Belarus

About the country

Economy

Due to its location factors, Belarus can offer itself as an interesting nearshoring partner and an advantageous starting point for localisation on the EAEU market with over 180 million consumers. As a small open economy, Belarus has been exposed to adverse external factors in recent years. In
2019, Belarus’ GDP grew by 1.2%, which is lower than the 3% indicator of the previous year. Over the past 11 months of 2020, GDP decreased by 0.9% compared to the corresponding period of 2019. According to the estimates of international financial institutions, a gradual recovery of the dynamics of the Belarusian economy is possible from next year.

Agriculture

In 2019, the agriculture of Belarus provided 6.8% of the country’s GDP, 9.8% of investments in fixed assets and jobs for 9% of the population employed in the economy. In the structure of plant growing, grain and leguminous crops have a high share, as well as fodder crops for dairy and meat cattle breeding. The main crops are barley, rye and triticale. Potatoes and flax also take a special share. The country has 19% of the
world’s flax crops. The main vegetable crops are carrots, beets, cabbage. In animal husbandry, mainly cattle are raised for the production of milk and meat, as well as pigs and poultry.

Tourism

The tourism sector in Belarus currently provides 2.2% of GDP, the strategic goal is to bring the sector’s contribution to GDP to 3.1% by 2035. In 2019, tourism services were provided by 1,544 legal organisations employing 243 thousand people, as well as 2,760 agroecotourism entities. At the end of 2019, the export of tourist services in Belarus amounted to USD 265.4 million and increased by 1.66 times compared to the level of 2016. The number of organized tourists and excursionists from Belarus amounted to 1.1 million people in 2019 (11.7 per 100 inhabitants).