Belarus

1980

2026

2030

Belarus

1980

2026

2030

Belarus Economic Statistics (2026)

What to know

GDP per capita (PPP) in 2026: $35,338—an upper-middle income level.

The economy experienced a recession in recent years.

Inflation is high at 7.5%, eroding purchasing power.

The government runs a fiscal surplus, providing room for future investment or debt reduction.

Key statistics for 2026

GDP per capita (PPP)

$35,338

GDP growth

+1.4%

Inflation rate

7.5%

Unemployment

2.9%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

How has the economy recovered from recession?

Total economic output and annual growth rate

Total GDP is $91 billion, with slow growth of 1.4% in 2026.

Living Standards

How wealthy are citizens on average?

Average economic output per person

GDP per capita is $10,016 in nominal terms, but $35,338 when adjusted for local purchasing power—indicating lower prices than in the US.

Prices & Employment

How severe is inflation?

Consumer price inflation and labor market conditions

The economy is experiencing high inflation at 7.5% and near full employment at 2.9%.

Government Finances

How does the government manage its finances?

Government debt, revenue, and expenditure as percentage of GDP

Government debt is moderate at 37% of GDP. The government collects more than it spends (revenue: 43.6%, expenditure: 42.4% of GDP).

External & Fiscal Balance

What is the external and fiscal balance?

Fiscal balance and current account as percentage of GDP

The country is running a fiscal surplus of 1.2% and a current account deficit of 3.1% of GDP.

The bottom line

Belarus has an upper-middle income economy with GDP per capita (PPP) of $35k. After a recent recession, growth has returned. High inflation (7.5%) is a challenge. The government is running a fiscal surplus.