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Economy of Belarus vs Kyrgyzstan compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $17.5B for Kyrgyzstan, ranking 83/197 and 135/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $6.56B (37.5% of GDP) in Kyrgyzstan.

Belarus vs Kyrgyzstan GDP by year

Belarus
Kyrgyzstan
1x
Year GDP, current $
Belarus Kyrgyzstan
2024 $75,961,865,472 $17,478,259,659
2023 $72,478,760,370 $15,180,842,369
2022 $73,775,179,925 $12,134,931,018
2021 $69,673,747,132 $9,249,133,946
2020 $61,371,673,345 $8,270,468,614
2019 $64,410,170,653 $9,371,275,264
2018 $60,031,026,576 $8,271,106,235
2017 $54,725,405,751 $7,702,938,379
2016 $47,723,545,321 $6,813,095,379
2015 $56,454,769,845 $6,678,177,512
2014 $78,813,069,121 $7,468,102,413
2013 $75,527,558,966 $7,335,033,801
2012 $65,685,890,439 $6,605,142,884
2011 $61,762,382,328 $6,197,765,984
2010 $57,231,904,543 $4,794,361,863
2009 $50,873,167,326 $4,690,061,381
2008 $60,752,106,347 $5,139,958,909
2007 $45,275,711,996 $3,802,570,553
2006 $36,961,894,281 $2,834,168,889
2005 $30,210,091,837 $2,460,246,766
2004 $23,141,566,293 $2,211,534,585
2003 $17,825,444,724 $1,919,008,090
2002 $14,594,900,945 $1,605,643,105
2001 $12,354,820,144 $1,525,116,370
2000 $12,736,856,828 $1,369,688,498
1999 $12,138,486,532 $1,249,061,487
1998 $15,222,012,660 $1,645,963,750
1997 $14,128,408,566 $1,767,864,036
1996 $14,500,437,520 $1,827,570,586
1995 $13,972,683,274 $1,661,147,035
1994 $14,931,435,232 $1,681,780,847
1993 $16,275,073,527 $2,026,019,253
1992 $16,939,790,094 $2,315,346,943
1991 $18,404,907,975 $2,542,256,424
1990 $17,389,558,233 $2,660,202,623

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Belarus vs Kyrgyzstan by year

Belarus
GDP per capita

GDP per capita, PPP
Kyrgyzstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Kyrgyzstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $2,420 $8,012
2023 $7,897 $30,834 $2,138 $7,298
2022 $7,995 $28,429 $1,740 $6,578
2021 $7,490 $27,611 $1,350 $5,736
2020 $6,543 $24,872 $1,230 $5,179
2019 $6,838 $22,302 $1,422 $5,304
2018 $6,360 $20,026 $1,284 $4,778
2017 $5,786 $18,414 $1,221 $4,954
2016 $5,040 $17,832 $1,103 $4,604
2015 $5,967 $18,134 $1,106 $4,153
2014 $8,341 $19,038 $1,265 $4,228
2013 $7,998 $19,014 $1,270 $4,001
2012 $6,953 $18,115 $1,169 $3,589
2011 $6,528 $16,563 $1,117 $3,278
2010 $6,035 $15,339 $877 $3,076
2009 $5,352 $14,034 $870 $3,097
2008 $6,376 $13,886 $966 $3,031
2007 $4,735 $12,320 $722 $2,770
2006 $3,848 $10,995 $543 $2,508
2005 $3,126 $9,637 $477 $2,386
2004 $2,378 $8,483 $433 $2,343
2003 $1,820 $7,362 $381 $2,158
2002 $1,479 $6,697 $322 $1,998
2001 $1,244 $6,238 $308 $1,986
2000 $1,276 $5,796 $279.6 $1,862
1999 $1,211 $5,331 $258 $1,747
1998 $1,511 $5,061 $345 $1,687
1997 $1,396 $4,596 $376 $1,659
1996 $1,427 $4,039 $395 $1,505
1995 $1,371 $3,846 $364 $1,401
1994 $1,460 $4,190 $372 $1,466
1993 $1,590 $4,641 $449 $1,795
1992 $1,658 $4,917 $513 $2,075
1991 $1,805 $5,330 $570 $2,382
1990 $1,707 $5,220 $606 $2,544

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $2,420 in Kyrgyzstan, ranking 150/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Kyrgyzstan ranks 141st at $8,012.

Economic indicators

Belarus Kyrgyzstan
Gross domestic product
$76B
2024
$17.5B
2024
GDP rank
83/197
2024
135/197
2024
GDP growth
4.01%
2023-2024
9.04%
2023-2024
GDP per capita
$8,318
2024
$2,420
2024
GDP per capita rank
92/197
2024
150/197
2024
GDP per capita, PPP
$33,010
2024
$8,012
2024
GDP per capita PPP rank
68/197
2024
141/197
2024
Government debt
$30.3B
2024
$6.56B
2024
Debt-to-GDP ratio
39.9%
2024
37.5%
2024
Government debt per person
$3,318
2024
$908
2024
Government debt per person rank
97/185
2024
144/185
2024
Average annual personal income after taxes
$7,345
2026
$4,187
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
23%
2023
Income share by poorest 10%
4.5%
2020
4.3%
2023
Government expenditure, % of GDP
40.9%
2024
33.7%
2024
Consumer prices inflation
5.7%
2023-2024
5%
2023-2024
Central bank interest rate
9.75%
2025
10%
2025
Unemployment rate
3.04%
2024
3.5%
2023
Population
9013835
7471102

Spending and national debt comparison by year

Belarus
Spending

Debt
Kyrgyzstan
Spending

Debt
1x
Year % of GDP
Belarus Kyrgyzstan
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 33.7% 37.5%
2023 40.3% 40.7% 32.9% 42%
2022 38% 40.8% 35% 46.8%
2021 36.7% 41.2% 32.1% 56.2%
2020 38% 47.5% 32.1% 63.6%
2019 37.4% 41% 30.8% 48.8%
2018 37.8% 47.5% 33.1% 54.8%
2017 39% 53.2% 37% 58.8%
2016 40.7% 53.5% 38.9% 59.1%
2015 41.8% 53% 38.1% 67.1%
2014 38.8% 38.8% 38.5% 53.6%
2013 40.8% 36.9% 38.1% 47.1%
2012 38.9% 36.9% 40.6% 50.5%
2011 40.3% 58.2% 37.4% 50.1%
2010 44.3% 36.8% 37.1% 59.7%
2009 51.7% 32.5% 32.5% 58.5%
2008 60% 20.3% 27.9% 49%
2007 49.2% 15.8% 29.6% 57.7%
2006 47.2% 12.3% 29.1% 73.4%
2005 45% 8.12% 29.1% 85.7%
2004 44% 9.22% 28.5% 92.7%
2003 43.5% - 28.1% 108.2%
2002 43.8% - 29.3% 107.9%
2001 42.4% - 28.1% 108.2%
2000 - - 30.2% 123.3%
1999 - - 35.9% 119.6%
1998 - - 35.9% 85.1%
1997 - - 31.1% 64.8%
1996 - - 28.6% 57.7%
1995 - - 37.9% 52.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Kyrgyzstan spent $5.89B, or 33.7% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 37.5% in Kyrgyzstan, ranking 133/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Kyrgyzstan
1x
Year Deficit/surplus, % of GDP
Belarus Kyrgyzstan
2024 1.05% 1.87%
2023 0.76% 1.59%
2022 -1.98% -0.29%
2021 -0.22% -0.71%
2020 -2.87% -3.06%
2019 0.91% -0.07%
2018 1.8% -0.59%
2017 -0.34% -3.73%
2016 -1.66% -5.79%
2015 -2.96% -2.52%
2014 0.09% -3.07%
2013 -0.98% -3.7%
2012 0.36% -5.86%
2011 -2.81% -4.7%
2010 -4.19% -5.95%
2009 -7.23% 0.38%
2008 -10.9% 1.92%
2007 -7.82% 1.28%
2006 -7.71% -2.1%
2005 -6.71% -3.79%
2004 -7.06% -4.89%
2003 -6.74% -5.17%
2002 -7.81% -5.9%
2001 -4.74% -6.75%
2000 - -10.7%
1999 - -13.5%
1998 - -12%
1997 - -9.3%
1996 - -9.1%
1995 - -13.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Kyrgyzstan's surplus of $327M, or 1.87% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Kyrgyzstan ran a deficit in 19 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 2.57% of GDP for Kyrgyzstan.

Inflation comparison by year

Inflation
Belarus

Kyrgyzstan
1x
Year Consumer prices inflation
Belarus Kyrgyzstan
2024 5.7% 5%
2023 5% 10.8%
2022 15.2% 13.9%
2021 9.5% 11.9%
2020 5.5% 6.3%
2019 5.6% 1.1%
2018 4.9% 1.5%
2017 6% 3.2%
2016 11.8% 0.4%
2015 13.5% 6.5%
2014 18.1% 7.5%
2013 18.3% 6.6%
2012 59.2% 2.8%
2011 53.2% 16.6%
2010 7.7% 8%
2009 13% 6.8%
2008 14.8% 24.5%
2007 8.4% 10.2%
2006 7% 5.6%
2005 10.3% 4.3%
2004 18.1% 4.1%
2003 28.4% 3%
2002 42.6% 2.1%
2001 61.1% 6.9%
2000 168.6% 19.7%
1999 293.7% 35.9%
1998 73% 10.5%
1997 63.8% 23.4%

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

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

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 9.25% in Kyrgyzstan. In 2024, inflation was 5.7% in Belarus and 5% in Kyrgyzstan.

Top exports between countries

Belarus
Export category Export value
Animal & marine products $22.1M
Textiles & consumer goods $10.2M
Chemicals & pharma $9.82M
Processed food, beverages & tobacco $9.55M
Machinery & equipment $8.62M
Wood & paper products $7.36M
Transport & tourism services $4.52M
Metals $3.91M
Raw materials & minerals $2.28M
Business & finance services $738K
Kyrgyzstan
Export category Export value
Machinery & equipment $18.4M
Textiles & consumer goods $1.33M
Animal & marine products $985K
Processed food, beverages & tobacco $908K
Chemicals & pharma $654K
Metals $514K
Miscellaneous $422K
Raw materials & minerals $118K
Wood & paper products $12K
Precious metals & jewellery $10K

Balance of trade

Belarus Kyrgyzstan
Current account balance
-$1.94B
2024
-$5.18B
2022
Current account balance ranking
142/190
2024
167/190
2022
Current account balance, % of GDP
-2.56%
2024
-42.7%
2022
Goods imports
$44.2B
2024
$9.17B
2022
Goods exports
$39.5B
2024
$2.25B
2022
Service imports
$6.82B
2024
$1.48B
2022
Service exports
$10.1B
2024
$1.37B
2022
Imports of goods and services, % of GDP
66.9%
2024
84.2%
2024
Exports of goods and services, % of GDP
65.1%
2024
43.4%
2024

Economic freedom indices

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

Belarus Kyrgyzstan
Economic freedom 49.1 56
Economic freedom ranking 166/197 126/197
Property rights 20 22.9
Government integrity 28.3 23.9
Judicial effectiveness 11.5 8.3
Tax burden 93.5 93.2
Government spending 52.6 65.6
Fiscal health 96.8 97.2
Business freedom 50.3 58.2
Labor freedom 48 52.3
Monetary freedom 69 68
Trade freedom 69.2 72.6
Investment freedom 30 60
Financial freedom 20 50

Economic freedom comparison by year

Belarus
Kyrgyzstan
1x
Year Economic freedom index
Belarus Kyrgyzstan
2026 49.1 56
2025 48.9 55.6
2024 48.4 55.2
2023 51 55.8
2022 53 55.8
2021 61 63.7
2020 61.7 62.9
2019 57.9 62.3
2018 58.1 62.8
2017 58.6 61.1
2016 48.8 59.6
2015 49.8 61.3
2014 50.1 61.1
2013 48 59.6
2012 49 60.2
2011 47.9 61.1
2010 48.7 61.3
2009 45 61.8
2008 45.3 61.1
2007 47 60.2
2006 47.5 61
2005 46.7 56.6
2004 43.1 58
2003 39.7 56.8
2002 39 51.7
2001 38 53.7
2000 41.3 55.7
1999 35.4 54.8
1998 38 51.8
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/kyrgyzstan | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 56 for Kyrgyzstan, ranking 126/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Kyrgyzstan
Services, % of GDP
49.7%
2024
52.1%
2024
Industry, % of GDP
30.7%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
8.61%
2024
GNI, Atlas method
$75.4B
2024
$15.8B
2024
GNI per capita, PPP
$32,300
2024
$7,900
2024
Total reserves including gold
$8.91B
2024
$5.09B
2024
Total reserves ranking
82/177
2024
100/177
2024
Net foreign direct investment
-$1.57B
2024
-$509M
2022
Net inflows of foreign direct investment
$1.74B
2024
$705M
2024
Net outflows of foreign direct investment
$170M
2024
$20M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
4.74%
2024
Poverty at national poverty lines
3.9%
2022
25.7%
2024
Gross capital formation, % of GDP
25.8%
2024
29.8%
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/kyrgyzstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.