GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 5.81 2.1 1.5 1.6 1.6 1.6
GDP (USD Billion) 60.26 62.5 62.5 62.5 62.5 64.1
GDP Constant Prices (BYN Million) 33739.50 29401 30909 34279 34279 34828
Gross Fixed Capital Formation (BYN Million) 6890.60 6768 7186 7001 7001 7113
GDP per capita (USD) 6222.28 6700 6700 6700 6900 6900
GDP per capita PPP (USD) 19148.18 18200 18200 18200 19500 19500
GDP From Agriculture (BYN Million) 1348.30 4836 1178 1369 1370 2882
GDP From Construction (BYN Million) 2184.10 1904 1671 2217 2219 2395
GDP From Manufacturing (BYN Million) 9947.50 4799 8314 10097 10107 9313
GDP From Mining (BYN Million) 264.40 140 241 268 269 202
GDP From Public Administration (BYN Million) 1715.20 1255 1607 1741 1743 1675
GDP From Services (BYN Million) 21026.40 15579 19485 21342 21363 18734
GDP From Transport (BYN Million) 2257.60 1923 2089 2291 2294 2026
GDP From Utilities (BYN Million) 1094.70 683 1456 1111 1112 1133

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 0.20 0.6 0.6 0.6 0.6 0.3
Wages (BYN/Month) 1476.30 1680 1574 1628 1638 1905
Minimum Wages (BYN/Month) 400.00 400 400 400 415 415
Population (Million) 9.35 9.43 9.43 9.43 9.41 9.41
Retirement Age Women 57.50 58 58 58 58 58
Retirement Age Men 62.50 63 63 63 63 63

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 9.97 9.2 8.5 8.5 5.8 5.8
Producer Prices (points) 19486.50 20531 20999 21668 22020 24156
Inflation Rate Mom (%) 0.90 0.5 0.5 0.5 0.5 0.5
Food Inflation (%) 11.40 8.7 7.3 6.5 4 4
Producer Prices Change (%) 13.80 15.7 13 13.6 13 9.7

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 9.25 9.5 9.75 10 10 10
Deposit Interest Rate (%) 8.25 8.5 8.75 9 9 9
Lending Rate (%) 10.25 10.5 10.75 11 11 11

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) 410.90 -1090 -1090 -1090 -690 -690
Current Account to GDP (% of GDP) -0.40 -1.8 -1.8 -1.8 -1.8 -1.9
Imports (USD Million) 3894.00 3890 3890 3890 3890 3890
Exports (USD Million) 4236.30 2800 2800 2800 3200 3200

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 37.30 30 30 30 32 32
Government Budget (% of GDP) -2.60 -1.3 -1.3 -1.3 -1.3 0.2
Government Budget Value (BYN Thousand) -324370.10 617962 617962 617962 617962 617962
Government Spending (BYN Million) 4712.40 4781 4798 4788 4788 4864

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

Business Actual Q1 Q2 Q3 Q4 2023
Industrial Production (%) 6.50 2.8 4.5 4.5 4 4
Mining Production (%) 1.40 2.1 2.1 2.1 2.1 2.1

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Spending (BYN Million) 18320.10 16532 17812 18613 18613 18911
Consumer Credit (BYN Million) 5222.80 5428 5320 5321 5306 5391
Gasoline Prices (USD/Liter) 0.82 0.78 0.74 0.7 0.67 0.63


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 Saturday, January 22, 2022.