Belarus GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Belarus expanded 0.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Belarus averaged 2.69 Percent from 2011 until 2014, reaching an all time high of 11.05 Percent in the second quarter of 2011 and a record low of -1.50 Percent in the fourth quarter of 2012. GDP Annual Growth Rate in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
||2011 - 2014
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.
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