Macroeconomic Environment
- Annual
- Quarterly
|
Indicator |
Unit |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|---|---|---|---|
|
Nominal GDP |
BYN mn |
94,949 | 105,748 | 122,320 | 134,732 | 149,721 | 176,879 | 193,741 | 216,100 |
|
Nominal GDP [1] |
USD mn |
47,749 | 54,741 | 60,061 | 64,422 | 61,490 | 69,687 | 73,950 | 72,005 |
| Nominal GDP per capita |
USD per annum |
5,035 | 5,787 | 6,363 | 6,839 | 6,555 | 7,491 | 8,014 | 7,845 |
| Real GDP growth rate |
% |
-2.5% | 2.5% | 3.1% | 1.4% | -0.7% | 2.4% | -4.7% | 3.9% |
| Industrial production index, y-o-y |
% |
99.6% | 106.1% | 105.7% | 101.0% | 99.3% | 106.5% | 94.6% | 107.7% |
| USD/BYN exchange rate, e-o-p |
- |
1.96 | 1.97 | 2.16 | 2.10 | 2.58 | 2.55 | 2.74 | 3.18 |
|
USD/BYN exchange rate, average |
- |
1.99 | 1.93 | 2.04 | 2.09 | 2.43 | 2.54 | 2.62 | 3.00 |
| Consumer price index, y-o-y |
% |
111.8% | 106.0% | 104.9% | 104.7% | 105.5% | 109.5% | 115.2% | 105.1% |
| Food price index, y-o-y |
% |
110.4% | 107.0% | 104.0% | 104.3% | 104.6% | 109.4% | 116.5% | 106.3% |
| Population, e-o-p |
ths |
9,470 | 9,448 | 9,429 | 9,410 | 9,350 | 9,256 | 9,201 | 9,156 |
| % of urban population |
% |
76.9% | 77.1% | 77.3% | 77.6% | 77.9% | 78.1% | 78.4% | 78.6% |
| Unemployment rate, e-o-p |
% |
0.8% |
0.5% | 0.3% | 0.2% |
0.2% |
0.1% |
0.1% |
0.1% |
| Disposable cash incomes of households |
BYN mn |
58,705 | 64,107 | 72,787 | 81,659 | 90,189 | 101,383 | 113,741 | 129,221 |
| Real disposable cash incomes of households growth rate, y-o-y |
% |
-6.9% | 2.8% | 7.9% | 6.1% | 4.7% | 2.1% | -3.6% | 6.4% |
| Nominal average monthly wage |
BYN |
722.7 | 815.2 | 958.1 | 1,090.9 | 1,250.9 | 1,434.4 | 1,630.9 | 1,902.3 |
| Real wage growth rate, y-o-y |
% |
-4.0% | 6.2% | 11.6% | 7.3% | 8.2% | 4.4% | -1.8% | 11.0% |
| Disposable income, per month per household |
BYN |
962.3 | 1,043.5 | 1,217.0 | 1,357.5 | 1,459.8 | 1,599.4 | 1,781.5 | 2,079.3 |
| including disposable cash income, per month per household |
BYN |
906.3 | 980.9 | 1,149.3 | 1,290.3 | 1,391.2 | 1,523.9 | 1,696.6 | 1,988.9 |
| Consumer expenses, per month per household |
BYN |
677.7 | 756.2 | 872.3 | 966.5 | 1,063.7 | 1,129.2 | 1,249.1 | 1,429.5 |
| share of disposable cash spent on consumer expenses |
% |
74.8% | 77.1% | 75.9% | 74.9% | 76.5% | 74.1% | 73.6% | 71.9% |
|
share of food (incl. alcohol and tobacco) in consumer expenses |
% |
44.8% | 43.7% | 41.9% | 41.5% | 41.8% | 42.7% | 42.2% | 41.2% |
| Retail turnover |
BYN mn |
36,923 | 40,237 | 45,165 | 49,558 | 53,539 | 60,067 | 68,059 | 76,952 |
| Food retail turnover |
BYN mn |
18,845 | 20,383 | 22,186 | 24,083 | 26,197 | 29,137 | 33,696 | 37,494 |
| share of food (incl. alcohol and tobacco) in total retail turnover |
% |
51.0% | 50.7% | 49.1% | 48.6% | 48.9% | 48.5% | 49.5% | 48.7% |
Source: National Statistical Committee, National Bank of the Republic of Belarus
[1] Nominal GDP in USD is calculated by dividing the nominal GDP in BYN by the average exchange rate of the Belarusian ruble to USD for the reporting period.
|
Indicator |
Unit |
Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Nominal GDP | BYN mn | 44,578 | 52,832 | 52,020 | 46,840 | 51,083 | 59,042 | 59,135 | 54,177 | 59,619 |
| Nominal GDP [1] | USD mn | 16,952 | 20,529 | 20,785 | 17,020 | 17,429 | 18,777 | 18,486 | 16,879 | 18,513 |
| Nominal GDP per capita |
USD per quarter |
1,832 | 2,218 | 2,246 | 1,850 | 1,894 | 2,041 | 2,009 | 1,843 | 2,022 |
| Real GDP growth rate, cumulative from the year beginning, y-o-y |
% | -4.2% | -4.6% | -4.7% | -1.9% | 2.1% | 3.6% | 3.9% | 4.3% | 5.0% |
| Industrial production index, y-o-y | % | 94.8% | 93.9% | 94.6% | 101.8% | 106.0% | 108.1% | 106.5% | 106.5% | 107.1% |
| USD/BYN exchange rate, e-o-p | - | 2.52 | 2.48 | 2.74 | 2.86 | 3.03 | 3.29 | 3.18 | 3.25 | 3.16 |
| USD/BYN exchange rate, average | - | 2.63 | 2.57 | 2.50 | 2.75 | 2.93 | 3.14 | 3.20 | 3.21 | 3.22 |
| Consumer price index, in the last month of the quarter, y-o-y | % | 117.6% | 117.4% | 112.8% | 106.0% | 102.9% | 102.0% | 105.8% | 102.2% | 105.8% |
| Food price index, in the last month of the quarter, y-o-y | % | 119.6% | 118.3% | 113.8% | 109.2% | 103.6% | 102.4% | 106.8% | 100.5% | 106.4% |
| Unemployment rate, e-o-p | % | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Real disposable cash incomes of households growth rate, cumulative from the year beginning, y-o-y | % | -2.8% | -3.9% | -3.6% | 0.2% | 3.9% | 5.8% | 6.4% | 9.1% | 9.6% |
| Nominal average monthly wage | BYN | 1,589 | 1,651 | 1,731 | 1,731 | 1,861 | 1,948 | 2,071 | 2,066 | 2,222 |
| Real wage growth rate, y-o-y | % | -4.7% | -4.6% | -1.8% | 1.7% | 13.1% | 15.3% | 13.8% | 13.0% | 13.1% |
| Share of food (incl. alcohol and tobacco) in consumer expenses | % | 43.8% | 41.1% | 41.8% | 43.0% | 42.5% | 39.7% | 39.9% | 41.4% | 40.7% |
| Retail turnover | BYN mn | 16,615 | 17,923 | 17,729 | 16,599 | 18,923 | 19,785 | 21,050 | 19,665 | 21,957 |
| Food retail turnover | BYN mn | 8,550 | 8,897 | 8,584 | 8,393 | 9,391 | 9,671 | 9,799 | 9,567 | 10,492 |
| Share of food (incl. alcohol and tobacco) in total retail turnover | % | 51.5% | 49.6% | 48.4% | 50.6% | 49.6% | 48.9% | 46.6% | 48.6% | 47.8% |
Source: National Statistical Committee, National Bank of the Republic of Belarus
[1] Nominal GDP in USD is calculated by dividing the nominal GDP in BYN by the average exchange rate of the Belarusian ruble to USD for the reporting period.