Markets Actual Q3 Q4 Q1 Q2 2022
Currency 2.50 2.5 2.51 2.53 2.54 2.57

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 1.15 2.3 2.1 2.1 1.5 1.6
Unemployment Rate (%) 0.20 0.4 0.4 0.6 0.6 0.6
Inflation Rate (%) 9.80 8.4 7 6.5 6 5.8
Interest Rate (%) 9.25 9.25 9.75 10 10 10
Balance of Trade (USD Million) -58.30 -1120 -1090 -1090 -1090 -690
Current Account to GDP (% of GDP) -0.40 -0.5 -0.5 -1.8 -1.8 -1.8
Government Debt to GDP (% of GDP) 37.30 30 30 30 30 32
Government Budget (% of GDP) -2.60 -2.1 -2.1 -1.3 -1.3 -1.3
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 2022
GDP Annual Growth Rate (%) 1.15 2.3 2.1 2.1 1.5 1.6
GDP (USD Billion) 60.26 60.71 60.71 62.5 62.5 62.5
GDP Constant Prices (BYN Million) 28796.10 33952 33156 29401 29228 33687
Gross Fixed Capital Formation (BYN Million) 6628.80 4795 7435 9546 9546 9699
GDP per capita (USD) 6678.00 6700 6700 6700 6700 6900
GDP per capita PPP (USD) 19148.18 18200 18200 18200 18200 19500
GDP From Agriculture (BYN Million) 1153.90 5436 4836 1178 1171 2882
GDP From Construction (BYN Million) 1636.60 2409 1904 1671 1661 2395
GDP From Manufacturing (BYN Million) 8143.40 8275 4799 8314 8266 9313
GDP From Mining (BYN Million) 235.70 215 140 241 239 202
GDP From Public Administration (BYN Million) 1614.60 1450 1255 1649 1649 1675
GDP From Services (BYN Million) 18060.10 17935 15579 18439 18439 18734
GDP From Transport (BYN Million) 2045.70 2016 1923 2089 2076 2026
GDP From Utilities (BYN Million) 235.70 981 683 241 239 1133

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 0.20 0.4 0.4 0.6 0.6 0.6
Wages (BYN/Month) 1471.70 1441 1628 1573 1628 1903
Minimum Wages (BYN/Month) 400.00 400 400 400 400 415
Population (Million) 9.35 9.43 9.43 9.43 9.43 9.41
Retirement Age Women 57.50 57.5 57.5 58 58 58
Retirement Age Men 62.50 62.5 62.5 63 63 63

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 9.80 8.4 7 6.5 6 5.8
Producer Prices (points) 18931.80 17563 17762 18490 19384 18508
Inflation Rate Mom (%) 0.20 0.5 0.5 0.5 0.5 0.5
Food Inflation (%) 8.90 6 6 5 5 4
Producer Prices Change (%) 14.20 4.5 4.2 4.2 4.2 4.2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 9.25 9.25 9.75 10 10 10
Deposit Interest Rate (%) 8.25 8.25 8.75 9 9 9
Lending Rate (%) 10.25 10.25 10.75 11 11 11

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -58.30 -1120 -1090 -1090 -1090 -690
Current Account to GDP (% of GDP) -0.40 -0.5 -0.5 -1.8 -1.8 -1.8
Imports (USD Million) 3260.10 3820 3890 3890 3890 3890
Exports (USD Million) 3201.80 2700 2800 2800 2800 3200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 37.30 30 30 30 30 32
Government Budget (% of GDP) -2.60 -2.1 -2.1 -1.3 -1.3 -1.3
Government Budget Value (BYN Thousand) 1136315.80 506004 617962 617962 617962 617962
Government Spending (BYN Million) 4682.60 2771 2886 4983 4983 5063

Taxes Actual Q3 Q4 Q1 Q2 2022
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 (%) 34.00 34 34 34 34 34
Social Security Rate For Employees (%) 1.00 1 1 1 1 1

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 8.60 6.5 5.1 2.8 4.5 4
Leading Economic Index (%) 3.00 1.5 2 2 2 2
Mining Production (%) 1.10 1.5 2.1 2.1 2.1 2.1

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (BYN Million) 16191.80 11500 12231 17105 17105 17379
Consumer Credit (BYN Million) 5209.30 5923 5668 5428 5320 5759
Gasoline Prices (USD/Liter) 0.82 0.78 0.74 0.7 0.67 0.63


This page has economic forecasts for Belarus including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Belarus economy.