GDP in Belarus

Belarus GDP | Economic News & Forecasts

Belarus - GDP

GDP rebounds in 2021

According to a preliminary reading, GDP rose 2.3% over the previous year in 2021, rebounding from the 0.9% contraction registered in 2020.

Although a full breakdown is not yet available, annual data shows that industrial activity was buoyant, namely mining, manufacturing and electricity production. In addition, subsectors such as information and communication, wholesale and retail trade, and transportation also performed well. Less positively, both agricultural production and construction activity declined considerably.

Going into early 2022, a robust export sector should remain largely unaffected by sanctions, as shown by ballooning exports to the EU—which nearly doubled in 2021. That said, the moving of Russian troops to Belarus in mid-January for a military exercise and the risk of conflict with Ukraine pose a serious threat to activity in the region, and reflect an environment that is hostile to investment.

FocusEconomics Consensus Forecast panelists expect the economy to expand 1.4% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists see GDP growth at 1.7%.

Belarus - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)-3.8  -2.5  2.5  3.1  1.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Belarus GDP Chart

Belarus GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).

Belarus Facts

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %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.

Sign Up

Economic News

Search form