Macroeconomic Environment
- Annual
- Quarterly
|
Indicator |
Unit |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|---|---|---|---|---|---|---|---|---|
|
Nominal GDP |
BYN mn |
89,910 | 94,949 | 105,748 | 122,320 | 134,732 | 149,721 | 173,153 |
|
Nominal GDP [1] |
USD mn |
56,673 | 47,749 | 54,741 | 60,061 | 64,422 | 61,490 | 68,219 |
| Nominal GDP per capita |
USD per annum |
5,981 | 5,035 | 5,787 | 6,363 | 6,839 | 6,555 | 7,333 |
| Real GDP growth rate |
% |
-3.8% | -2.5% | 2.5% | 3.1% | 1.4% | -0.7% | 2.3% |
| Industrial production index, y-o-y |
% |
93.4% | 99.6% | 106.1% | 105.7% | 101.0% | 99.3% | 106.5% |
| USD/BYN exchange rate, e-o-p |
- |
1.86 | 1.96 | 1.97 | 2.16 | 2.10 | 2.58 | 2.55 |
|
USD/BYN exchange rate, average |
- |
1.59 | 1.99 | 1.93 | 2.04 | 2.09 | 2.43 | 2.54 |
| Consumer price index, y-o-y |
% |
113.5% | 111.8% | 106.0% | 104.9% | 104.7% | 105.5% | 109.5% |
| Food price index, y-o-y |
% |
112.1% | 110.4% | 107.0% | 104.0% | 104.3% | 104.6% | 109.4% |
| Population, e-o-p |
ths |
9,498 | 9,470 | 9,448 | 9,429 | 9,410 | 9,350 | 9,256 |
| % of urban population |
% |
76.7% | 76.9% | 77.1% | 77.3% | 77.6% | 77.9% | 78.1% |
| Unemployment rate, e-o-p |
% |
1.0% |
0.8% |
0.5% | 0.3% | 0.2% |
0.2% |
0.1% |
| Disposable cash incomes of households |
BYN mn |
56,289 | 58,705 | 64,107 | 72,787 | 81,659 | 90,189 | 101,283 |
| Real disposable cash incomes of households growth rate, y-o-y |
% |
-5.9% | -6.9% | 2.8% | 7.9% | 6.1% | 4.7% | 2.0% |
| Nominal average monthly wage |
BYN |
671.9 | 722.7 | 815.2 | 958.1 | 1,090.9 | 1,250.9 | 1,434.4 |
| Real wage growth rate, y-o-y |
% |
-3.1% | -4.0% | 6.2% | 11.6% | 7.3% | 8.2% | 4.4% |
| Disposable income, per month per household |
BYN |
908.1 | 962.3 | 1,043.5 | 1,217.0 | 1,357.5 | 1,459.8 | 1,599.4 |
| including disposable cash income, per month per household |
BYN |
863.9 | 906.3 | 980.9 | 1,149.3 | 1,290.3 | 1,391.2 | 1,523.9 |
| Consumer expenses, per month per household |
BYN |
632.9 | 677.7 | 756.2 | 872.3 | 966.5 | 1,063.7 | 1,129.2 |
| share of disposable cash spent on consumer expenses |
% |
73.3% | 74.8% | 77.1% | 75.9% | 74.9% | 76.5% | 74.1% |
| share of food (incl. alcohol and tobacco) in consumer expenses |
% |
45.4% | 44.8% | 43.7% | 41.9% | 41.5% | 41.8% | 42.7% |
| Retail turnover |
BYN mn |
34,724 | 36,923 | 40,237 | 45,165 | 49,558 | 53,539 | 59,951 |
| Food retail turnover |
BYN mn |
17,426 | 18,845 | 20,383 | 22,186 | 24,083 | 26,197 | 28,989 |
| Share of food (incl. alcohol and tobacco) in total retail turnover |
% |
50.2% | 51.0% | 50.7% | 49.1% | 48.6% | 48.9% | 48.4% |
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.
|
Indicator |
Unit |
Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Nominal GDP | BYN mn | 33,003 | 34,398 | 40,886 | 41,434 | 37,051 | 41,414 | 47,031 | 47,658 | 42,617 |
| Nominal GDP [1] | USD mn | 14,770 | 14,105 | 16,313 | 16,097 | 14,289 | 16,218 | 18,681 | 19,141 | 15,322 |
| Nominal GDP per capita |
USD per quarter |
1,540 | 1,468 | 1,714 | 1,685 | 1,497 | 1,735 | 1,998 | 2,058 | 1,655 |
|
Real GDP growth rate, cumulative from the year beginning, y-o-y |
% | 0.1% | -1.5% | -0.9% | -0.7% | 1.1% | 3.5% | 2.7% | 2.3% | -0.4% |
| Industrial production index, y-o-y | % | 97.3% | 96.9% | 98.2% | 99.3% | 109.2% | 110.4% | 107.9% | 106.5% | 100.2% |
| USD/BYN exchange rate, e-o-p | - | 2.60 | 2.40 | 2.64 | 2.58 | 2.62 | 2.53 | 2.51 | 2.55 | 2.97 |
| USD/BYN exchange rate, average | - | 2.23 | 2.44 | 2.51 | 2.57 | 2.59 | 2.55 | 2.52 | 2.49 | 2.78 |
|
Consumer price index, in the last month of the quarter, y-o-y |
% | 104.9% | 105.2% | 106.1% | 107.4% | 108.5% | 109.9% | 110.2% | 110.0% | 115.9% |
|
Food price index, in the last month of the quarter, y-o-y |
% | 103.6% | 104.8% | 105.0% | 106.2% | 107.8% | 109.1% | 111.2% | 111.4% | 115.6% |
| Unemployment rate, e-o-p | % | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% |
| Real disposable cash incomes of households growth rate, cumulative from the year beginning, y-o-y | % | 7.3% | 5.4% | 5.1% | 4.7% | 2.8% | 3.4% | 2.6% | 2.0% | 0.2% |
| Nominal average monthly wage | BYN | 1,155 | 1,222 | 1,278 | 1,351 | 1,322 | 1,416 | 1,461 | 1,542 | 1,554 |
| Real wage growth rate, y-o-y | % | 8.9% | 7.7% | 7.7% | 8.6% | 5.4% | 5.7% | 3.7% | 3.1% | 4.5% |
|
Share of food (incl. alcohol and tobacco) in consumer expenses [2] |
% | 42.0% | 43.4% | 40.6% | 41.2% | 44.6% | 43.5% | 41.6% | 41.3% | n.a. |
| Retail turnover | BYN mn | 12,523 | 12,861 | 13,925 | 14,231 | 13,132 | 14,767 | 15,696 | 16,356 | 15,601 |
| Food retail turnover | BYN mn | 6,105 | 6,596 | 6,708 | 6,787 | 6,457 | 7,169 | 7,452 | 7,911 | 7,617 |
| Share of food (incl. alcohol and tobacco) in total retail turnover | % | 48.8% | 51.3% | 48.2% | 47.7% | 49.2% | 48.5% | 47.5% | 48.4% | 48.8% |
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.
[2] The indicator for Q1 2022 will be published by National Statistical Committee on 2 June 2022.