Current Account in Belarus
Belarus - Current AccountA 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
|Current Account (% of GDP)||-10.1||-6.9||-3.2||-3.6||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
Belarus Current Account Chart
Source: National Bank of the Republic of Belarus and FocusEconomics calculations.
|Exchange Rate||2.15||-0.36 %||Jan 16|
|Stock Market||0.1||0.0 %||Jan 16|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
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%.
January 10, 2019
Consumer prices increased 0.8% over the previous month in December, up slightly from November’s 0.6% print.
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.
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.
December 17, 2018
Industrial production expanded 3.1% year-on-year in November, up from 2.8% in October.