Markets Actual Q3 Q4 Q1 Q2 2023
Currency 3.32 3.4 3.48 3.56 3.65 3.83

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -0.40 -2.8 -3.2 -1.3 -0.8 2.6
Unemployment Rate (%) 3.90 0.2 0.2 0.2 0.2 0.2
Inflation Rate (%) 17.00 18.5 15 13 10 5.8
Interest Rate (%) 12.00 14 13 13 10 8
Balance of Trade (USD Million) -353.60 -1090 -1090 -1000 -890 -1700
Current Account (USD Million) 896.90 400 500 -400 150 300
Current Account to GDP (% of GDP) -0.40 -1.5 -1.5 -1.2 -2 -2
Government Debt to GDP (% of GDP) 33.50 38 38 40 42 42
Government Budget (% of GDP) -0.30 -1.5 -1.5 -2 -2 -2
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 13.00 13 13 13 13 13

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -0.40 -2.8 -3.2 -1.3 -0.8 2.6
GDP (USD Billion) 60.26 62.5 62.5 60 60 60
GDP Constant Prices (BYN Million) 28786.50 32795 31853 28412 28556 32681
Gross Fixed Capital Formation (BYN Million) 6296.50 6698 9191 6215 6246 9430
GDP per capita (USD) 6222.28 6300 6300 6000 6000 6000
GDP per capita PPP (USD) 19148.18 18200 19500 18500 18500 18500
Full Year GDP Growth (%) 2.30 -6.9 -6.9 1.3 1.3 1.3
GDP From Agriculture (BYN Million) 3537.50 1301 5581 3424 3492 3513
GDP From Construction (BYN Million) 2543.50 2108 2403 2462 2510 2526
GDP From Manufacturing (BYN Million) 10914.70 9599 10282 10565 10773 10840
GDP From Mining (BYN Million) 345.80 255 300 335 341 343
GDP From Public Administration (BYN Million) 1714.80 1548 1551 1660 1693 1703
GDP From Services (BYN Million) 18605.60 20290 20346 18010 18364 18478
GDP From Transport (BYN Million) 2280.60 2179 2223 2208 2251 2265
GDP From Utilities (BYN Million) 1309.90 1056 1067 1268 1293 1301

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.90 0.2 0.2 0.2 0.2 0.2
Wages (BYN/Month) 1573.40 1633 1640 1906 1820 2160
Minimum Wages (BYN/Month) 457.00 457 457 500 500 500
Population (Million) 9.25 9.2 9.2 9.1 9.1 9.1
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 63.00 63 63 63 63 63

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 17.00 18.5 15 13 10 5.8
Producer Prices (points) 21348.00 21557 21859 22215 22816 23925
Inflation Rate Mom (%) 1.60 0.6 0.6 0.6 0.5 0.5
Food Inflation (%) 19.00 18.8 16.2 15 14 10
Producer Prices Change (%) 16.20 14.6 14 10 8 7.7

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 12.00 14 13 13 10 8
Deposit Interest Rate (%) 8.25 8.25 10.25 9.25 9.25 7.25
Lending Rate (%) 10.25 10.25 12.25 11.25 11.25 9.25

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -353.60 -1090 -1090 -1000 -890 -1700
Current Account (USD Million) 896.90 400 500 -400 150 300
Current Account to GDP (% of GDP) -0.40 -1.5 -1.5 -1.2 -2 -2
Imports (USD Million) 3307.80 3890 4000 4000 3500 4000
Exports (USD Million) 2954.20 2800 3000 3000 2500 2300

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 33.50 38 38 40 42 42
Government Budget (% of GDP) -0.30 -1.5 -1.5 -2 -2 -2
Government Budget Value (BYN Thousand) -737604.30 -500000 -500000 -600000 -600000 -800000
Government Spending (BYN Million) 4588.20 4580 4685 4529 4551 4807
Government Debt (BYN Thousand) 60505613.70 64000000 65000000 68000000 70000000 73000000

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 18.00 18 18 18 18 18
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 35.00 35 35 35 35 35
Social Security Rate For Companies (%) 28.00 28 28 28 28 28
Social Security Rate For Employees (%) 1.00 1 1 1 1 1

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) -4.20 0 -1 1 1 1
Mining Production (%) 2.50 2.1 1 2 1.5 2

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (BYN Million) 17235.90 17807 17393 17012 17098 17845
Consumer Credit (BYN Million) 5241.70 5058 5090 5074 5174 5206
Gasoline Prices (USD/Liter) 0.68 0.7 0.73 0.76 0.78 0.78


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Belarus Forecast - was last updated on Tuesday, July 5, 2022.