Belarus

Description of Belarus

Belarus, a landlocked country in Eastern Europe, boasts a rich history and a unique geopolitical position, sandwiched between Russia to the east and Poland to the west. With a diverse economy heavily reliant on agriculture, manufacturing, and services, Belarus has faced both challenges and opportunities in navigating its path towards economic development and political stability. As a key player in the Eurasian Economic Union and a close ally of Russia, Belarus' strategic decisions have far-reaching implications not only for its own citizens but also for the broader regional dynamics in Europe and beyond. This website delves into the intricate nuances of Belarus' macroeconomic landscape, exploring how various statistics and indicators influence its trajectory on the world stage.

Population And Age Structure

Population, total: Belarus has a population of 9,379,952, which is significantly below the average population of 40,097,746. Belarus ranks 95th out of 194 countries in this attribute data.

Population ages 0-14 (% of total population): Belarus has 16.84% of its population in the 0-14 age group, lower than the average of 27.34%. Belarus ranks 152nd out of 194 countries in this category.

Population ages 0-14, total: Belarus has 1,579,559 individuals aged 0-14, below the average of 10,327,379. Belarus ranks 107th out of 194 countries in this attribute.

Population ages 15-64 (% of total population): Belarus has 66.61% of its population aged 15-64, slightly higher than the average of 63.44%. Belarus ranks 59th out of 194 countries in this demographic.

Population ages 15-64, total: Belarus has 6,247,755 individuals aged 15-64, below the average of 26,003,407. Belarus ranks 92nd out of 194 countries in this age group.

Population ages 65 and above (% of total population): Belarus has 16.55% of its population aged 65 and above, higher than the average of 9.22%. Belarus ranks 36th out of 194 countries in this segment.

Population ages 65 and above, total: Belarus has 1,552,638 individuals aged 65 and above, below the average of 3,766,959. Belarus ranks 56th out of 194 countries in this age group.

Summary

Belarus has a smaller population than the global average with a notable proportion in the working-age bracket (15-64 years). The country has a higher percentage of elderly citizens compared to the world average. These demographic indicators are crucial as they impact the labor force dynamics, healthcare needs, and social welfare programs within Belarus.

Population Miscellaneous

Rural population in Belarus is 1,924,485, which is below the average rural population of 18,044,041. Belarus ranks 105th out of 190 countries in this attribute.

Rural population (% of total population) in Belarus is 20.517%, below the average of 41.158%. Belarus ranks 146th out of 190 countries in this category.

Urban population in Belarus is 7,455,467, much lower than the average urban population of 22,425,747. Belarus ranks 77th out of 194 countries for urban population.

Urban population (% of total population) in Belarus is 79.483%, higher than the average of 59.691%. Belarus ranks 49th out of 194 countries for this metric.

The age dependency ratio in Belarus is 50.133%, below the average of 59.219%. Belarus ranks 136th out of 194 countries in this aspect.

The crude birth rate in Belarus is 9.47 per 1,000 people, below the average of 19.384. Belarus ranks 165th out of 192 countries in terms of birth rate.

Belarus's crude death rate is 16.553 per 1,000 people, higher than the average of 8.214. Belarus ranks 3rd out of 192 countries in this category.

The total fertility rate in Belarus is 1.474 births per woman, lower than the average of 2.603. Belarus ranks 160th out of 190 countries for fertility rate.

Summary

Belarus has a significantly lower rural population compared to the global average, with a relatively higher urban population. However, the country struggles with a high age dependency ratio, low fertility rate, and high crude death rate. These statistics indicate a demographic challenge for Belarus, with an aging population and low birth rates, which could have long-term implications for its labor force, economic productivity, and healthcare systems.

Military

Belarus has a military expenditure of approximately $707 million, ranking 77th out of 149 countries. This value is significantly below the average military expenditure of $12.9 billion.

With a military expenditure of 1.15% of GDP, Belarus ranks 103rd out of 148 countries. This percentage is lower than the average of 1.90% of GDP.

Belarus' arms imports stand at $13 million, placing it at the 79th position out of 113 countries. This amount is notably lower than the average arms import of $205 million.

Regarding arms exports, Belarus ranks 24th out of 34 countries with $59 million. This value is well below the average arms export of $706 million.

With 158,000 armed forces personnel, Belarus holds the 38th spot among 164 countries, slightly under the average of 165,909 personnel.

The country's armed forces personnel constitute 3.13% of the total labor force, ranking 16th out of 164 countries. This percentage is higher than the average of 1.28%.

Summary

Belarus maintains a relatively modest military expenditure, below the global average, with a lower percentage of GDP spent on defense compared to other nations. The country also has limited arms imports and exports, indicating a more self-reliant defense industry. However, Belarus has a significant number of armed forces personnel, above the average percentage of the total labor force, highlighting a substantial commitment to its military.

These findings are important as they showcase Belarus's strategic decisions in allocating resources towards its defense sector. The balance between military expenditure, arms trade, and armed forces personnel signifies the country's approach to national security and its positioning in the international geopolitical landscape.

Natural Resources

Analysis of Belarus in Relation to Key Geographical Attributes:

1. Forest Area (sq. km): Belarus has a forest area of 87,676 sq. km, which is below the average forest area of 211,606.11 sq. km. Belarus ranks 57 out of 191 countries in this attribute data.

2. Land Area (sq. km): With a land area of 202,980 sq. km, Belarus falls below the average land area of 665,166.51 sq. km. It holds the 82nd rank out of 194 countries in terms of land area.

3. Surface Area (sq. km): Belarus has a surface area of 207,610 sq. km, also below the average surface area of 689,779.56 sq. km. The country ranks 84th out of 194 countries in surface area.

4. Arable Land (hectares): Belarus possesses 5,660,000 hectares of arable land, lower than the average arable land of 7,329,543.16 hectares. It ranks 42nd out of 190 countries in arable land.

5. Land under Cereal Production (hectares): The country has 2,374,010 hectares of land under cereal production, below the average of 4,206,011.63 hectares. Belarus holds the 50th rank out of 174 countries in this aspect.

6. Average Precipitation in Depth (mm per year): Belarus experiences an average precipitation depth of 618 mm per year, lower than the average of 1,157.83 mm per year. It ranks 127th out of 178 countries in this attribute.

7. Renewable Internal Freshwater Resources, Total (billion cubic meters): Belarus has 34 billion cubic meters of renewable internal freshwater resources, lower than the average of 240.41 billion cubic meters. The country ranks 92nd out of 178 countries regarding freshwater resources.

Summary

In summary, Belarus has relatively smaller forest area, land area, surface area, arable land, land under cereal production, average precipitation depth, and renewable freshwater resources compared to global averages. These geographical attributes play a significant role in shaping Belarus's agricultural productivity, environmental sustainability, water management practices, and overall land use planning. Understanding these metrics is crucial for policymakers, economists, and environmentalists to develop strategies for sustainable development, resource management, and ecological conservation in Belarus.

Resource Rents

Total natural resources rents (% of GDP): Belarus has a value of 1.52%, which is below the average of 4.63%. Belarus ranks 87th out of 175 countries in this attribute.

Forest rents (% of GDP): Belarus's value stands at 1.15%, slightly below the average of 1.53%. Belarus holds the 51st rank out of 174 countries for this statistic.

Oil rents (% of GDP): Belarus shows a value of 0.37%, notably lower than the average of 2.51%. The country holds the 47th rank out of 117 countries with available data.

Natural gas rents (% of GDP): Belarus has a value of 0.01%, significantly below the average of 1.25%. In this stat, Belarus ranks 71st out of 96 countries.

Summary

Belarus exhibits lower than average values in key natural resource rents indicators like total natural resources rents, forest rents, oil rents, and natural gas rents in comparison to global averages. These values signify that Belarus may not be maximizing the potential economic benefits derived from its natural resources. This underutilization could impact the country's overall GDP growth, industrial development, and competitive position in the global market.

Commodities

1. Cereal production in Belarus is 8,403,688 metric tons, which is below the global average of 17,249,945.92 metric tons. Belarus ranks 43 out of 174 countries in this attribute data.

2. Aquaculture production in Belarus is 9,266.33 metric tons, significantly lower than the average of 679,642.92 metric tons. Belarus holds the 80th position out of 180 countries in this category.

3. Belarus's capture fisheries production is 939.05 metric tons, far below the average of 467,453.06 metric tons. Belarus is ranked 170th out of 190 countries for this statistic.

4. Total fisheries production in Belarus is 10,205.38 metric tons, well below the average of 1,153,914.85 metric tons. Belarus holds the 145th position out of 182 countries in this aspect.

5. The fertilizer consumption in Belarus is 180.73 kilograms per hectare of arable land, slightly higher than the average of 159.04 kilograms. Belarus ranks 47th out of 187 countries for fertilizer consumption.

Summary

Belarus shows below-average production levels in both cereal, aquaculture, capture fisheries, and total fisheries categories compared to global averages. However, the country displays a relatively higher fertilizer consumption rate per hectare of arable land compared to the global average. These indicators are important as they highlight Belarus's current capabilities and areas for potential improvement in its agricultural and fisheries sectors, indicating opportunities for increasing production efficiency and competitiveness in the global market.

Intellectual Property

1. Industrial design applications, nonresident, by count: Belarus has 256 applications, which is below the average of 1415.83. Belarus ranks 60 out of 112 countries in this category.

2. Industrial design applications, resident, by count: Belarus has 153 applications, significantly lower than the average of 9799.58. Belarus ranks 61 out of 113 countries for this statistic.

3. Patent applications, nonresidents: Belarus submitted 77 applications, falling below the average of 6538.40. The country ranks 75 out of 129 nations in this aspect.

4. Patent applications, residents: Belarus filed 317 applications, which is below the average of 19037.56. The country holds the 55th position out of 117 countries in this category.

5. Trademark applications, nonresident, by count: Belarus recorded 14349 applications, slightly below the average of 15878.93. Belarus ranks 29 out of 130 countries in this area.

6. Trademark applications, resident, by count: Belarus has 4978 applications, significantly lower than the average of 111055.78. Belarus ranks 62 out of 129 nations in this metric.

7. Scientific and technical journal articles: Belarus published 1352.11 articles, well below the average of 15103.76. In this field, Belarus ranks 77 out of 192 countries.

8. Charges for the use of intellectual property, payments (BoP, current US$): Belarus had payments totaling $202,400,000, far below the average of $3,218,843,494.39. Belarus ranks 59 out of 143 countries for these charges.

9. Charges for the use of intellectual property, receipts (BoP, current US$): Belarus received $124,600,000, significantly lower than the average of $3,191,687,117.58. Belarus ranks 42 out of 122 countries for these receipts.

10. Researchers in R&D (per million people): Belarus has 1433.59 researchers per million people, lower than the average of 2556.45. Belarus ranks 42 out of 72 countries regarding researchers in R&D.

Summary

Belarus demonstrates a consistent trend of lagging behind global averages in key macroeconomic indicators such as industrial design applications, patent applications, trademark applications, scientific and technical journal articles, charges for the use of intellectual property, receipts, and researchers in R&D. These indicators reflect a lower level of innovation and research & development activity within the country compared to the global standard. This could hinder Belarus's competitiveness in the global market, limit technological advancements, and impact overall economic growth and development.

Broad Economy Attributes

For the GDP (current US$) attribute, Belarus has a value of $61,371,755,326.24, which is below the average of $442,870,224,838.68. Belarus ranks 75th out of 189 countries in this dataset.

When looking at GDP per capita (current US$), Belarus has a value of $6,542.86, significantly lower than the average of $15,462.11. Belarus holds the 88th position out of 190 countries in this category.

In terms of GNI (current US$), Belarus recorded a value of $58,875,118,002.11, positioning below the average of $452,040,815,370.70. Belarus ranks 74th out of 185 countries for this attribute.

For GNI per capita, PPP (current international $), Belarus showcases a value of $19,490, falling slightly below the average of $20,615.75. The country stands at the 64th position out of 181 countries in this aspect.

Summary

Belarus lags behind the global average in key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita, ranking below average in each category. These statistics highlight Belarus's economic challenges and the need for structural reforms to improve its economic performance and raise living standards for its citizens.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): Belarus has a GVA of $53,663,855,384.65 which is below the average of $360,070,943,595.12. Belarus ranks 72 out of 176 countries in this attribute.

2. Agriculture, forestry, and fishing, value added (% of GDP): Belarus contributes 7.08% to its GDP from this sector, lower than the average of 10.86%. It ranks 96 out of 182 countries.

3. Agriculture, forestry, and fishing, value added (current US$): Belarus has a value of $4,343,379,482.08, below the average of $19,924,732,828.07. It is ranked 78 out of 182 countries.

4. Services, value added (% of GDP): Belarus' service sector contributes 49.01% to its GDP, which is below the average of 56.72%. It ranks 143 out of 183 countries.

5. Services, value added (current US$): With a value of $30,079,419,571.03, Belarus falls short of the average of $295,837,711,130.69. It ranks 80 out of 183 countries.

6. Industry (including construction), value added (current US$): Belarus has an industry value of $19,241,056,331.53, below the average of $118,421,095,413.50. Its rank is 70 out of 183 countries.

Summary

Belarus lags behind the global average in key macroeconomic indicators such as Gross Value Added, contribution of agriculture, forestry, and fishing to GDP, service sector's contribution to GDP, and industry value added. These rankings suggest that Belarus may need to focus on diversifying its economy and promoting growth in sectors where it currently underperforms, in order to enhance its overall economic development and competitiveness on the world stage.

Manufacturing Value Added

Belarus has a Manufacturing, value added (current US$) of $13,186,723,097.26, ranking 60th out of 173 countries. This value is significantly below the attribute average of $76,207,179,589.66.

Manufacturing, value added (% of GDP) in Belarus is 21.49%, exceeding the average of 11.90%. Belarus ranks 12th out of 173 countries in this aspect.

In terms of Medium and high-tech manufacturing value added (% manufacturing value added), Belarus performs moderately with a value of 37.78%, ranking 37th out of 149 countries, slightly above the average.

Belarus shows strength in Chemicals (% of value added in manufacturing) with a value of 16.08%, surpassing the average of 11.56%. Belarus is ranked 17th out of 89 countries in this category.

The percentage of Food, beverages and tobacco (% of value added in manufacturing) in Belarus is 25.06%, slightly above the average of 24.51%. Belarus ranks 33rd out of 92 countries in this respect.

Belarus has 18.73% of Machinery and transport equipment (% of value added in manufacturing), slightly above the average of 16.85%. This places Belarus at the 38th position out of 93 countries.

Belarus underperforms in Textiles and clothing (% of value added in manufacturing) with a value of 5.33%, below the average of 6.33%. The country is ranked 34th out of 93 countries in this aspect.

Other manufacturing (% of value added in manufacturing) in Belarus stands at 34.80%, lower than the average of 42.13%. Belarus holds the 67th rank out of 94 countries in this category.

Summary

Belarus demonstrates strength in its manufacturing sector, particularly in industries such as chemicals and food, beverages, and tobacco. However, the country falls short in areas like textiles and clothing. These indicators are vital as they reflect Belarus's industrial diversification, competitiveness, and potential for economic growth.

Money

1. Inflation, consumer prices (annual %): Belarus has a consumer price inflation rate of 5.55%, which is below the average of 8.26%. Belarus ranks 31 out of 165 countries in this metric.

2. Inflation, GDP deflator (annual %): The GDP deflator inflation in Belarus is significantly higher at 11.88%, well above the average of 6.90%. Belarus ranks 13 out of 188 countries in this aspect.

3. Broad money growth (annual %): Belarus exhibits a lower broad money growth rate of 4.72% compared to the average of 18.03%. The country ranks 120 out of 139 countries in this category.

4. Broad money (% of GDP): Belarus's broad money as a percentage of GDP is 33.93%, significantly below the average of 71.75%. The country ranks 113 out of 139 nations in this regard.

5. Broad money to total reserves ratio: Belarus has a ratio of 2.79, which is lower than the average of 5.17. In this metric, Belarus ranks 62 out of 126 countries.

Summary

In summary, Belarus demonstrates lower-than-average consumer price inflation and broad money growth rates but has a higher GDP deflator inflation rate. The country also maintains lower levels of broad money as a percentage of GDP and a lower broad money to total reserves ratio compared to global averages. These indicators are crucial as they reflect Belarus's economic stability, monetary policy effectiveness, and financial resilience in the global market.

Consumption Expenditure

Final consumption expenditure (current US$): Belarus has a focus country value of 42,469,282,559.46, which is below the attribute average of 381,630,252,515.38. Belarus ranks 76th out of 159 countries in this statistic.

Final consumption expenditure (% of GDP): Belarus's value of 69.20% is below the attribute average of 82.37%. The country ranks 133rd out of 159 countries for this metric.

General government final consumption expenditure (current US$): With a value of 10,411,649,570.11, Belarus falls below the attribute average of 93,676,578,238.03. Belarus holds the 69th position out of 158 countries in this category.

General government final consumption expenditure (% of GDP): Belarus's value of 16.96% is lower than the attribute average of 18.71%. The country ranks 87th out of 158 countries for this measure.

Household and NPISHs Final consumption expenditure (current US$): Belarus spends 32,057,632,989.35, which is beneath the attribute average of 290,127,571,157.69. Belarus ranks 76th out of 158 countries in this spending category.

Households and NPISHs final consumption expenditure (% of GDP): Belarus's expenditure of 52.24% is lower than the attribute average of 63.68%. The country holds the 118th position out of 158 countries in this aspect.

Summary

Belarus demonstrates relatively lower levels of final consumption expenditure across various categories compared to the global average. This indicates a potential lag in domestic economic activity and consumer spending in the country. The lower percentages of consumption expenditure as a share of GDP suggest potential room for economic growth if consumption levels can be boosted in Belarus.

Equities

Belarus has a total of 12 listed domestic companies, which is significantly below the average of 636.625 listed domestic companies. This places Belarus at rank 68 out of 72 countries in the dataset for this attribute.

Regarding the total value of stocks traded in current US dollars, Belarus has a value of 6,050,000 which is starkly lower than the average of 1,379,501,950,182.91. This positions Belarus at rank 71 out of 71 countries in the dataset.

For the total value of stocks traded as a percentage of GDP, Belarus has a value of 0.0099%, well below the average of 31.65%. This places Belarus at rank 71 out of 71 countries included in the analysis.

Summary

Belarus lags significantly behind other countries in terms of the number of listed domestic companies, total value of stocks traded in USD, and the value of stocks traded as a percentage of GDP. This suggests a limited depth and breadth of the Belarusian stock market, indicating a potential lack of investment opportunities, liquidity, and overall market development compared to other countries in the dataset.

Investment

- Foreign direct investment, net (BoP, current US$): Belarus had a net FDI of -1,310,500,000, which is higher than the average of -1,615,235,980. Belarus ranks 120 out of 169 countries in this attribute.
- Foreign direct investment, net inflows (BoP, current US$): Belarus received 1,393,200,000 in net FDI, significantly below the average of 5,749,271,080. Belarus ranks 64 out of 182 countries in this attribute.
- Foreign direct investment, net inflows (% of GDP): Belarus received FDI equivalent to 2.27% of its GDP, below the average of 2.61%. Belarus ranks 78 out of 178 countries in this attribute.
- Foreign direct investment, net outflows (BoP, current US$): Belarus had net outflows of 82,700,000, well below the average of 5,707,991,116. Belarus ranks 75 out of 156 countries in this attribute.
- Foreign direct investment, net outflows (% of GDP): Belarus had net outflows equivalent to 0.13% of its GDP, significantly below the average of 1.00%. Belarus ranks 91 out of 155 countries in this attribute.
- Portfolio Investment, net (BoP, current US$): Belarus had a net portfolio investment of -1,343,500,000, much lower than the average of 679,559,169. Belarus ranks 126 out of 159 countries in this attribute.
- Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Belarus had significant bond investments of 1,758,584,000, below the average of 4,134,263,915. Belarus ranks 18 out of 59 countries in this attribute.
- Portfolio equity, net inflows (BoP, current US$): Belarus had net equity inflows of 900,000, well below the average of 9,197,145,994. Belarus ranks 56 out of 125 countries in this attribute.

Summary

Belarus exhibits mixed results in terms of foreign direct investment and portfolio investment compared to global averages. While the country attracts less FDI inflows than average as a percentage of its GDP, it also has lower outflows. In terms of portfolio investments, Belarus has notably lower net portfolio investments and equity inflows compared to the global average. These indicators are crucial as they reflect Belarus's attractiveness to foreign investors and its engagement in global financial markets, impacting its overall economic growth and stability.

Debt

1. Belarus has a Total debt service (% of GNI) of 7.29, which is above the average of 5.98. With a rank of 36 out of 120 countries, it indicates a moderate position in comparison.
2. In terms of Public and publicly guaranteed debt service (% of GNI), Belarus stands at 6.12, significantly higher than the average of 2.84, securing the 10th rank out of 120 countries.
3. The External debt stocks (% of GNI) for Belarus are 70.98, surpassing the average of 65.42. Belarus holds the 34th position out of 120 countries in this aspect.
4. Belarus' Debt service on external debt, total (TDS, current US$) amounts to 4.29 billion, notably below the average of 9.81 billion. This places Belarus at the 31st rank out of 123 countries.
5. The Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) for Belarus is 3.60 billion, higher than the average of 3.31 billion. Belarus ranks 23rd out of 123 countries in this category.
6. External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Belarus are 20.27 billion, lower than the average of 28.70 billion. This places Belarus at the 35th rank out of 123 countries.
7. Belarus' External debt stocks, private nonguaranteed (PNG) (DOD, current US$) amount to 10.91 billion, significantly below the average of 33.73 billion, placing Belarus at the 32nd rank out of 91 countries.
8. Finally, Belarus' External debt stocks, total (DOD, current US$) are 41.79 billion, notably lower than the average of 73.85 billion. Belarus ranks 31st out of 123 countries in this aspect.

Summary

Belarus shows a mixed picture in terms of its macroeconomic debt indicators. While it ranks moderately in Total debt service, its Public and publicly guaranteed debt service is notably high, securing a top 10 position. The country also has higher-than-average external debt stocks but relatively lower debt service amounts. These indicators are crucial as they reflect Belarus' ability to manage and repay its debts, impacting its overall economic stability and creditworthiness in the global market.

Broad Trade Attributes

Trade (% of GDP): Belarus has a Trade value of 118.93% of its GDP, which is 36.59% higher than the average Trade value of 82.34% among 163 countries. Belarus ranks 28th in Trade among the listed countries.

Merchandise trade (% of GDP): Belarus' Merchandise trade is at 100.94% of its GDP, 40.92% higher than the average of 60.01% among 186 countries. Belarus ranks 21st in Merchandise trade among the listed countries.

Trade in services (% of GDP): Belarus has a Trade in services value of 22.22% of its GDP, which is 2.41% below the average of 24.63% among 171 countries. Belarus ranks 57th in Trade in services among the listed countries.

External balance on goods and services (current US$): The External balance for Belarus is $1,896,641,833.11, which is $1,508,867,178.02 below the average of $3,405,509,011.13 among 163 countries. Belarus ranks 45th in External balance on goods and services among the listed countries.

External balance on goods and services (% of GDP): Belarus has an External balance of 3.09% of its GDP, which is 9.06% above the average of -5.97% among 163 countries. Belarus ranks 40th in External balance on goods and services among the listed countries.

Summary

In analyzing key macroeconomic indicators for Belarus, it is evident that the country performs above average in terms of Trade, Merchandise trade, External balance on goods and services in both absolute and relative terms among the listed countries. These indicators highlight Belarus's strong reliance on trade, particularly in merchandise, and its ability to maintain a positive external balance, which are crucial for sustaining economic growth and stability in the global market.

Net Trade

1. Current account balance (BoP, current US$): Belarus has a current account balance of -178,399,999.999996 US$. This is significantly below the attribute average of 1,443,864,831.4940138 US$. Belarus ranks 83rd out of 170 countries in this statistic.

2. Current account balance (% of GDP): Belarus's current account balance as a percentage of GDP is -0.2907%. This is lower than the attribute average of -2.3613%. Belarus is ranked 70th out of 170 countries based on this metric.

3. Net trade in goods and services (BoP, current US$): Belarus's net trade in goods and services is 1,947,600,000 US$, which is below the attribute average of 2,604,730,003.5650773 US$. Belarus is ranked 49th out of 171 countries in this category.

4. Net primary income (BoP, current US$): Belarus has a net primary income of -2,578,900,000 US$, significantly lower than the attribute average of -903,807,529.7376518 US$. Belarus ranks 127th out of 170 countries in this aspect.

5. Net secondary income (BoP, current US$): Belarus's net secondary income is 452,900,000 US$, which is higher than the attribute average of -269,227,340.40242267 US$. Belarus is ranked 82nd out of 170 countries for this measure.

6. Net trade in goods (BoP, current US$): Belarus's net trade in goods stands at -1,993,000,000 US$, notably below the attribute average of 1,302,831,005.6800897 US$. Belarus ranks 118th out of 171 countries regarding this statistic.

7. Net capital account (BoP, current US$): Belarus has a net capital account of 7,300,000 US$, significantly lower than the attribute average of 136,543,824.04518417 US$. Belarus is ranked 109th out of 159 countries in this metric.

8. Net financial account (BoP, current US$): Belarus's net financial account is -355,900,000 US$, higher than the attribute average of -469,840,994.6309935 US$. Belarus ranks 98th out of 170 countries based on this parameter.

Summary

In analyzing Belarus's key macroeconomic indicators, it is evident that the country faces challenges in its current account balance, net primary income, and net trade in goods. Belarus exhibits a negative current account balance and net primary income, indicating a deficit in its trade and income flows. These indicators are crucial as they reflect the country's economic performance, its ability to generate income from abroad, and its trade dynamics with other nations.

Broad Export Attributes

Belarus' Exports of goods, services and primary income amount to $38,061,000,000, ranking 61st out of 170 countries. This is below the average export value of $146,238,908,936.30.

Belarus' Exports of goods and services are valued at $37,183,200,000, ranking 60th out of 170 countries. This is below the average export value of $122,938,540,059.78.

Belarus' Exports of goods and services, excluding primary income, are worth $37,444,226,965.76, ranking 58th out of 163 countries. This falls below the average export value of $129,596,864,610.19.

Belarus' Exports of goods and services as a percentage of GDP stand at 61.01%, ranking 23rd out of 163 countries. This is notably above the average of 38.19%.

Belarus' Goods exports total $28,395,600,000, placing it in 58th position out of 171 countries. This falls below the average goods export value of $93,310,581,697.39.

Belarus' International tourism receipts as a percentage of total exports are at 1.46%, ranking 98th out of 120 countries. This figure is below the average of 9.74%.

Belarus' ICT goods exports as a percentage of total goods exports are 1.02%, ranking 62nd out of 142 countries. This falls below the average of 3.81%.

Summary

Belarus has a lower-than-average performance in key macroeconomic indicators related to exports, such as total exports of goods, services, and primary income, goods and services excluding primary income, goods exports, and international tourism receipts. However, the country stands out positively in terms of exports as a percentage of GDP. These findings are crucial as they highlight Belarus's reliance on exports for economic growth and the need to diversify its export base to enhance resilience and competitiveness in the global market.

Merchandise Exports

- **Merchandise exports (current US$):** Belarus has a focus country value of $29,179,000,000, ranking 60th out of 187 countries. This is below the attribute average of $89,542,711,229.95.
- **Agricultural raw materials exports (% of merchandise exports):** Belarus's value of 4.01% is above the attribute average of 2.97%. It ranks 33rd out of 151 countries.
- **Food exports (% of merchandise exports):** Belarus's value of 18.90% is below the attribute average of 24.06%. It ranks 69th out of 152 countries.
- **Fuel exports (% of merchandise exports):** Belarus's value of 12.61% is below the attribute average of 13.70%. It ranks 42nd out of 147 countries.
- **Ores and metals exports (% of merchandise exports):** Belarus's value of 1.26% is significantly below the attribute average of 9.10%. It holds the 116th rank out of 152 countries.
- **Merchandise exports by the reporting economy, residual (% of total merchandise exports):** Belarus's value of 2.91% is below the attribute average of 3.20%. It holds the 30th rank out of 166 countries.

Summary

Belarus's key macroeconomic indicators suggest that the country heavily relies on merchandise exports, with a focus on agricultural raw materials and food products. However, its exports of ores and metals are significantly below the global average. This export composition highlights Belarus's specialization in certain sectors and underscores the importance of diversifying its export base to mitigate risks associated with overreliance on specific industries.

Technology Exports

Belarus has a Manufactures exports (% of merchandise exports) value of 57.62%, which is above the average of 42.62%. It ranks 57 out of 152 countries in this attribute.

For High-technology exports (current US$), Belarus has a value of $801,645,501, below the average of $16,655,934,078.80. It is ranked 55 out of 151 countries.

Belarus's High-technology exports (% of manufactured exports) stand at 4.77%, lower than the average of 10.15%. It ranks 88 out of 150 countries in this aspect.

In terms of Medium and high-tech exports (% manufactured exports), Belarus has a value of 44.32%, higher than the average of 34.29%. It ranks 55 out of 149 countries in this category.

Summary

Belarus performs above average in Manufactures exports (% of merchandise exports) and Medium and high-tech exports (% manufactured exports), ranking 57th and 55th out of 152 and 149 countries respectively. However, it lags behind in High-technology exports (both in total value and as a percentage of manufactured exports) where it ranks 55th and 88th out of 151 and 150 countries. These indicators are crucial as they reflect Belarus's specialization in certain industries, its technological advancement, and its competitiveness in the global market.

Service Exports

Service exports (BoP, current US$): Belarus has a service export value of 8,787,600,000 USD, which is below the average of 28,917,292,503.82 USD. Belarus ranks 52 out of 171 countries in this attribute.

ICT service exports (BoP, current US$): Belarus has an ICT service export value of 2,700,200,000 USD, below the average of 4,578,501,153.77 USD. Belarus ranks 36 out of 166 countries in this attribute.

ICT service exports (% of service exports, BoP): Belarus has a percentage of 30.73% for ICT service exports, which is above the average of 11.75%. Belarus ranks 13 out of 166 countries in this attribute.

Communications, computer, etc. (% of service exports, BoP): Belarus has a value of 53.23% for this category, which is above the average of 45.85%. Belarus ranks 69 out of 169 countries in this attribute.

Transport services (% of service exports, BoP): Belarus has a value of 41.85% for transport services, well above the average of 21.80%. Belarus ranks 22 out of 169 countries in this attribute.

Travel services (% of service exports, BoP): Belarus has a percentage of 4.08% for travel services, significantly below the average of 26.40%. Belarus ranks 152 out of 167 countries in this attribute.

Insurance and financial services (% of service exports, BoP): Belarus has a value of 0.83% for insurance and financial services, below the average of 6.46%. Belarus ranks 139 out of 161 countries in this attribute.

Summary

Belarus has a mixed performance in its service exports, with strengths in ICT service exports and transport services, but weaknesses in travel services and insurance/financial services. The country ranks relatively high in ICT service exports and transport services, indicating a specialization in these areas. However, its low rankings in travel services and insurance/financial services suggest room for improvement in diversifying its service export portfolio.

These findings are important as they highlight Belarus's competitive strengths and weaknesses in the global service export market. By capitalizing on its strengths in ICT service exports and transport services, Belarus can further enhance its position and competitiveness in these sectors. At the same time, addressing the shortcomings in travel services and insurance/financial services can lead to a more balanced and resilient service export profile, reducing dependency on specific sectors.

Commercial Service Exports

Commercial service exports (current US$): Belarus has a commercial service exports value of $8,777,500,000, which is below the average of $28,508,218,402.79. Belarus ranks 51 out of 171 countries in this attribute data.

Travel services (% of commercial service exports): Belarus's value of 4.09% is below the average of 27.89%. Belarus ranks 155 out of 167 countries in this attribute data.

Computer, communications and other services (% of commercial service exports): Belarus's value of 53.18% is above the average of 42.44%. Belarus ranks 60 out of 169 countries in this attribute data.

Insurance and financial services (% of commercial service exports): Belarus's value of 0.83% is below the average of 6.97%. Belarus ranks 140 out of 161 countries in this attribute data.

Transport services (% of commercial service exports): Belarus's value of 41.90% is above the average of 23.37%. Belarus ranks 26 out of 169 countries in this attribute data.

Summary

Belarus has a mixed performance in key macroeconomic indicators related to commercial service exports. While excelling in computer, communications, and other services as well as transport services, the country lags behind in travel services and insurance and financial services. These indicators are crucial as they reflect the diversification and competitiveness of Belarus's service sector, which can impact overall economic growth, job creation, and foreign exchange earnings.

Broad Import Attributes

1. Imports of goods and services (current US$): Belarus' value of $35,547,585,132.66 is significantly below the average of $126,191,355,599.06. Belarus ranks 62 out of 163 countries in this attribute.

2. Imports of goods and services (% of GDP): Belarus' value of 57.92% is above the average of 44.15%. Belarus ranks 34 out of 163 countries in this attribute.

3. International tourism, expenditures (% of total imports): Belarus' value of 1.35% is below the average of 3.98%. Belarus ranks 111 out of 131 countries in this attribute.

4. ICT goods imports (% of total goods imports): Belarus' value of 3.91% is below the average of 6.85%. Belarus ranks 100 out of 143 countries in this attribute.

5. Goods imports (BoP, current US$): Belarus' value of $30,388,600,000 is significantly below the average of $92,007,788,027.17. Belarus ranks 58 out of 171 countries in this attribute.

6. Imports of goods and services (BoP, current US$): Belarus' value of $35,235,600,000 is significantly below the average of $120,321,577,988.12. Belarus ranks 62 out of 170 countries in this attribute.

7. Imports of goods, services and primary income (BoP, current US$): Belarus' value of $38,692,300,000 is significantly below the average of $144,514,428,722.28. Belarus ranks 64 out of 170 countries in this attribute.

Summary

Belarus demonstrates a consistent trend of below-average imports in various categories such as goods and services, ICT goods, and total imports. Despite ranking low in these indicators compared to other countries, Belarus maintains a relatively high percentage of imports compared to its GDP. This could indicate potential challenges in diversifying its economy and reducing dependency on imported goods, highlighting the importance of enhancing domestic production and fostering export-oriented industries.

Merchandise Imports

Analysis of key import attributes for Belarus:

1. Merchandise imports (current US$): Belarus has a focus country value of $32,767,000,000 for merchandise imports, ranking 61 out of 190 countries. This is below the attribute average of $89,385,605,263.16.

2. Manufactures imports (% of merchandise imports): Belarus's value of 59.85% is below the attribute average of 66.76%. It ranks 118 out of 152 countries in this aspect.

3. Agricultural raw materials imports (% of merchandise imports): With a value of 2.31%, Belarus surpasses the attribute average of 1.27%, ranking 16 out of 152 countries.

4. Food imports (% of merchandise imports): Belarus's 11.37% for food imports is below the average of 15.89%. It ranks 106 out of 152 countries.

5. Fuel imports (% of merchandise imports): At 20.40%, Belarus exceeds the attribute average of 11.38%, ranking 12 out of 152 countries.

6. Ores and metals imports (% of merchandise imports): Belarus's value of 3.07% is above the average of 2.57%, ranking 41 out of 152 countries.

7. Merchandise imports by the reporting economy, residual (% of total merchandise imports): Belarus's value of 1.30% is below the attribute average of 2.51%. It ranks 56 out of 180 countries.

Summary

Belarus has a significant focus on fuel imports, surpassing the global average at 20.40% of merchandise imports. However, its reliance on food imports is below average at 11.37%. The country also stands out in agricultural raw materials imports, ores, and metals imports, ranking above average. These findings are important as they indicate Belarus's strengths and weaknesses in diversifying its import portfolio, impacting its economic resilience and trade relationships with other nations.

Service Imports

For Service imports (BoP, current US$), Belarus' value of $4,847,000,000 is significantly below the average of $27,615,356,170.47. Belarus ranks 72 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP) in Belarus, at 48.56%, is above the average of 44.40%. The country holds the 78th rank out of 169 countries.

Belarus' Transport services (% of service imports, BoP) value of 36.39% exceeds the average of 32.90%. It secures the 64th rank out of 169 countries included in the data.

Regarding Travel services (% of service imports, BoP), Belarus' value of 9.68% is below the average of 14.14%. The country is ranked 94th out of 169 countries.

Insurance and financial services (% of service imports, BoP) in Belarus stand at 5.37%, which is lower than the average of 8.53%. Belarus ranks 100th out of 169 countries in this attribute.

Summary

Belarus shows a mixed performance in key macroeconomic indicators related to service imports. While excelling in communications and transport services, the country falls short in travel services and insurance/financial services. These statistics are important as they reflect Belarus' strengths and weaknesses in different service sectors, influencing its overall trade balance, economic diversification, and global competitiveness.

Commercial Service Imports

Belarus's commercial service imports amount to $4,843,900,000, ranking 71st out of 171 countries. This is significantly below the average commercial service imports of $27,102,746,128.60.

Computer, communications, and other services account for 48.52% of Belarus's commercial service imports, slightly above the average of 41.71%. Belarus ranks 72nd out of 169 countries for this attribute.

Insurance and financial services make up 5.38% of Belarus's commercial service imports, ranking 103rd out of 169 countries. This is lower than the average percentage of 8.85%.

Transport services contribute 36.41% to Belarus's commercial service imports, which is slightly higher than the average of 34.71%. Belarus ranks 67th out of 169 countries in this category.

Travel services represent 9.69% of Belarus's commercial service imports, below the average of 14.73%. Belarus is ranked 98th out of 169 countries for this attribute.

Summary

Belarus has lower than average commercial service imports, with a significant portion coming from computer, communications, and other services, which is above average. However, the country lags behind in insurance and financial services imports, ranking lower than the average. The higher contribution of transport services to Belarus's imports compared to the average indicates a reliance on this sector for international trade.

These findings are important as they highlight Belarus's specialization in certain service sectors for imports, potentially indicating areas of strength in the economy. The lower reliance on insurance and financial services imports could signify areas for growth and development to diversify the country's import profile and strengthen its overall economic resilience.

Infrastructure

Belarus ranks 24 out of 64 countries in "Railways, passengers carried", with a value of 3741.1 million passenger-km. This value is below the average of 32281.92 million passenger-km.

In "Railways, goods transported", Belarus ranks 11 out of 62 countries, with a value of 42420.4 million ton-km, significantly below the average of 119231.19 million ton-km.

For "Air transport, freight", Belarus ranks 97 out of 126 countries, with 1.882857 million ton-km, far below the average of 1384.37 million ton-km.

Belarus ranks 68 out of 149 countries in "Air transport, registered carrier departures worldwide", with 16611 departures. This number falls below the average of 134365.61 departures.

Regarding "Air transport, passengers carried", Belarus ranks 67 out of 149 countries, carrying 1227674 passengers, which is below the average of 11848242.7 passengers.

Lastly, in "Rail lines (total route-km)", Belarus ranks 22 out of 66 countries, with a total route of 5453.5 km, lower than the average of 12204.74 km.

Summary

Belarus performs below average in key macroeconomic indicators related to transportation, including railways, air transport, and rail lines. The country's lower rankings in passenger and goods transport by rail, air freight, and carrier departures highlight potential inefficiencies and limitations in its transportation infrastructure. Improving these sectors is crucial for enhancing connectivity, facilitating trade, and attracting investments, which are vital for economic growth and competitiveness.

Information Technology Infrastructure

1. Belarus has 70,824 secure internet servers, below the average of 458,294. Belarus ranks 49th out of 193 countries in this aspect.

2. The country has 7,550.57 secure internet servers per 1 million people, which is below the average of 14,067.17. Belarus ranks 52nd out of 193 countries.

3. 85.09% of Belarusians use the internet, which is above the average of 64.77%. Belarus ranks 45th out of 180 countries.

4. Belarus has 3,255,552 fixed broadband subscriptions, below the average of 6,591,956. Belarus ranks 43rd out of 185 countries.

5. With 11,704,084 mobile cellular subscriptions, Belarus falls below the average of 42,526,463. Belarus ranks 78th out of 193 countries in this metric.

Summary

Belarus lags behind the global average in terms of secure internet servers, both in absolute numbers and per capita. However, the country boasts a higher-than-average internet penetration rate among its population. Despite having fewer fixed broadband subscriptions and mobile cellular subscriptions compared to the global average, Belarus demonstrates a significant level of internet usage among its citizens.

These indicators are crucial as they highlight Belarus's connectivity infrastructure and digital readiness compared to other nations. Improving the country's internet server infrastructure and increasing broadband and mobile subscriptions could further enhance its digital development and competitiveness in the global economy.

Energy Consumption

Belarus consumes renewable energy for only 8.39% of its total final energy consumption, which is significantly below the average of 32.18%. This places Belarus at a low rank of 151 out of 191 countries in the dataset.

However, in terms of CO2 emissions, Belarus emits 54,801.5 kt, which is below the average of 171,895.94 kt. This places Belarus at a relatively better rank of 51 out of 188 countries in the dataset.

Summary

Belarus has a low utilization of renewable energy sources compared to the global average, ranking at 151 out of 191 countries. Nevertheless, the country performs relatively better in terms of CO2 emissions, emitting below the average amount and ranking at 51 out of 188 countries. These statistics are crucial as they highlight Belarus's environmental sustainability challenges and successes, indicating the need for further investment in renewable energy infrastructure to reduce carbon emissions and improve overall sustainability.

Government Balance Sheet

Net acquisition of financial assets (% of GDP): Belarus' value is 0.65% of GDP, below the average of 2.45%. It ranks 55 out of 87 countries.

Net incurrence of liabilities, total (% of GDP): Belarus' value is 1.96% of GDP, below the average of 7.43%. It ranks 82 out of 92 countries.

Total reserves (% of total external debt): Belarus' value is 17.87%, below the average of 66.13%. It ranks 83 out of 102 countries.

Reserves and related items (BoP, current US$): Belarus' value is -$2.68 billion, below the average of $1.92 billion. It ranks 151 out of 171 countries.

Total reserves minus gold (current US$): Belarus' value is $4.43 billion, below the average of $74.22 billion. It ranks 92 out of 161 countries.

Total reserves (includes gold, current US$): Belarus' value is $7.47 billion, below the average of $85.71 billion. It ranks 81 out of 161 countries.

Total reserves in months of imports: Belarus' value is 2.32 months, below the average of 7.10 months. It ranks 122 out of 151 countries.

Summary

Belarus lags behind global averages and ranks relatively low among countries in key macroeconomic indicators related to financial assets, liabilities, total reserves, balance of payments, and months of imports. These statistics suggest that Belarus may have limited financial resilience, weaker external position, and potentially higher vulnerability to external shocks compared to other countries. Addressing these indicators could be crucial for improving Belarus' economic stability and resilience in the global economic landscape.

Government Revenue

Belarus has a revenue, excluding grants (% of GDP) of 28.10%, slightly above the average of 27.02%. It ranks 52 out of 122 countries in this attribute.

Grants and other revenue (% of revenue) for Belarus stands at 23.97%, which is slightly above the average of 23.54%. It ranks 32 out of 108 countries in this category.

Belarus's social contributions (% of revenue) are notably high at 35.88%, significantly surpassing the average of 22.29%. It holds the 13th rank out of 81 countries in this regard.

When it comes to taxes on goods and services (% of revenue), Belarus is at 29.24%, slightly below the average of 31.82%. It ranks 76 out of 122 countries.

For taxes on international trade (% of revenue), Belarus records 9.20%, notably higher than the average of 6.24%. It holds the 25th rank out of 101 countries.

Belarus's other taxes (% of revenue) are minimal at 0.32%, significantly lower than the average of 2.12%. It ranks 78 out of 106 countries in this attribute.

Lastly, taxes on income, profits, and capital gains (% of revenue) in Belarus are at 1.39%, significantly below the average of 24.66%. It ranks 119 out of 119 countries included in this data.

Summary

Belarus stands out in several key macroeconomic indicators compared to global averages. The country has high social contributions (% of revenue) and taxes on international trade (% of revenue), exceeding global averages significantly. However, Belarus lags behind in taxes on income, profits, and capital gains, with a percentage well below the global average. These statistics are important as they reflect Belarus's fiscal policy priorities, revenue sources, and potential areas for reform to align with international norms and standards.

Taxes

Belarus has a Tax revenue (% of GDP) of 12.02%, which is below the average of 16.72%. This ranks Belarus 93rd out of 123 countries in the dataset.

For Taxes on exports (% of tax revenue), Belarus has a value of 13.23%, significantly higher than the average of 2.54%. This places Belarus 2nd out of 36 countries included in the data.

In terms of Customs and other import duties (% of tax revenue), Belarus's value of 8.65% is slightly below the average of 9.01%. Belarus ranks 35th out of 99 countries for this attribute.

Belarus's Taxes on income, profits and capital gains (% of total taxes) are 3.47%, well below the average of 38.40%. This places Belarus 120th out of 120 countries in the dataset.

For Tariff rate, applied, weighted mean, all products (%), Belarus has a value of 1.76%, which is lower than the average of 5.21%. Belarus ranks 102nd out of 153 countries for this attribute.

Summary

Belarus exhibits a mixed performance in key macroeconomic indicators. It has a relatively low Tax revenue (% of GDP), ranking 93rd out of 123 countries, and exceptionally high Taxes on exports (% of tax revenue), placing 2nd out of 36 countries. However, Belarus lags significantly in Taxes on income, profits, and capital gains (% of total taxes) compared to the average. These indicators are crucial as they depict Belarus's fiscal policies, trade relations, and economic competitiveness in the global market.

Government Expenses

Expense (% of GDP): Belarus has an expense value of 29.93% of GDP, slightly below the average of 31.69%. It ranks 64 out of 123 countries in the dataset.

Compensation of employees (% of expense): Belarus allocates 13.20% of its expenses to employee compensation, significantly lower than the average of 24.70%. It ranks 97 out of 123 countries.

Goods and services expense (% of expense): Belarus spends 12.79% of its expenses on goods and services, slightly below the average of 14.77%. It ranks 59 out of 122 countries.

Interest payments (% of expense): Belarus dedicates 5.19% of its expenses to interest payments, below the average of 6.85%. It ranks 60 out of 121 countries.

Other expense (% of expense): Belarus uses 7.74% of its expenses for other purposes, slightly below the average of 8.29%. It ranks 49 out of 120 countries.

Subsidies and other transfers (% of expense): Belarus spends 61.09% of its expenses on subsidies and transfers, significantly above the average of 43.29%. It ranks 26 out of 121 countries.

Summary

Belarus shows a pattern of below-average spending in most categories of expenses compared to the dataset. The country allocates significantly less towards employee compensation and goods/services but significantly more towards subsidies and transfers, indicating a prioritization of social welfare programs and financial support over direct expenditures. These findings are crucial as they shed light on Belarus's budget allocation strategies and reflect its societal and economic priorities.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Death rate, crude (per 1,000 people)	3/192
Armed forces personnel (% of total labor force)	16/164
Manufacturing, value added (% of GDP)	12/173
Inflation, GDP deflator (annual %)	13/188
Public and publicly guaranteed debt service (% of GNI)	10/120
ICT service exports (% of service exports, BoP)	13/166
Fuel imports (% of merchandise imports)	12/152
Taxes on exports (% of tax revenue)	2/36

Ranks in Bottom Decile For:

Attribute	Rank/Total
Listed domestic companies, total	68/72
Stocks traded, total value (current US$)	71/71
Stocks traded, total value (% of GDP)	71/71
Travel services (% of service exports, BoP)	152/167
Travel services (% of commercial service exports)	155/167
Taxes on income, profits and capital gains (% of revenue)	119/119
Taxes on income, profits and capital gains (% of total taxes)	120/120