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The highly centralized Belarusian economy emphasizes full employment and a dominant public sector. It has been described as a welfare state [20] or market socialist. [21] Belarus is the world's 74th-largest economy by GDP.
Economic growth. Inflation indicators. Access the latest politics analysis and economic growth summary through 2011 for Belarus from The Economist Intelligence Unit.
Economy of Belarus. The Republic of Belarus is an export-oriented country with well-developed manufacturing industry, services sector and agriculture. Belarus adheres to the concept of a socially-oriented market economy, which has proved its viability and efficiency.
Belarus' economy in numbers: Nominal GDP of USD 68.6 billion in 2022. GDP per capita of USD 7,410 compared to the global average of USD 10,589. Average real GDP growth of 0.2% over the last decade.
However, despite high GDP growth rates, Belarus’ income levels remained below regional peers. In 2020, the COVID-19 shock had a limited impact on the economy due to the absence of mobility restrictions and credit support to state-owned enterprises.
Overview In 2022, Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 100 in total exports, the number 107 in total imports, the number 85 economy in terms of GDP per capita (current US$) and the number 32 most complex economy according to the Economic Complexity Index (ECI) .
26 maj 2020 · Belarus’s economy is being hit by the COVID-19 pandemic, ongoing contraction in its main trading partners, and the oil-price shock. The impact of the pandemic shock is expected to be temporary but severe, with the economy projected to contract at the sharpest pace in nearly 25 years.
