Macroeconomic Environment

  • Annual
  • Quarterly
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Indicator

Unit

2014

2015

2016

2017

2018

2019

2020

Nominal GDP

BYN mn

80,579 89,910 94,949 105,748  122,320 134,732 147,006
Nominal GDP [1]

USD mn

78,879 56,673 47,749 54,741  60,061 64,422 60,375
Nominal GDP per capita

USD per annum

8,348 5,981 5,035 5,787  6,363 6,839 6,437
Real GDP growth rate

%

1.7% -3.8% -2.5% 2.5%  3.1% 1.4% -0.9%
Industrial production index, y-o-y

%

101.9% 93.4% 99.6% 106.1%  105.7% 101.0% 99.3%
USD/BYN exchange rate, e-o-p

-

1.19 1.86 1.96 1.97  2.16 2.10 2.58
USD/BYN exchange rate, average

-

1.02 1.59 1.99 1.93  2.04 2.09 2.43
Consumer price index, y-o-y

%

118.1% 113.5% 111.8% 106.0%  104.9% 105.6% 105.5%
Food price index, y-o-y

%

118.6% 112.1% 110.4% 107.0%  104.0% 106.0% 104.6%
Population, e-o-p

ths

9,453 9,498 9,470 9,448 9,429  9,410 9,350
% of urban population

%

76.5% 76.7% 76.9% 77.1% 77.3%  77.6% 77.9%
Unemployment rate, e-o-p

%

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

BYN mn

52,628 56,289 58,705 64,107  72,787 81,659 90,116
Real disposable cash incomes of households growth rate, y-o-y

%

0.9% -5.9% -6.9% 2.8% 7.9% 6.1% 4.6%
Nominal average monthly wage

BYN

609.1 671.9 722.7 822.8  971.4 1,092.9 1250.9
Real wage growth rate, y-o-y

%

1.3% -2.3% -3.8% 7.5%  12.6% 7.3% 8.2%
Disposable income, per month per household

BYN

822.3 908.1 962.3 1,043.5  1,217.0 1,357.5 1,488.2
including disposable cash income, per month per household

BYN

784.7 863.9 906.3 980.9  1,149.3 1,290.3 1,414.3
Consumer expenses, per month per household

BYN

578.4 632.9 677.7 756.2  872.3 966.5 1,063.7
share of disposable cash spent on consumer expenses

%

73.7% 73.3% 74.8% 77.1%  75.9% 74.9% 75.2%
share of food (incl. alcohol and tobacco) in consumer expenses

%

45.4% 45.4% 44.8% 43.7%  41.9% 41.5% 41.8%
Retail turnover

BYN mn

31,810 34,724 36,923 40,237  45,165 49,558 53,078
Food retail turnover

BYN mn

15,673 17,426 18,845 20,383  22,186 24,083 25,854
Share of food (incl. alcohol and tobacco) in total retail turnover

%

49.3% 50.2% 51.0% 50.7%  49.1% 48.6% 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.

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Indicator

Unit

Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Nominal GDP BYN mn 29,566 33,634 40,372 40,644 36,299
Nominal GDP [1] USD mn 14,481 13,792 16,108 15,790 13,999
Nominal GDP per capita

USD per quarter

1,540 1,468 1,714 1,685 1,497
Real GDP growth rate, cumulative from the year beginning, y-o-y

%

-0.2% -1.8% -1.2% -0.9% 0.9%
Industrial production index, y-o-y % 97.3% 96.9% 98.2% 99.3% 109.2%
USD/BYN exchange rate, e-o-p - 2.60 2.40 2.64 2.58 2.62
USD/BYN exchange rate, average - 2.23 2.44 2.51 2.57 2.59
Consumer price index, in the last month of the quarter, y-o-y % 104.9% 105.2% 106.1% 107.4% 108.5%
Food price index, in the last month of the quarter, y-o-y % 103.6% 104.8% 105.0% 106.2% 107.8%
Unemployment rate, e-o-p % 0.2% 0.2% 0.2% 0.2% 0.2%
Real disposable cash incomes of households growth rate,
cumulative from the year beginning, y-o-y
% 7.1% 5.4% 4.9% 4.6% 2.9%
Nominal average monthly wage BYN 1,155 1,222 1,278 1,351 1,322
Real wage growth rate, y-o-y % 8.9%  7.7% 7.7% 8.6% 5.4%
Share of food (incl. alcohol and tobacco) in consumer expenses % 42.0% 43.4% 40.6% 41.2% 44.6%
Retail turnover BYN mn 12,464 12,651 13,770 14,193 13,132
Food retail turnover BYN mn 6,013 6,454 6,616 6,771 6,457
Share of food (incl. alcohol and tobacco) in total retail turnover % 48.2% 51.0% 48.0% 47.7% 49.2%

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.