The ongoing protests in Belarus have triggered the worst political crisis in recent history and brought to light some deep-seated problems. The economy is weakened and its prospects are bleak, as Belarus is facing grave structural problems and balance of payments constraints. A recent bailout by Russia is not sufficient to secure future financial sustainability. In the short run, Belarus will likely experience a protracted recession and possible further political and economic turbulence.

map Belarus
Main Economic Indicators201720182019202020212022
Population, 1000 persons949894849442...
GDP, real change in %
GDP per capita (EUR at PPP)125101271013080...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR377405467...
Consumer prices, % p.a.
Fiscal balance in % of GDP3.04.02.5...
Public debt in % of GDP53.443.742.0...
Current account in % of GDP-1.70.0-2.0-2.9-3.4-4.4
FDI inflow, EUR mn113012121139...
Gross external debt in % of GDP68.967.364.4...

Basic data are continuously updated.

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


BELARUS: Popular revolt with uncertain prospects

Rumen Dobrinsky
in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 40-44
Details and Buy


Monthly Report No. 11/2020

Alexandra Bykova, Branimir Jovanovic, Artem Kochnev and Sergey Markedonov
wiiw Monthly Report No. 11, November 2020
54 pages including 2 Tables and 30 Figures