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 is reported by the National Statistical Committee of the Republic of Belarus. GDP Annual Growth Rate in Belarus averaged 2.94 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.50 -0.30 11.05 -1.50 2.64 | 2014/06 2011 - 2014 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 68.75 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 0.50 2014-03-31 -0.30 11.05 -1.50 2.64 2014-06-30 Percent [+]
GDP Constant Prices 37928.70 2013-11-15 43353.40 43576.30 31785.80 39722.00 2014-06-30 BYR Billion [+]
GDP per capita 4858.44 2012-12-31 4782.09 4858.44 1519.31 5078.06 2014-06-30 USD [+]
GDP per capita PPP 13427.25 2012-12-31 13216.25 13427.25 4198.92 13989.10 2014-06-30 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 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.
Belarus Exports at 2892.20 USD Million  
Exports in Belarus increased to 2892.20 USD Million in February of 2014 from 2706.40 USD Million in January of 2014. Exports in Belarus is reported by the National Bank of the Republic of Belarus.
Belarus GDP Constant Prices at 37928.70 BYR Billion  
GDP Constant Prices in Belarus decreased to 37928.70 BYR Billion in the fourth quarter of 2013 from 43353.40 BYR Billion in the third quarter of 2013. GDP Constant Prices in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Government Budget Value at 1087.50 BYR Billion  
Belarus recorded a government budget surplus of 1087.50 BYR Billion in February of 2014. Government Budget Value in Belarus is reported by the National Bank of the Republic Of Belarus.
Belarus Government Spending at 5478.30 BYR Billion  
Government Spending in Belarus decreased to 5478.30 BYR Billion in the fourth quarter of 2013 from 5631.90 BYR Billion in the third quarter of 2013. Government Spending in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Gross Fixed Capital Formation at 18645.60 BYR Billion  
Gross Fixed Capital Formation in Belarus increased to 18645.60 BYR Billion in the fourth quarter of 2013 from 17814.70 BYR Billion in the third quarter of 2013. Gross Fixed Capital Formation in Belarus is reported by the National Statistical Committee of the Republic of Belarus.
Belarus Imports at 2922.30 USD Million  
Imports in Belarus increased to 2922.30 USD Million in February of 2014 from 2659.90 USD Million in January of 2014. Imports in Belarus is reported by the National Bank of the Republic of Belarus.
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 Money Supply M0 at 12111.49 BYR Billion  
Money Supply M0 in Belarus decreased to 12111.49 BYR Billion in March of 2014 from 12249.13 BYR Billion in February of 2014. Money Supply M0 in Belarus is reported by the National Bank of the Republic of Belarus.
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