As per International Monetary Fund (IMF) Belarus’s nominal gross domestic product is expected to grow at a CAGR of 8.92% from it’s 2015 level of BYR 89.91 billion and reach BYR 163.499 Billion by 2022.
Belarus, a landlocked country in Eastern Europe, is bordered by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. It has an area of 207,600 square kilometres and a population of about 9.5 million. Belarus is divided into six provinces, with Minsk as the capital. The official languages are Belarusian and Russian, and the currency is the Belarusian ruble (BYR).
Belarus had estimated population of 9.498 million in the year 2016 and expected to reach 9.217 million by 2022. Belarus’s unemployment rate was 1.018% of total labor force.
Belarus’s real gross domestic product (GDP) was around BYR 75.171 billions in 2016 whereas the nominal GDP was expected to be BYR 97.226 billions. This resulted in GDP deflator 129.339. Per capita GDP was estimated at USD 5142.89 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 17999.70.
In 2016, Belarus government’s revenue was BYR 37.058 billions whereas the expenditure was BYR 41.531 billions. This resulted Belarus government’s net lending / borrowing negative at BYR 4.473 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Belarus was estimated to be negative at USD 2.118 billions for the year 2016 and is expected to decline at a CAGR of 1.58% and reach USD 2.274 by 2022. This negative current account balance indicates the Belarus is a net borrower from the whole world.
Scope of the Belarus PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Belarus.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Belarus.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Belarus.
- These reports provide risk analysis for Belarus.
For more information and to purchase Belarus PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/belarus-pestel-analysis-market-research-report
For more information and to purchase Belarus SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/belarus-swot-analysis-market-research-report
For more information and to purchase Belarus Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/belarus-risk-analysis-market-research-report
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