About Us Belarusian Economy

Economy of Belarus

Economic indices (2020):

GDP – USD 60.1 billion (World Bank).
GDP growth – -0.9%
Inflation – 5.5% (Consumer Prices)
Unemployment rate: 5.3% (ILO data)
Exchange rate - 1 US $ = 2.44 BYN (2020 Average)
Forex reserves –7.5 billion USD, Gold – 3.1 billion USD (2020 Average)
Gross foreign debt – 22.03 billion USD (2019)

Natural resources:

In the depths of Belarus deposits of potassium and rock salt, brown coal, oil shales, iron ore, mineral construction raw materials, peat, insignificant deposits of oil and some others have been explored.

Potable and mineral water of high quality is especially abundant. All in all, there are 20.8 thousand rivers with the total length of 90.6 thousand km and 10.8 thousand lakes in the country.

Principal industries by contribution to GDP (2019 data of National Statistics Committee of Belarus)

26,0% - processing industry
13,1% – taxes
9,3% - trade, repair of cars, motocycles
6.8% - agriculture
5.7% - construction
5.7% - transport
33.4 % - other

Trade (Jan-Apr 2021):

Belarus has trade relations with over 180 countries of the world. Its Foreign Trade stands at 23.3 billion USD [Exports 11.2; Imports 12.1] 

Trade Partners: Russia (48.8%), Ukraine (7.7%), China (6,6%), Germany (4,5%), Poland (4.1%), the Netherlands (3.6%), Lithuania (2.1%), US (1,5%), Kazakhstan (1.3%), Turkey (1,3%)

(Source: State Customs Committee of the Republic of Belarus)