What is the GDP of Belarus?

Belarus's GDP is approximately $76 billion USD. The GDP growth rate is 4%.

What is the population of Belarus?

Belarus has a population of approximately 9.1 million people. The population growth rate is -0.5%.

What is the inflation rate in Belarus?

The inflation rate in Belarus is 5.8%.

What is the unemployment rate in Belarus?

The unemployment rate in Belarus is 3.4%.

What is the GDP per capita of Belarus?

Belarus's GDP per capita is approximately $8,318 USD.

Is Belarus a good country to invest in?

Belarus has an investment score of 30/100, classified as "Caution" risk. Key sectors include Manufacturing, IT Services, Agriculture. Credit rating: NR.

How open is Belarus's economy to trade?

Belarus's trade openness (trade as % of GDP) is 132%. Exports total approximately $49.4B and imports $50.8B.

What is Belarus's government debt?

Belarus's government debt is approximately 33% of GDP. The current account balance is -2.1% of GDP.

How much foreign investment does Belarus attract?

Foreign direct investment (FDI) in Belarus is 2.3% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Belarus?

Belarus's economy is composed of services (50% of GDP), industry (31% of GDP), and agriculture (7% of GDP).

Can I start a business in Belarus as a foreigner?

Belarus offers various options for foreign entrepreneurs. Visit our business setup guide for Belarus for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Belarus's economy growing?

Belarus's GDP growth rate is 4%. This is above the global average, indicating strong economic momentum.

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Belarus Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaUpper MiddleCapital: MinskBLR

Caution

Growing

76B USD

GDP (Nominal)

Growing at 4%

$8,318

GDP Per Capita

Middle income level

9.1M

Population

-0.5% annual growth

High

5.8%

Inflation

Moderate

132%of GDP

Trade Openness

Strong

2.3%of GDP

FDI Inflows

Healthy

33%of GDP

Public Debt

Low

3.4%

Unemployment

Deficit

-$1.4B

Trade Balance

GDP

Billion USD, nominal

$76B

2024+3.5B

GDP Growth

Annual %

2024-0.1%

Inflation

Consumer prices, annual %

5.8%

2024+0.8%

Population

Millions

9.1M

2024-0.0M

Economic Structure

Services50%

Industry31%

Agriculture7%

Investment Score Breakdown

Economic Health (30%)32

Political Safety (25%)12

Business Climate (20%)28

Financial Strength (15%)38

Growth Potential (10%)42

Key Sectors

Manufacturing

22.5% of GDP

declining

IT Services

5.8% of GDP

declining

Agriculture

6.8% of GDP

stable

Petrochemicals

8.2% of GDP

declining

Should I Invest in Belarus?

CautionSetup: ModerateROI: Low

Belarus scores 30/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.2%.

Investment Score30/100

GDP Growth2.2%

Inflation5.5%

FDI/GDP1.8%

Public Debt38.2%

Political Stability-0.8

Strengths

+Low public debt (38.2% of GDP) - fiscal headroom
+Highly trade-open economy (125%) - global market access

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (5.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Turkmenistan

Same region, similar income level, faster growth (5.5%)

Moldova

Same region, similar income level, faster growth (3.5%)

Kosovo

Same region, similar income level, faster growth (3.8%)

Ukraine

Same region, similar income level, faster growth (3.5%)

Countries Similar to Belarus

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87% match

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