Fiscal Balance in Belarus

Belarus - Fiscal Balance
Economic 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 - Fiscal Balance Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Fiscal Balance (% of GDP) | 1.4 | 1.5 | 3.0 | 4.0 | 2.6 |
Belarus Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 2.10 | -0.36 % | Dec 31 |
Stock Market | 0.1 | 0.0 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
Economic News
-
Belarus: Inflation rises to highest level in nearly eight years in June
July 11, 2022
Consumer prices increased 1.13% over the previous month in June, accelerating from May's 0.72% increase.
-
Belarus: Industrial activity contracts at record pace in May
June 17, 2022
Industrial output slid 11.0% compared to the same month of the previous year in May, which was a deterioration from April's 10.6% decrease.
-
Belarus: Inflation hits highest figure in over 7 years in May
June 10, 2022
Consumer prices rose 0.72% from the previous month in May, slowing down from the 1.57% increase logged in April.
-
Belarus: Industrial output contracts at sharpest pace on record in April
May 17, 2022
Industrial output contracted 10.6% year-on-year in April (March: -6.4% yoy).
-
Belarus: Inflation comes in at highest level since January 2015 in April
May 15, 2022
Consumer prices rose 1.57% in April over the previous month, a smaller increase than the 6.05% increase logged in March.