Economy remains strong despite slowdown: GDP growth slowed markedly to 0.8% on a seasonally adjusted quarter on quarter basis in...
Economic Growth in Belarus
In the year 2024, the economic growth in Belarus was 4.01%, compared to 1.70% in 2014 and 67.58% in 2023. It averaged 6.47% over the last decade. For more GDP information, visit our dedicated page.
Belarus GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Belarus from 2021 to 2015.
Source: Macrobond.
Belarus GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -0.7 | 2.4 | -4.7 | 4.1 | 4.0 |
| GDP (USD bn) | 61.4 | 69.8 | 68.6 | 80.2 | 75.3 |
| GDP (EUR bn) | 53.7 | 59.0 | 64.9 | 74.2 | 69.6 |
| GDP (BYN bn) | 150 | 177 | 194 | 218 | 247 |
| Economic Growth (Nominal GDP, ann. var. %) | 11.1 | 18.1 | 9.5 | 12.5 | 13.1 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian GDP projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Belarusian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian GDP projections.
Want to get access to the full dataset of Belarusian GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
Argentina: GDP grows at robust pace in the first quarter -
New Zealand: GDP growth records fastest upturn since Q2 2023 in the first quarter GDP reading: GDP growth accelerated to 0.8% on a seasonally adjusted quarter on quarter basis in the first quarter, up... -
Ghana: GDP growth improves in Q1 The economy starts the year on a stronger footing: GDP growth rose to 5.3% year on year in the first... -
Uruguay: GDP growth inches down in the first quarter Economy remains robust: GDP growth waned to 3.4% year on year in the first quarter from 3.5% in the fourth... -
United Kingdom: Economic activity falls at sharpest pace since October 2023 in April GDP reading: GDP decreased 0.3% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.2% increase and undershot market... -
Greece: Economy grinds to a halt in Q1 GDP flatlines in Q1: The economy stagnated on seasonally adjusted quarter-on-quarter terms in Q1, contrasting the 0.8% expansion recorded in... -
Euro Area: GDP growth records best reading since Q2 2022 in Q1 Ireland boosts Q1’s print: A second statistical release by Eurostat put GDP growth at 0.6% on a seasonally adjusted quarter-on-quarter...