Read more about Belarus Economy. Its overall score has increased by 3.8 points, driven by higher scores for fiscal health and financial freedom. All Rights Reserved. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. MINSK, May 26, 2020 – As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Development of the financial sector has progressed slowly. Weißrussland gliedert sich in sechs Verwaltungsgebiete (weißrussisch Woblasz) mit 118 Bezirken ().Die Hauptstadt Minsk hat einen Sonderstatus und gehört keiner der Woblasze an. See more from the 2020 Index. Global data and statistics, research and publications, and topics in poverty and development. LinkedIn GDP growth has yet to catch up, however, primarily because of the continuing recovery from recession and commodity price weakness in 2015–2016. Press Twitter Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Since the Republic of Belarus joined the World Bank in 1992, lending commitments to the country have totaled $2.1 billion. About The overall tax burden equals 25.1 percent of total domestic income. New non-Russian foreign investment has essentially disappeared in recent years, largely because of Belarus’s unfavorable investment climate. Business Freedom 76.4 Create a Graph using this measurement, Labor Freedom 74.8 Create a Graph using this measurement, Monetary Freedom 69.8 Create a Graph using this measurement. Client Log In, Facebook Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Industrial output grew 1.1% year-on-year in July (June: +0.9% yoy). Despite some progress in opening up the economy, government policies like sectoral restrictions limit foreign investment. Lack of transparency and lack of government accountability encourage graft. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. This site uses cookies to optimize functionality and give you the best possible experience. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Belarus’s economic freedom score is 61.7, making its economy the 88th freest in the 2020 Index. Tax Burden 88.8 Create a Graph using this measurement, Government Spending 54.1 Create a Graph using this measurement, Fiscal Health 95.4 Create a Graph using this measurement. Exports will be suppressed by feeble external demand, while investment will weaken as business expectations deteriorate amid an uncertain backdrop. Belarus has one of the lowest poverty rates in Europe, but economic growth is subdued due to ageing state-run industries and the ending of Russian energy subsidies. LinkedIn If you continue to navigate this website beyond this page, cookies will be placed on your browser. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Belarus is a former Soviet republic. Opposition groups united in a coalition for the 2016 parliamentary elections, which international observers viewed as rigged, but failed to make meaningful gains. | Belarus Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Industrial Production (annual variation in %), Inflation Rate (CPI, annual variation in %, eop), Inflation Rate (CPI, annual variation in %), Belarus: Industrial output deteriorates in August, Belarus: Inflation rises to one-year high in August, Belarus: Widespread protests spur uncertainty, weakening ruble, Belarus: Industrial output growth accelerates in July, Belarus: Central Bank keeps the policy rate unchanged in August.
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