Belarus

The Belarus economy is undergoing a painful adjustment and a prolonged recession. In 2016, GDP plunged by 2.6%, after falling by 3.8% the previous year. A dispute with Russia over the pricing of gas provoked Russia to reduce its oil supplies, which hit the Belarusian processing industry and exports. At the same time, a change in policy helped lower inflation. The final months of the year brought some positive signs that growth may resume in the coming years.

map Belarus
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.947594909500...
GDP, real change in %1.7-3.8-2.60.51.62.2
GDP per capita (EUR at PPP)139001370013500...
Gross industrial production, real change in %2.0-6.6-0.4...
Unemployment rate reg., in %, end of period0.51.00.81.01.01.0
Average gross monthly wages, EUR458377328...
Consumer prices, % p.a.18.113.511.810.09.08.0
Fiscal balance in % of GDP1.31.41.0...
Public debt in % of GDP38.438.739.2...
Current account in % of GDP-6.7-3.7-3.0-3.5-4.4-4.5
FDI inflow, EUR mn144515061131...
Gross external debt in % of GDP54.169.484.9...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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BELARUS: Turning the corner?

Rumen Dobrinsky
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 46-50
Details and Buy

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Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure

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