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Economy of Belarus vs Israel compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $611B for Israel, ranking 80/197 and 27/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $418B (68.5% of GDP) in Israel.

Belarus vs Israel GDP by year

Belarus
Israel
1x
Year GDP, current $
Belarus Israel
2025 $93,397,215,864 $610,777,842,874
2024 $78,591,839,300 $542,284,494,491
2023 $72,478,760,370 $513,393,395,492
2022 $73,775,179,925 $525,157,951,213
2021 $69,673,747,132 $489,735,019,666
2020 $61,371,673,345 $410,908,899,711
2019 $64,410,170,653 $399,207,771,082
2018 $60,031,026,576 $375,470,422,244
2017 $54,725,405,751 $357,360,816,857
2016 $47,723,545,321 $321,083,954,798
2015 $56,454,769,845 $302,841,190,258
2014 $78,813,069,121 $314,376,760,832
2013 $75,527,558,966 $298,045,324,736
2012 $65,685,890,439 $263,172,104,091
2011 $61,762,382,328 $267,739,352,609
2010 $57,231,904,543 $239,372,857,534
2009 $50,873,167,326 $213,112,649,594
2008 $60,752,106,347 $220,952,472,408
2007 $45,275,711,996 $184,448,882,452
2006 $36,961,894,281 $158,706,516,002
2005 $30,210,091,837 $147,346,035,831
2004 $23,141,566,293 $139,925,423,025
2003 $17,825,444,724 $131,278,887,815
2002 $14,594,900,945 $125,215,963,105
2001 $12,354,820,144 $134,889,159,474
2000 $12,736,856,828 $136,409,902,632
1999 $12,138,486,532 $121,329,240,042
1998 $15,222,012,660 $120,468,659,246
1997 $14,128,408,566 $119,389,303,067
1996 $14,500,437,520 $115,051,957,577
1995 $13,972,683,274 $105,432,315,611
1994 $14,931,435,232 $90,684,108,118
1993 $16,275,073,527 $79,806,598,120
1992 $16,939,790,094 $79,408,652,426
1991 $18,404,907,975 $70,954,941,681
1990 $17,389,558,233 $61,978,459,022
1989 - $52,411,116,588
1988 - $52,618,458,014
1987 - $43,022,977,765
1986 - $35,812,041,620
1985 - $28,887,898,639
1984 - $30,626,695,891
1983 - $32,655,591,256
1982 - $29,237,231,967
1981 - $26,865,420,933
1980 - $25,379,585,067
1979 - $22,595,788,591
1978 - $17,690,363,444
1977 - $18,245,847,441
1976 - $15,946,502,888
1975 - $16,131,806,290
1974 - $17,162,009,924
1973 - $11,895,229,181
1972 - $9,216,866,299
1971 - $7,048,191,876
1970 - $7,402,142,195
1969 - $6,293,966,357
1968 - $5,455,059,532
1967 - $4,759,447,914
1966 - $4,700,397,692
1965 - $4,326,412,951
1964 - $4,021,861,430
1963 - $3,533,767,055
1962 - $2,964,323,618
1961 - $3,706,297,903
1960 - $3,068,690,949

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Belarus vs Israel by year

Belarus
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $60,337 -
2024 $8,606 $33,010 $54,217 $57,236
2023 $7,897 $30,834 $52,126 $55,171
2022 $7,995 $28,429 $54,947 $53,619
2021 $7,490 $27,611 $52,258 $46,162
2020 $6,543 $24,872 $44,591 $40,955
2019 $6,838 $22,302 $44,092 $41,325
2018 $6,360 $20,026 $42,269 $40,190
2017 $5,786 $18,414 $41,013 $39,471
2016 $5,040 $17,832 $37,571 $38,189
2015 $5,967 $18,134 $36,138 $35,871
2014 $8,341 $19,038 $38,265 $34,816
2013 $7,998 $19,014 $36,981 $34,827
2012 $6,953 $18,115 $33,269 $32,484
2011 $6,528 $16,563 $34,477 $31,314
2010 $6,035 $15,339 $31,399 $29,456
2009 $5,352 $14,034 $28,470 $28,087
2008 $6,376 $13,886 $30,231 $28,084
2007 $4,735 $12,320 $25,689 $28,307
2006 $3,848 $10,995 $22,500 $26,385
2005 $3,126 $9,637 $21,262 $25,701
2004 $2,378 $8,483 $20,550 $26,078
2003 $1,820 $7,362 $19,624 $24,702
2002 $1,479 $6,697 $19,059 $26,101
2001 $1,244 $6,238 $20,949 $25,806
2000 $1,276 $5,796 $21,690 $25,766
1999 $1,211 $5,331 $19,809 $23,415
1998 $1,511 $5,061 $20,176 $22,927
1997 $1,396 $4,596 $20,457 $22,279
1996 $1,427 $4,039 $20,213 $21,672
1995 $1,371 $3,846 $19,014 $20,642
1994 $1,460 $4,190 $16,796 $19,478
1993 $1,590 $4,641 $15,169 $18,218
1992 $1,658 $4,917 $15,500 $17,553
1991 $1,805 $5,330 $14,337 $16,486
1990 $1,707 $5,220 $13,300 $15,721
1989 - - $11,601 -
1988 - - $11,846 -
1987 - - $9,847 -
1986 - - $8,330 -
1985 - - $6,824 -
1984 - - $7,364 -
1983 - - $7,955 -
1982 - - $7,253 -
1981 - - $6,791 -
1980 - - $6,545 -
1979 - - $5,968 -
1978 - - $4,794 -
1977 - - $5,050 -
1976 - - $4,514 -
1975 - - $4,669 -
1974 - - $5,082 -
1973 - - $3,629 -
1972 - - $2,928 -
1971 - - $2,297 -
1970 - - $2,489 -
1969 - - $2,188 -
1968 - - $1,946 -
1967 - - $1,734 -
1966 - - $1,788 -
1965 - - $1,688 -
1964 - - $1,625 -
1963 - - $1,485 -
1962 - - $1,293 -
1961 - - $1,696 -
1960 - - $1,452 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Israel ranks 36th at $57,236.

Economic indicators

Belarus Israel
Gross domestic product
$93.4B
2025
$611B
2025
GDP rank
80/197
2025
27/197
2025
GDP growth
1.3%
2024-2025
2.93%
2024-2025
GDP per capita
$10,279
2025
$60,337
2025
GDP per capita rank
88/197
2025
19/197
2025
GDP per capita, PPP
$33,010
2024
$57,236
2024
GDP per capita PPP rank
68/197
2024
36/197
2024
Government debt
$30.9B
2025
$418B
2025
Debt-to-GDP ratio
33.1%
2025
68.5%
2025
Government debt per person
$3,399
2025
$41,338
2025
Government debt per person rank
98/185
2025
16/185
2025
Average annual personal income after taxes
$8,062
2026
$48,251
2026
Market capitalization of domestic companies
$5.54B
2025
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires n/a
42
2026
Income share by richest 10%
20.7%
2020
27%
2022
Income share by poorest 10%
4.5%
2020
1.8%
2022
Government expenditure, % of GDP
41.3%
2025
43.6%
2025
Consumer prices inflation
6.6%
2024-2025
3.04%
2024-2025
Central bank interest rate
9.25%
2026
3.75%
2026
Unemployment rate
3.04%
2024
3%
2025
Population
9025821
10334048

Spending and national debt comparison by year

Belarus
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Belarus Israel
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 43.6% 68.5%
2024 40.8% 38.7% 43.7% 67.7%
2023 40.3% 40.7% 39.6% 61.3%
2022 38% 40.8% 36.9% 60.3%
2021 36.7% 41.2% 40.1% 67.7%
2020 38% 47.5% 44.8% 71.1%
2019 37.4% 41% 38.7% 59.3%
2018 37.8% 47.5% 39.2% 60.1%
2017 39% 53.2% 38.4% 59.8%
2016 40.7% 53.5% 37.9% 61.7%
2015 41.8% 53% 37.6% 62.8%
2014 38.8% 38.8% 38.3% 65.8%
2013 40.8% 36.9% 39.7% 66%
2012 38.9% 36.9% 39.6% 66.9%
2011 40.3% 58.2% 39.3% 67.2%
2010 44.3% 36.8% 39.7% 69%
2009 51.7% 32.5% 41.4% 72.6%
2008 60% 20.3% 41.2% 70.2%
2007 49.2% 15.8% 40.2% 70.8%
2006 47.2% 12.3% 41.6% 77.7%
2005 45% 8.12% 42.3% 85.2%
2004 44% 9.22% 43% 88.3%
2003 43.5% - 45.4% 89.7%
2002 43.8% - 50% 87.2%
2001 42.4% - 46.1% 81.1%
2000 - - 43.4% 77.2%
1999 - - 53.6% 94.8%
1998 - - 55% 101%
1997 - - 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 68.5% in Israel, ranking 148/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Israel
1x
Year Deficit/surplus, % of GDP
Belarus Israel
2025 0.15% -5.22%
2024 0.54% -8.07%
2023 0.76% -5.38%
2022 -1.98% 0.3%
2021 -0.22% -3.37%
2020 -2.87% -10.6%
2019 0.91% -3.79%
2018 1.8% -3.58%
2017 -0.34% -1.17%
2016 -1.66% -1.78%
2015 -2.96% -1.2%
2014 0.09% -2.28%
2013 -0.98% -4.07%
2012 0.36% -4.46%
2011 -2.81% -3.43%
2010 -4.19% -3.72%
2009 -7.23% -6.53%
2008 -10.9% -3.49%
2007 -7.82% -0.43%
2006 -7.71% -0.94%
2005 -6.71% -2.74%
2004 -7.06% -3.4%
2003 -6.74% -5.03%
2002 -7.81% -8.21%
2001 -4.74% -4.06%
2000 - -0.8%
1999 - -6.26%
1998 - -7.99%
1997 - -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Israel ran a deficit in 24 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 3.87% of GDP for Israel.

Inflation comparison by year

Inflation
Belarus

Israel
1x
Year Consumer prices inflation
Belarus Israel
2025 6.6% 3.04%
2024 5.7% 3.07%
2023 5% 4.23%
2022 15.2% 4.41%
2021 9.5% 1.48%
2020 5.5% -0.58%
2019 5.6% 0.82%
2018 4.9% 0.81%
2017 6% 0.25%
2016 11.8% -0.54%
2015 13.5% -0.62%
2014 18.1% 0.47%
2013 18.3% 1.59%
2012 59.2% 1.68%
2011 53.2% 3.49%
2010 7.7% 2.7%
2009 13% 3.37%
2008 14.8% 4.53%
2007 8.4% 0.47%
2006 7% 2.05%
2005 10.3% 1.34%
2004 18.1% -0.42%
2003 28.4% 0.71%
2002 42.6% 5.8%
2001 61.1% 1.12%
2000 168.6% 1.03%
1999 293.7% 5.19%
1998 73% 5.49%
1997 63.8% 8.95%

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/israel | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 2.27% in Israel. In 2025, inflation was 6.6% in Belarus and 3.04% in Israel.

Top exports between countries

Belarus
Export category Export value
Metals $73.4M
Processed food, beverages & tobacco $14M
Machinery & equipment $6.8M
Textiles & consumer goods $3.42M
Raw materials & minerals $1.97M
Wood & paper products $1.57M
Animal & marine products $1.11M
Chemicals & pharma $691K
Raw agricultural goods $155K
Precious metals & jewellery $2K
Israel
Export category Export value
Textiles & consumer goods $5.89M
Chemicals & pharma $5.6M
Machinery & equipment $4.06M
Processed food, beverages & tobacco $1.01M
Metals $510K
Precious metals & jewellery $172K
Raw materials & minerals $113K
Raw agricultural goods $70K
Animal & marine products $62K
Miscellaneous $32K

Balance of trade

Belarus Israel
Current account balance
-$1.82B
2025
$8.53B
2025
Current account balance ranking
137/190
2025
26/190
2025
Current account balance, % of GDP
-1.94%
2025
+1.4%
2025
Goods imports
$46B
2025
$102B
2025
Goods exports
$40B
2025
$76.2B
2025
Service imports
$7.55B
2025
$53.2B
2025
Service exports
$11.7B
2025
$92.4B
2025
Imports of goods and services, % of GDP
57%
2025
25.4%
2025
Exports of goods and services, % of GDP
55.1%
2025
27.6%
2025

Economic freedom indices

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

Belarus Israel
Economic freedom 49.1 68.4
Economic freedom ranking 166/197 47/197
Property rights 20 73.1
Government integrity 28.3 66.2
Judicial effectiveness 11.5 68.1
Tax burden 93.5 60.2
Government spending 52.6 52
Fiscal health 96.8 60.8
Business freedom 50.3 72.4
Labor freedom 48 56.8
Monetary freedom 69 78.2
Trade freedom 69.2 82.8
Investment freedom 30 70
Financial freedom 20 80

Economic freedom comparison by year

Belarus
Israel
1x
Year Economic freedom index
Belarus Israel
2026 49.1 68.4
2025 48.9 69.9
2024 48.4 70.1
2023 51 68.9
2022 53 68
2021 61 73.8
2020 61.7 74
2019 57.9 72.8
2018 58.1 72.2
2017 58.6 69.7
2016 48.8 70.7
2015 49.8 70.5
2014 50.1 68.4
2013 48 66.9
2012 49 67.8
2011 47.9 68.5
2010 48.7 67.7
2009 45 67.6
2008 45.3 66.3
2007 47 64.8
2006 47.5 64.4
2005 46.7 62.6
2004 43.1 61.4
2003 39.7 62.7
2002 39 66.9
2001 38 66.1
2000 41.3 65.5
1999 35.4 68.3
1998 38 68
1997 39.8 62.7
1996 38.7 62
1995 40.4 61.5

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Israel
Services, % of GDP
50%
2025
72.8%
2024
Industry, % of GDP
31.6%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
1.29%
2024
GNI, Atlas method
$83.3B
2025
$569B
2025
GNI per capita, PPP
$34,310
2025
$58,870
2025
Total reserves including gold
$14.5B
2025
$229B
2025
Total reserves ranking
72/177
2025
18/177
2025
Net foreign direct investment
-$1.43B
2025
-$11.8B
2025
Net inflows of foreign direct investment
$1.74B
2024
$14.8B
2024
Net outflows of foreign direct investment
$170M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
n/a
Poverty at national poverty lines
3.5%
2024
22%
2020
Gross capital formation, % of GDP
27.1%
2025
24.3%
2025

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/israel | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.