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%.
Belarus GDP from 1992 to 2024
The total market value of goods and services produced annually in Belarus.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |