Unemployment in Belarus

Belarus Unemployment | Economic News & Forecasts

Belarus - Unemployment

Growth slowed further in Q1 2019 due to spillover effects from a trade quarrel with Russia over oil import taxes, which dented government revenue. Belarus has historically relied on tax-free oil imports, exported at a profit, to generate a key source of state income. Budget strains, owing to the quarrel, forced a slash in consumer subsidies, triggering higher inflation and a contraction in wholesale trade, which likely translated into slower household spending in the quarter. In addition, industrial production teetered in Q1 as a result of the spat with Russia, which, coupled with falling agricultural output, weighed on exports and bruised economic activity. Meanwhile, Moody’s confirmed its B3 credit rating with a stable outlook; however, it also lowered its macroeconomic projections owing to the import tax row.

Belarus - Unemployment Data

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

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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 Rate2.10-0.36 %May 13
Stock Market0.10.0 %May 13

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