Current Account in Belarus

Belarus Current Account | Economic News & Forecasts

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  

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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 Rate2.15-0.36 %Jan 16
Stock Market0.10.0 %Jan 16

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