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Economy of Belarus vs France compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $3.16T for France, ranking 83/197 and 7/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $3.58T (113.1% of GDP) in France.

Belarus vs France GDP by year

Belarus
France
1x
Year GDP, current $
Belarus France
2024 $75,961,865,472 $3,160,442,622,465
2023 $72,478,760,370 $3,056,250,648,138
2022 $73,775,179,925 $2,794,788,137,067
2021 $69,673,747,132 $2,966,433,692,008
2020 $61,371,673,345 $2,647,926,055,110
2019 $64,410,170,653 $2,722,793,515,172
2018 $60,031,026,576 $2,781,576,320,884
2017 $54,725,405,751 $2,588,868,323,335
2016 $47,723,545,321 $2,470,407,619,777
2015 $56,454,769,845 $2,442,483,452,643
2014 $78,813,069,121 $2,861,236,112,552
2013 $75,527,558,966 $2,816,077,607,875
2012 $65,685,890,439 $2,683,007,095,787
2011 $61,762,382,328 $2,870,408,553,990
2010 $57,231,904,543 $2,646,230,027,988
2009 $50,873,167,326 $2,700,075,882,519
2008 $60,752,106,347 $2,926,802,941,586
2007 $45,275,711,996 $2,655,816,911,867
2006 $36,961,894,281 $2,317,861,544,691
2005 $30,210,091,837 $2,192,146,403,028
2004 $23,141,566,293 $2,109,792,297,237
2003 $17,825,444,724 $1,835,095,983,049
2002 $14,594,900,945 $1,492,427,756,382
2001 $12,354,820,144 $1,370,376,677,299
2000 $12,736,856,828 $1,360,959,069,477
1999 $12,138,486,532 $1,486,915,879,702
1998 $15,222,012,660 $1,496,906,382,032
1997 $14,128,408,566 $1,449,392,222,971
1996 $14,500,437,520 $1,598,889,216,566
1995 $13,972,683,274 $1,595,219,345,512
1994 $14,931,435,232 $1,385,822,778,828
1993 $16,275,073,527 $1,314,383,368,080
1992 $16,939,790,094 $1,389,663,073,110
1991 $18,404,907,975 $1,258,961,748,634
1990 $17,389,558,233 $1,257,649,439,827
1989 - $1,016,742,237,302
1988 - $1,010,827,662,152
1987 - $926,320,855,615
1986 - $764,946,585,851
1985 - $547,220,981,165
1984 - $525,033,325,828
1983 - $553,356,312,936
1982 - $578,152,310,610
1981 - $609,184,791,792
1980 - $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

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

GDP per capita in Belarus vs France by year

Belarus
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $46,103 $62,557
2023 $7,897 $30,834 $44,700 $60,839
2022 $7,995 $28,429 $40,989 $57,043
2021 $7,490 $27,611 $43,725 $52,517
2020 $6,543 $24,872 $39,170 $49,482
2019 $6,838 $22,302 $40,408 $51,130
2018 $6,360 $20,026 $41,418 $46,381
2017 $5,786 $18,414 $38,687 $44,469
2016 $5,040 $17,832 $37,024 $42,880
2015 $5,967 $18,134 $36,702 $40,905
2014 $8,341 $19,038 $43,148 $40,218
2013 $7,998 $19,014 $42,669 $39,583
2012 $6,953 $18,115 $40,864 $37,671
2011 $6,528 $16,563 $43,930 $37,510
2010 $6,035 $15,339 $40,695 $35,908
2009 $5,352 $14,034 $41,728 $34,685
2008 $6,376 $13,886 $45,465 $35,053
2007 $4,735 $12,320 $41,486 $34,066
2006 $3,848 $10,995 $36,432 $32,424
2005 $3,126 $9,637 $34,696 $30,431
2004 $2,378 $8,483 $33,645 $28,921
2003 $1,820 $7,362 $29,480 $28,024
2002 $1,479 $6,697 $24,145 $28,350
2001 $1,244 $6,238 $22,332 $27,347
2000 $1,276 $5,796 $22,341 $26,007
1999 $1,211 $5,331 $24,576 $24,204
1998 $1,511 $5,061 $24,869 $23,263
1997 $1,396 $4,596 $24,169 $22,190
1996 $1,427 $4,039 $26,758 $21,268
1995 $1,371 $3,846 $26,792 $20,701
1994 $1,460 $4,190 $23,360 $19,892
1993 $1,590 $4,641 $22,239 $19,094
1992 $1,658 $4,917 $23,615 $18,801
1991 $1,805 $5,330 $21,501 $18,198
1990 $1,707 $5,220 $21,586 $17,475
1989 - - $17,547 -
1988 - - $17,550 -
1987 - - $16,176 -
1986 - - $13,430 -
1985 - - $9,657 -
1984 - - $9,312 -
1983 - - $9,862 -
1982 - - $10,360 -
1981 - - $10,956 -
1980 - - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while France ranks 30th at $62,557.

Economic indicators

Belarus France
Gross domestic product
$76B
2024
$3.16T
2024
GDP rank
83/197
2024
7/197
2024
GDP growth
4.01%
2023-2024
1.19%
2023-2024
GDP per capita
$8,318
2024
$46,103
2024
GDP per capita rank
92/197
2024
27/197
2024
GDP per capita, PPP
$33,010
2024
$62,557
2024
GDP per capita PPP rank
68/197
2024
30/197
2024
Government debt
$30.3B
2024
$3.58T
2024
Debt-to-GDP ratio
39.9%
2024
113.1%
2024
Government debt per person
$3,318
2024
$52,165
2024
Government debt per person rank
97/185
2024
8/185
2024
Average annual personal income after taxes
$7,345
2026
$35,669
2026
Market capitalization of domestic companies
$6.01B
2024
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires n/a
52
2025
Income share by richest 10%
20.7%
2020
25%
2023
Income share by poorest 10%
4.5%
2020
3%
2023
Government expenditure, % of GDP
40.9%
2024
57.2%
2024
Consumer prices inflation
5.7%
2023-2024
2%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
7.44%
2024
Population
9013835
68788006

Spending and national debt comparison by year

Belarus
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Belarus France
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 57.2% 113.1%
2023 40.3% 40.7% 56.8% 109.6%
2022 38% 40.8% 58.4% 111.4%
2021 36.7% 41.2% 59.5% 112.8%
2020 38% 47.5% 61.7% 114.9%
2019 37.4% 41% 55.3% 98.1%
2018 37.8% 47.5% 56.4% 98.5%
2017 39% 53.2% 57.7% 98.7%
2016 40.7% 53.5% 57.4% 98.1%
2015 41.8% 53% 57.6% 96.9%
2014 38.8% 38.8% 58.4% 96.1%
2013 40.8% 36.9% 58.6% 94.5%
2012 38.9% 36.9% 57.9% 91.7%
2011 40.3% 58.2% 57% 88.7%
2010 44.3% 36.8% 57.7% 86.3%
2009 51.7% 32.5% 58% 84.1%
2008 60% 20.3% 54.3% 69.8%
2007 49.2% 15.8% 53.6% 65.5%
2006 47.2% 12.3% 53.7% 65.4%
2005 45% 8.12% 54.3% 68.2%
2004 44% 9.22% 54% 66.9%
2003 43.5% - 54.4% 65.4%
2002 43.8% - 53.9% 61.3%
2001 42.4% - 52.8% 59.3%
2000 - - 52.6% 59.7%
1999 - - 53.7% 61.4%
1998 - - 54% 62.1%
1997 - - 55.6% 62%
1996 - - 56% 60.6%
1995 - - 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 113.1% in France, ranking 133/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

France
1x
Year Deficit/surplus, % of GDP
Belarus France
2024 1.05% -5.77%
2023 0.76% -5.44%
2022 -1.98% -4.74%
2021 -0.22% -6.58%
2020 -2.87% -8.93%
2019 0.91% -2.39%
2018 1.8% -2.32%
2017 -0.34% -3.36%
2016 -1.66% -3.76%
2015 -2.96% -3.89%
2014 0.09% -4.57%
2013 -0.98% -4.94%
2012 0.36% -5.17%
2011 -2.81% -5.3%
2010 -4.19% -7.16%
2009 -7.23% -7.38%
2008 -10.9% -3.5%
2007 -7.82% -2.99%
2006 -7.71% -2.66%
2005 -6.71% -3.5%
2004 -7.06% -3.55%
2003 -6.74% -4.09%
2002 -7.81% -3.18%
2001 -4.74% -1.42%
2000 - -1.32%
1999 - -1.55%
1998 - -2.39%
1997 - -3.71%
1996 - -3.89%
1995 - -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to France's deficit of $182B, or 5.77% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while France ran a deficit in 24 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 4.44% of GDP for France.

Inflation comparison by year

Inflation
Belarus

France
1x
Year Consumer prices inflation
Belarus France
2024 5.7% 2%
2023 5% 4.88%
2022 15.2% 5.22%
2021 9.5% 1.64%
2020 5.5% 0.48%
2019 5.6% 1.11%
2018 4.9% 1.85%
2017 6% 1.03%
2016 11.8% 0.18%
2015 13.5% 0.04%
2014 18.1% 0.51%
2013 18.3% 0.86%
2012 59.2% 1.95%
2011 53.2% 2.11%
2010 7.7% 1.53%
2009 13% 0.09%
2008 14.8% 2.81%
2007 8.4% 1.49%
2006 7% 1.68%
2005 10.3% 1.75%
2004 18.1% 2.14%
2003 28.4% 2.1%
2002 42.6% 1.92%
2001 61.1% 1.63%
2000 168.6% 1.68%
1999 293.7% 0.54%
1998 73% 0.65%
1997 63.8% 1.2%

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/france | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 1.61% in France. In 2024, inflation was 5.7% in Belarus and 2% in France.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $53M
Textiles & consumer goods $37.6M
Wood & paper products $23.6M
Transport & tourism services $20.2M
IT & IP services $15.1M
Metals $11.8M
Business & finance services $6M
Machinery & equipment $4.72M
Raw agricultural goods $3.65M
Manufacturing & construction services $2.15M
France
Export category Export value
Chemicals & pharma $89.4M
Machinery & equipment $30.2M
Processed food, beverages & tobacco $20.6M
Raw agricultural goods $16.5M
Raw materials & minerals $3.93M
Animal & marine products $3.06M
Textiles & consumer goods $2.97M
Wood & paper products $1.59M
Metals $527K
Miscellaneous $271K

Balance of trade

Belarus France
Current account balance
-$1.94B
2024
$2.69B
2024
Current account balance ranking
142/190
2024
42/190
2024
Current account balance, % of GDP
-2.56%
2024
+0.09%
2024
Goods imports
$44.2B
2024
$733B
2024
Goods exports
$39.5B
2024
$668B
2024
Service imports
$6.82B
2024
$341B
2024
Service exports
$10.1B
2024
$403B
2024
Imports of goods and services, % of GDP
66.9%
2024
34.2%
2024
Exports of goods and services, % of GDP
65.1%
2024
33.9%
2024

Economic freedom indices

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

Belarus France
Economic freedom 49.1 64.6
Economic freedom ranking 166/197 72/197
Property rights 20 91.2
Government integrity 28.3 73.4
Judicial effectiveness 11.5 84.7
Tax burden 93.5 54.6
Government spending 52.6 0.9
Fiscal health 96.8 34.8
Business freedom 50.3 78.4
Labor freedom 48 59.1
Monetary freedom 69 73.2
Trade freedom 69.2 79.4
Investment freedom 30 75
Financial freedom 20 70

Economic freedom comparison by year

Belarus
France
1x
Year Economic freedom index
Belarus France
2026 49.1 64.6
2025 48.9 64.4
2024 48.4 62.5
2023 51 63.6
2022 53 65.9
2021 61 65.7
2020 61.7 66
2019 57.9 63.8
2018 58.1 63.9
2017 58.6 63.3
2016 48.8 62.3
2015 49.8 62.5
2014 50.1 63.5
2013 48 64.1
2012 49 63.2
2011 47.9 64.6
2010 48.7 64.2
2009 45 63.3
2008 45.3 64.7
2007 47 62.1
2006 47.5 61.1
2005 46.7 60.5
2004 43.1 60.9
2003 39.7 59.2
2002 39 58
2001 38 58
2000 41.3 57.4
1999 35.4 59.1
1998 38 58.9
1997 39.8 59.1
1996 38.7 63.7
1995 40.4 64.4

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus France
Services, % of GDP
49.7%
2024
70.9%
2024
Industry, % of GDP
30.7%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
1.3%
2024
GNI, Atlas method
$75.4B
2024
$3.1T
2024
GNI per capita, PPP
$32,300
2024
$63,880
2024
Total reserves including gold
$8.91B
2024
$283B
2024
Total reserves ranking
82/177
2024
13/177
2024
Net foreign direct investment
-$1.57B
2024
-$10.3B
2024
Net inflows of foreign direct investment
$1.74B
2024
$52.1B
2024
Net outflows of foreign direct investment
$170M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
n/a
Poverty at national poverty lines
3.9%
2022
15.6%
2021
Gross capital formation, % of GDP
25.8%
2024
21.5%
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/france | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, 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 (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.