Unemployment in Belarus

Belarus Unemployment | Economic News & Forecasts

Belarus - Unemployment

The economy contracted for the first time in over three years in Q1 2020, following a healthy expansion in Q4 2019. Industrial production fell markedly in Q1, which, coupled with shrinking merchandise exports in January–February, spearheaded the overall contraction. On a slightly more positive note, an acceleration in retail sales in Q1 suggests consumer spending has held up reasonably well despite a depreciating ruble, as the government resisted growing international pressure to impose lockdown measures and kept the economy largely open for business. Turning to Q2, the economic backdrop seems to have worsened further: Despite the absence of strict restrictions, both household spending and investment activity likely tanked in April on deteriorating sentiment as the number of confirmed Covid-19 cases ballooned. On the external front, widespread lockdowns and damaged global supply chains seemingly continued to weigh on exports through April.

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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