Economic Trivia

State banks account for 75% of the banking sector.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2016): Russia, Ukraine, and China
Top 3 Exported Goods (2016): Oil & Mineral Fuels, Fertilizers , and Dairy Products

Top Industries Source: CIA World Factbook

Metal-Cutting Machine Tools; Tractors; Trucks; Earthmovers

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $171,657,569,998 (2016)
GDP Growth Rate (annual %) -2.649% (2016)
GDP Per Capita, PPP (current international) $18,066 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 70/195 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 11.837% (2016)
External debt stocks, total (DOD, current US$) $37,515,486,000 (2016)
Total tax rate (% of commercial profits) 52.9% (2017)
Real Interest Rate (5 year average %) 6.161% (2016)
Manufacturing, value added (% of GDP) 22.752% (2016)
Current Account Balance (BoP, current US$) ($1,669,100,000) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,048,872 (2017)
Employment in Agriculture (% of total employment) 9.871% (2017)
Employment in Industry (% of total employment) 31.171% (2017)
Employment in Services (% of total employment) 58.957% (2017)
Unemployment Rate 0.481% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $29,751,306,795 (2016)
Exports of goods and services (current US$) $29,707,177,322 (2016)
Total Merchandise Trade (% of GDP) 107.477% (2016)
FDI, net inflows (BoP, current US$) $1,246,900,000 (2016)
Commercial Service Exports (current US$) $6,805,100,000 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Belarus’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank