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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
