Unemployment in Belarus

Belarus Unemployment | Economic News & Forecasts

Belarus - Unemployment

The economy contracted at a softer annual pace in Q3 than in Q2 according to preliminary data. The slight improvement was driven by higher agricultural production and a smaller decrease in the manufacturing sector. However, domestic demand remained weak as indicated by soft retail sales, as protests likely dragged on domestic activity. In other news, political tensions have escalated in recent weeks after President Lukashenko ignored the opposition’s ultimatum asking him to step down by 26 October. As a result, the opposition called a general strike. While observance of the strike has so far been patchy, ongoing protests will likely dent sentiment and retail sales, and could impact industrial production—all of which bode ill for recovery in Q4.

Belarus - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.9  5.8  5.6  4.8  4.0  

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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

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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