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Economy of Belarus vs East Timor compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $1.9B for East Timor, ranking 80/197 and 181/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $273M (14.3% of GDP) in East Timor.

Belarus vs East Timor GDP by year

Belarus
East Timor
1x
Year GDP, current $
Belarus East Timor
2025 $93,397,215,864 $1,902,180,258
2024 $78,591,839,300 $1,865,608,515
2023 $72,478,760,370 $2,079,767,200
2022 $73,775,179,925 $3,208,599,900
2021 $69,673,747,132 $3,625,024,300
2020 $61,371,673,345 $2,162,619,200
2019 $64,410,170,653 $2,032,550,400
2018 $60,031,026,576 $1,555,988,600
2017 $54,725,405,751 $1,584,878,400
2016 $47,723,545,321 $1,640,464,600
2015 $56,454,769,845 $1,590,282,400
2014 $78,813,069,121 $1,447,535,200
2013 $75,527,558,966 $1,395,727,400
2012 $65,685,890,439 $1,160,555,000
2011 $61,762,382,328 $1,042,534,600
2010 $57,231,904,543 $881,909,300
2009 $50,873,167,326 $726,937,800
2008 $60,752,106,347 $648,523,600
2007 $45,275,711,996 $542,795,400
2006 $36,961,894,281 $453,792,400
2005 $30,210,091,837 $462,268,000
2004 $23,141,566,293 $440,772,000
2003 $17,825,444,724 $490,439,100
2002 $14,594,900,945 $469,455,500
2001 $12,354,820,144 $477,359,300
2000 $12,736,856,828 $366,924,300
1999 $12,138,486,532 $225,357,600
1998 $15,222,012,660 $325,729,800
1997 $14,128,408,566 $319,972,700
1996 $14,500,437,520 $306,956,900
1995 $13,972,683,274 $262,819,900
1994 $14,931,435,232 $239,040,500
1993 $16,275,073,527 $216,914,400
1992 $16,939,790,094 $187,891,500
1991 $18,404,907,975 $147,713,000
1990 $17,389,558,233 $128,210,142

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/east-timor | CC BY

GDP per capita in Belarus vs East Timor by year

Belarus
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $1,341 -
2024 $8,606 $33,010 $1,332 $4,423
2023 $7,897 $30,834 $1,502 $4,807
2022 $7,995 $28,429 $2,343 $5,730
2021 $7,490 $27,611 $2,685 $6,825
2020 $6,543 $24,872 $1,631 $6,132
2019 $6,838 $22,302 $1,562 $4,557
2018 $6,360 $20,026 $1,219 $3,561
2017 $5,786 $18,414 $1,266 $3,463
2016 $5,040 $17,832 $1,336 $3,391
2015 $5,967 $18,134 $1,320 $3,108
2014 $8,341 $19,038 $1,225 $2,860
2013 $7,998 $19,014 $1,205 $2,566
2012 $6,953 $18,115 $1,023 $2,386
2011 $6,528 $16,563 $939 $2,066
2010 $6,035 $15,339 $813 $1,955
2009 $5,352 $14,034 $687 $1,810
2008 $6,376 $13,886 $628 $1,675
2007 $4,735 $12,320 $540 $1,516
2006 $3,848 $10,995 $465 $1,377
2005 $3,126 $9,637 $487 $1,435
2004 $2,378 $8,483 $474 $1,379
2003 $1,820 $7,362 $535 $1,355
2002 $1,479 $6,697 $534 $1,417
2001 $1,244 $6,238 $588 $1,619
2000 $1,276 $5,796 $492 $1,483
1999 $1,211 $5,331 $270 $819
1998 $1,511 $5,061 $346 $1,108
1997 $1,396 $4,596 $349 $1,149
1996 $1,427 $4,039 $344 $1,116
1995 $1,371 $3,846 $303 $1,043
1994 $1,460 $4,190 $283.1 $985
1993 $1,590 $4,641 $264.1 $925
1992 $1,658 $4,917 $235.1 $843
1991 $1,805 $5,330 $189.8 $766
1990 $1,707 $5,220 $168.6 $685

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/east-timor | CC BY

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $1,341 in East Timor, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while East Timor ranks 163rd at $4,423.

Economic indicators

Belarus East Timor
Gross domestic product
$93.4B
2025
$1.9B
2025
GDP rank
80/197
2025
181/197
2025
GDP growth
1.3%
2024-2025
6.98%
2024-2025
GDP per capita
$10,279
2025
$1,341
2025
GDP per capita rank
88/197
2025
168/197
2025
GDP per capita, PPP
$33,010
2024
$4,423
2024
GDP per capita PPP rank
68/197
2024
163/197
2024
Government debt
$30.9B
2025
$273M
2025
Debt-to-GDP ratio
33.1%
2025
14.3%
2025
Government debt per person
$3,399
2025
$192.3
2025
Government debt per person rank
98/185
2025
182/185
2025
Average annual personal income after taxes
$8,062
2026
$1,644
2026
Market capitalization of domestic companies
$5.54B
2025
n/a
Income share by richest 10%
20.7%
2020
24%
2014
Income share by poorest 10%
4.5%
2020
4%
2014
Government expenditure, % of GDP
41.3%
2025
93.9%
2025
Consumer prices inflation
6.6%
2024-2025
0.5%
2024-2025
Central bank interest rate
9.25%
2026
n/a
Unemployment rate
3.04%
2024
1.54%
2022
Population
9025821
1446322

Spending and national debt comparison by year

Belarus
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Belarus East Timor
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 93.9% 14.3%
2024 40.8% 38.7% 98% 14.4%
2023 40.3% 40.7% 78.6% 12.4%
2022 38% 40.8% 59.9% 7.9%
2021 36.7% 41.2% 45.7% 6.53%
2020 38% 47.5% 61.7% 10.1%
2019 37.4% 41% 68.8% 9.51%
2018 37.8% 47.5% 85.5% 9.31%
2017 39% 53.2% 87.3% 6.71%
2016 40.7% 53.5% 112.2% 4.71%
2015 41.8% 53% 98.1% 2.95%
2014 38.8% 38.8% 111% 1.52%
2013 40.8% 36.9% 96.1% 0.46%
2012 38.9% 36.9% 129.3% 0.002%
2011 40.3% 58.2% 133.3% 0%
2010 44.3% 36.8% 121.3% 0%
2009 51.7% 32.5% 121.8% 0%
2008 60% 20.3% 122.4% 0%
2007 49.2% 15.8% 75.8% 0%
2006 47.2% 12.3% 59.8% 0%
2005 45% 8.12% 58.3% 0%
2004 44% 9.22% 74.2% 0%
2003 43.5% - 80.1% 0%
2002 43.8% - 93.5% 0%
2001 42.4% - 95.7% 0%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2001–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/east-timor | CC BY

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while East Timor spent $1.79B, or 93.9% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 14.3% in East Timor, ranking 148/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

East Timor
1x
Year Deficit/surplus, % of GDP
Belarus East Timor
2025 0.15% -48%
2024 0.54% -47%
2023 0.76% -34.7%
2022 -1.98% -29.5%
2021 -0.22% -20.1%
2020 -2.87% -18.9%
2019 0.91% -25.4%
2018 1.8% -26.9%
2017 -0.34% -33.8%
2016 -1.66% -55.7%
2015 -2.96% -33.2%
2014 0.09% -37.5%
2013 -0.98% -14.4%
2012 0.36% -38.7%
2011 -2.81% -25.4%
2010 -4.19% -19.8%
2009 -7.23% -17.2%
2008 -10.9% -18.6%
2007 -7.82% -29.9%
2006 -7.71% 41%
2005 -6.71% -10.5%
2004 -7.06% -7.48%
2003 -6.74% -8.24%
2002 -7.81% -7.64%
2001 -4.74% 3.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2001–2025, retrieved 2026-07-08).

GeoRank.org/economy/belarus/east-timor | CC BY

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to East Timor's deficit of $914M, or 48% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while East Timor ran a deficit in 23 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 22.6% of GDP for East Timor.

Inflation comparison by year

Inflation
Belarus

East Timor
1x
Year Consumer prices inflation
Belarus East Timor
2025 6.6% 0.5%
2024 5.7% 2.1%
2023 5% 8.4%
2022 15.2% 7%
2021 9.5% 3.8%
2020 5.5% 0.5%
2019 5.6% 0.9%
2018 4.9% 2.3%
2017 6% 0.5%
2016 11.8% -1.5%
2015 13.5% 0.6%
2014 18.1% 0.8%
2013 18.3% 9.5%
2012 59.2% 10.9%
2011 53.2% 13.2%
2010 7.7% 5.2%
2009 13% -0.2%
2008 14.8% 7.4%
2007 8.4% 8.6%
2006 7% 5.2%
2005 10.3% 1.6%
2004 18.1% 2.2%
2003 28.4% 8%
2002 42.6% 4.1%
2001 61.1% 3.6%
2000 168.6% -
1999 293.7% -
1998 73% -
1997 63.8% -

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

GeoRank.org/economy/belarus/east-timor | CC BY

Over the past 25 years, Belarus has recorded an average annual inflation rate of 18%, compared with 4.21% in East Timor. In 2025, inflation was 6.6% in Belarus and 0.5% in East Timor.

Balance of trade

Belarus East Timor
Current account balance
-$1.82B
2025
-$701M
2025
Current account balance ranking
137/190
2025
109/190
2025
Current account balance, % of GDP
-1.94%
2025
-36.9%
2025
Goods imports
$46B
2025
$842M
2025
Goods exports
$40B
2025
$126M
2025
Service imports
$7.55B
2025
$475M
2025
Service exports
$11.7B
2025
$147M
2025
Imports of goods and services, % of GDP
57%
2025
84.9%
2024
Exports of goods and services, % of GDP
55.1%
2025
10.6%
2024

Economic freedom indices

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

Belarus East Timor
Economic freedom 49.1 47.9
Economic freedom ranking 166/197 173/197
Property rights 20 43.5
Government integrity 28.3 43.9
Judicial effectiveness 11.5 34.5
Tax burden 93.5 97.1
Government spending 52.6 0
Fiscal health 96.8 19.6
Business freedom 50.3 62.7
Labor freedom 48 56.5
Monetary freedom 69 72.2
Trade freedom 69.2 79.8
Investment freedom 30 45
Financial freedom 20 20

Economic freedom comparison by year

Belarus
East Timor
1x
Year Economic freedom index
Belarus East Timor
2026 49.1 47.9
2025 48.9 47.9
2024 48.4 50.2
2023 51 47.2
2022 53 46.3
2021 61 44.7
2020 61.7 45.9
2019 57.9 44.2
2018 58.1 48.1
2017 58.6 46.3
2016 48.8 45.8
2015 49.8 45.5
2014 50.1 43.2
2013 48 43.7
2012 49 43.3
2011 47.9 42.8
2010 48.7 45.8
2009 45 50.5
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/east-timor | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus East Timor
Services, % of GDP
50%
2025
71.6%
2024
Industry, % of GDP
31.6%
2025
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
20.2%
2024
GNI, Atlas method
$83.3B
2025
$2.14B
2025
GNI per capita, PPP
$34,310
2025
$5,120
2025
Total reserves including gold
$14.5B
2025
$851M
2025
Total reserves ranking
72/177
2025
145/177
2025
Net foreign direct investment
-$1.43B
2025
-$253M
2025
Net inflows of foreign direct investment
$1.74B
2024
$225M
2024
Net outflows of foreign direct investment
$170M
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
1.23%
2024
Poverty at national poverty lines
3.5%
2024
41.8%
2014
Gross capital formation, % of GDP
27.1%
2025
30.1%
2024

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/east-timor | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2001–2025, 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)

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.