Belarus ranks 81st of 191 in IMF nominal GDP ranking, ahead of Lithuania and Latvia

Belarus ranks 81st among 191 world economies by nominal GDP. According to the International Monetary Fund's forecast, it will be 108.11 billion dollars in 2026.

The official forecast for Belarus's socio-economic development in 2026 assumes GDP growth of 2.8% compared with the 2025 level. The draft forecast was prepared at a meeting of the Presidium of the Council of Ministers on 20 August 2025, and the key indicators were announced by Minister of Economy Yury Chabatar.

Analysts at MacroBy, experts at the Eurasian Development Bank and independent economists agree on a more restrained scenario: GDP growth of about 1 percent. In October 2026 the Eurasian Fund for Stabilization and Development forecast growth of 2%, which is 0.7 percentage points higher than its previous estimate.

According to Belstat, GDP in September 2026 grew by 2% compared with the same period last year. GDP in current prices for January–September came to 237 billion BYN.

In December 2025 the Eurasian Development Bank forecast Belarus's GDP growth at 1.8% in 2026, citing consumer and investment activity.

The ranking is based on IMF forecasts. Nominal GDP is calculated in current US dollars at market exchange rates.

According to an analytical note, in 2024 industry accounted for 25% of GDP, agriculture for more than 6%, and construction for 5.5%. In 2023 agriculture's share was 6.6%.

Industry is named as the main growth driver in 2023–2024. In 2023 it provided a significant part of the 3.9% GDP growth. Industrial output reached 187.8 billion rubles in 2023 and exceeded 208 billion in 2024, with machine building and manufacturing as the key sectors.

By the size of its economy, Belarus is ahead of Lithuania and Latvia but behind the other neighbouring states.

Lithuania's real GDP grew by 2.7% in 2025, and its volume came to 84 billion euros.

In 2004 GDP per capita in Belarus was 2378 dollars; at the end of 2023 it was about 7900. In Lithuania over the same period it grew by more than 4.6 times.

Over ten years, by estimates, Belarus's economy grew by about 1%, and Lithuania's by 35–40%.

In 2024 Belarus's GDP grew by 4 percent, so a forecast of about 1% for 2026 means a noticeable slowdown. The pace is falling, among other reasons, because of the weakening of the Russian economy; growth of 1.8% is expected for Russia in 2026.

In June 2026 the EBRD lowered its estimate of the Belarusian economy's growth by 0.2 percentage points, to 1.1%.

The ranking is based on the October edition of the IMF's World Economic Outlook. A country's position changes noticeably depending on how GDP is measured.

In September 2026 the EBRD raised its forecast for Belarus's GDP growth by 0.2 percentage points, to 1.3%. In October 2025 the World Bank changed its forecast for 2026.