Belarus GDP Trends from 1992 to 2024: A overall increase with some decline Flow

Belarus's GDP changed from approximately $12B 800M in 1992 to $69B 48M in 2024, showing an overall 439.4% sharply increased during the period.
The lowest GDP was recorded in 1995 at $10B 532M, and the highest in 2014 at $78B 736M.
Over the 32-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.4%.
For comparison, the average annual growth rate of Russia was 11.1%, and that of Ukraine was 6.9%.

Overview of Belarus's GDP (1992–2024)

The Gross Domestic Product (GDP) of Belarus recorded a 439.4% sharply increased from 1992 to 2024.
The average GDP during this period was $41B 883M, and the median was $47B 703M.
GDP fluctuated within a range of $68B 204M, with a standard deviation of $24B 501M.
The average annual change was $2B 295M.


Belarus GDP from 1992 to 2024

The total market value of goods and services produced annually in Belarus.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1995, $10B 532M
    • Highest GDP: 2014, $78B 736M
    • Most Recent GDP: 2024, $69B 48M

    Notable Annual GDP Changes

    • 2008: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Belarus's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $64B 414M → $61B 312M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $46B 815M → $50B 855M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $10B 785M → $12B 778M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $14B 91M → $15B 215M
    • Outcome: increased

    Key Economic Indicators of Belarus (1992–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1992
    $ 12B 800M
    $ 1,252.79
    $ 4,963.40
    $ 50B 711M
    0 %
    1.733 %
    0 %
    0 %
    10M 217K people
    1993
    $ 11B 408M
    $ 1,114.10
    $ 4,684.33
    $ 47B 968M
    -7.6 %
    -3.813 %
    19.45 %
    0 %
    10M 240K people
    1994
    $ 15B 687M
    $ 1,533.72
    $ 4,229.55
    $ 43B 260M
    -11.7 %
    -2.829 %
    14.24 %
    0 %
    10M 228K people
    1995
    $ 10B 532M
    $ 1,034.93
    $ 3,858.81
    $ 39B 271M
    -11.084 %
    -4.351 %
    20.41 %
    0 %
    10M 177K people
    1996
    $ 14B 494M
    $ 1,429.06
    $ 4,052.47
    $ 41B 100M
    2.776 %
    -3.56 %
    19.95 %
    0 %
    10M 142K people
    1997
    $ 14B 91M
    $ 1,396.11
    $ 4,615.98
    $ 46B 589M
    11.434 %
    -6.098 %
    20.71 %
    0 %
    10M 93K people
    1998
    $ 15B 215M
    $ 1,514.67
    $ 5,086.11
    $ 51B 90M
    8.442 %
    -6.681 %
    20.01 %
    0 %
    10M 45K people
    1999
    $ 12B 133M
    $ 1,210.96
    $ 5,344.89
    $ 53B 550M
    3.354 %
    -1.597 %
    22.12 %
    0 %
    10M 19K people
    2000
    $ 10B 785M
    $ 1,079.61
    $ 5,797.60
    $ 57B 918M
    5.76 %
    -4.257 %
    22.64 %
    0 %
    9M 990K people
    2001
    $ 12B 778M
    $ 1,286.95
    $ 6,246.21
    $ 62B 16M
    4.717 %
    -4.139 %
    20.90 %
    -4.036 %
    9M 929K people
    2002
    $ 15B 92M
    $ 1,529.81
    $ 6,706.06
    $ 66B 159M
    5.048 %
    -2.158 %
    20.48 %
    -7.277 %
    9M 866K people
    2003
    $ 18B 420M
    $ 1,880.22
    $ 7,370.83
    $ 72B 210M
    7.033 %
    -2.476 %
    22.19 %
    -6.247 %
    9M 797K people
    2004
    $ 23B 928M
    $ 2,459.18
    $ 8,492.59
    $ 82B 634M
    11.439 %
    -4.981 %
    23.36 %
    -6.593 %
    9M 730K people
    2005
    $ 31B 239M
    $ 3,232.49
    $ 9,652.47
    $ 93B 281M
    9.452 %
    1.468 %
    29.60 %
    -6.365 %
    9M 664K people
    2006
    $ 38B 219M
    $ 3,979.11
    $ 11,012.44
    $ 105B 774M
    10.001 %
    -3.631 %
    28.19 %
    -7.347 %
    9M 605K people
    2007
    $ 46B 815M
    $ 4,896.50
    $ 12,344.17
    $ 118B 22M
    8.637 %
    -6.435 %
    27.27 %
    -7.434 %
    9M 561K people
    2008
    $ 62B 798M
    $ 6,590.86
    $ 13,917.68
    $ 132B 607M
    10.235 %
    -7.896 %
    29.33 %
    -10.353 %
    9M 528K people
    2009
    $ 50B 855M
    $ 5,350.62
    $ 14,061.57
    $ 133B 649M
    0.168 %
    -12.059 %
    24.80 %
    -6.48 %
    9M 505K people
    2010
    $ 57B 220M
    $ 6,033.41
    $ 15,376.89
    $ 145B 832M
    7.805 %
    -14.471 %
    26.19 %
    -3.535 %
    9M 484K people
    2011
    $ 61B 368M
    $ 6,485.98
    $ 16,563.20
    $ 156B 715M
    5.29 %
    -8.233 %
    28.98 %
    -1.733 %
    9M 462K people