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Economy of Belarus vs Dominican Republic compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $124B for the Dominican Republic, ranking 83/197 and 63/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $73.1B (58.8% of GDP) in the Dominican Republic.

Belarus vs Dominican Republic GDP by year

Belarus
Dominican Republic
1x
Year GDP, current $
Belarus Dominican Republic
2024 $75,961,865,472 $124,282,245,639
2023 $72,478,760,370 $120,456,239,154
2022 $73,775,179,925 $113,478,087,135
2021 $69,673,747,132 $94,850,719,517
2020 $61,371,673,345 $78,546,672,407
2019 $64,410,170,653 $89,146,130,745
2018 $60,031,026,576 $84,994,732,049
2017 $54,725,405,751 $79,070,274,743
2016 $47,723,545,321 $75,552,902,636
2015 $56,454,769,845 $70,966,782,572
2014 $78,813,069,121 $67,014,329,100
2013 $75,527,558,966 $62,555,417,415
2012 $65,685,890,439 $60,561,635,556
2011 $61,762,382,328 $57,948,261,616
2010 $57,231,904,543 $53,801,053,353
2009 $50,873,167,326 $48,223,781,477
2008 $60,752,106,347 $48,091,433,554
2007 $45,275,711,996 $43,965,458,509
2006 $36,961,894,281 $37,879,830,084
2005 $30,210,091,837 $35,777,560,684
2004 $23,141,566,293 $22,322,387,382
2003 $17,825,444,724 $21,403,167,848
2002 $14,594,900,945 $27,137,440,786
2001 $12,354,820,144 $25,601,823,688
2000 $12,736,856,828 $24,305,780,629
1999 $12,138,486,532 $22,136,579,397
1998 $15,222,012,660 $21,672,215,547
1997 $14,128,408,566 $20,017,450,041
1996 $14,500,437,520 $18,241,622,548
1995 $13,972,683,274 $16,637,370,839
1994 $14,931,435,232 $14,644,734,599
1993 $16,275,073,527 $13,081,042,400
1992 $16,939,790,094 $11,605,382,504
1991 $18,404,907,975 $9,824,483,340
1990 $17,389,558,233 $7,073,675,545
1989 - $6,686,593,060
1988 - $5,374,299,981
1987 - $5,827,050,753
1986 - $6,122,128,558
1985 - $5,044,579,979
1984 - $11,594,000,000
1983 - $9,220,600,000
1982 - $8,267,400,000
1981 - $7,561,300,000
1980 - $6,761,300,000
1979 - $5,498,800,000
1978 - $4,734,400,000
1977 - $4,587,100,000
1976 - $3,951,500,000
1975 - $3,599,200,000
1974 - $2,925,700,000
1973 - $2,344,800,000
1972 - $1,987,400,000
1971 - $1,666,500,000
1970 - $1,485,500,000
1969 - $1,230,500,000
1968 - $1,079,100,000
1967 - $1,034,800,000
1966 - $983,900,000
1965 - $888,100,000
1964 - $1,025,599,900
1963 - $940,799,900
1962 - $824,100,000
1961 - $654,100,200
1960 - $672,399,700

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/dominican-republic | CC BY

GDP per capita in Belarus vs Dominican Republic by year

Belarus
GDP per capita

GDP per capita, PPP
Dominican Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Dominican Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $10,876 $27,542
2023 $7,897 $30,834 $10,630 $25,840
2022 $7,995 $28,429 $10,104 $24,626
2021 $7,490 $27,611 $8,527 $22,053
2020 $6,543 $24,872 $7,135 $18,998
2019 $6,838 $22,302 $8,183 $19,767
2018 $6,360 $20,026 $7,883 $17,995
2017 $5,786 $18,414 $7,413 $16,846
2016 $5,040 $17,832 $7,160 $16,282
2015 $5,967 $18,134 $6,801 $14,804
2014 $8,341 $19,038 $6,496 $13,465
2013 $7,998 $19,014 $6,137 $12,414
2012 $6,953 $18,115 $6,014 $11,777
2011 $6,528 $16,563 $5,827 $11,695
2010 $6,035 $15,339 $5,479 $11,246
2009 $5,352 $14,034 $4,974 $10,382
2008 $6,376 $13,886 $5,024 $10,346
2007 $4,735 $12,320 $4,650 $9,951
2006 $3,848 $10,995 $4,055 $9,130
2005 $3,126 $9,637 $3,878 $8,215
2004 $2,378 $8,483 $2,452 $7,375
2003 $1,820 $7,362 $2,383 $7,098
2002 $1,479 $6,697 $3,066 $7,158
2001 $1,244 $6,238 $2,936 $6,848
2000 $1,276 $5,796 $2,831 $6,639
1999 $1,211 $5,331 $2,621 $6,305
1998 $1,511 $5,061 $2,608 $5,963
1997 $1,396 $4,596 $2,449 $5,618
1996 $1,427 $4,039 $2,271 $5,161
1995 $1,371 $3,846 $2,109 $4,871
1994 $1,460 $4,190 $1,892 $4,599
1993 $1,590 $4,641 $1,722 $4,474
1992 $1,658 $4,917 $1,558 $4,151
1991 $1,805 $5,330 $1,346 $3,722
1990 $1,707 $5,220 $989 $3,641
1989 - - $955 -
1988 - - $784 -
1987 - - $868 -
1986 - - $932 -
1985 - - $784 -
1984 - - $1,844 -
1983 - - $1,500 -
1982 - - $1,376 -
1981 - - $1,288 -
1980 - - $1,180 -
1979 - - $984 -
1978 - - $868 -
1977 - - $863 -
1976 - - $763 -
1975 - - $713 -
1974 - - $595 -
1973 - - $490 -
1972 - - $427 -
1971 - - $368 -
1970 - - $338 -
1969 - - $287.7 -
1968 - - $259.6 -
1967 - - $256.2 -
1966 - - $250.9 -
1965 - - $233.2 -
1964 - - $277.3 -
1963 - - $262.2 -
1962 - - $236.8 -
1961 - - $193.9 -
1960 - - $205.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/dominican-republic | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $10,876 in the Dominican Republic, ranking 83/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while the Dominican Republic ranks 76th at $27,542.

Economic indicators

Belarus Dominican Republic
Gross domestic product
$76B
2024
$124B
2024
GDP rank
83/197
2024
63/197
2024
GDP growth
4.01%
2023-2024
4.95%
2023-2024
GDP per capita
$8,318
2024
$10,876
2024
GDP per capita rank
92/197
2024
83/197
2024
GDP per capita, PPP
$33,010
2024
$27,542
2024
GDP per capita PPP rank
68/197
2024
76/197
2024
Government debt
$30.3B
2024
$73.1B
2024
Debt-to-GDP ratio
39.9%
2024
58.8%
2024
Government debt per person
$3,318
2024
$6,394
2024
Government debt per person rank
97/185
2024
71/185
2024
Average annual personal income after taxes
$7,345
2026
$6,547
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
29.5%
2024
Income share by poorest 10%
4.5%
2020
2.3%
2024
Government expenditure, % of GDP
40.9%
2024
19.5%
2024
Consumer prices inflation
5.7%
2023-2024
3.3%
2023-2024
Central bank interest rate
9.75%
2025
5.5%
2025
Unemployment rate
3.04%
2024
5.31%
2024
Population
9013835
11637906

Spending and national debt comparison by year

Belarus
Spending

Debt
Dominican Republic
Spending

Debt
1x
Year % of GDP
Belarus Dominican Republic
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 19.5% 58.8%
2023 40.3% 40.7% 19.1% 60.5%
2022 38% 40.8% 18.5% 59.6%
2021 36.7% 41.2% 18.4% 62.8%
2020 38% 47.5% 22.2% 71.8%
2019 37.4% 41% 17.8% 53.5%
2018 37.8% 47.5% 16.5% 50.8%
2017 39% 53.2% 17.3% 49.5%
2016 40.7% 53.5% 17% 46.7%
2015 41.8% 53% 16.7% 44.8%
2014 38.8% 38.8% 17% 45%
2013 40.8% 36.9% 18.5% 46.8%
2012 38.9% 36.9% 19.8% 42.4%
2011 40.3% 58.2% 16% 39.1%
2010 44.3% 36.8% 16.1% 37.4%
2009 51.7% 32.5% 16.2% 36.8%
2008 60% 20.3% 18.5% 33.6%
2007 49.2% 15.8% 16.3% 32.9%
2006 47.2% 12.3% 17% 36%
2005 45% 8.12% 15.5% 38.3%
2004 44% 9.22% 17.3% 34.3%
2003 43.5% - 17.2% 48.2%
2002 43.8% - 16.5% 21.5%
2001 42.4% - 14.9% 20.4%
2000 - - 14.1% 16.7%
1999 - - 13.4% 16%
1998 - - 12.6% 13.2%
1997 - - 13.2% 13.8%
1996 - - 11.4% 23%
1995 - - 11% 25.7%
1994 - - 12.1% 28.5%
1993 - - 13% 36.1%
1992 - - 10.4% 38.5%
1991 - - 8.65% 47.3%
1990 - - 9.1% 84.7%
1989 - - 11.3% 62.5%
1988 - - 12.8% 77%
1987 - - 11.2% 86.9%
1986 - - 10.4% 63.8%
1985 - - 9.8% 66.3%
1984 - - 9.32% 28.9%
1983 - - 10.2% 32.9%
1982 - - 10.2% 33.1%
1981 - - 12.1% 29.8%
1980 - - 12.8% 15.2%
1979 - - 13.8% 24%
1978 - - 12.3% 20.9%
1977 - - 11.4% 16.4%
1976 - - 12.5% 15.6%
1975 - - 13.7% 13.1%
1974 - - 14.6% 14.6%
1973 - - 13.7% 14.6%
1972 - - 14.1% 16.4%
1971 - - 13.8% 17.8%
1970 - - 13.3% 18%
1969 - - 15.5% 17.4%
1968 - - 15.5% 18.1%
1967 - - 15% 16.2%
1966 - - 15.2% 14.5%
1965 - - 12.8% -
1964 - - 16.7% -
1963 - - 15.1% -
1962 - - 15.7% -
1961 - - 20% -
1960 - - 20.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/belarus/dominican-republic | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while the Dominican Republic spent $24.2B, or 19.5% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 58.8% in the Dominican Republic, ranking 133/185 and 83/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Dominican Republic
1x
Year Deficit/surplus, % of GDP
Belarus Dominican Republic
2024 1.05% -3.09%
2023 0.76% -3.28%
2022 -1.98% -3.25%
2021 -0.22% -2.92%
2020 -2.87% -7.94%
2019 0.91% -3.46%
2018 1.8% -2.17%
2017 -0.34% -3.12%
2016 -1.66% -3.11%
2015 -2.96% -0.03%
2014 0.09% -2.76%
2013 -0.98% -4.41%
2012 0.36% -6.26%
2011 -2.81% -3.07%
2010 -4.19% -2.97%
2009 -7.23% -2.9%
2008 -10.9% -3.43%
2007 -7.82% 0.28%
2006 -7.71% -1.69%
2005 -6.71% -0.71%
2004 -7.06% -3.6%
2003 -6.74% -4.24%
2002 -7.81% -2.28%
2001 -4.74% -0.73%
2000 - -0.86%
1999 - -0.79%
1998 - -0.29%
1997 - -0.64%
1996 - 0.14%
1995 - 0.82%
1994 - -0.39%
1993 - -0.16%
1992 - 2.35%
1991 - 0.11%
1990 - 0.39%
1989 - -0.09%
1988 - -1.68%
1987 - -0.75%
1986 - -0.57%
1985 - -1.27%
1984 - -0.95%
1983 - -1.74%
1982 - -2.4%
1981 - -1.92%
1980 - -1.82%
1979 - -3.26%
1978 - -0.82%
1977 - 0.15%
1976 - -0.22%
1975 - 1.37%
1974 - -0.93%
1973 - -0.53%
1972 - -1.73%
1971 - -0.85%
1970 - -0.68%
1969 - -0.99%
1968 - -0.99%
1967 - -1.68%
1966 - -2.14%
1965 - -1.84%
1964 - -1.36%
1963 - -0.39%
1962 - -1.17%
1961 - -3%
1960 - -0.61%
1959 - -0.29%
1958 - -1.29%
1957 - 0.21%
1956 - -0.05%
1955 - 1.47%
1954 - 1.43%
1953 - 2.79%
1952 - 0%
1951 - -2.58%
1950 - -3.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20).

GeoRank.org/economy/belarus/dominican-republic | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to the Dominican Republic's deficit of $3.84B, or 3.09% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while the Dominican Republic ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 2.96% of GDP for the Dominican Republic.

Inflation comparison by year

Inflation
Belarus

Dominican Republic
1x
Year Consumer prices inflation
Belarus Dominican Republic
2024 5.7% 3.3%
2023 5% 4.79%
2022 15.2% 8.81%
2021 9.5% 8.24%
2020 5.5% 3.78%
2019 5.6% 1.81%
2018 4.9% 3.56%
2017 6% 3.28%
2016 11.8% 1.61%
2015 13.5% 0.84%
2014 18.1% 3%
2013 18.3% 4.83%
2012 59.2% 3.69%
2011 53.2% 5.8%
2010 7.7% 6.33%
2009 13% 1.44%
2008 14.8% 10.6%
2007 8.4% 6.14%
2006 7% 7.57%
2005 10.3% 4.19%
2004 18.1% 51.5%
2003 28.4% 27.4%
2002 42.6% 5.22%
2001 61.1% 8.88%
2000 168.6% 7.72%
1999 293.7% 6.47%
1998 73% 4.83%
1997 63.8% 8.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/dominican-republic | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 7.64% in the Dominican Republic. In 2024, inflation was 5.7% in Belarus and 3.3% in the Dominican Republic.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $2.71M
Transport & tourism services $1.42M
Wood & paper products $302K
Machinery & equipment $104K
Business & finance services $90K
IT & IP services $4K
Metals $1K
Dominican Republic
Export category Export value
Processed food, beverages & tobacco $39K

Balance of trade

Belarus Dominican Republic
Current account balance
-$1.94B
2024
-$4.17B
2024
Current account balance ranking
142/190
2024
163/190
2024
Current account balance, % of GDP
-2.56%
2024
-3.35%
2024
Goods imports
$44.2B
2024
$29.8B
2024
Goods exports
$39.5B
2024
$13.9B
2024
Service imports
$6.82B
2024
$6.34B
2024
Service exports
$10.1B
2024
$14.7B
2024
Imports of goods and services, % of GDP
66.9%
2024
29%
2024
Exports of goods and services, % of GDP
65.1%
2024
22.8%
2024

Economic freedom indices

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

Belarus Dominican Republic
Economic freedom 49.1 63.8
Economic freedom ranking 166/197 77/197
Property rights 20 53.9
Government integrity 28.3 39.8
Judicial effectiveness 11.5 58
Tax burden 93.5 84.4
Government spending 52.6 89.1
Fiscal health 96.8 76.6
Business freedom 50.3 71.4
Labor freedom 48 53.2
Monetary freedom 69 72.1
Trade freedom 69.2 67.4
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Dominican Republic
1x
Year Economic freedom index
Belarus Dominican Republic
2026 49.1 63.8
2025 48.9 64.3
2024 48.4 62.9
2023 51 62.6
2022 53 63
2021 61 62.1
2020 61.7 60.9
2019 57.9 61
2018 58.1 61.6
2017 58.6 62.9
2016 48.8 61
2015 49.8 61
2014 50.1 61.3
2013 48 59.7
2012 49 60.2
2011 47.9 60
2010 48.7 60.3
2009 45 59.2
2008 45.3 57.7
2007 47 56.8
2006 47.5 56.3
2005 46.7 55.1
2004 43.1 54.6
2003 39.7 57.8
2002 39 58.6
2001 38 59.1
2000 41.3 59
1999 35.4 58.1
1998 38 58.1
1997 39.8 53.5
1996 38.7 58.1
1995 40.4 55.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/dominican-republic | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 63.8 for the Dominican Republic, ranking 77/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Dominican Republic
Services, % of GDP
49.7%
2024
59.8%
2024
Industry, % of GDP
30.7%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
4.45%
2024
GNI, Atlas method
$75.4B
2024
$117B
2024
GNI per capita, PPP
$32,300
2024
$26,050
2024
Total reserves including gold
$8.91B
2024
$13.5B
2024
Total reserves ranking
82/177
2024
71/177
2024
Net foreign direct investment
-$1.57B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$1.74B
2024
$4.48B
2024
Net outflows of foreign direct investment
$170M
2024
-$47.3M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
5.62%
2024
Poverty at national poverty lines
3.9%
2022
19%
2024
Gross capital formation, % of GDP
25.8%
2024
27%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/dominican-republic | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.