Macroeconomic Environment

  • Annual
  • Quarterly
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Indicator

Unit

2013

2014

2015

2016

2017

2018

Nominal GDP

BYN mn

67,069 80,579 89,910 94,949 105,748  121,568
Nominal GDP

USD mn

75,563 78,879 56,673 47,749 54,741  59,692
Nominal GDP per capita

USD per annum

7,983 8,325 5,972 5,025 5,763  6,294
Real GDP growth rate

%

1.0% 1.7% -3.8% -2.5% 2.5%  3.0%
Industrial production index, y-o-y

%

95.1% 101.9% 93.4% 99.6% 106.1%  105.7%
USD/BYN exchange rate, e-o-p

-

0.95 1.19 1.86 1.96 1.97  2.16
USD/BYN exchange rate, average

-

0.89 1.02 1.59 1.99 1.93  2.04
Consumer price index, y-o-y

%

118.3% 118.1% 113.5% 111.8% 106.0%  104.9%
Food price index, y-o-y

%

118.8% 118.6% 112.1% 110.4% 107.0%  104.0%
Population, e-o-p

ths

9,468 9,481 9,498 9,505 9,492  9,475
% of urban population

%

76.8% 77.3% 77.6% 77.9% 78.1%  78.4%
Unemployment rate, e-o-p

%

0.5%
0.5%
1.0% 0.8%
0.6%  0.5%
Disposable cash incomes of households

BYN mn

44,229 52,628 56,289 58,705 64,107  72,787
Real disposable cash incomes of households growth rate, y-o-y

%

16.3% 0.9% -5.9% -6.9% 2.8% 7.9%
Nominal average monthly wage

BYN

506.1 609.1 671.9 722.7 822.8  958.1
Real wage growth rate, y-o-y

%

16.4% 1.3% -2.3% -3.8% 7.5%  11.6%
Disposable income, per month per household

BYN

665.0 822.3 908.1 962.3 1,043.5  1,217.0
including disposable cash income, per month per household

BYN

641.3 784.7 863.9 906.3 980.9  1,149.3
Consumer expenses, per month per household

BYN

473.4 578.4 632.9 677.7 756.2  872.3
share of disposable cash spent on consumer expenses

%

73.8% 73.7% 73.3% 74.8% 77.1%  75.9%
share of food (incl. alcohol and tobacco) in consumer expenses

%

43.8% 45.4% 45.4% 44.8% 43.7%  41.9%
Retail turnover

BYN mn

26,802 31,810 34,724 36,923 40,237  45,165
Food retail turnover

BYN mn

12,863 15,673 17,426 18,845 20,383  22,186
Share of food (incl. alcohol and tobacco) in total retail turnover

%

48.0% 49.3% 50.2% 51.0% 50.7%  49.1%

Source: National Statistical Committee, National Bank of the Republic of Belarus

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Indicator

Unit

Q1 2018 Q2 2018 Q3 2018 Q4 2018  Q1 2019 Q2 2019 
Nominal GDP BYN mn 26,640 29,269 33,202 32,457 28,553 31,758
Nominal GDP USD mn 13,495 14,609 16,225 15,264 13,306 15,181
Nominal GDP per capita

USD per quarter

1,422     1,541 1,712 1,611 1,405 1,605
Real GDP growth rate, cumulative from the year beginning, y-o-y

%

5.3%     4.6% 3.7% 3.0% 1.1% 0.9%
Industrial production index, y-o-y % 109.4%  107.8% 106.8% 105.7% 100.9% 100.1%
USD/BYN exchange rate, e-o-p - 1.97     1.99 2.11 2.16 2.13 2.04
USD/BYN exchange rate, average - 1.97     2.00 2.05 2.13 2.15 2.09
Consumer price index, in the last month of the quarter, y-o-y % 105.4%  104.1% 105.6% 105.6% 105.8% 105.9%
Food price index, in the last month of the quarter, y-o-y % 104.6%  102.3% 104.7% 105.7% 106.6% 106.5%
Population, e-o-p ths 9,484     9,478 9,477 9,475 9,465
9,456
Unemployment rate, e-o-p % 0.5%     0.4% 0.5% 0.5% 0.3% 0.3%
Real disposable cash incomes of households growth rate, cumulative from the year beginning, y-o-y % 7.6%     7.6% 7.8% 8.0% 7.3% 7.0%
Nominal average monthly wage BYN 880.8 940.1 976.1 1,035.6 1,011.0 1,074.6
Real wage growth rate, y-o-y % 13.5%    12.4% 11.1% 10.0% 14.2% 7.7%
Share of food (incl. alcohol and tobacco) in consumer expenses % 44.0%    43.0% 40.3% 40.7% 42.5% 42.5%
Retail turnover BYN mn 9,918 11,240 11,743 12,264 11,025 12,414
Food retail turnover BYN mn 5,024     5,624 5,717 5,821 5,445 6,032
Share of food (incl. alcohol and tobacco) in total retail turnover % 50.7%    50.0% 48.7% 47.5% 49.4% 48.6%

Source: National Statistical Committee, National Bank of the Republic of Belarus