Belarus | GDP | 2023 | 2024 | Economic Data | World Economics (2024)

LATEST ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY

The official estimate for Belarus's GDP was $177 billion at the end of 2023 in puchasing power partity terms.

World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Belarus's GDP to be $245 billion - 38% larger than official estimates.

2023 data is based on IMF growth rate estimates applied to World Economics GDP data.

Belarus's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: World Economics Research, London


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GDP PPP Estimates: All Countries 2023 Estimate
Billions, Int$
2024 Estimate
Billions, Int$
World Economics
Data Quality Rating
(A-E)
China $33,693.95 $35,243.87 C
United States $23,666.05 $24,163.03 A
India $16,873.47 $17,970.25 C
Japan $5,820.26 $5,872.64 A
Russia $5,732.78 $5,881.84 C
Indonesia $5,101.18 $5,356.24 B
Germany $5,015.88 $5,040.96 A
Brazil $4,471.97 $4,548.00 B
Türkiye $3,813.61 $3,920.39 B
Mexico $3,641.94 $3,740.27 C
France $3,560.29 $3,595.90 A
United Kingdom $3,526.41 $3,547.57 A
Italy $3,259.80 $3,282.62 A
Korea, Rep. $2,931.93 $3,002.29 A
Saudi Arabia $2,573.46 $2,642.94 C
Spain $2,390.27 $2,426.12 A
Egypt $2,233.06 $2,324.62 D
Canada $2,145.40 $2,175.43 A
Nigeria $2,112.04 $2,175.40 E
Thailand $1,901.29 $1,969.73 D
Pakistan $1,844.58 $1,890.69 D
Poland $1,721.55 $1,759.43 B
Vietnam $1,657.92 $1,772.32 E
Bangladesh $1,593.09 $1,696.64 E
Taiwan $1,582.53 $1,623.67 A
Philippines $1,494.73 $1,576.94 C
Australia $1,483.92 $1,509.15 A
Argentina $1,451.09 $1,491.72 C
Malaysia $1,382.45 $1,444.66 B
South Africa $1,203.31 $1,215.34 B
Netherlands $1,163.38 $1,177.34 A
Colombia $1,091.28 $1,112.02 B
United Arab Emirates $882.01 $916.41 B
Romania $784.92 $813.96 B
Belgium $747.75 $755.97 A
Kazakhstan $708.67 $736.31 D
Switzerland $687.64 $700.02 A
Ireland $683.99 $711.35 A
Singapore $682.80 $697.14 A
Peru $681.62 $702.07 D
Sweden $655.82 $662.38 A
Algeria $606.23 $621.99 C
Chile $600.36 $611.76 A
Austria $558.29 $566.66 A
Ukraine $531.44 $488.93 C
Israel $528.13 $544.50 A
Hong Kong $505.47 $521.14 A
Ethiopia $476.76 $507.28 E
Portugal $452.97 $460.67 A
Norway $435.49 $446.38 A
Greece $431.05 $437.51 B
Hungary $423.33 $436.87 C
Kenya $415.34 $437.77 D
Morocco $414.91 $429.84 C
Angola $413.56 $428.86 E
Denmark $407.78 $411.85 A
Uzbekistan $385.71 $406.93 D
Myanmar $376.86 $386.65 D
Sri Lanka $375.50 $381.13 C
Sudan $339.65 $348.83 E
Qatar $330.92 $336.88 C
Finland $314.98 $319.08 A
Dominican Republic $303.35 $318.52 B
Ecuador $299.07 $307.45 D
Ghana $297.97 $306.61 C
Kuwait $297.47 $305.51 D
Tanzania $282.82 $300.35 D
Cote d'Ivoire $264.91 $282.40 C
New Zealand $257.60 $259.92 A
Libya $252.54 $273.76 E
Belarus $244.70 $247.63 C
Guatemala $244.69 $253.26 C
Panama $233.75 $243.10 D
Congo, Dem. Rep $228.62 $243.48 E
Bulgaria $226.20 $234.11 B
Azerbaijan $216.14 $221.76 D
Nepal $214.09 $225.01 E
Slovak Republic $209.78 $215.45 B
Oman $209.46 $220.36 B
Serbia $203.57 $209.67 B
Bolivia $182.74 $186.21 E
Croatia $174.55 $178.57 B
Tunisia $172.87 $176.15 D
Uganda $172.25 $182.07 D
Cameroon $159.24 $166.25 D
Costa Rica $148.92 $153.69 B
Paraguay $146.60 $151.73 D
Cambodia $141.17 $149.92 E
Jordan $140.23 $144.02 B
Lithuania $137.42 $141.13 B
Turkmenistan $130.71 $133.45 D
Afghanistan $120.50 $119.29 E
Zambia $119.14 $124.02 D
Uruguay $116.75 $120.13 B
Slovenia $109.19 $111.48 A
Bahrain $107.60 $111.69 B
Senegal $106.53 $117.82 C
Honduras $100.11 $103.61 E
Georgia $96.59 $101.42 B
Mali $96.56 $101.48 E
Lebanon $92.24 $94.09 D
El Salvador $89.92 $91.63 C
Laos $89.53 $93.11 E
Luxembourg $85.50 $86.95 A
Madagascar $81.07 $84.96 E
Burkina Faso $78.30 $82.92 C
Latvia $77.90 $80.16 B
Bosnia and Herzegovina $73.51 $75.71 D
Benin $72.55 $76.83 D
Zimbabwe $70.59 $72.42 E
Gabon $70.19 $72.36 E
Mozambique $67.52 $73.06 D
Guinea $67.17 $70.99 E
Armenia $65.66 $68.94 B
Nicaragua $63.71 $65.81 D
Estonia $61.58 $63.55 B
Botswana $60.78 $63.39 C
Yemen, Rep. $60.52 $61.73 E
Tajikistan $59.32 $61.99 E
Papua New Guinea $59.18 $61.78 E
Albania $58.31 $60.24 C
Niger $55.29 $62.48 C
Mongolia $54.54 $57.54 B
Guyana $54.18 $78.73 E
Cyprus $53.62 $55.12 A
Haiti $53.30 $53.94 E
Rwanda $50.44 $54.22 C
Moldova $48.58 $50.67 B
Kyrgyzstan $48.00 $49.83 D
North Macedonia $47.71 $49.42 B
Chad $46.13 $47.83 E
Malawi $44.51 $45.93 C
Jamaica $42.16 $43.00 E
Congo, Rep. $41.84 $43.76 E
Mauritania $40.37 $42.43 D
Namibia $37.07 $38.03 C
Mauritius $36.37 $37.86 B
Malta $34.16 $35.35 B
Togo $30.12 $31.77 C
Sierra Leone $25.88 $27.12 D
Iceland $24.73 $25.25 A
Bahamas, The $20.45 $20.82 B
Eswatini $19.01 $19.49 D
Burundi $16.96 $17.98 E
Bhutan $15.49 $16.02 E
Suriname $13.20 $13.60 C
Liberia $12.90 $13.60 E
Gambia $10.17 $10.81 D
Central African Republic $8.84 $9.18 E
Lesotho $8.31 $8.50 C
Guinea-Bissau $6.32 $6.64 E
Comoros $3.82 $3.96 D

See: Data for individual countries by using country lists

Note: Data for years shown use end of of year values.

Please read our Terms of Service and Disclaimer relating to data on this page.

Data quality rating definitions:
A: As good as it gets
B: Good
C: Use with caution
D: Poor
E: Extremely poor quality


Please read our Terms of Service and Disclaimer relating to this data.

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Belarus | GDP | 2023 | 2024 | Economic Data | World Economics (2024)

FAQs

What is the position of Belarus in the world economy? ›

It has been described as a welfare state or market socialist. Belarus is the world's 74th-largest economy by GDP. $66.3 billion (nominal, 2024 est.) $170.934 billion (PPP, 2024 est.)

Does Belarus have a good economy? ›

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.

What are the top 5 economies in the world in 2024? ›

List of Top 10 Largest Economies in the World in 2024:-
RankCountryGDP (Trillions USD)
1United States$23.0
2China$16.9
3Japan$5.4
4India$4.8
6 more rows
Apr 4, 2024

Which country has the highest economics? ›

The United States has maintained its position as the world's leading economy and richest country for over 60 years from 1960 to 2023.

How strong is Belarus economy? ›

Thanks to a strong demand in Russia, the Belarusian economy has adapted and secured a 3.9% year-on-year recovery growth of the GDP (exceeding an official forecast at 3.8%) after a 4.7% slump in 2022.

Is Belarus a 1st world country? ›

Belarus is a developing country, ranking 60th on the Human Development Index.

What is Belarus main source of income? ›

The government forecasts a budget deficit in 2023. The main source of revenue is taxes.

What is Belarus best known for? ›

Belarus is famous for its forests and lakes – no wonder it is called the «lungs of Europe». There are many wide bright avenues and narrow cobbled streets, Catholic churches and Orthodox cathedrals, majestic castles and wooden huts in the villages, hearty and delicious national cuisine in Belarus.

What is the average income in Belarus? ›

Average salary overview

The average gross monthly salary in 2024 in Belarus is around 2,940 Belarusian rubles (BYN), equivalent to approximately €830. However, it's pivotal to acknowledge that salary levels can vary significantly based on industry, job role, and geographic location.

What is the poorest country in the world? ›

By continent or region
  • Somalia.
  • South Sudan.
  • Sudan.
  • Tanzania.
  • The Gambia.
  • Togo.
  • Uganda.
  • Zambia.

Who has the strongest economy in the world in 2050? ›

This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over 58 trillion U.S. dollars.

Which country will be rich in 2030? ›

China in fact, considered by many to become the biggest economy in the world by 2030, has had a fast growing economy over the last few decades, but its fortunes seem to have turned post Covid-19.

Who has the strongest economy in Europe? ›

The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 or $26.64 trillion (PPP), representing around one-sixth of the global economy. Germany has the biggest national GDP of all EU countries, followed by France and Italy.

Which country has the highest quality of life? ›

Top 10 Countries with the Highest Quality of Life - U.S. News Best Countries Report 2023
CountryQoL US News
Canada1
Denmark2
Sweden3
Norway4
6 more rows

What is the top 3 economy in the world? ›

GDP by Country
#CountryPopulation (2022)
1United States338,289,857
2China1,425,887,337
3Japan123,951,692
4Germany83,369,843
56 more rows

Is Belarus considered a third world country? ›

There were two “worlds”: a world of Capitalism and a world of Socialism. 3-rd world countries were the countries of Feudalism or even worse, too underdeveloped to belong to the first two worlds. In these terms, Belarus is still a “2nd-world country”, since it still has most of the USSR attributes.

What is the rank of Belarus? ›

Updated October 2023

Belarus's economic freedom score is 48.4, making its economy the 153rd freest in the 2024 Index of Economic Freedom. Its rating has decreased by 2.6 points from last year, and Belarus is ranked 44th out of 44 countries in the Europe region.

What is the rank of Belarus in the world population? ›

Population of Belarus (2024 and historical)
YearPopulationBelarus Global Rank
20229,534,95496
20209,633,74095
20159,700,60992
20109,731,42787
9 more rows

How does the economy of Belarus compare to the economy of Ukraine? ›

Comparison In 2022, Ukraine ranked 43 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Belarus ranked 30 in the Economic Complexity Index (ECI 0.86), and 100 in total exports ($10.4B).

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