Current Account in Belarus

Belarus Current Account | Economic News & Forecasts

Belarus - Current Account

Data suggests that activity was improving before Russia’s invasion of Ukraine. Industrial production picked up in January and exports grew at a double-digit pace in January–February, while the agricultural sector contracted at a softer pace. That said, despite disruption to the provision of high-frequency official data, it appears that momentum has slowed since the war’s onset. The economy should have been dented by the ruble hitting all-time lows. Moreover, a continued barrage of sanctions on both Belarus and Russia—Belarus’ main trading partner—by Western countries has taken a noticeable toll on Belarussian businesses and exports. Against this backdrop, the Belarusian Parliament is set to pass a number of measures to counteract the impact of these sanctions, while focus in trade relations have shifted, with talks to boost ties with Iran pushed forward in late April.

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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