Markets Actual Q4 Q1 Q2 Q3 2022
Currency 2.54 2.57 2.58 2.6 2.61 2.64

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 5.81 2.1 2.1 1.5 1.6 1.6
Unemployment Rate (%) 0.20 0.4 0.6 0.6 0.6 0.6
Inflation Rate (%) 10.50 10.8 9.2 8.5 6 5.8
Interest Rate (%) 9.25 9.75 10 10 10 10
Balance of Trade (USD Million) -16.60 -440 -1090 -1090 -1090 -690
Current Account to GDP (% of GDP) -0.40 -0.5 -1.8 -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 -1.3 -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 Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 5.81 2.1 2.1 1.5 1.6 1.6
GDP (USD Billion) 60.26 60.71 62.5 62.5 62.5 62.5
GDP Constant Prices (BYN Million) 30452.10 22168 29401 30909 30939 33687
Gross Fixed Capital Formation (BYN Million) 7080.10 7435 6768 7186 7193 9699
GDP per capita (USD) 6222.28 6700 6700 6700 6700 6900
GDP per capita PPP (USD) 19148.18 18200 18200 18200 18200 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 Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 0.20 0.4 0.6 0.6 0.6 0.6
Wages (BYN/Month) 1478.90 1628 1574 1628 1638 1905
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 58 58 58 58
Retirement Age Men 62.50 62.5 63 63 63 63

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 10.50 10.8 9.2 8.5 6 5.8
Producer Prices (points) 19178.50 112 20531 20999 21675 22247
Inflation Rate Mom (%) 0.90 0.5 0.5 0.5 0.5 0.5
Food Inflation (%) 12.10 9.6 8.7 7.3 6.5 4
Producer Prices Change (%) 13.50 15.5 15.7 13 13.6 13

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 9.25 9.75 10 10 10 10
Deposit Interest Rate (%) 8.25 9.5 9 9 9 9
Lending Rate (%) 10.25 12.5 11 11 11 11

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -16.60 -440 -1090 -1090 -1090 -690
Current Account to GDP (% of GDP) -0.40 -0.5 -1.8 -1.8 -1.8 -1.8
Imports (USD Million) 3542.10 3890 3890 3890 3890 3890
Exports (USD Million) 3525.50 2800 2800 2800 2800 3200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 37.30 30 30 30 30 32
Government Budget (% of GDP) -2.60 -2.1 -1.3 -1.3 -1.3 -1.3
Government Budget Value (BYN Thousand) -363877.90 617962 617962 617962 617962 617962
Government Spending (BYN Million) 4727.10 2886 4781 4798 4803 5063

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Industrial Production (%) 7.10 5.1 2.8 4.5 4.5 4
Mining Production (%) 1.40 2.1 2.1 2.1 2.1 2.1

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (BYN Million) 17549.00 12231 16532 17812 17830 17379
Consumer Credit (BYN Million) 5237.00 4704 5428 5320 5321 5759
Gasoline Prices (USD/Liter) 0.83 0.62 0.75 0.71 0.68 0.64


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 Thursday, December 2, 2021.