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Home :: Trade Leads By Country : Belarus



BELARUS

Barbados, Countries by TradeBelarus, Countries by Trade

Introduction

The Republic of Belarus is situated in the heart of Europe where the roads from Western Europe to East and from South and South-East Regions to the Baltic countries cross.This is a beautiful amalgamation not only of the roads that cross each other but also the cultures that meet and diversify in a great way. This wonderful and inimitable country has a lot of blue lakes with rich cultural and historical heritage and deep roots in the past attracts tourists from over the world. If you are the entertainment types and loves to watch movies and theatres then this may be the right place for you as theatre-goers and lovers of music have a possibility of spending evening time in one of numerous theatres and concert halls. This country is also very famous for it music and art I all forms that are very famous all over the world.


Business and Economy

Belarus' economy in 2003 posted 6.1 percent growth and is likely to continue expanding through 2005, albeit at a slower growth rate.This small country is on a all time high wih its figures soaring high and the economy doing well.But there seems to be the only disadvantage that is the Belarusian economy is likely to be hampered by high inflation, persistent trade deficits, and ongoing rocky relations with Russia, Belarus' largest trading partner and energy supplier. There are a lot of key sctors that contribute to the economy of this country one being the obvious tourism sector and the other being the agriculture and the offshore banking services.


Major Cities

The major cities in Botswana are Homjel',Hrodna,Mahiljow,Minsk,Vicebsk.


Fact Sheet

GDP- purchasing power parity - $61.91 billion (2003 est.)
GDP - real growth rate: 6.1% (2003 est.)
GDP - per capita: purchasing power parity - $6,000 (2003 est.)
GDP - composition by sector:
agriculture: 9%
industry: 31.5%
services: 59.5% (2002 est.)
Population below poverty line: 22% (1995 est.)
Household income or consumption by percentage share:
lowest 10%: 5.1%
highest 10%: 20% (1998)
Distribution of family income - Gini index: 21.7 (1998)
Inflation rate (consumer prices): 30% (2003 est.)
Labor force: 4.8 million (2000 est.)
Labor force - by occupation: NA%
Unemployment rate: 2.1% officially registered unemployed (December 2000); large number of underemployed workers (2003 est.)
Budget:
revenues: $4 billion
expenditures: $4.1 billion, including capital expenditures of $180 million (1997 est.)
Industries: metal-cutting machine tools, tractors, trucks, earthmovers, motorcycles, television sets, chemical fibers, fertilizer, textiles, radios, refrigerators
Agriculture - products: grain, potatoes, vegetables, sugar beets, flax; beef, milk
Exports: $9.413 billion f.o.b. (2003 est.)
Exports - commodities: machinery and equipment, mineral products, chemicals, metals; textiles, foodstuffs
Exports - partners: Russia 59.8%, Germany 4.9%, Ukraine 3.9% (2002)
Imports: $11.09 billion f.o.b. (2003 est.)
Imports - commodities: mineral products, machinery and equipment, chemicals, foodstuffs, metals
Imports - partners: Russia 68%, Germany 9.6%, Poland 3% (2002)
Debt - external: $851 million (2001 est.)
Economic aid - recipient: $194.3 million (1995)
Currency: Belarusian ruble (BYB/BYR)
Currency code: BYB/BYR
Exchange rates: Belarusian rubles per US dollar - 1,790.92 (2003), 1,920 (2002), 1,390 (2001), 876.75 (2000), 248.8 (1999)
Fiscal year: Calendar year



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