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Economy of Belarus vs Kiribati compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $308M for Kiribati, ranking 83/197 and 192/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Belarus vs Kiribati GDP by year

Belarus
Kiribati
1x
Year GDP, current $
Belarus Kiribati
2024 $75,961,865,472 $307,862,564
2023 $72,478,760,370 $288,610,748
2022 $73,775,179,925 $270,040,453
2021 $69,673,747,132 $285,259,881
2020 $61,371,673,345 $220,898,020
2019 $64,410,170,653 $216,985,388
2018 $60,031,026,576 $233,514,717
2017 $54,725,405,751 $222,875,736
2016 $47,723,545,321 $206,467,819
2015 $56,454,769,845 $191,559,399
2014 $78,813,069,121 $200,287,282
2013 $75,527,558,966 $201,730,861
2012 $65,685,890,439 $207,001,546
2011 $61,762,382,328 $195,970,140
2010 $57,231,904,543 $165,458,433
2009 $50,873,167,326 $140,177,384
2008 $60,752,106,347 $147,017,895
2007 $45,275,711,996 $138,054,946
2006 $36,961,894,281 $112,338,353
2005 $30,210,091,837 $113,895,437
2004 $23,141,566,293 $104,085,892
2003 $17,825,444,724 $96,105,619
2002 $14,594,900,945 $74,743,869
2001 $12,354,820,144 $64,935,850
2000 $12,736,856,828 $74,910,527
1999 $12,138,486,532 $77,323,978
1998 $15,222,012,660 $74,905,706
1997 $14,128,408,566 $80,205,807
1996 $14,500,437,520 $81,456,854
1995 $13,972,683,274 $68,596,395
1994 $14,931,435,232 $67,055,334
1993 $16,275,073,527 $58,953,596
1992 $16,939,790,094 $61,491,369
1991 $18,404,907,975 $41,247,792
1990 $17,389,558,233 $36,534,295
1989 - $37,645,319
1988 - $38,278,810
1987 - $29,554,413
1986 - $25,993,009
1985 - $26,126,615
1984 - $34,394,167
1983 - $31,000,546
1982 - $32,742,713
1981 - $35,267,489
1980 - $33,157,723
1979 - $34,466,197
1978 - $36,563,965
1977 - $31,335,459
1976 - $33,246,817
1975 - $44,547,454
1974 - $69,256,489
1973 - $25,645,040
1972 - $15,314,346
1971 - $12,356,134
1970 - $11,560,877

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Belarus vs Kiribati by year

Belarus
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $2,289 $3,702
2023 $7,897 $30,834 $2,178 $3,486
2022 $7,995 $28,429 $2,070 $3,329
2021 $7,490 $27,611 $2,222 $3,020
2020 $6,543 $24,872 $1,752 $2,711
2019 $6,838 $22,302 $1,751 $2,763
2018 $6,360 $20,026 $1,913 $2,672
2017 $5,786 $18,414 $1,853 $2,562
2016 $5,040 $17,832 $1,743 $2,463
2015 $5,967 $18,134 $1,640 $2,311
2014 $8,341 $19,038 $1,737 $2,084
2013 $7,998 $19,014 $1,772 $2,049
2012 $6,953 $18,115 $1,844 $1,896
2011 $6,528 $16,563 $1,771 $1,786
2010 $6,035 $15,339 $1,522 $1,724
2009 $5,352 $14,034 $1,317 $1,718
2008 $6,376 $13,886 $1,411 $1,735
2007 $4,735 $12,320 $1,353 $1,792
2006 $3,848 $10,995 $1,123 $1,728
2005 $3,126 $9,637 $1,162 $1,617
2004 $2,378 $8,483 $1,083 $1,579
2003 $1,820 $7,362 $1,021 $1,578
2002 $1,479 $6,697 $810 $1,605
2001 $1,244 $6,238 $719 $1,591
2000 $1,276 $5,796 $845 $1,638
1999 $1,211 $5,331 $887 $1,526
1998 $1,511 $5,061 $874 $1,593
1997 $1,396 $4,596 $953 $1,535
1996 $1,427 $4,039 $986 $1,519
1995 $1,371 $3,846 $844 $1,518
1994 $1,460 $4,190 $838 $1,469
1993 $1,590 $4,641 $748 $1,431
1992 $1,658 $4,917 $792 $1,421
1991 $1,805 $5,330 $540 $1,139
1990 $1,707 $5,220 $488 $1,192
1989 - - $515 -
1988 - - $536 -
1987 - - $424 -
1986 - - $382 -
1985 - - $393 -
1984 - - $527 -
1983 - - $483 -
1982 - - $519 -
1981 - - $568 -
1980 - - $542 -
1979 - - $573 -
1978 - - $611 -
1977 - - $520 -
1976 - - $548 -
1975 - - $730 -
1974 - - $1,131 -
1973 - - $422 -
1972 - - $256.2 -
1971 - - $210.7 -
1970 - - $201 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Kiribati ranks 169th at $3,702.

Economic indicators

Belarus Kiribati
Gross domestic product
$76B
2024
$308M
2024
GDP rank
83/197
2024
192/197
2024
GDP growth
4.01%
2023-2024
5.27%
2023-2024
GDP per capita
$8,318
2024
$2,289
2024
GDP per capita rank
92/197
2024
152/197
2024
GDP per capita, PPP
$33,010
2024
$3,702
2024
GDP per capita PPP rank
68/197
2024
169/197
2024
Government debt
$30.3B
2024
$30.5M
2024
Debt-to-GDP ratio
39.9%
2024
9.92%
2024
Government debt per person
$3,318
2024
$226.9
2024
Government debt per person rank
97/185
2024
181/185
2024
Average annual personal income after taxes
$7,345
2026
$1,967
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
22.8%
2019
Income share by poorest 10%
4.5%
2020
4%
2019
Government expenditure, % of GDP
40.9%
2024
98.1%
2024
Consumer prices inflation
5.7%
2023-2024
2.5%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
2.79%
2023
Population
9013835
139020

Spending and national debt comparison by year

Belarus
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Belarus Kiribati
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 98.1% 9.92%
2023 40.3% 40.7% 95.3% 11.4%
2022 38% 40.8% 87.5% 16.3%
2021 36.7% 41.2% 84% 17.3%
2020 38% 47.5% 102.2% 21%
2019 37.4% 41% 108.3% 19%
2018 37.8% 47.5% 108.8% 19%
2017 39% 53.2% 92.1% 20.2%
2016 40.7% 53.5% 99% 21.2%
2015 41.8% 53% 90.9% 18.8%
2014 38.8% 38.8% 101.2% 8.97%
2013 40.8% 36.9% 78% 8.86%
2012 38.9% 36.9% 83.9% 8.13%
2011 40.3% 58.2% 80.9% 8.8%
2010 44.3% 36.8% 75.7% 9.43%
2009 51.7% 32.5% 74.7% 10.3%
2008 60% 20.3% 79.4% 13.9%
2007 49.2% 15.8% 77.3% 11.1%
2006 47.2% 12.3% 82.1% 12.9%
2005 45% 8.12% 95.6% 12.1%
2004 44% 9.22% 103.8% 13.6%
2003 43.5% - 84.4% 12.3%
2002 43.8% - 96.9% 13.3%
2001 42.4% - 101.3% 17%
2000 - - 66% 12.7%
1999 - - 77.6% 11.8%
1998 - - 74.7% 9.81%
1997 - - 70.9% 10.7%
1996 - - 68.4% 11%
1995 - - 69.6% 12.3%
1994 - - 54.6% 12.3%
1993 - - 55.3% 10.9%
1992 - - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

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

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

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 9.92% in Kiribati, ranking 133/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Kiribati
1x
Year Deficit/surplus, % of GDP
Belarus Kiribati
2024 1.05% -22%
2023 0.76% 0.13%
2022 -1.98% -18.3%
2021 -0.22% -10.8%
2020 -2.87% 3.57%
2019 0.91% 10.8%
2018 1.8% 5.18%
2017 -0.34% 34.1%
2016 -1.66% 20.1%
2015 -2.96% 42.5%
2014 0.09% 35%
2013 -0.98% 11.8%
2012 0.36% -5.43%
2011 -2.81% -17.6%
2010 -4.19% -7.8%
2009 -7.23% -8.56%
2008 -10.9% -15.8%
2007 -7.82% -12.5%
2006 -7.71% -12.3%
2005 -6.71% -9.96%
2004 -7.06% -19.2%
2003 -6.74% -8.93%
2002 -7.81% 3.13%
2001 -4.74% -10.9%
2000 - -0.03%
1999 - -1.81%
1998 - 14.6%
1997 - 5.92%
1996 - -20.2%
1995 - -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%

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

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

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Kiribati ran a deficit in 14 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 0.57% of GDP for Kiribati.

Inflation comparison by year

Inflation
Belarus

Kiribati
1x
Year Consumer prices inflation
Belarus Kiribati
2024 5.7% 2.5%
2023 5% 9.3%
2022 15.2% 5.3%
2021 9.5% 2.1%
2020 5.5% 2.6%
2019 5.6% -1.8%
2018 4.9% 0.6%
2017 6% 0.4%
2016 11.8% 1.9%
2015 13.5% 0.6%
2014 18.1% 2.1%
2013 18.3% -1.5%
2012 59.2% -3%
2011 53.2% 1.5%
2010 7.7% -3.9%
2009 13% 9.8%
2008 14.8% 13.7%
2007 8.4% 3.6%
2006 7% -1%
2005 10.3% -0.4%
2004 18.1% -0.7%
2003 28.4% 1.6%
2002 42.6% 3.2%
2001 61.1% 6%
2000 168.6% 0.4%
1999 293.7% 1.8%
1998 73% 3.7%
1997 63.8% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 2.25% in Kiribati. In 2024, inflation was 5.7% in Belarus and 2.5% in Kiribati.

Top exports between countries

Belarus
Export category Export value
Transport & tourism services $2K
Kiribati
Export category Export value

Balance of trade

Belarus Kiribati
Current account balance
-$1.94B
2024
-$59.5M
2024
Current account balance ranking
142/190
2024
85/190
2024
Current account balance, % of GDP
-2.56%
2024
-19.3%
2024
Goods imports
$44.2B
2024
$227M
2024
Goods exports
$39.5B
2024
$8.49M
2024
Service imports
$6.82B
2024
$108M
2024
Service exports
$10.1B
2024
$7M
2024
Imports of goods and services, % of GDP
66.9%
2024
94.9%
2024
Exports of goods and services, % of GDP
65.1%
2024
6.27%
2024

Economic freedom indices

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

Belarus Kiribati
Economic freedom 49.1 50.8
Economic freedom ranking 166/197 158/197
Property rights 20 69.6
Government integrity 28.3 50.5
Judicial effectiveness 11.5 54.6
Tax burden 93.5 72.6
Government spending 52.6 0
Fiscal health 96.8 19.8
Business freedom 50.3 60.2
Labor freedom 48 65.3
Monetary freedom 69 76.7
Trade freedom 69.2 80
Investment freedom 30 30
Financial freedom 20 30

Economic freedom comparison by year

Belarus
Kiribati
1x
Year Economic freedom index
Belarus Kiribati
2026 49.1 50.8
2025 48.9 50.9
2024 48.4 51.3
2023 51 58.8
2022 53 59.2
2021 61 44.4
2020 61.7 45.2
2019 57.9 47.3
2018 58.1 50.8
2017 58.6 50.9
2016 48.8 46.2
2015 49.8 46.4
2014 50.1 46.3
2013 48 45.9
2012 49 46.9
2011 47.9 44.8
2010 48.7 43.7
2009 45 45.7
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 2026-03-09).

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Kiribati
Services, % of GDP
49.7%
2024
67.1%
2023
Industry, % of GDP
30.7%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
27.2%
2023
GNI, Atlas method
$75.4B
2024
$493M
2024
GNI per capita, PPP
$32,300
2024
$6,060
2024
Total reserves including gold
$8.91B
2024
n/a
Total reserves ranking
82/177
2024
n/a
Net foreign direct investment
-$1.57B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$1.74B
2024
$8.07M
2024
Net outflows of foreign direct investment
$170M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
n/a
Poverty at national poverty lines
3.9%
2022
5.5%
2023
Gross capital formation, % of GDP
25.8%
2024
25.8%
2023

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/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2020, retrieved 2026-02-08)

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.