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Opinions & Interviews

19 May 2016

Fitch: Belarus’ GDP per capita 40% greater than peer median

Fitch: Belarus’ GDP per capita 40% greater than peer median

MINSK, 19 May (BelTA) – Belarus’ Gross Domestic Product per capita is at $5,557 and is almost 40% greater than the peer median, reads the Fitch Ratings report “The Republic of Belarus 2016: review of the macroeconomic situation and the banking sector”. The report was presented at a conference in Minsk on 19 May, BelTA has learned.

According to the document, Belarus runs a modest budget surplus. The total public debt in 2015 amounted to 45.9% of GDP, which is below 'B' peers at 50.8%.

Doing Business indicators are well above the peer median while the Human Development Index is double the peer median.

The report also notes that Belarus has higher indicators regarding the openness of trade, domestic savings and investment than those of peers.

According to Fitch Ratings, improvement in Belarus's medium-term growth potential coupled with the reduction in external financing pressures could lead to positive rating action.

In February 2016 Fitch Ratings published Belarus's Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'B-'. The Outlooks are Stable. Fitch also assigned a Short-term foreign currency IDR of 'B'.

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