Prices & public finance · Europe & Central Asia · Upper-middle income
Belarus: prices, money and public finance
Inflation is 6.6% (2025), 35th of 180 in the world and 9th of 49 in Europe & Central Asia. GDP deflator is 10.9% (2025), 27th of 209 in the world and 5th of 56 in Europe & Central Asia. Lending rate is 10.9% (2025), 52nd of 136 in the world and 10th of 24 in Europe & Central Asia.
Inflation
BelarusEurope & Central AsiaUpper-middle incomeWorld
GDP deflator
BelarusEurope & Central AsiaUpper-middle incomeWorld
14 indicators
Prices & public finance: Belarus in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 6.6%2025 | 35/180 | 9/49 | 168.6% | 7.7% | 5.5% | −6.9 ppsince 2015 | 3.7% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 10.9%2025 | 27/209 | 5/56 | 185.3% | 11.3% | 11.9% | −5.1 ppsince 2015 | 3.6% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 10.9%2025 | 52/136 | 10/24 | 67.7% | 9.2% | 9.0% | −7.1 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 0.0%2025 | 116/136 | 21/24 | -41.2% | -1.9% | -2.5% | −1.8 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 3.072025 | 130/210 | 23/57 | 0.09 | 0.30 | 2.44 | +93%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 13.0%2024 | 98/142 | 42/48 | 16.6% | 16.3% | 12.0% | +0.3 ppsince 2014 | 19.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 28.1%2024 | 58/142 | 40/48 | 28.7% | 30.3% | 28.1% | +0.2 ppsince 2014 | 34.7% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 28.5%2023 | 60/142 | 37/47 | 25.3% | 30.2% | 29.9% | +0.2 ppsince 2013 | 38.9% | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 33.2%2019 | 60/78 | 14/19 | 15.0% | 18.9% | 33.2%2019 | +14.7 ppsince 2009 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 46.1%2024 | 52/119 | 13/20 | 20.7% | 50.7% | 71.0% | −6.2 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 29.2%2021 | 113/169 | 41/48 | · | 42.8% | 32.5% | −8.8 ppsince 2011 | 82.1% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 30.7%2021 | 120/146 | 26/28 | 17.7% | 29.5% | 33.9% | −5.5 ppsince 2011 | — | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.02025 | 114/165 | 29/49 | 0.5 | 1.6 | 2.3 | +116%since 2015 | 6.3 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 2.40%2025 | 44/156 | 16/47 | 1.37% | 2.31% | 1.59% | +0.6 ppsince 2015 | 2.83% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−6.9 pp6.6% in 2025
- External debt−6.2 pp46.1% in 2024
- Reserves, months of imports+116%3.0 in 2025
Worse than ten years ago
- Government debt+14.7 pp33.2% in 2019
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Belarus and its neighbours
Countries sharing a land border with Belarus. Latest values since 2005; the highest in each row is marked.
| Indicator | Belarus | Russia | Ukraine | Poland | Lithuania | Latvia |
|---|---|---|---|---|---|---|
| Inflation | 6.6%2025 | 8.7%2025 | 12.7%2025 | 3.8%2025 | 3.8%2025 | 3.7%2025 |
| GDP deflator | 10.9%2025 | 4.9%2025 | 14.5%2025 | 2.9%2025 | 3.6%2025 | 3.6%2025 |
| Lending rate | 10.9%2025 | 17.1%2024 | 19.7%2025 | — | — | — |
| Real interest rate | 0.0%2025 | 5.8%2024 | 4.6%2025 | — | — | — |
| Exchange rate | 3.072025 | 83.652025 | 41.692025 | 3.762025 | 0.882025 | 0.882025 |
| Tax revenue | 13.0%2024 | 10.9%2024 | 21.0%2024 | 17.4%2024 | 21.9%2024 | 17.6%2024 |
| Government revenue | 28.1%2024 | 27.8%2024 | 33.7%2024 | 35.9%2024 | 35.1%2024 | 33.9%2024 |
| Government expense | 28.5%2023 | 30.0%2023 | 65.6%2023 | 39.1%2023 | 33.9%2023 | 34.2%2023 |
| Government debt | 33.2%2019 | 17.9%2024 | 58.7%2020 | — | — | — |