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Economy of Belarus vs Botswana compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $19.9B for Botswana, ranking 80/197 and 135/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $7.7B (38.6% of GDP) in Botswana.

Belarus vs Botswana GDP by year

Belarus
Botswana
1x
Year GDP, current $
Belarus Botswana
2025 $93,397,215,864 $19,928,479,839
2024 $78,591,839,300 $19,286,251,068
2023 $72,478,760,370 $19,413,614,555
2022 $73,775,179,925 $20,321,150,599
2021 $69,673,747,132 $18,750,182,236
2020 $61,371,673,345 $14,960,251,608
2019 $64,410,170,653 $16,725,908,149
2018 $60,031,026,576 $17,031,943,186
2017 $54,725,405,751 $16,105,155,857
2016 $47,723,545,321 $15,082,637,184
2015 $56,454,769,845 $13,530,748,845
2014 $78,813,069,121 $15,470,088,501
2013 $75,527,558,966 $14,271,738,933
2012 $65,685,890,439 $13,907,464,500
2011 $61,762,382,328 $15,110,643,612
2010 $57,231,904,543 $12,637,273,429
2009 $50,873,167,326 $10,118,459,242
2008 $60,752,106,347 $10,730,829,116
2007 $45,275,711,996 $10,567,270,656
2006 $36,961,894,281 $9,919,158,482
2005 $30,210,091,837 $9,918,907,108
2004 $23,141,566,293 $8,957,467,707
2003 $17,825,444,724 $7,511,582,173
2002 $14,594,900,945 $5,438,863,983
2001 $12,354,820,144 $5,489,608,300
2000 $12,736,856,828 $5,788,329,609
1999 $12,138,486,532 $5,484,263,347
1998 $15,222,012,660 $4,790,481,509
1997 $14,128,408,566 $5,020,265,627
1996 $14,500,437,520 $4,847,757,218
1995 $13,972,683,274 $4,730,599,122
1994 $14,931,435,232 $4,259,259,604
1993 $16,275,073,527 $4,160,129,175
1992 $16,939,790,094 $4,146,464,587
1991 $18,404,907,975 $3,942,876,703
1990 $17,389,558,233 $3,790,636,324
1989 - $3,083,822,112
1988 - $2,644,554,159
1987 - $1,965,226,890
1986 - $1,392,602,164
1985 - $1,114,783,343
1984 - $1,240,822,167
1983 - $1,172,230,397
1982 - $1,014,945,696
1981 - $1,073,812,830
1980 - $1,060,889,704
1979 - $819,870,259
1978 - $590,407,374
1977 - $451,624,780
1976 - $372,025,093
1975 - $355,168,572
1974 - $306,044,208
1973 - $244,124,164
1972 - $164,460,915
1971 - $127,448,614
1970 - $96,243,234
1969 - $77,361,547
1968 - $66,248,441
1967 - $58,642,354
1966 - $51,465,655
1965 - $45,788,696
1964 - $41,616,348
1963 - $38,091,843
1962 - $35,644,957
1961 - $32,902,613
1960 - $30,411,414

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

GDP per capita in Belarus vs Botswana by year

Belarus
GDP per capita

GDP per capita, PPP
Botswana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Botswana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $7,778 -
2024 $8,606 $33,010 $7,650 $20,538
2023 $7,897 $30,834 $7,827 $21,012
2022 $7,995 $28,429 $8,329 $19,977
2021 $7,490 $27,611 $7,808 $17,961
2020 $6,543 $24,872 $6,323 $15,292
2019 $6,838 $22,302 $7,172 $15,960
2018 $6,360 $20,026 $7,408 $15,786
2017 $5,786 $18,414 $7,105 $15,701
2016 $5,040 $17,832 $6,749 $16,228
2015 $5,967 $18,134 $6,141 $14,144
2014 $8,341 $19,038 $7,122 $15,003
2013 $7,998 $19,014 $6,667 $13,621
2012 $6,953 $18,115 $6,596 $12,737
2011 $6,528 $16,563 $7,287 $13,635
2010 $6,035 $15,339 $6,216 $12,753
2009 $5,352 $14,034 $5,083 $11,686
2008 $6,376 $13,886 $5,503 $13,810
2007 $4,735 $12,320 $5,529 $13,389
2006 $3,848 $10,995 $5,292 $12,563
2005 $3,126 $9,637 $5,391 $11,458
2004 $2,378 $8,483 $4,957 $10,818
2003 $1,820 $7,362 $4,230 $10,439
2002 $1,479 $6,697 $3,117 $9,958
2001 $1,244 $6,238 $3,206 $9,420
2000 $1,276 $5,796 $3,451 $9,380
1999 $1,211 $5,331 $3,340 $9,188
1998 $1,511 $5,061 $2,981 $8,441
1997 $1,396 $4,596 $3,194 $8,497
1996 $1,427 $4,039 $3,156 $7,890
1995 $1,371 $3,846 $3,156 $7,503
1994 $1,460 $4,190 $2,917 $7,049
1993 $1,590 $4,641 $2,929 $6,847
1992 $1,658 $4,917 $3,005 $6,753
1991 $1,805 $5,330 $2,939 $6,598
1990 $1,707 $5,220 $2,903 $6,104
1989 - - $2,428 -
1988 - - $2,141 -
1987 - - $1,639 -
1986 - - $1,200 -
1985 - - $994 -
1984 - - $1,145 -
1983 - - $1,121 -
1982 - - $1,006 -
1981 - - $1,107 -
1980 - - $1,132 -
1979 - - $909 -
1978 - - $695 -
1977 - - $565 -
1976 - - $490 -
1975 - - $493 -
1974 - - $446 -
1973 - - $374 -
1972 - - $264.2 -
1971 - - $212.2 -
1970 - - $163 -
1969 - - $131.8 -
1968 - - $113.4 -
1967 - - $100.9 -
1966 - - $89.1 -
1965 - - $79.7 -
1964 - - $73.5 -
1963 - - $68.9 -
1962 - - $66 -
1961 - - $62.3 -
1960 - - $58.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $7,778 in Botswana, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Botswana ranks 95th at $20,538.

Economic indicators

Belarus Botswana
Gross domestic product
$93.4B
2025
$19.9B
2025
GDP rank
80/197
2025
135/197
2025
GDP growth
1.3%
2024-2025
-0.73%
2024-2025
GDP per capita
$10,279
2025
$7,778
2025
GDP per capita rank
88/197
2025
100/197
2025
GDP per capita, PPP
$33,010
2024
$20,538
2024
GDP per capita PPP rank
68/197
2024
95/197
2024
Government debt
$30.9B
2025
$7.7B
2025
Debt-to-GDP ratio
33.1%
2025
38.6%
2025
Government debt per person
$3,399
2025
$3,005
2025
Government debt per person rank
98/185
2025
106/185
2025
Average annual personal income after taxes
$8,062
2026
$5,441
2026
Market capitalization of domestic companies
$5.54B
2025
$4.28B
2025
Income share by richest 10%
20.7%
2020
42.9%
2015
Income share by poorest 10%
4.5%
2020
1.4%
2015
Government expenditure, % of GDP
41.3%
2025
35%
2025
Consumer prices inflation
6.6%
2024-2025
2.66%
2024-2025
Central bank interest rate
9.25%
2026
5.5%
2026
Unemployment rate
3.04%
2024
24.4%
2024
Population
9025821
2624853

Spending and national debt comparison by year

Belarus
Spending

Debt
Botswana
Spending

Debt
1x
Year % of GDP
Belarus Botswana
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 35% 38.6%
2024 40.8% 38.7% 33.7% 33.2%
2023 40.3% 40.7% 32.4% 22.5%
2022 38% 40.8% 29.1% 21%
2021 36.7% 41.2% 31.4% 22.3%
2020 38% 47.5% 36.5% 23.5%
2019 37.4% 41% 36.9% 21.5%
2018 37.8% 47.5% 35.6% 19.6%
2017 39% 53.2% 34.7% 19.6%
2016 40.7% 53.5% 34.1% 22.3%
2015 41.8% 53% 37.8% 24.5%
2014 38.8% 38.8% 36.5% 23.9%
2013 40.8% 36.9% 33.5% 23.8%
2012 38.9% 36.9% 37.1% 26.4%
2011 40.3% 58.2% 37.2% 27.9%
2010 44.3% 36.8% 42.6% 26.5%
2009 51.7% 32.5% 52.1% 22.4%
2008 60% 20.3% 48.1% 7.79%
2007 49.2% 15.8% 37.1% 5.93%
2006 47.2% 12.3% 33.1% 6.14%
2005 45% 8.12% 33.8% 7.46%
2004 44% 9.22% 39.8% 10.7%
2003 43.5% - 42.7% 7.08%
2002 43.8% - 45.1% 8.37%
2001 42.4% - 42.1% 7.48%
2000 - - 38.8% 8.16%
1999 - - 40.1% 9.31%
1998 - - 41.8% 11.3%
1997 - - 39% -
1996 - - 36.1% -
1995 - - 36.1% -
1994 - - 37.6% -
1993 - - 42% -
1992 - - 42.3% -
1991 - - 41.1% -
1990 - - 38.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Botswana spent $6.98B, or 35% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 38.6% in Botswana, ranking 148/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Botswana
1x
Year Deficit/surplus, % of GDP
Belarus Botswana
2025 0.15% -7.42%
2024 0.54% -7.26%
2023 0.76% -4.16%
2022 -1.98% 0.04%
2021 -0.22% -2.33%
2020 -2.87% -10.9%
2019 0.91% -8.53%
2018 1.8% -5.03%
2017 -0.34% -1.14%
2016 -1.66% 0.71%
2015 -2.96% -4.82%
2014 0.09% 3.9%
2013 -0.98% 5.84%
2012 0.36% 0.89%
2011 -2.81% -0.12%
2010 -4.19% -7.95%
2009 -7.23% -13.8%
2008 -10.9% -7.61%
2007 -7.82% 5.73%
2006 -7.71% 13.3%
2005 -6.71% 10.3%
2004 -7.06% 1.35%
2003 -6.74% -0.18%
2002 -7.81% -3.94%
2001 -4.74% -2.91%
2000 - 8.73%
1999 - 5.95%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Botswana's deficit of $1.48B, or 7.42% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Botswana ran a deficit in 16 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 1.84% of GDP for Botswana.

Inflation comparison by year

Inflation
Belarus

Botswana
1x
Year Consumer prices inflation
Belarus Botswana
2025 6.6% 2.66%
2024 5.7% 2.82%
2023 5% 5.07%
2022 15.2% 11.7%
2021 9.5% 7.24%
2020 5.5% 1.89%
2019 5.6% 2.77%
2018 4.9% 3.24%
2017 6% 3.31%
2016 11.8% 2.81%
2015 13.5% 3.06%
2014 18.1% 4.4%
2013 18.3% 5.88%
2012 59.2% 7.54%
2011 53.2% 8.46%
2010 7.7% 6.95%
2009 13% 8.03%
2008 14.8% 12.7%
2007 8.4% 7.08%
2006 7% 11.6%
2005 10.3% 8.61%
2004 18.1% 6.95%
2003 28.4% 9.19%
2002 42.6% 8.03%
2001 61.1% 6.56%
2000 168.6% 8.6%
1999 293.7% 7.75%
1998 73% 6.66%
1997 63.8% 8.72%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 6.56% in Botswana. In 2025, inflation was 6.6% in Belarus and 2.66% in Botswana.

Top exports between countries

Belarus
Export category Export value
Machinery & equipment $1K
Botswana
Export category Export value

Balance of trade

Belarus Botswana
Current account balance
-$1.82B
2025
-$821M
2024
Current account balance ranking
137/190
2025
113/190
2024
Current account balance, % of GDP
-1.94%
2025
-4.26%
2024
Goods imports
$46B
2025
$6.86B
2024
Goods exports
$40B
2025
$4.66B
2024
Service imports
$7.55B
2025
$1.29B
2024
Service exports
$11.7B
2025
$935M
2024
Imports of goods and services, % of GDP
57%
2025
37.5%
2025
Exports of goods and services, % of GDP
55.1%
2025
32%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Botswana
Economic freedom 49.1 67.7
Economic freedom ranking 166/197 53/197
Property rights 20 71.7
Government integrity 28.3 59.6
Judicial effectiveness 11.5 70.2
Tax burden 93.5 87.1
Government spending 52.6 69.8
Fiscal health 96.8 72.4
Business freedom 50.3 61.5
Labor freedom 48 60.7
Monetary freedom 69 72
Trade freedom 69.2 77
Investment freedom 30 50
Financial freedom 20 60

Economic freedom comparison by year

Belarus
Botswana
1x
Year Economic freedom index
Belarus Botswana
2026 49.1 67.7
2025 48.9 69.9
2024 48.4 68
2023 51 64.9
2022 53 64.8
2021 61 67.6
2020 61.7 69.6
2019 57.9 69.5
2018 58.1 69.9
2017 58.6 70.1
2016 48.8 71.1
2015 49.8 69.8
2014 50.1 72
2013 48 70.6
2012 49 69.6
2011 47.9 68.8
2010 48.7 70.3
2009 45 69.7
2008 45.3 68.2
2007 47 68.1
2006 47.5 68.8
2005 46.7 69.3
2004 43.1 69.9
2003 39.7 68.6
2002 39 66.2
2001 38 66.8
2000 41.3 65.8
1999 35.4 62.9
1998 38 62.8
1997 39.8 59.1
1996 38.7 61.6
1995 40.4 56.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 67.7 for Botswana, ranking 53/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Botswana
Services, % of GDP
50%
2025
64.6%
2025
Industry, % of GDP
31.6%
2025
27.9%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
1.78%
2025
GNI, Atlas method
$83.3B
2025
$18.9B
2025
GNI per capita, PPP
$34,310
2025
$19,960
2025
Total reserves including gold
$14.5B
2025
$3.46B
2024
Total reserves ranking
72/177
2025
117/177
2024
Net foreign direct investment
-$1.43B
2025
-$464M
2024
Net inflows of foreign direct investment
$1.74B
2024
$467M
2024
Net outflows of foreign direct investment
$170M
2024
$3.02M
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
1.45%
2024
Poverty at national poverty lines
3.5%
2024
16.1%
2015
Gross capital formation, % of GDP
27.1%
2025
29.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/botswana | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2021, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.