External Debt in Belarus
Belarus - External DebtEconomic conditions were improving prior to the outbreak of war in Ukraine, but have since seen a sharp moderation due to the impact of international sanctions. In March, annual GDP contracted for the time in over a year. Similarly, after hitting a multi-month high in January, industrial production swung into a marked contraction in February–March. Adding insult to injury, inflation hit a near seven year-high in March, weighing further on consumers’ purchasing power. In Q2, GDP continued to freefall in April, registering its sharpest contraction since December 2016 as the war raged on to the east and relentless sanctions by the West continued to strangle the economy. According to Prime Minister Nikolai Snopkov, the aforementioned sanctions will likely result in the loss of around one-third of the country’s exports, boding ill for the economy ahead.
Belarus - External Debt Data
|External Debt (% of GDP)||65.3||79.8||73.0||63.8||63.1|
5 years of economic forecasts for more than 30 economic indicators.
Belarus External Debt Chart
Source: National Bank of the Republic of Belarus (NBRB).
|Exchange Rate||2.10||-0.36 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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November 16, 2022
Industrial output shrank by 4.1% year on year in October, down from September’s 2.1% contraction.
October 17, 2022
Industrial output shrank by 2.1% year on year in September, up from August’s 9.4% contraction.
October 12, 2022
Inflation dropped to 17.4% in September, below August’s 17.9%.
September 16, 2022
Industrial output shrank by 9.4% compared to the same month of the previous year in August, slightly up from July’s 12.2% contraction.
September 9, 2022
Inflation came in at 17.9% in August, down from July’s 18.1%.