Macroeconomic Environment

  • Annual
  • Quarterly
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Indicator

Unit

2013

2014

2015

2016

2017

2018

2019

Nominal GDP

BYN mn

67,069 80,579 89,910 94,949 105,748  122,320 131,952
Nominal GDP [1]

USD mn

75,563 78,879 56,673 47,749 54,741  60,061 63,093
Nominal GDP per capita

USD per annum

7,983 8,325 5,972 5,025 5,763  6,349 6,699
Real GDP growth rate

%

1.0% 1.7% -3.8% -2.5% 2.5%  3.1% 1.2%
Industrial production index, y-o-y

%

95.1% 101.9% 93.4% 99.6% 106.1%  105.7% 101.0%
USD/BYN exchange rate, e-o-p

-

0.95 1.19 1.86 1.96 1.97  2.16 2.10
USD/BYN exchange rate, average

-

0.89 1.02 1.59 1.99 1.93  2.04 2.09
Consumer price index, y-o-y

%

118.3% 118.1% 113.5% 111.8% 106.0%  104.9% 105.6%
Food price index, y-o-y

%

118.8% 118.6% 112.1% 110.4% 107.0%  104.0% 106.0%
Population, e-o-p

ths

9,468 9,481 9,498 9,505 9,492  9,427 9,408
% of urban population

%

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

%

0.5%
0.5%
1.0% 0.8%
0.5%  0.3% 0.2%
Disposable cash incomes of households

BYN mn

44,229 52,628 56,289 58,705 64,107  72,787 81,659
Real disposable cash incomes of households growth rate, y-o-y

%

16.3% 0.9% -5.9% -6.9% 2.8% 7.9% 6.1%
Nominal average monthly wage

BYN

506.1 609.1 671.9 722.7 822.8  971.4 1,092.9
Real wage growth rate, y-o-y

%

16.4% 1.3% -2.3% -3.8% 7.5%  12.6% 7.3%
Disposable income, per month per household

BYN

665.0 822.3 908.1 962.3 1,043.5  1,217.0 1,357.5
including disposable cash income, per month per household

BYN

641.3 784.7 863.9 906.3 980.9  1,149.3 1,290.3
Consumer expenses, per month per household

BYN

473.4 578.4 632.9 677.7 756.2  872.3 966.5
share of disposable cash spent on consumer expenses

%

73.8% 73.7% 73.3% 74.8% 77.1%  75.9% 74.9%
share of food (incl. alcohol and tobacco) in consumer expenses

%

43.8% 45.4% 45.4% 44.8% 43.7%  41.9% 41.5%
Retail turnover

BYN mn

26,802 31,810 34,724 36,923 40,237  45,165 49,558
Food retail turnover

BYN mn

12,863 15,673 17,426 18,845 20,383  22,186 24,083
Share of food (incl. alcohol and tobacco) in total retail turnover

%

48.0% 49.3% 50.2% 51.0% 50.7%  49.1% 48.6%

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.

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Indicator

Unit

Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
Nominal GDP BYN mn 29,077 31,688 36,170 35,016 32,356 33,634 40,594
Nominal GDP [1] USD mn 13,551 15,147 17,595 16,888 14,481 13,792 16,197
Nominal GDP per capita

USD per quarter

1,438 1,605 1,861 1,791 1,540 1,468 1,723
Real GDP growth rate, cumulative from the year beginning, y-o-y

%

1.3% 0.9% 1.1% 1.2% -0.2% -1.8% -1.3%
Industrial production index, y-o-y % 100.9% 100.1% 100.7% 101.0% 97.3% 96.9% 98.2%
USD/BYN exchange rate, e-o-p - 2.13 2.04 2.07 2.10 2.60 2.40 2.64
USD/BYN exchange rate, average - 2.15 2.09 2.06 2.07 2.23 2.44 2.51
Consumer price index, in the last month of the quarter, y-o-y % 105.8% 105.7% 105.3% 104.7% 104.9% 105.2% 106.1%
Food price index, in the last month of the quarter, y-o-y % 106.6% 106.1% 105.8% 104.3% 103.6% 104.8% 105.0%
Unemployment rate, e-o-p % 0.3% 0.3% 0.3% 0.2% 0.2% 0.2% 0.2%
Real disposable cash incomes of households growth rate,
cumulative from the year beginning, y-o-y
% 7.2% 7.0% 6.8% 6.1% 7.1% 5.4% 4.9%
Nominal average monthly wage BYN 1,011.0 1,074.6 1,119.6 1,158.5 1,155.4 1,222.4 1,277.9
Real wage growth rate, y-o-y % 7.8% 7.7%  8,0% 6.0% 8.9%  7.7% 7.7%
Share of food (incl. alcohol and tobacco) in consumer expenses % 42.5% 42.5% 40.3% 40.8% 42.0% 43.4% 40.6%
Retail turnover BYN mn 11,078 12,465 12,896 13,119 12,464 12,651 13,770
Food retail turnover BYN mn 5,493 6,095 6,202 6,293 6,013 6,454 6,616
Share of food (incl. alcohol and tobacco) in total retail turnover % 49.6% 48.9% 48.1% 48.0% 48.2% 51.0% 48.0%

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.