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Economy of Belarus vs Dominica compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $724M for Dominica, ranking 80/197 and 190/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $743M (102.6% of GDP) in Dominica.

Belarus vs Dominica GDP by year

Belarus
Dominica
1x
Year GDP, current $
Belarus Dominica
2025 $93,397,215,864 $723,859,259
2024 $78,591,839,300 $688,881,481
2023 $72,478,760,370 $659,311,111
2022 $73,775,179,925 $623,062,963
2021 $69,673,747,132 $562,911,111
2020 $61,371,673,345 $528,944,444
2019 $64,410,170,653 $644,259,259
2018 $60,031,026,576 $628,244,444
2017 $54,725,405,751 $563,355,556
2016 $47,723,545,321 $612,711,111
2015 $56,454,769,845 $583,177,778
2014 $78,813,069,121 $572,255,556
2013 $75,527,558,966 $545,325,926
2012 $65,685,890,439 $520,355,556
2011 $61,762,382,328 $532,081,481
2010 $57,231,904,543 $519,859,259
2009 $50,873,167,326 $515,618,519
2008 $60,752,106,347 $480,003,704
2007 $45,275,711,996 $444,685,185
2006 $36,961,894,281 $416,674,074
2005 $30,210,091,837 $391,455,556
2004 $23,141,566,293 $396,711,111
2003 $17,825,444,724 $373,318,519
2002 $14,594,900,945 $375,200,000
2001 $12,354,820,144 $377,462,963
2000 $12,736,856,828 $333,470,370
1999 $12,138,486,532 $331,759,259
1998 $15,222,012,660 $322,411,111
1997 $14,128,408,566 $302,988,889
1996 $14,500,437,520 $292,285,185
1995 $13,972,683,274 $274,522,222
1994 $14,931,435,232 $264,374,074
1993 $16,275,073,527 $245,525,926
1992 $16,939,790,094 $234,059,259
1991 $18,404,907,975 $219,762,963
1990 $17,389,558,233 $201,429,630
1989 - $185,137,243
1988 - $171,106,184
1987 - $151,868,754
1986 - $135,161,959
1985 - $119,491,933
1984 - $109,157,071
1983 - $98,665,191
1982 - $89,527,577
1981 - $82,107,391
1980 - $72,804,653
1979 - $55,017,759
1978 - $57,130,216
1977 - $45,872,947

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Belarus vs Dominica by year

Belarus
GDP per capita

GDP per capita, PPP
Dominica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Dominica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $10,989 -
2024 $8,606 $33,010 $10,405 $21,301
2023 $7,897 $30,834 $9,913 $20,286
2022 $7,995 $28,429 $9,324 $18,802
2021 $7,490 $27,611 $8,376 $15,809
2020 $6,543 $24,872 $7,828 $14,244
2019 $6,838 $22,302 $9,491 $16,021
2018 $6,360 $20,026 $9,215 $15,070
2017 $5,786 $18,414 $8,225 $12,696
2016 $5,040 $17,832 $8,803 $12,945
2015 $5,967 $18,134 $8,283 $12,093
2014 $8,341 $19,038 $8,132 $12,083
2013 $7,998 $19,014 $7,822 $11,286
2012 $6,953 $18,115 $7,529 $10,921
2011 $6,528 $16,563 $7,705 $11,123
2010 $6,035 $15,339 $7,550 $10,924
2009 $5,352 $14,034 $7,487 $10,804
2008 $6,376 $13,886 $6,971 $10,862
2007 $4,735 $12,320 $6,459 $9,949
2006 $3,848 $10,995 $6,056 $9,200
2005 $3,126 $9,637 $5,695 $8,557
2004 $2,378 $8,483 $5,779 $8,232
2003 $1,820 $7,362 $5,447 $7,714
2002 $1,479 $6,697 $5,488 $7,167
2001 $1,244 $6,238 $5,528 $7,291
2000 $1,276 $5,796 $4,867 $7,111
1999 $1,211 $5,331 $4,817 $6,759
1998 $1,511 $5,061 $4,664 $6,617
1997 $1,396 $4,596 $4,372 $6,290
1996 $1,427 $4,039 $4,211 $6,041
1995 $1,371 $3,846 $3,952 $5,749
1994 $1,460 $4,190 $3,805 $5,465
1993 $1,590 $4,641 $3,536 $5,352
1992 $1,658 $4,917 $3,376 $5,125
1991 $1,805 $5,330 $3,171 $4,914
1990 $1,707 $5,220 $2,893 $4,667
1989 - - $2,639 -
1988 - - $2,423 -
1987 - - $2,138 -
1986 - - $1,893 -
1985 - - $1,666 -
1984 - - $1,515 -
1983 - - $1,363 -
1982 - - $1,232 -
1981 - - $1,125 -
1980 - - $996 -
1979 - - $754 -
1978 - - $786 -
1977 - - $634 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $10,989 in Dominica, ranking 84/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Dominica ranks 91st at $21,301.

Economic indicators

Belarus Dominica
Gross domestic product
$93.4B
2025
$724M
2025
GDP rank
80/197
2025
190/197
2025
GDP growth
1.3%
2024-2025
3.05%
2024-2025
GDP per capita
$10,279
2025
$10,989
2025
GDP per capita rank
88/197
2025
84/197
2025
GDP per capita, PPP
$33,010
2024
$21,301
2024
GDP per capita PPP rank
68/197
2024
91/197
2024
Government debt
$30.9B
2025
$743M
2025
Debt-to-GDP ratio
33.1%
2025
102.6%
2025
Government debt per person
$3,399
2025
$11,275
2025
Government debt per person rank
98/185
2025
54/185
2025
Average annual personal income after taxes
$8,062
2026
$6,105
2026
Market capitalization of domestic companies
$5.54B
2025
n/a
Income share by richest 10%
20.7%
2020
n/a
Income share by poorest 10%
4.5%
2020
n/a
Government expenditure, % of GDP
41.3%
2025
55.4%
2025
Consumer prices inflation
6.6%
2024-2025
2.53%
2024-2025
Central bank interest rate
9.25%
2026
n/a
Unemployment rate
3.04%
2024
11%
2001
Population
9025821
65501

Spending and national debt comparison by year

Belarus
Spending

Debt
Dominica
Spending

Debt
1x
Year % of GDP
Belarus Dominica
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 55.4% 102.6%
2024 40.8% 38.7% 67.4% 108.2%
2023 40.3% 40.7% 64.8% 101.3%
2022 38% 40.8% 69.7% 110%
2021 36.7% 41.2% 67% 116.3%
2020 38% 47.5% 66.8% 118.4%
2019 37.4% 41% 48.3% 97.8%
2018 37.8% 47.5% 63.4% 85.7%
2017 39% 53.2% 54% 84.2%
2016 40.7% 53.5% 48% 76.9%
2015 41.8% 53% 32.4% 68.2%
2014 38.8% 38.8% 32.7% 71.3%
2013 40.8% 36.9% 33.4% 73.9%
2012 38.9% 36.9% 36.2% 73.1%
2011 40.3% 58.2% 35.2% 69.7%
2010 44.3% 36.8% 39.4% 66.8%
2009 51.7% 32.5% 35.9% 62.5%
2008 60% 20.3% 34.7% 64.4%
2007 49.2% 15.8% 34.1% 71.8%
2006 47.2% 12.3% 29.7% 77.4%
2005 45% 8.12% 31% 82%
2004 44% 9.22% 30.2% 86.2%
2003 43.5% - 30.1% 94.9%
2002 43.8% - 28.6% 97.9%
2001 42.4% - 29.6% 98.5%
2000 - - 38.5% 68.9%
1999 - - 35.2% 61.8%
1998 - - 33% 56.3%
1997 - - 28.2% 47.7%
1996 - - 28.5% 53.7%
1995 - - 28.8% 57.4%
1994 - - 27.2% 55.9%
1993 - - 25.2% 53.4%
1992 - - 27.4% 54%
1991 - - 29% 56.9%
1990 - - 31.5% 54.1%

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

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Dominica spent $401M, or 55.4% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 102.6% in Dominica, ranking 148/185 and 20/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Dominica
1x
Year Deficit/surplus, % of GDP
Belarus Dominica
2025 0.15% -1.35%
2024 0.54% -6.75%
2023 0.76% -4.52%
2022 -1.98% -7.18%
2021 -0.22% -8.22%
2020 -2.87% -7.53%
2019 0.91% -8.72%
2018 1.8% -17.2%
2017 -0.34% -3.27%
2016 -1.66% 11.6%
2015 -2.96% 11.4%
2014 0.09% -5.54%
2013 -0.98% -2.88%
2012 0.36% -5.41%
2011 -2.81% -4.4%
2010 -4.19% -3.38%
2009 -7.23% -0.31%
2008 -10.9% 0.7%
2007 -7.82% 1.8%
2006 -7.71% 2.93%
2005 -6.71% 0.95%
2004 -7.06% -0.67%
2003 -6.74% 0.85%
2002 -7.81% -4.07%
2001 -4.74% -6.54%
2000 - -8.66%
1999 - -9.18%
1998 - -5.99%
1997 - -2.24%
1996 - -1.59%
1995 - -2.88%
1994 - -3.35%
1993 - -1.41%
1992 - -2.22%
1991 - -2.99%
1990 - -4.66%

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

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Dominica's deficit of $9.76M, or 1.35% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Dominica ran a deficit in 18 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 2.71% of GDP for Dominica.

Inflation comparison by year

Inflation
Belarus

Dominica
1x
Year Consumer prices inflation
Belarus Dominica
2025 6.6% 2.53%
2024 5.7% 2.74%
2023 5% 5.09%
2022 15.2% 2.88%
2021 9.5% 2.23%
2020 5.5% 1.22%
2019 5.6% 1.5%
2018 4.9% 0.99%
2017 6% 0.3%
2016 11.8% 0.14%
2015 13.5% -0.84%
2014 18.1% 0.8%
2013 18.3% -0.05%
2012 59.2% 1.36%
2011 53.2% 1.13%
2010 7.7% 3%
2009 13% 0.006%
2008 14.8% 6.36%
2007 8.4% 3.63%
2006 7% 2.2%
2005 10.3% 1.68%
2004 18.1% 2.39%
2003 28.4% 1.45%
2002 42.6% 0.17%
2001 61.1% 1.3%
2000 168.6% 0.86%
1999 293.7% 1.18%
1998 73% 1%
1997 63.8% 2.44%

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/dominica | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 1.71% in Dominica. In 2025, inflation was 6.6% in Belarus and 2.53% in Dominica.

Balance of trade

Belarus Dominica
Current account balance
-$1.82B
2025
-$275M
2025
Current account balance ranking
137/190
2025
94/190
2025
Current account balance, % of GDP
-1.94%
2025
-38%
2025
Goods imports
$46B
2025
$275M
2025
Goods exports
$40B
2025
$29.8M
2025
Service imports
$7.55B
2025
$208M
2025
Service exports
$11.7B
2025
$181M
2025
Imports of goods and services, % of GDP
57%
2025
n/a
Exports of goods and services, % of GDP
55.1%
2025
8.5%
2026

Economic freedom indices

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

Belarus Dominica
Economic freedom 49.1 56.1
Economic freedom ranking 166/197 124/197
Property rights 20 65.8
Government integrity 28.3 61.2
Judicial effectiveness 11.5 77.3
Tax burden 93.5 76.1
Government spending 52.6 0
Fiscal health 96.8 45.6
Business freedom 50.3 66.2
Labor freedom 48 49.8
Monetary freedom 69 77.7
Trade freedom 69.2 53.2
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Dominica
1x
Year Economic freedom index
Belarus Dominica
2026 49.1 56.1
2025 48.9 55.3
2024 48.4 54
2023 51 59.7
2022 53 54.4
2021 61 53
2020 61.7 60.8
2019 57.9 63.6
2018 58.1 64.5
2017 58.6 63.7
2016 48.8 67
2015 49.8 66.1
2014 50.1 65.2
2013 48 63.9
2012 49 61.6
2011 47.9 63.3
2010 48.7 63.2
2009 45 62.6
2008 45.3 -
2007 47 -
2006 47.5 -
2005 46.7 -
2004 43.1 -
2003 39.7 -
2002 39 -
2001 38 -
2000 41.3 -
1999 35.4 -
1998 38 -
1997 39.8 -
1996 38.7 -
1995 40.4 -

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 56.1 for Dominica, ranking 124/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Dominica
Services, % of GDP
50%
2025
57.2%
2025
Industry, % of GDP
31.6%
2025
14.1%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
12.1%
2025
GNI, Atlas method
$83.3B
2025
$704M
2025
GNI per capita, PPP
$34,310
2025
$22,130
2025
Total reserves including gold
$14.5B
2025
$165M
2025
Total reserves ranking
72/177
2025
172/177
2025
Net foreign direct investment
-$1.43B
2025
-$49.5M
2025
Net inflows of foreign direct investment
$1.74B
2024
$60M
2024
Net outflows of foreign direct investment
$170M
2024
-$401K
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
9.81%
2024
Poverty at national poverty lines
3.5%
2024
29%
2020
Gross capital formation, % of GDP
27.1%
2025
n/a

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/dominica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, 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. Central Intelligence Agency (CIA) (2020, 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.