[ Nominal GDP in billions of USD ]
Year -
$75.96 billions
Belarus GDP expanded from 1990 to 2024, increasing from $17.39 billion to $75.96 billion.The compound annual growth rate (CAGR) averaged 4.43% over the period. The economy recorded its peak level in 2014 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 39.45%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 75.96 Billions | $ 301.47 Int Billions |
| Growth (YoY) | 4.806% | 6.525% |
| Net Change vs Previous Year | $ 3.48 Billion | $ 18.47 Int Billion |
| % of World GDP | 0.07% | 0.15% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | 17.39 | - | - | 53.19 | - | - |
| 1991 | 18.4 | 1.02 | 5.839 % | 54.33 | 1.14 | 2.141 % |
| 1992 | 16.94 | -1.47 | -7.96 % | 50.24 | -4.1 | -7.54 % |
| 1993 | 16.28 | -0.66 | -3.924 % | 47.52 | -2.72 | -5.41 % |
| 1994 | 14.93 | -1.34 | -8.256 % | 42.85 | -4.66 | -9.815 % |
| 1995 | 13.97 | -0.96 | -6.421 % | 39.2 | -3.65 | -8.521 % |
| 1996 | 14.5 | 0.53 | 3.777 % | 41.04 | 1.84 | 4.682 % |
| 1997 | 14.13 | -0.37 | -2.566 % | 46.5 | 5.47 | 13.321 % |
| 1998 | 15.22 | 1.09 | 7.74 % | 50.98 | 4.47 | 9.618 % |
| 1999 | 12.14 | -3.08 | -20.257 % | 53.46 | 2.48 | 4.863 % |
| 2000 | 12.74 | 0.6 | 4.93 % | 57.84 | 4.38 | 8.197 % |
| 2001 | 12.35 | -0.38 | -2.999 % | 61.94 | 4.1 | 7.083 % |
| 2002 | 14.59 | 2.24 | 18.131 % | 66.07 | 4.14 | 6.678 % |
| 2003 | 17.83 | 3.23 | 22.135 % | 72.12 | 6.05 | 9.157 % |
| 2004 | 23.14 | 5.32 | 29.823 % | 82.54 | 10.42 | 14.447 % |
| 2005 | 30.21 | 7.07 | 30.545 % | 93.13 | 10.59 | 12.83 % |
| 2006 | 36.96 | 6.75 | 22.349 % | 105.6 | 12.47 | 13.392 % |
| 2007 | 45.28 | 8.31 | 22.493 % | 117.79 | 12.19 | 11.542 % |
| 2008 | 60.75 | 15.48 | 34.183 % | 132.31 | 14.52 | 12.324 % |
| 2009 | 50.87 | -9.88 | -16.261 % | 133.39 | 1.08 | 0.818 % |
| 2010 | 57.23 | 6.36 | 12.499 % | 145.47 | 12.09 | 9.06 % |
| 2011 | 61.76 | 4.53 | 7.916 % | 156.72 | 11.24 | 7.727 % |
| 2012 | 65.69 | 3.92 | 6.353 % | 171.13 | 14.41 | 9.196 % |
| 2013 | 75.53 | 9.84 | 14.983 % | 179.55 | 8.43 | 4.924 % |
| 2014 | 78.81 | 3.29 | 4.35 % | 179.88 | 0.33 | 0.182 % |
| 2015 | 56.45 | -22.36 | -28.369 % | 171.56 | -8.32 | -4.624 % |
| 2016 | 47.72 | -8.73 | -15.466 % | 168.86 | -2.7 | -1.574 % |
| 2017 | 54.73 | 7 | 14.672 % | 174.18 | 5.31 | 3.146 % |
| 2018 | 60.03 | 5.31 | 9.695 % | 189.02 | 14.85 | 8.524 % |
| 2019 | 64.41 | 4.38 | 7.295 % | 210.08 | 21.06 | 11.139 % |
| 2020 | 61.37 | -3.04 | -4.717 % | 233.3 | 23.23 | 11.056 % |
| 2021 | 69.67 | 8.3 | 13.528 % | 256.86 | 23.55 | 10.096 % |
| 2022 | 73.78 | 4.1 | 5.887 % | 262.35 | 5.49 | 2.139 % |
| 2023 | 72.48 | -1.3 | -1.757 % | 283.01 | 20.66 | 7.873 % |
| 2024 | 75.96 | 3.48 | 4.806 % | 301.47 | 18.47 | 6.525 % |
Between 1990 to 2024, Belarus experienced the following economic phases:
The most remarkable growth occurred in 2008 with an increase of 34.183%, while the largest decline was in 2015 at -28.369%.