The Gross Domestic Product (GDP) in Belarus expanded 0.50 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 1.18 percent from 2011 until 2019, reaching an all time high of 11.05 percent in the second quarter of 2011 and a record low of -4.40 percent in the fourth quarter of 2015.

GDP Annual Growth Rate in Belarus is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belarus to stand at 2.10 in 12 months time. In the long-term, the Belarus GDP Annual Growth Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

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Belarus GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.30 11.05 -4.40 2011 - 2019 percent Quarterly


Belarus GDP Annual Growth Rate
Belarus has a state controlled economy where inefficient, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. On the production side, services are the biggest sector of the economy and account for 47 percent of total GDP of which trade; repair of motor vehicles account for 9 percent, transport and real estate activities account for 6 percent each and communication for 5 percent. Industry constitutes 27 percent and construction 5 percent. Finally, agriculture adds up 8 percent.

Belarus GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.50 1.30 11.05 -4.40 percent [+]
GDP 59.66 54.73 78.81 12.14 USD Billion [+]
GDP Constant Prices 21327.40 19810.60 21626.20 17395.00 BYN Million [+]
Gross Fixed Capital Formation 5476.70 5147.80 8861.40 3591.10 BYN Million [+]
GDP per capita 6744.50 6536.00 6817.30 2075.70 USD [+]
GDP per capita PPP 17741.86 17193.42 17933.34 5460.14 USD [+]
GDP From Agriculture 792.10 825.40 4406.30 103.60 BYN Million [+]
GDP From Construction 1793.00 1465.60 2604.30 256.00 BYN Million [+]
GDP From Manufacturing 7404.10 6382.50 7404.10 827.30 BYN Million [+]
GDP From Mining 241.30 227.50 270.20 10.60 BYN Million [+]
GDP From Public Administration 1174.40 1089.90 1252.80 131.30 BYN Million [+]
GDP From Services 16249.50 14579.80 16249.50 1568.70 BYN Million [+]
GDP From Transport 1887.70 1851.40 1887.70 208.40 BYN Million [+]
GDP From Utilities 918.80 1081.00 1081.00 83.00 BYN Million [+]