Unemployment in Belarus

Belarus Unemployment | Economic News & Forecasts

Belarus - Unemployment

The economy continues to reel. Russia’s gradual elimination of export duties on oil and raising of the mineral extraction tax has marked the end of preferentially cheap oil imports to Belarus. This, along with contamination of the Druzhba pipeline from Russia, has slashed exports, and the industrial sector consequently contracted in May for the first time in over two years. Growth has also been dragged down by lower agricultural output, owing to the dearth of rainfall. That said, household spending likely remained resilient, evidenced by robust retail sales growth in April–May. Meanwhile, tensions with Russia are at fever-pitch: Russia will not be awarding any further loans and has also refused to compensate Belarus for loss of earnings caused by the oil contamination, until the two countries agree to a shared vision of integration. In response, Belarus has threatened the Russian government with legal action.

Belarus - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate0.5  0.5  1.0  0.8  0.5  

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Belarus Unemployment Chart

Belarus Unemployment
Note: Unemployment as % of active population (aop).
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).

Belarus Facts

Exchange Rate2.03-0.36 %Jul 11
Stock Market0.10.0 %Jul 11

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