Belarus GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Belarus expanded 0.70 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus is reported by the National Statistical Committee of the Republic of Belarus. From 2011 until 2013, Belarus GDP Annual Growth Rate averaged 3.2 Percent reaching an all time high of 11.1 Percent in June of 2011 and a record low of -1.5 Percent in December of 2012. Belarus’ foreign trade is characterized by the country’s preferential trade relationship with Russia. Access to discounted oil from Russia means that processed oil is the dominant Belarusian export (accounting for 33 percent of all exports). Belarus has traditionally excelled at heavy industry and is one of the world’s largest suppliers of mining and quarrying vehicles. Belarus’ other exports include food, chemical products, wood and furniture and metals. Belarus imports crude oil, machinery and transport equipment, manufactured goods, chemicals and related products, iron and steel, and food and live animals. Belarus’ main trading partners are Russia, Germany, the Ukraine, China and Latvia. . This page provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.70 -0.60 11.05 -1.50 -0.30 | 2013/12 2011 - 2013 Percent Quarterly

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Belarus GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 63.27 2012-12-31 64.27 64.27 12.14 67.88 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 0.70 2013-09-30 -0.60 11.05 -1.50 -0.30 2013-12-31 Percent [+]
GDP Constant Prices 37928.70 2013-11-15 43353.40 43576.30 31785.80 37429.52 2014-03-31 BYR Billion [+]
GDP per capita 4858.44 2012-12-31 4782.09 4858.44 1519.31 4980.11 2013-12-31 USD [+]
GDP per capita PPP 13427.25 2012-12-31 13216.25 13427.25 4198.92 13825.06 2013-12-31 USD [+]
Gross Fixed Capital Formation 18645.60 2013-11-15 17814.70 20468.40 9065.60 17081.09 2014-03-31 BYR Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Belarus Inflation Rate at 15.73 Percent  
The inflation rate in Belarus was recorded at 15.73 percent in February of 2014. Inflation Rate in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Producer Prices at 100.80 Index Points  
Producer Prices in Belarus decreased to 100.80 Index Points in March of 2014 from 100.90 Index Points in February of 2014. Producer Prices in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Unemployed Persons at 23.00 Thousand  
The number of unemployed persons in Belarus increased to 23 Thousand in February of 2014 from 21.80 Thousand in January of 2014. Unemployed Persons in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Average Monthly Wages at 5389.20 BYR Thousand  
Wages in Belarus increased to 5389.20 BYR Thousand in February of 2014 from 5322.40 BYR Thousand in January of 2014. Wages in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Capital Flows at -2727.10 USD Million  
Capital Flows in Belarus decreased to -2727.10 USD Million in the fourth quarter of 2013 from -2624.80 USD Million in the third quarter of 2013. Capital Flows in Belarus is reported by the National Bank of the Republic of Belarus.
Belarus Changes in Inventories at 683.90 BYR Billion  
Changes in Inventories in Belarus decreased to 683.90 BYR Billion in the fourth quarter of 2013 from 1659.70 BYR Billion in the third quarter of 2013. Changes in Inventories in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Consumer Price Index (CPI) at 4362627129.40 Index Points  
Consumer Price Index (CPI) in Belarus increased to 4362627129.40 Index Points in February of 2014 from 4277504784.19 Index Points in January of 2014. Consumer Price Index (CPI) in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Consumer Spending at 24890.30 BYR Billion  
Consumer Spending in Belarus decreased to 24890.30 BYR Billion in the fourth quarter of 2013 from 31197.40 BYR Billion in the third quarter of 2013. Consumer Spending in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Current Account at -1981.10 USD Million  
Belarus recorded a Current Account deficit of 1981.10 USD Million in the fourth quarter of 2013. Current Account in Belarus is reported by the National Bank of the Republic of Belarus.
Belarus Employed Persons at 4485.40 Thousand  
The number of employed persons in Belarus increased to 4485.40 Thousand in February of 2014 from 4482.50 Thousand in January of 2014. Employed Persons in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
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