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Economy of Belarus vs El Salvador compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $35.4B for El Salvador, ranking 83/197 and 105/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $30.9B (87.5% of GDP) in El Salvador.

Belarus vs El Salvador GDP by year

Belarus
El Salvador
1x
Year GDP, current $
Belarus El Salvador
2024 $75,961,865,472 $35,364,960,000
2023 $72,478,760,370 $33,853,940,000
2022 $73,775,179,925 $31,870,120,000
2021 $69,673,747,132 $29,043,140,000
2020 $61,371,673,345 $24,921,190,000
2019 $64,410,170,653 $26,881,140,000
2018 $60,031,026,576 $26,020,850,000
2017 $54,725,405,751 $24,979,190,000
2016 $47,723,545,321 $24,191,430,000
2015 $56,454,769,845 $23,438,240,000
2014 $78,813,069,121 $22,593,470,000
2013 $75,527,558,966 $21,990,960,000
2012 $65,685,890,439 $21,386,150,000
2011 $61,762,382,328 $20,283,780,000
2010 $57,231,904,543 $18,447,920,000
2009 $50,873,167,326 $17,601,620,000
2008 $60,752,106,347 $17,986,890,000
2007 $45,275,711,996 $17,011,750,000
2006 $36,961,894,281 $15,999,890,000
2005 $30,210,091,837 $14,698,000,000
2004 $23,141,566,293 $13,724,810,900
2003 $17,825,444,724 $13,243,892,200
2002 $14,594,900,945 $12,664,190,300
2001 $12,354,820,144 $12,282,533,600
2000 $12,736,856,828 $11,784,927,700
1999 $12,138,486,532 $11,284,197,000
1998 $15,222,012,660 $10,936,669,900
1997 $14,128,408,566 $10,221,705,900
1996 $14,500,437,520 $9,586,327,800
1995 $13,972,683,274 $8,921,947,100
1994 $14,931,435,232 $7,679,384,000
1993 $16,275,073,527 $6,680,269,200
1992 $16,939,790,094 $5,813,399,300
1991 $18,404,907,975 $5,252,342,400
1990 $17,389,558,233 $4,817,542,204
1989 - $4,372,215,300
1988 - $4,189,880,000
1987 - $3,958,045,800
1986 - $3,771,663,200
1985 - $3,800,368,600
1984 - $3,661,683,400
1983 - $3,506,347,800
1982 - $3,399,189,100
1981 - $3,437,200,200
1980 - $3,573,959,900
1979 - $3,463,639,900
1978 - $3,127,960,000
1977 - $2,941,640,100
1976 - $2,328,280,100
1975 - $1,884,120,100
1974 - $1,665,880,000
1973 - $1,442,320,000
1972 - $1,263,720,000
1971 - $1,186,120,000
1970 - $1,132,920,000
1969 - $1,049,400,000
1968 - $1,009,760,100
1967 - $976,200,000
1966 - $929,520,000
1965 - $877,720,000

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/el-salvador | CC BY

GDP per capita in Belarus vs El Salvador by year

Belarus
GDP per capita

GDP per capita, PPP
El Salvador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus El Salvador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $5,580 $13,264
2023 $7,897 $30,834 $5,365 $12,680
2022 $7,995 $28,429 $5,075 $11,876
2021 $7,490 $27,611 $4,643 $10,810
2020 $6,543 $24,872 $3,997 $9,393
2019 $6,838 $22,302 $4,320 $9,757
2018 $6,360 $20,026 $4,184 $9,204
2017 $5,786 $18,414 $4,020 $8,965
2016 $5,040 $17,832 $3,901 $8,456
2015 $5,967 $18,134 $3,790 $7,934
2014 $8,341 $19,038 $3,666 $7,504
2013 $7,998 $19,014 $3,582 $7,093
2012 $6,953 $18,115 $3,498 $6,708
2011 $6,528 $16,563 $3,331 $6,594
2010 $6,035 $15,339 $3,040 $6,248
2009 $5,352 $14,034 $2,910 $6,063
2008 $6,376 $13,886 $2,983 $6,175
2007 $4,735 $12,320 $2,831 $5,949
2006 $3,848 $10,995 $2,666 $5,695
2005 $3,126 $9,637 $2,447 $5,292
2004 $2,378 $8,483 $2,286 $4,998
2003 $1,820 $7,362 $2,208 $4,829
2002 $1,479 $6,697 $2,115 $4,672
2001 $1,244 $6,238 $2,058 $4,543
2000 $1,276 $5,796 $1,983 $4,422
1999 $1,211 $5,331 $1,908 $4,298
1998 $1,511 $5,061 $1,860 $4,171
1997 $1,396 $4,596 $1,749 $4,043
1996 $1,427 $4,039 $1,651 $3,880
1995 $1,371 $3,846 $1,548 $3,808
1994 $1,460 $4,190 $1,344 $3,591
1993 $1,590 $4,641 $1,180 $3,390
1992 $1,658 $4,917 $1,041 $3,171
1991 $1,805 $5,330 $956 $2,945
1990 $1,707 $5,220 $892 $2,856
1989 - - $825 -
1988 - - $806 -
1987 - - $777 -
1986 - - $755 -
1985 - - $776 -
1984 - - $763 -
1983 - - $745 -
1982 - - $735 -
1981 - - $752 -
1980 - - $787 -
1979 - - $773 -
1978 - - $712 -
1977 - - $684 -
1976 - - $553 -
1975 - - $457 -
1974 - - $413 -
1973 - - $366 -
1972 - - $329 -
1971 - - $316 -
1970 - - $309 -
1969 - - $293.4 -
1968 - - $290.1 -
1967 - - $288.4 -
1966 - - $282.4 -
1965 - - $274.3 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/el-salvador | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $5,580 in El Salvador, ranking 116/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while El Salvador ranks 120th at $13,264.

Economic indicators

Belarus El Salvador
Gross domestic product
$76B
2024
$35.4B
2024
GDP rank
83/197
2024
105/197
2024
GDP growth
4.01%
2023-2024
2.6%
2023-2024
GDP per capita
$8,318
2024
$5,580
2024
GDP per capita rank
92/197
2024
116/197
2024
GDP per capita, PPP
$33,010
2024
$13,264
2024
GDP per capita PPP rank
68/197
2024
120/197
2024
Government debt
$30.3B
2024
$30.9B
2024
Debt-to-GDP ratio
39.9%
2024
87.5%
2024
Government debt per person
$3,318
2024
$4,883
2024
Government debt per person rank
97/185
2024
81/185
2024
Average annual personal income after taxes
$7,345
2026
$4,768
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
29.7%
2023
Income share by poorest 10%
4.5%
2020
1.9%
2023
Government expenditure, % of GDP
40.9%
2024
31.4%
2024
Consumer prices inflation
5.7%
2023-2024
0.85%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
2.71%
2024
Population
9013835
6399793

Spending and national debt comparison by year

Belarus
Spending

Debt
El Salvador
Spending

Debt
1x
Year % of GDP
Belarus El Salvador
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 31.4% 87.5%
2023 40.3% 40.7% 30.5% 85.1%
2022 38% 40.8% 28.7% 83.7%
2021 36.7% 41.2% 31.1% 88%
2020 38% 47.5% 32.7% 95.4%
2019 37.4% 41% 27.8% 77.9%
2018 37.8% 47.5% 27.6% 77%
2017 39% 53.2% 28.1% 77.1%
2016 40.7% 53.5% 27.5% 75.2%
2015 41.8% 53% 27.1% 73.5%
2014 38.8% 38.8% 27.6% 71.8%
2013 40.8% 36.9% 28.5% 69.7%
2012 38.9% 36.9% 27.4% 70%
2011 40.3% 58.2% 25.3% 65.6%
2010 44.3% 36.8% 25.6% 66.8%
2009 51.7% 32.5% 26% 65.8%
2008 60% 20.3% 24.5% 54.2%
2007 49.2% 15.8% 22.8% 52.2%
2006 47.2% 12.3% 23.4% 52.6%
2005 45% 8.12% 22.4% 46.3%
2004 44% 9.22% 21.5% 46.8%
2003 43.5% - 22.6% 46%
2002 43.8% - 22.5% 43.8%
2001 42.4% - 21.7% 37.8%
2000 - - 21% 29.6%
1999 - - 19.7% 28%
1998 - - 19.3% 25.7%
1997 - - 18.6% 27.8%
1996 - - 21% 28.5%
1995 - - 18.6% 28%
1994 - - 18.9% 30.5%
1993 - - 18.5% 31.9%
1992 - - 20.8% 36.4%
1991 - - 18.5% 43.3%
1990 - - 15.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/el-salvador | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while El Salvador spent $11.1B, or 31.4% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 87.5% in El Salvador, ranking 133/185 and 36/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

El Salvador
1x
Year Deficit/surplus, % of GDP
Belarus El Salvador
2024 1.05% -4.55%
2023 0.76% -4.69%
2022 -1.98% -2.68%
2021 -0.22% -5.53%
2020 -2.87% -8.18%
2019 0.91% -3.07%
2018 1.8% -2.71%
2017 -0.34% -2.53%
2016 -1.66% -3.1%
2015 -2.96% -3.63%
2014 0.09% -4.02%
2013 -0.98% -4.46%
2012 0.36% -3.81%
2011 -2.81% -4.47%
2010 -4.19% -4.97%
2009 -7.23% -6.65%
2008 -10.9% -3.8%
2007 -7.82% -2.32%
2006 -7.71% -3.42%
2005 -6.71% -3.47%
2004 -7.06% -2.76%
2003 -6.74% -4.23%
2002 -7.81% -5.5%
2001 -4.74% -4.95%
2000 - -3.45%
1999 - -3.08%
1998 - -2.94%
1997 - -1.97%
1996 - -2.7%
1995 - -0.18%
1994 - -0.94%
1993 - -1.42%
1992 - -4.29%
1991 - -2.3%
1990 - -0.61%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/el-salvador | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to El Salvador's deficit of $1.61B, or 4.55% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while El Salvador ran a deficit in 24 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 4.15% of GDP for El Salvador.

Inflation comparison by year

Inflation
Belarus

El Salvador
1x
Year Consumer prices inflation
Belarus El Salvador
2024 5.7% 0.85%
2023 5% 4.05%
2022 15.2% 7.2%
2021 9.5% 3.47%
2020 5.5% -0.37%
2019 5.6% 0.08%
2018 4.9% 1.09%
2017 6% 1.01%
2016 11.8% 0.6%
2015 13.5% -0.73%
2014 18.1% 1.14%
2013 18.3% 0.76%
2012 59.2% 1.73%
2011 53.2% 5.13%
2010 7.7% 1.18%
2009 13% 1.06%
2008 14.8% 6.71%
2007 8.4% 4.58%
2006 7% 4.04%
2005 10.3% 4.69%
2004 18.1% 4.45%
2003 28.4% 2.12%
2002 42.6% 1.87%
2001 61.1% 3.75%
2000 168.6% 2.27%
1999 293.7% 0.51%
1998 73% 2.55%
1997 63.8% 4.49%

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/el-salvador | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 2.51% in El Salvador. In 2024, inflation was 5.7% in Belarus and 0.85% in El Salvador.

Top exports between countries

Belarus
Export category Export value
Wood & paper products $87K
Transport & tourism services $39K
Business & finance services $29K
IT & IP services $3K
Machinery & equipment $1K
El Salvador
Export category Export value
Chemicals & pharma $5K

Balance of trade

Belarus El Salvador
Current account balance
-$1.94B
2024
-$633M
2024
Current account balance ranking
142/190
2024
110/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.79%
2024
Goods imports
$44.2B
2024
$15.1B
2024
Goods exports
$39.5B
2024
$5.59B
2024
Service imports
$6.82B
2024
$3.26B
2024
Service exports
$10.1B
2024
$6B
2024
Imports of goods and services, % of GDP
66.9%
2024
51.9%
2024
Exports of goods and services, % of GDP
65.1%
2024
32.8%
2024

Economic freedom indices

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

Belarus El Salvador
Economic freedom 49.1 57.7
Economic freedom ranking 166/197 114/197
Property rights 20 42.7
Government integrity 28.3 31.5
Judicial effectiveness 11.5 15.3
Tax burden 93.5 76.8
Government spending 52.6 72.7
Fiscal health 96.8 59.4
Business freedom 50.3 65.7
Labor freedom 48 51.6
Monetary freedom 69 70.6
Trade freedom 69.2 76.4
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

Belarus
El Salvador
1x
Year Economic freedom index
Belarus El Salvador
2026 49.1 57.7
2025 48.9 56.6
2024 48.4 54.4
2023 51 56
2022 53 59.6
2021 61 61
2020 61.7 61.6
2019 57.9 61.8
2018 58.1 63.2
2017 58.6 64.1
2016 48.8 65.1
2015 49.8 65.7
2014 50.1 66.2
2013 48 66.7
2012 49 68.7
2011 47.9 68.8
2010 48.7 69.9
2009 45 69.8
2008 45.3 68.5
2007 47 68.9
2006 47.5 69.6
2005 46.7 71.5
2004 43.1 71.2
2003 39.7 71.5
2002 39 73
2001 38 73
2000 41.3 76.3
1999 35.4 75.1
1998 38 70.2
1997 39.8 70.5
1996 38.7 70.1
1995 40.4 69.1

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

GeoRank.org/economy/belarus/el-salvador | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 57.7 for El Salvador, ranking 114/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus El Salvador
Services, % of GDP
49.7%
2024
61%
2024
Industry, % of GDP
30.7%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
4.38%
2024
GNI, Atlas method
$75.4B
2024
$32.5B
2024
GNI per capita, PPP
$32,300
2024
$12,420
2024
Total reserves including gold
$8.91B
2024
$3.7B
2024
Total reserves ranking
82/177
2024
110/177
2024
Net foreign direct investment
-$1.57B
2024
-$636M
2024
Net inflows of foreign direct investment
$1.74B
2024
$924M
2024
Net outflows of foreign direct investment
$170M
2024
$288M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
35%
2024
Poverty at national poverty lines
3.9%
2022
27.2%
2023
Gross capital formation, % of GDP
25.8%
2024
20.3%
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/el-salvador | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.