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Economy of Belarus vs Cameroon compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $51.3B for Cameroon, ranking 83/197 and 92/197 by economy size, respectively.

Belarus has $33.7B in government debt (42.9% of GDP), compared to $21.9B (39.9% of GDP) in Cameroon.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Belarus
GDP, current $

GDP, constant 2015 $
Cameroon
GDP, current $

GDP, constant 2015 $
Year GDP
Belarus Cameroon
Current $ Constant $ Current $ Constant $
1960 - - $614,206,068 $4,827,329,402
1961 - - $652,777,608 $4,884,469,574
1962 - - $694,247,864 $5,033,033,600
1963 - - $718,320,845 $5,221,397,415
1964 - - $776,650,177 $5,406,608,720
1965 - - $814,083,266 $5,516,149,517
1966 - - $851,112,535 $5,770,717,369
1967 - - $936,175,260 $5,141,012,904
1968 - - $1,046,191,218 $5,467,278,233
1969 - - $1,100,551,489 $5,735,255,756
1970 - - $1,151,216,993 $5,912,593,777
1971 - - $1,236,941,394 $6,118,334,765
1972 - - $1,498,251,890 $6,281,929,449
1973 - - $1,901,393,361 $6,618,369,537
1974 - - $2,157,415,533 $7,328,802,680
1975 - - $2,857,037,371 $8,152,930,849
1976 - - $2,898,090,002 $7,704,916,015
1977 - - $3,394,664,024 $8,763,561,577
1978 - - $4,662,852,583 $10,691,808,462
1979 - - $5,919,002,983 $11,337,071,802
1980 - - $6,674,569,047 $11,114,265,274
1981 - - $6,610,938,617 $13,012,879,895
1982 - - $6,611,255,964 $13,990,954,313
1983 - - $6,870,200,010 $14,951,689,440
1984 - - $7,311,938,026 $16,069,264,314
1985 - - $8,544,810,498 $17,364,955,075
1986 - - $11,857,056,199 $18,540,851,327
1987 - - $13,049,659,981 $18,142,844,102
1988 - - $12,236,057,362 $16,723,414,750
1989 - - $11,012,566,195 $16,419,195,682
1990 $17,389,558,233 $29,435,120,618 $12,314,482,628 $15,416,689,238
1991 $18,404,907,975 $29,081,900,435 $11,840,192,296 $14,829,529,308
1992 $16,939,790,094 $26,290,037,656 $12,071,775,335 $14,369,813,424
1993 $16,275,073,527 $24,291,994,261 $16,181,814,713 $13,229,990,256
1994 $14,931,435,232 $21,449,829,995 $8,902,446,252 $13,478,291,934
1995 $13,972,683,274 $19,219,047,590 $10,864,772,471 $13,868,353,888
1996 $14,756,846,154 $19,757,181,802 $11,093,538,846 $14,452,915,010
1997 $14,130,585,516 $22,009,501,596 $10,789,458,433 $15,107,243,821
1998 $15,221,352,699 $23,858,297,858 $11,298,144,990 $15,821,141,893
1999 $12,138,243,081 $24,669,479,794 $11,565,826,465 $16,534,881,735
2000 $12,736,780,455 $26,100,310,428 $10,566,579,295 $17,168,567,485
2001 $12,354,820,144 $27,333,629,973 $10,953,485,349 $17,910,981,186
2002 $14,594,900,945 $28,712,684,737 $12,417,251,350 $18,712,860,619
2003 $17,825,444,724 $30,734,974,395 $15,970,315,035 $19,733,301,669
2004 $23,141,566,293 $34,254,050,014 $18,826,214,136 $21,124,275,033
2005 $30,210,091,837 $37,473,931,238 $19,509,852,207 $21,594,980,960
2006 $36,961,894,281 $41,221,322,382 $20,910,512,975 $22,417,659,743
2007 $45,275,711,996 $44,766,358,828 $23,928,250,433 $23,387,803,923
2008 $60,752,106,347 $49,332,527,214 $27,715,142,033 $24,053,813,244
2009 $50,873,167,326 $49,431,189,908 $27,932,970,317 $24,674,221,649
2010 $57,231,904,543 $53,262,115,562 $27,507,501,821 $25,389,533,435
2011 $61,762,382,328 $56,218,149,512 $30,630,910,495 $26,247,499,414
2012 $65,685,890,439 $57,178,272,623 $30,155,062,329 $27,461,703,152
2013 $75,527,558,966 $57,749,323,055 $33,728,621,180 $28,833,560,541
2014 $78,813,069,121 $58,702,836,384 $36,386,544,706 $30,482,787,768
2015 $56,454,769,845 $56,454,769,845 $32,210,233,020 $32,210,233,020
2016 $47,723,545,321 $55,028,470,324 $33,814,337,044 $33,671,222,913
2017 $54,725,405,751 $56,421,892,170 $36,098,547,033 $34,863,580,363
2018 $60,031,026,576 $58,198,729,041 $39,955,552,190 $36,242,614,249
2019 $64,410,170,653 $59,040,547,745 $39,667,757,528 $37,502,066,833
2020 $61,371,673,345 $58,643,356,622 $40,773,241,177 $37,599,547,049
2021 $69,673,747,132 $60,073,587,235 $45,011,937,347 $38,854,942,335
2022 $73,775,179,925 $57,275,121,700 $44,347,206,073 $40,306,867,605
2023 $72,478,760,370 $59,638,602,548 $49,279,410,983 $41,616,173,715
2024 $75,961,865,472 $62,030,020,173 $51,326,764,685 $43,143,796,435

Economic indicators

Belarus Cameroon
Gross domestic product
$76B
2024
$51.3B
2024
GDP rank
83/197
2024
92/197
2024
GDP growth
4.81%
2023-2024
4.15%
2023-2024
GDP per capita
$8,317
2024
$1,762
2024
GDP per capita rank
95/197
2024
159/197
2024
GDP per capita, PPP
$33,006
2024
$5,591
2024
Government debt
$33.7B
2024
$21.9B
2024
Debt-to-GDP ratio
42.9%
2025
39.9%
2025
Government debt per person
$3,691
2024
$752
2024
Government debt per person rank
94/185
2024
152/185
2024
Average annual personal income after taxes
$6,343
2025
$1,492
2025
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
31.1%
2021
Income share by poorest 10%
4.5%
2020
2.1%
2021
Government expenditure, % of GDP
41.3%
2025
16.3%
2025
Consumer prices inflation
7%
2024-2025
4.53%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.46%
2023
3.28%
2021
Population
9074112
30491011

GDP per capita in Belarus vs Cameroon

Belarus' GDP per capita is $8,317, ranking 95/197, compared to $1,762 in Cameroon, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,006, while Cameroon ranks 155th at $5,591.

Belarus
GDP per capita

GDP per capita, PPP
Cameroon
GDP per capita

GDP per capita, PPP
Year Current $
Belarus Cameroon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $119.1 -
1961 - - $124.6 -
1962 - - $130 -
1963 - - $131.6 -
1964 - - $139.2 -
1965 - - $142.7 -
1966 - - $145.8 -
1967 - - $156.6 -
1968 - - $170.8 -
1969 - - $175.2 -
1970 - - $178.5 -
1971 - - $186.7 -
1972 - - $220.1 -
1973 - - $271.8 -
1974 - - $299.9 -
1975 - - $386 -
1976 - - $381 -
1977 - - $435 -
1978 - - $582 -
1979 - - $718 -
1980 - - $784 -
1981 - - $750 -
1982 - - $732 -
1983 - - $746 -
1984 - - $772 -
1985 - - $875 -
1986 - - $1,179 -
1987 - - $1,258 -
1988 - - $1,145 -
1989 - - $1,001 -
1990 $1,707 $5,220 $1,087 $2,032
1991 $1,805 $5,330 $1,015 $1,963
1992 $1,658 $4,917 $1,005 $1,890
1993 $1,590 $4,641 $1,310 $1,731
1994 $1,460 $4,190 $701 $1,752
1995 $1,371 $3,846 $832 $1,790
1996 $1,453 $4,039 $827 $1,850
1997 $1,397 $4,596 $783 $1,915
1998 $1,511 $5,061 $799 $1,975
1999 $1,211 $5,331 $796 $2,039
2000 $1,276 $5,796 $709 $2,108
2001 $1,244 $6,238 $715 $2,191
2002 $1,479 $6,697 $790 $2,263
2003 $1,820 $7,362 $988 $2,368
2004 $2,378 $8,483 $1,133 $2,533
2005 $3,126 $9,637 $1,143 $2,598
2006 $3,848 $10,995 $1,191 $2,704
2007 $4,735 $12,320 $1,326 $2,818
2008 $6,376 $13,886 $1,492 $2,870
2009 $5,352 $14,034 $1,461 $2,879
2010 $6,035 $15,339 $1,399 $2,914
2011 $6,528 $16,563 $1,514 $2,989
2012 $6,953 $18,115 $1,449 $3,060
2013 $7,998 $19,014 $1,576 $3,239
2014 $8,341 $19,038 $1,649 $3,422
2015 $5,967 $18,134 $1,415 $3,498
2016 $5,040 $17,832 $1,442 $3,627
2017 $5,786 $18,414 $1,496 $3,767
2018 $6,360 $20,026 $1,611 $4,011
2019 $6,838 $22,302 $1,555 $4,241
2020 $6,543 $24,872 $1,556 $4,365
2021 $7,490 $27,611 $1,672 $4,794
2022 $7,995 $28,429 $1,605 $5,189
2023 $7,897 $30,834 $1,737 $5,406
2024 $8,317 $33,006 $1,762 $5,591

Spending and national debt comparison

In 2024, Belarus' government spending was $31.1B, accounting for 41.3% of its GDP, while Cameroon's spent $8.52B, or 16.3% of GDP.

Debt-to-GDP ratio is 42.9% in Belarus and 39.9% in Cameroon, ranking 127/185 and 136/185, respectively.

Belarus
Government spending

Government debt
Cameroon
Government spending

Government debt
Year % of GDP
Belarus Cameroon
Government spending Government debt Government spending Government debt
1998 - - - 67.8%
1999 - - - 68.4%
2000 - - 14.6% 75.9%
2001 42.4% - 14.6% 62.2%
2002 43.8% - 13.9% 56.6%
2003 43.5% - 13.2% 51.5%
2004 44% 9.22% 13.4% 51.7%
2005 45% 8.12% 12.4% 43.8%
2006 47.2% 12.3% 12.5% 18.4%
2007 49.2% 15.8% 13.5% 13.8%
2008 60% 20.3% 15.9% 11.2%
2009 51.7% 32.5% 14.7% 11.3%
2010 44.3% 36.8% 15.2% 14%
2011 40.3% 58.2% 17.8% 15%
2012 38.9% 36.9% 17.2% 14.9%
2013 40.8% 36.9% 19.2% 17.5%
2014 38.8% 38.8% 20.1% 20.7%
2015 41.8% 53% 20.1% 31.6%
2016 40.7% 53.5% 20.2% 32.1%
2017 39% 53.2% 19.2% 36.5%
2018 37.8% 47.5% 18% 38.3%
2019 37.4% 41% 18.7% 41.6%
2020 38% 47.5% 16.6% 44.9%
2021 36.7% 41.2% 17.1% 47.2%
2022 38% 40.8% 17.1% 45.6%
2023 40.3% 40.7% 17.1% 43.2%
2024 41% 44.4% 16.6% 42.7%
2025 41.3% 42.9% 16.3% 39.9%

Government deficit by year

In 2024, Belarus' government surplus, the difference between spending and revenue, was $567M, equivalent to 0.75% of GDP. This compares to Cameroon's deficit of -$307M, or -0.6% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Cameroon ran a deficit in 17 years. On average, Belarus posted an annual deficit equal to -3.34% of GDP, compared to deficit of -0.07% of GDP for Cameroon.

Deficit/surplus
Belarus

Cameroon
Year Deficit/surplus, % of GDP
Belarus Cameroon
2000 - 1.54%
2001 -4.74% 0.86%
2002 -7.81% 1.51%
2003 -6.74% 0.56%
2004 -7.06% -0.46%
2005 -6.71% 3.03%
2006 -7.71% 28.2%
2007 -7.82% 3.87%
2008 -10.9% 2%
2009 -7.23% -0.04%
2010 -4.19% -0.93%
2011 -2.81% -2.26%
2012 0.36% -1.4%
2013 -0.98% -3.55%
2014 0.09% -4.09%
2015 -2.96% -4.25%
2016 -1.66% -5.88%
2017 -0.34% -4.72%
2018 1.8% -2.41%
2019 0.91% -3.24%
2020 -2.87% -3.19%
2021 -0.22% -3.01%
2022 -2.04% -1.11%
2023 0.71% -0.63%
2024 0.75% -0.6%
2025 0.24% -0.84%

Inflation comparison by year

Over the past 29 years, Belarus has recorded an average annual inflation rate of 37.7%, compared with 2.79% in Cameroon. In 2024, inflation was 7% in Belarus and 4.53% in Cameroon.

Inflation
Belarus

Cameroon
Year Inflation
Belarus Cameroon Belarus Cameroon
1996 52.7% 3.92%
1997 63.8% 4.79%
1998 73% 3.17%
1999 293.7% 1.87%
2000 168.6% 1.23%
2001 61.1% 4.42%
2002 42.6% 2.83%
2003 28.4% 0.62%
2004 18.1% 0.23%
2005 10.3% 2.01%
2006 7% 5.12%
2007 8.4% 0.92%
2008 14.8% 5.34%
2009 13% 3.04%
2010 7.7% 1.28%
2011 53.2% 2.94%
2012 59.2% 2.74%
2013 18.3% 2.05%
2014 18.1% 1.85%
2015 13.5% 2.68%
2016 11.8% 0.87%
2017 6% 0.64%
2018 4.9% 1.07%
2019 5.6% 2.45%
2020 5.5% 2.44%
2021 9.5% 2.27%
2022 15.2% 6.25%
2023 5% 7.38%
2024 5.7% 4.53%
2025 7% -

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $9.1M
Metals $7.98M
Transport & tourism services $648K
Wood & paper products $213K
IT & IP services $210K
Business & finance services $176K
Machinery & equipment $71K
Chemicals & pharma $66K
Government & miscellaneous services $20K
Textiles & consumer goods $1K
Cameroon
Export category Export value

Balance of trade

Belarus Cameroon
Current account balance
-$1.94B
2024
-$2.02B
2023
Current account balance ranking
141/189
2024
143/189
2023
Current account balance, % of GDP
-2.56%
2024
-4.1%
2023
Goods imports
$44.2B
2024
$7.74B
2023
Goods exports
$39.5B
2024
$6.34B
2023
Service imports
$6.82B
2024
$2.55B
2023
Service exports
$10.1B
2024
$2.01B
2023
Imports of goods and services, % of GDP
66.9%
2024
21.1%
2024
Exports of goods and services, % of GDP
65.1%
2024
14.7%
2024

Economic freedom indices

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

Belarus Cameroon
Economic freedom 48.9 52.1
Economic freedom ranking 168/197 149/197
Property rights 20.9 31.3
Government integrity 28.8 20.7
Judicial effectiveness 10.5 10.3
Tax burden 89.3 72.9
Government spending 55.6 91.2
Fiscal health 96.2 92.3
Business freedom 50.9 48.8
Labor freedom 48 46.5
Monetary freedom 67.2 73.7
Trade freedom 69.2 57.2
Investment freedom 30 30
Financial freedom 20 50

Economic freedom by year comparison

The Economic Freedom Index for Belarus is 48.9, ranking 168/197, compared to 52.1 for Cameroon, ranking 149/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Belarus
Cameroon
Year Economic freedom index
Belarus Cameroon
1995 40.4 51.3
1996 38.7 45.7
1997 39.8 44.6
1998 38 48
1999 35.4 50.3
2000 41.3 49.9
2001 38 53.3
2002 39 52.8
2003 39.7 52.7
2004 43.1 52.3
2005 46.7 53
2006 47.5 54.6
2007 47 55.6
2008 45.3 54.3
2009 45 53
2010 48.7 52.3
2011 47.9 51.8
2012 49 51.8
2013 48 52.3
2014 50.1 52.6
2015 49.8 51.9
2016 48.8 54.2
2017 58.6 51.8
2018 58.1 51.9
2019 57.9 52.4
2020 61.7 53.6
2021 61 53.4
2022 53 52.9
2023 51 51.9
2024 48.4 53.6
2025 48.9 52.1

More economic indicators

Belarus Cameroon
Services, % of GDP
49.7%
2024
49.9%
2024
Industry, % of GDP
30.7%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
17.4%
2024
GNI, Atlas method
$75.2B
2024
$49B
2024
GNI per capita, PPP
$32,220
2024
$5,490
2024
Total reserves including gold
$8.91B
2024
$4.88B
2023
Total reserves ranking
82/177
2024
103/177
2023
Net foreign direct investment
-$1.57B
2024
-$901M
2023
Net inflows of foreign direct investment
$1.74B
2024
$925M
2024
Net outflows of foreign direct investment
$170M
2024
$5.56M
2024
Servicing debt to the IMF, % of GNI
11.3%
2023
3.53%
2023
Poverty at national poverty lines
3.9%
2022
37.7%
2021
Gross capital formation, % of GDP
25.8%
2024
21.4%
2024

GDP per capita map

GDP per capita

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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.