[21] [not in body] Belarus is the world's 74th-largest economy by GDP. As of 2018, Belarus ranks 53rd from 189 countries on the United Nations Human Development Index, and appeared in the group of states with "very high development".

Want to get insight on the economic outlook for Belarus in the coming years? FocusEconomics collects projections out to 2034 on 45 economic indicators for Belarus from a panel of 14 analysts at the leading national, regional and global forecast institutions.

Belarus adheres to the concept of a socially-oriented market economy, which has proved its viability and efficiency. Overall, in 2010-2023, the country's GDP expanded by 20.1% in comparable prices, with productivity growing by 35.2% over the period.

Since its independence, Belarus has pursued a gradual transition path, characterized by limited structural reforms and a modest expansion of the private sector. The benefits of trade, especially with energy commodities, contributed to the success of a gradualist strategy in terms of real GDP growth and poverty reduction.

Access the latest politics analysis and economic growth summary through 2011 for Belarus from The Economist Intelligence Unit

Access Belarus’s economy facts, statistics, project information, development research from experts and latest news.

Data ranges from -11.7 to 11.45. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Belarus economic data on Prosperity Data360.

How is the economy of Belarus? Based on the information we have, Belarus has a declining Russian energy subsidies will end in 2024; growing public debt; strong currency pressures have led to higher inflation; recent price controls on basic food and drugs; public sector wage increases and fragile private sector threaten household income gains ...

World Economics estimates Belarus's 2024 GDP at $363 billion in PPP terms (Purchasing Power Parity) and an initial estimate of $371 billion for 2025. This figure is 38% higher than the official estimate published by the World Bank.

Includes historical data for the Belarus’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership. After seven decades as part of the Soviet Union, Belarus reclaimed its sovereignty in 1991.