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Economy of Belarus vs Colombia compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $457B for Colombia, ranking 80/197 and 37/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $274B (59.9% of GDP) in Colombia.

Belarus vs Colombia GDP by year

Belarus
Colombia
1x
Year GDP, current $
Belarus Colombia
2025 $93,397,215,864 $457,410,034,203
2024 $78,591,839,300 $420,504,033,143
2023 $72,478,760,370 $366,901,643,683
2022 $73,775,179,925 $345,632,492,851
2021 $69,673,747,132 $318,524,633,225
2020 $61,371,673,345 $270,348,342,541
2019 $64,410,170,653 $323,031,701,193
2018 $60,031,026,576 $334,198,218,098
2017 $54,725,405,751 $311,866,875,157
2016 $47,723,545,321 $282,720,100,286
2015 $56,454,769,845 $293,492,370,193
2014 $78,813,069,121 $381,240,864,422
2013 $75,527,558,966 $382,093,697,078
2012 $65,685,890,439 $370,691,143,018
2011 $61,762,382,328 $334,966,134,805
2010 $57,231,904,543 $286,498,534,095
2009 $50,873,167,326 $232,468,663,110
2008 $60,752,106,347 $242,504,150,473
2007 $45,275,711,996 $206,229,540,926
2006 $36,961,894,281 $161,792,958,905
2005 $30,210,091,837 $145,600,529,606
2004 $23,141,566,293 $117,092,416,666
2003 $17,825,444,724 $94,644,969,157
2002 $14,594,900,945 $97,945,812,803
2001 $12,354,820,144 $98,200,641,203
2000 $12,736,856,828 $99,875,074,951
1999 $12,138,486,532 $86,186,158,685
1998 $15,222,012,660 $98,443,739,941
1997 $14,128,408,566 $106,659,508,271
1996 $14,500,437,520 $97,160,109,278
1995 $13,972,683,274 $92,507,279,383
1994 $14,931,435,232 $81,703,500,846
1993 $16,275,073,527 $66,446,804,803
1992 $16,939,790,094 $58,418,985,443
1991 $18,404,907,975 $49,175,565,911
1990 $17,389,558,233 $47,844,090,710
1989 - $39,540,080,200
1988 - $39,212,550,050
1987 - $36,373,307,085
1986 - $34,942,489,684
1985 - $34,894,411,352
1984 - $38,253,120,738
1983 - $38,729,822,782
1982 - $38,968,039,722
1981 - $36,388,366,869
1980 - $33,400,735,644
1979 - $27,940,411,250
1978 - $23,263,511,958
1977 - $19,470,960,619
1976 - $15,341,403,660
1975 - $13,098,633,902
1974 - $12,370,029,584
1973 - $10,315,760,000
1972 - $8,671,358,733
1971 - $7,820,380,971
1970 - $7,198,360,460
1969 - $6,450,175,214
1968 - $5,960,212,869
1967 - $5,825,170,438
1966 - $5,428,518,519
1965 - $5,760,761,905
1964 - $5,973,366,667
1963 - $4,836,166,667
1962 - $4,955,543,963
1961 - $4,540,447,761
1960 - $4,031,152,977

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

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

GDP per capita in Belarus vs Colombia by year

Belarus
GDP per capita

GDP per capita, PPP
Colombia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Colombia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $8,562 -
2024 $8,606 $33,010 $7,951 $22,349
2023 $7,897 $30,834 $7,012 $21,246
2022 $7,995 $28,429 $6,680 $20,854
2021 $7,490 $27,611 $6,223 $17,383
2020 $6,543 $24,872 $5,340 $15,519
2019 $6,838 $22,302 $6,473 $16,182
2018 $6,360 $20,026 $6,817 $15,239
2017 $5,786 $18,414 $6,480 $14,401
2016 $5,040 $17,832 $5,960 $14,027
2015 $5,967 $18,134 $6,249 $13,332
2014 $8,341 $19,038 $8,187 $13,355
2013 $7,998 $19,014 $8,279 $12,780
2012 $6,953 $18,115 $8,109 $12,093
2011 $6,528 $16,563 $7,401 $11,707
2010 $6,035 $15,339 $6,398 $10,841
2009 $5,352 $14,034 $5,251 $10,367
2008 $6,376 $13,886 $5,542 $10,307
2007 $4,735 $12,320 $4,770 $9,909
2006 $3,848 $10,995 $3,790 $9,154
2005 $3,126 $9,637 $3,456 $8,432
2004 $2,378 $8,483 $2,819 $7,909
2003 $1,820 $7,362 $2,312 $7,420
2002 $1,479 $6,697 $2,429 $7,109
2001 $1,244 $6,238 $2,473 $6,935
2000 $1,276 $5,796 $2,555 $6,776
1999 $1,211 $5,331 $2,241 $6,544
1998 $1,511 $5,061 $2,605 $6,854
1997 $1,396 $4,596 $2,873 $6,861
1996 $1,427 $4,039 $2,665 $6,639
1995 $1,371 $3,846 $2,584 $6,506
1994 $1,460 $4,190 $2,326 $6,174
1993 $1,590 $4,641 $1,929 $5,826
1992 $1,658 $4,917 $1,730 $5,509
1991 $1,805 $5,330 $1,486 $5,281
1990 $1,707 $5,220 $1,475 $5,109
1989 - - $1,244 -
1988 - - $1,260 -
1987 - - $1,193 -
1986 - - $1,169 -
1985 - - $1,192 -
1984 - - $1,336 -
1983 - - $1,384 -
1982 - - $1,425 -
1981 - - $1,362 -
1980 - - $1,280 -
1979 - - $1,095 -
1978 - - $932 -
1977 - - $798 -
1976 - - $643 -
1975 - - $561 -
1974 - - $542 -
1973 - - $462 -
1972 - - $397 -
1971 - - $367 -
1970 - - $346 -
1969 - - $318 -
1968 - - $302 -
1967 - - $303 -
1966 - - $290.3 -
1965 - - $317 -
1964 - - $339 -
1963 - - $282.6 -
1962 - - $298.5 -
1961 - - $282.1 -
1960 - - $258.3 -

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

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $8,562 in Colombia, ranking 94/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Colombia ranks 87th at $22,349.

Economic indicators

Belarus Colombia
Gross domestic product
$93.4B
2025
$457B
2025
GDP rank
80/197
2025
37/197
2025
GDP growth
1.3%
2024-2025
2.64%
2024-2025
GDP per capita
$10,279
2025
$8,562
2025
GDP per capita rank
88/197
2025
94/197
2025
GDP per capita, PPP
$33,010
2024
$22,349
2024
GDP per capita PPP rank
68/197
2024
87/197
2024
Government debt
$30.9B
2025
$274B
2025
Debt-to-GDP ratio
33.1%
2025
59.9%
2025
Government debt per person
$3,399
2025
$5,126
2025
Government debt per person rank
98/185
2025
85/185
2025
Average annual personal income after taxes
$8,062
2026
$6,463
2026
Market capitalization of domestic companies
$5.54B
2025
$133B
2025
Number of billionaires n/a
4
2026
Income share by richest 10%
20.7%
2020
42.7%
2024
Income share by poorest 10%
4.5%
2020
1%
2024
Government expenditure, % of GDP
41.3%
2025
33.2%
2025
Consumer prices inflation
6.6%
2024-2025
5.14%
2024-2025
Central bank interest rate
9.25%
2026
11.3%
2026
Unemployment rate
3.04%
2024
8.43%
2025
Population
9025821
54209462

Spending and national debt comparison by year

Belarus
Spending

Debt
Colombia
Spending

Debt
1x
Year % of GDP
Belarus Colombia
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 33.2% 59.9%
2024 40.8% 38.7% 34.4% 61%
2023 40.3% 40.7% 35.1% 55.4%
2022 38% 40.8% 34.1% 61.3%
2021 36.7% 41.2% 34.5% 64.4%
2020 38% 47.5% 33.7% 65.3%
2019 37.4% 41% 32.9% 51%
2018 37.8% 47.5% 34.7% 51.8%
2017 39% 53.2% 29.3% 49.4%
2016 40.7% 53.5% 30% 49.9%
2015 41.8% 53% 31.3% 50.4%
2014 38.8% 38.8% 31.3% 43.3%
2013 40.8% 36.9% 30% 37.6%
2012 38.9% 36.9% 29.1% 34%
2011 40.3% 58.2% 30.2% 35.8%
2010 44.3% 36.8% 30.4% 36.5%
2009 51.7% 32.5% 30.9% 35.4%
2008 60% 20.3% 28.4% 32.4%
2007 49.2% 15.8% 28.2% 32.7%
2006 47.2% 12.3% 28.4% 36%
2005 45% 8.12% 25.9% 38.5%
2004 44% 9.22% 26.6% 41.5%
2003 43.5% - 28% 45%
2002 43.8% - 28.1% 47.5%
2001 42.4% - 27.5% 41.1%
2000 - - 26.6% 38%
1999 - - 28.3% 34%
1998 - - 26.3% 27.5%
1997 - - 26.2% 25.3%
1996 - - 25.1% 23.3%
1995 - - 22.2% 13.8%
1994 - - 20.6% 12.5%
1993 - - 20% 14.2%
1992 - - 18.4% 16.1%
1991 - - 17.7% 14.5%
1990 - - 17.4% 16.7%
1989 - - 10.3% 17.3%
1988 - - 10.3% 17.9%
1987 - - 9.7% 18.9%
1986 - - 9.8% 20.2%
1985 - - 10.5% 19.3%
1984 - - 10.3% 15.5%
1983 - - 10.2% 10.8%
1982 - - 10.6% 8.8%
1981 - - 9.9% 8.5%
1980 - - 9.6% 8%
1979 - - 8.6% 7.7%
1978 - - 8.1% 7.6%
1977 - - 7.7% 9.2%
1976 - - 8% 12.2%
1975 - - 9.4% 14.6%
1974 - - 8.8% 15.9%
1973 - - 9.4% 16.3%
1972 - - 10.3% 16.9%
1971 - - 10.3% 16.2%
1970 - - 10% 16.7%
1969 - - 9.2% 17%
1968 - - 8.9% 16.2%
1967 - - 8.2% 15.8%
1966 - - 8% 15.3%
1965 - - 7% 15.2%
1964 - - 8.1% 13.1%
1963 - - 8.6% 13.9%
1962 - - 7.8% 14.8%
1961 - - 8.6% 8.7%
1960 - - 6.7% 7.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Colombia spent $152B, or 33.2% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 59.9% in Colombia, ranking 148/185 and 78/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Colombia
1x
Year Deficit/surplus, % of GDP
Belarus Colombia
2025 0.15% -5.75%
2024 0.54% -6.04%
2023 0.76% -2.92%
2022 -1.98% -6.36%
2021 -0.22% -7.28%
2020 -2.87% -7.12%
2019 0.91% -3.48%
2018 1.8% -4.67%
2017 -0.34% -2.5%
2016 -1.66% -2.27%
2015 -2.96% -3.52%
2014 0.09% -1.74%
2013 -0.98% -1.02%
2012 0.36% 0.15%
2011 -2.81% -1.99%
2010 -4.19% -3.3%
2009 -7.23% -2.67%
2008 -10.9% 0.04%
2007 -7.82% -0.82%
2006 -7.71% -0.99%
2005 -6.71% -0.02%
2004 -7.06% -1.31%
2003 -6.74% -2.7%
2002 -7.81% -3.45%
2001 -4.74% -2.71%
2000 - -2.94%
1999 - -5.37%
1998 - -3.86%
1997 - -3.23%
1996 - -2.49%
1995 - -1%
1994 - -0.14%
1993 - -0.24%
1992 - -0.07%
1991 - 0.35%
1990 - -0.41%
1989 - -1.4%
1988 - -1.3%
1987 - -0.4%
1986 - -1.4%
1985 - -2.4%
1984 - -3.3%
1983 - -3.1%
1982 - -3.6%
1981 - -2.8%
1980 - -2.2%
1979 - -0.7%
1978 - 0.3%
1977 - 0.5%
1976 - 0.6%
1975 - -0.5%
1974 - -1.2%
1973 - -1.1%
1972 - -1.7%
1971 - -1%
1970 - -0.7%
1969 - -0.5%
1968 - 0%
1967 - -0.2%
1966 - 0.1%
1965 - -0.6%
1964 - -1.1%
1963 - -1.7%
1962 - -1.6%
1961 - -1.5%
1960 - 1.2%
1959 - 2%
1958 - 1.7%
1957 - 1.4%
1956 - -0.2%
1955 - 0.7%
1954 - 1.3%
1953 - 1.3%
1952 - 1.6%
1951 - 2.1%
1950 - 0.9%
1949 - 0.5%
1948 - -0.1%
1947 - 0.2%
1946 - -0.5%
1945 - 0.1%
1944 - -0.2%
1943 - -0.7%
1942 - -1.5%
1941 - 0%
1940 - -1.5%
1939 - 0.8%
1938 - 0.5%
1937 - 1.4%
1936 - 1.1%
1935 - 1.3%
1934 - 0.2%
1933 - -0.4%
1932 - -0.8%
1931 - -0.2%
1930 - 0.3%
1929 - 0.4%
1928 - -0.4%
1927 - -0.6%
1926 - 0%
1925 - 1%
1924 - 0.5%
1923 - 0.3%
1922 - -0.7%
1921 - -1.6%
1920 - 0.4%
1919 - -0.8%
1918 - -2.1%
1917 - -0.5%
1916 - 0.2%
1915 - -0.2%
1914 - -0.5%
1913 - 0.5%
1912 - -0.3%
1911 - -0.1%
1910 - -0.3%
1909 - -3.3%
1908 - -2.7%
1907 - -2.7%
1906 - 0.2%
1905 - -0.9%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1905–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Colombia's deficit of $26.3B, or 5.75% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Colombia ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 2.98% of GDP for Colombia.

Inflation comparison by year

Inflation
Belarus

Colombia
1x
Year Consumer prices inflation
Belarus Colombia
2025 6.6% 5.14%
2024 5.7% 6.61%
2023 5% 11.7%
2022 15.2% 10.2%
2021 9.5% 3.5%
2020 5.5% 2.53%
2019 5.6% 3.52%
2018 4.9% 3.24%
2017 6% 4.31%
2016 11.8% 7.51%
2015 13.5% 4.99%
2014 18.1% 2.9%
2013 18.3% 2.02%
2012 59.2% 3.17%
2011 53.2% 3.42%
2010 7.7% 2.27%
2009 13% 4.2%
2008 14.8% 7%
2007 8.4% 5.54%
2006 7% 4.29%
2005 10.3% 5.05%
2004 18.1% 5.9%
2003 28.4% 7.13%
2002 42.6% 6.35%
2001 61.1% 7.97%
2000 168.6% 9.23%
1999 293.7% 10.9%
1998 73% 18.7%
1997 63.8% 18.5%

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/colombia | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 6.47% in Colombia. In 2025, inflation was 6.6% in Belarus and 5.14% in Colombia.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $59.4M
Chemicals & pharma $354K
Wood & paper products $250K
Machinery & equipment $67K
Textiles & consumer goods $67K
Metals $8K
Colombia
Export category Export value
Raw agricultural goods $1.82M
Animal & marine products $229K
Textiles & consumer goods $91K

Balance of trade

Belarus Colombia
Current account balance
-$1.82B
2025
-$10.9B
2025
Current account balance ranking
137/190
2025
176/190
2025
Current account balance, % of GDP
-1.94%
2025
-2.38%
2025
Goods imports
$46B
2025
$66.3B
2025
Goods exports
$40B
2025
$51.5B
2025
Service imports
$7.55B
2025
$19.6B
2025
Service exports
$11.7B
2025
$19.6B
2025
Imports of goods and services, % of GDP
57%
2025
20.4%
2025
Exports of goods and services, % of GDP
55.1%
2025
15%
2025

Economic freedom indices

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

Belarus Colombia
Economic freedom 49.1 59.8
Economic freedom ranking 166/197 101/197
Property rights 20 43.1
Government integrity 28.3 41.6
Judicial effectiveness 11.5 57.4
Tax burden 93.5 68.6
Government spending 52.6 64
Fiscal health 96.8 49.8
Business freedom 50.3 71.2
Labor freedom 48 59.1
Monetary freedom 69 71.9
Trade freedom 69.2 71.4
Investment freedom 30 60
Financial freedom 20 60

Economic freedom comparison by year

Belarus
Colombia
1x
Year Economic freedom index
Belarus Colombia
2026 49.1 59.8
2025 48.9 59.8
2024 48.4 59.2
2023 51 63.1
2022 53 65.1
2021 61 68.1
2020 61.7 69.2
2019 57.9 67.3
2018 58.1 68.9
2017 58.6 69.7
2016 48.8 70.8
2015 49.8 71.7
2014 50.1 70.7
2013 48 69.6
2012 49 68
2011 47.9 68
2010 48.7 65.5
2009 45 62.3
2008 45.3 62.2
2007 47 59.9
2006 47.5 60.4
2005 46.7 59.6
2004 43.1 61.2
2003 39.7 64.2
2002 39 64.2
2001 38 65.6
2000 41.3 63.3
1999 35.4 65.3
1998 38 65.5
1997 39.8 66.4
1996 38.7 64.3
1995 40.4 64.5

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 59.8 for Colombia, ranking 101/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Colombia
Services, % of GDP
50%
2025
58.5%
2025
Industry, % of GDP
31.6%
2025
21.8%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
9.95%
2025
GNI, Atlas method
$83.3B
2025
$422B
2025
GNI per capita, PPP
$34,310
2025
$22,250
2025
Total reserves including gold
$14.5B
2025
$65.8B
2025
Total reserves ranking
72/177
2025
41/177
2025
Net foreign direct investment
-$1.43B
2025
-$7.31B
2025
Net inflows of foreign direct investment
$1.74B
2024
$13.7B
2024
Net outflows of foreign direct investment
$170M
2024
$4.51B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
8.17%
2024
Poverty at national poverty lines
3.5%
2024
31.8%
2024
Gross capital formation, % of GDP
27.1%
2025
16.7%
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/colombia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1905–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.