The Gross Domestic Product (GDP) in Belarus expanded 2.30 percent in the third quarter of 2018 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 1.17 percent from 2011 until 2018, reaching an all time high of 11.05 percent in the second quarter of 2011 and a record low of -4.40 percent in the fourth quarter of 2015.

GDP Annual Growth Rate in Belarus is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belarus to stand at 2.40 in 12 months time. In the long-term, the Belarus GDP Annual Growth Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Belarus GDP Annual Growth Rate
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Belarus GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.30 3.90 11.05 -4.40 percent [+]
GDP 54.44 47.72 78.81 12.15 USD Billion [+]
GDP Constant Prices 19699.00 18390.40 21626.20 17359.00 BYN Million [+]
Gross Fixed Capital Formation 4868.90 4188.00 8861.40 3540.00 BYN Million [+]
GDP per capita 6375.82 6229.21 6664.10 2024.69 USD [+]
GDP per capita PPP 17167.97 16773.19 17944.21 5451.83 USD [+]
GDP From Agriculture 4507.90 703.50 4507.90 103.60 BYN Million [+]
GDP From Construction 1775.30 1607.60 2604.30 256.00 BYN Million [+]
GDP From Public Administration 1169.50 1161.90 1169.50 131.30 BYN Million [+]
GDP From Services 14523.50 14599.90 14599.90 1568.70 BYN Million [+]
GDP From Transport 1793.00 1796.90 1796.90 208.40 BYN Million [+]


Belarus GDP Annual Growth Rate

Belarus has a state controlled economy where inefficient, government-run businesses from the Soviet era dominate markets and the state spends billions every year on handouts, tariffs and subsidies. On the production side, services are the biggest sector of the economy and account for 47 percent of total GDP of which trade; repair of motor vehicles account for 9 percent, transport and real estate activities account for 6 percent each and communication for 5 percent. Industry constitutes 27 percent and construction 5 percent. Finally, agriculture adds up 8 percent. This page provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belarus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 3.90 11.05 -4.40 2011 - 2018 percent Quarterly




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