Current Account in Belarus
Belarus - Current Account (billions of U.S. Dollars)
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 (USD bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -1.8 | -1.6 | -1.0 | 0.0 | -1.2 |
Belarus Current Account (USD bn) Chart
Source: National Bank of the Republic of Belarus (NBRB).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Belarus: Inflation remains stable in August
September 10, 2021
Consumer prices increased 0.18% in August over the previous month, picking up from July's 0.07% rise.
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Belarus: Industrial output records slowest expansion since December 2020 in July
August 17, 2021
Industrial production increased 2.7% year-on-year in July (June: +6.9% yoy).
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Belarus: Inflation moderates in July
August 10, 2021
Consumer prices rose 0.07% from the previous month in July, which was below the 0.65% increase seen in June..
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Belarus: Industrial output records slowest expansion since December 2020 in June, due to a less favorable base effect
July 16, 2021
Industrial production expanded 6.9% year-on-year in June (May: +11.5% yoy).
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Belarus: Economy records quickest upturn since Q2 2018 in Q2
July 16, 2021
According to a preliminary reading, GDP growth improved to 5.5% year-on-year in the second quarter (H1 2021: 3.3% yoy), from 1.1% in the first quarter.
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