Belarus: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 41.3
 Year 2022
 Measure percent
 Data availability 2004 - 2022
 Average 36
 Min - Max 8.11 - 58.22
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Belarus from 2004 to 2022. The average value for Belarus during that period was 36 percent with a minimum of 8.11 percent in 2005 and a maximum of 58.22 percent in 2011. The latest value from 2022 is 41.3 percent. For comparison, the world average in 2022 based on 130 countries is 64.74 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Belarus - Government debt - recent values

Historical chart
Belarus - Government debt - historical chart - 2004-2022

The government debt in Belarus and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.10 2022 percent
 Government spending, in dollars 12.45 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.95 2022 percent
 Government debt 41.30 2022 percent
 Government expenditure 9.16 Q3/2023 billion
 Tax revenue 12.83 2021 percent
 Commercial tax rate 53.30 2019 percent
 Tax preparation time 170 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 30.58 2021 percent
 Taxes on international trade 10.07 2021 percent
 Income and profits taxes 3.45 2021 percent
 Foreign aid -259.69 2021 million U.S. dollars
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