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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

ValueChangeDate
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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