Belarus Visa-Free: Now For 30 Days
Official Website of the Republic of Belarus
Year of Native Land in Belarus

Belarus Events Calendar
Belarus’ Top Tourist Sites
UNESCO World Heritage Sites in Belarus
Belarusian sanatoria and health resorts
Souvenirs from Belarus
| Home

The economy of Belarus

Belarus has enjoyed a strong economic growth since its independence in 1992, with its export-led development carefully managed to balance growth with social responsibility.

Key measures

  • GDP:  Gross domestic product grew at an average rate of 8.7% a year between 2002 and 2008, and the economy has continued to expand despite the global slowdown.
    Year-on-year growth to February 2009 was 2.3% and the International Monetary Fund forecasts 1.6% in 2010 rising to 5.7% by 2014.

  • Inflation:  Consumer Price Inflation in 2010 was forecast to be 8-10%. In 2009 it amounted to 10,1%. 
  • Ratings:  Standard & Poor’s, the rating agency, has given Belarus a sovereign credit rating of B+, while Moody’s issued a B1 rating
  • National income:  Almost half of Belarus’ national income comes from the physical, manufacturing side of the economy, and around 40% is generated by the expanding service sector. Around two thirds (70%) of economic output comes from state-controlled enterprises
Great Patriotic War monuments in Belarus
Partisan Chronicles