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Economy of Belarus vs Mexico compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $1.83T for Mexico, ranking 80/197 and 14/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $1.13T (61.8% of GDP) in Mexico.

Belarus vs Mexico GDP by year

Belarus
Mexico
1x
Year GDP, current $
Belarus Mexico
2025 $93,397,215,864 $1,832,641,364,776
2024 $78,591,839,300 $1,830,489,311,089
2023 $72,478,760,370 $1,794,410,347,718
2022 $73,775,179,925 $1,466,934,724,243
2021 $69,673,747,132 $1,316,569,466,834
2020 $61,371,673,345 $1,121,064,767,169
2019 $64,410,170,653 $1,304,106,204,006
2018 $60,031,026,576 $1,256,300,182,984
2017 $54,725,405,751 $1,190,721,475,853
2016 $47,723,545,321 $1,112,233,497,453
2015 $56,454,769,845 $1,213,294,467,654
2014 $78,813,069,121 $1,364,507,717,689
2013 $75,527,558,966 $1,327,436,290,439
2012 $65,685,890,439 $1,255,110,424,742
2011 $61,762,382,328 $1,229,013,703,417
2010 $57,231,904,543 $1,105,424,238,652
2009 $50,873,167,326 $943,437,414,951
2008 $60,752,106,347 $1,161,553,459,985
2007 $45,275,711,996 $1,102,355,554,880
2006 $36,961,894,281 $1,020,265,057,882
2005 $30,210,091,837 $917,571,853,437
2004 $23,141,566,293 $819,459,227,375
2003 $17,825,444,724 $765,549,967,889
2002 $14,594,900,945 $810,666,116,402
2001 $12,354,820,144 $796,064,590,549
2000 $12,736,856,828 $742,061,329,749
1999 $12,138,486,532 $631,249,359,702
1998 $15,222,012,660 $557,461,102,631
1997 $14,128,408,566 $523,449,530,464
1996 $14,500,437,520 $432,157,945,024
1995 $13,972,683,274 $380,157,469,867
1994 $14,931,435,232 $553,618,247,901
1993 $16,275,073,527 $530,160,763,663
1992 $16,939,790,094 $363,157,832,924
1991 $18,404,907,975 $313,139,656,146
1990 $17,389,558,233 $261,253,675,693
1989 - $221,403,098,267
1988 - $181,611,150,497
1987 - $147,542,558,209
1986 - $134,556,034,673
1985 - $195,241,069,482
1984 - $184,230,754,105
1983 - $156,167,000,433
1982 - $184,602,611,610
1981 - $263,797,827,860
1980 - $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Belarus vs Mexico by year

Belarus
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $13,889 -
2024 $8,606 $33,010 $13,988 $26,185
2023 $7,897 $30,834 $13,831 $25,243
2022 $7,995 $28,429 $11,406 $23,135
2021 $7,490 $27,611 $10,314 $20,783
2020 $6,543 $24,872 $8,841 $19,354
2019 $6,838 $22,302 $10,370 $20,964
2018 $6,360 $20,026 $10,085 $20,921
2017 $5,786 $18,414 $9,649 $20,489
2016 $5,040 $17,832 $9,098 $20,105
2015 $5,967 $18,134 $10,021 $19,071
2014 $8,341 $19,038 $11,391 $18,821
2013 $7,998 $19,014 $11,217 $18,170
2012 $6,953 $18,115 $10,744 $18,005
2011 $6,528 $16,563 $10,664 $17,267
2010 $6,035 $15,339 $9,729 $15,909
2009 $5,352 $14,034 $8,424 $15,191
2008 $6,376 $13,886 $10,524 $15,681
2007 $4,735 $12,320 $10,134 $15,032
2006 $3,848 $10,995 $9,513 $14,540
2005 $3,126 $9,637 $8,672 $13,260
2004 $2,378 $8,483 $7,850 $12,658
2003 $1,820 $7,362 $7,434 $12,066
2002 $1,479 $6,697 $7,983 $11,762
2001 $1,244 $6,238 $7,953 $11,739
2000 $1,276 $5,796 $7,524 $11,705
1999 $1,211 $5,331 $6,500 $11,031
1998 $1,511 $5,061 $5,833 $10,756
1997 $1,396 $4,596 $5,567 $10,182
1996 $1,427 $4,039 $4,674 $9,496
1995 $1,371 $3,846 $4,184 $8,933
1994 $1,460 $4,190 $6,202 $9,466
1993 $1,590 $4,641 $6,048 $9,041
1992 $1,658 $4,917 $4,221 $9,470
1991 $1,805 $5,330 $3,709 $9,079
1990 $1,707 $5,220 $3,154 $8,578
1989 - - $2,725 -
1988 - - $2,279 -
1987 - - $1,888 -
1986 - - $1,757 -
1985 - - $2,602 -
1984 - - $2,506 -
1983 - - $2,170 -
1982 - - $2,621 -
1981 - - $3,829 -
1980 - - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $13,889 in Mexico, ranking 76/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Mexico ranks 80th at $26,185.

Economic indicators

Belarus Mexico
Gross domestic product
$93.4B
2025
$1.83T
2025
GDP rank
80/197
2025
14/197
2025
GDP growth
1.3%
2024-2025
0.56%
2024-2025
GDP per capita
$10,279
2025
$13,889
2025
GDP per capita rank
88/197
2025
76/197
2025
GDP per capita, PPP
$33,010
2024
$26,185
2024
GDP per capita PPP rank
68/197
2024
80/197
2024
Government debt
$30.9B
2025
$1.13T
2025
Debt-to-GDP ratio
33.1%
2025
61.8%
2025
Government debt per person
$3,399
2025
$8,577
2025
Government debt per person rank
98/185
2025
66/185
2025
Average annual personal income after taxes
$8,062
2026
$10,482
2026
Market capitalization of domestic companies
$5.54B
2025
$560B
2025
Number of millionaires n/a
333,000
2026
Number of billionaires n/a
22
2026
Income share by richest 10%
20.7%
2020
33.4%
2024
Income share by poorest 10%
4.5%
2020
2.1%
2024
Government expenditure, % of GDP
41.3%
2025
29.8%
2025
Consumer prices inflation
6.6%
2024-2025
3.81%
2024-2025
Central bank interest rate
9.25%
2026
6.5%
2026
Unemployment rate
3.04%
2024
2.54%
2025
Population
9025821
133551566

Spending and national debt comparison by year

Belarus
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Belarus Mexico
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 29.8% 61.8%
2024 40.8% 38.7% 30.8% 59.1%
2023 40.3% 40.7% 28.6% 52.8%
2022 38% 40.8% 28.5% 53.8%
2021 36.7% 41.2% 26.7% 56.7%
2020 38% 47.5% 27.8% 58.5%
2019 37.4% 41% 25.3% 51.9%
2018 37.8% 47.5% 25% 52.2%
2017 39% 53.2% 25% 52.5%
2016 40.7% 53.5% 26.5% 55%
2015 41.8% 53% 26.6% 51%
2014 38.8% 38.8% 26.9% 47.1%
2013 40.8% 36.9% 26.7% 44.1%
2012 38.9% 36.9% 27% 40.8%
2011 40.3% 58.2% 26.6% 41.2%
2010 44.3% 36.8% 26.5% 40.2%
2009 51.7% 32.5% 26.5% 41.7%
2008 60% 20.3% 26.5% 40.6%
2007 49.2% 15.8% 22.5% 35.5%
2006 47.2% 12.3% 21.6% 35.8%
2005 45% 8.12% 21.2% 36.8%
2004 44% 9.22% 20.5% 38.9%
2003 43.5% - 21.5% 42.1%
2002 43.8% - 19.8% 39.9%
2001 42.4% - 19.5% 37.3%
2000 - - 19.4% 38.5%
1999 - - 20.1% 41.7%
1998 - - 19.5% 39.7%
1997 - - 20.7% 39.1%
1996 - - 20.8% 42.5%
1995 - - 18.9% 30.7%
1994 - - 18.9% 26.8%
1993 - - 18.2% 19.2%
1992 - - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Mexico spent $547B, or 29.8% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 61.8% in Mexico, ranking 148/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Mexico
1x
Year Deficit/surplus, % of GDP
Belarus Mexico
2025 0.15% -4.86%
2024 0.54% -5.78%
2023 0.76% -4.3%
2022 -1.98% -4.32%
2021 -0.22% -3.75%
2020 -2.87% -4.29%
2019 0.91% -2.27%
2018 1.8% -2.14%
2017 -0.34% -1.03%
2016 -1.66% -2.68%
2015 -2.96% -3.86%
2014 0.09% -4.37%
2013 -0.98% -3.56%
2012 0.36% -3.57%
2011 -2.81% -3.2%
2010 -4.19% -3.8%
2009 -7.23% -3.94%
2008 -10.9% -0.68%
2007 -7.82% -1.46%
2006 -7.71% -1.23%
2005 -6.71% -1.43%
2004 -7.06% -1.35%
2003 -6.74% -2.24%
2002 -7.81% -2.18%
2001 -4.74% -2.57%
2000 - -2.69%
1999 - -4.49%
1998 - -4.49%
1997 - -3.48%
1996 - -3.66%
1995 - -2.28%
1994 - -2.25%
1993 - -1.51%
1992 - 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Mexico's deficit of $89B, or 4.86% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Mexico ran a deficit in 25 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 2.99% of GDP for Mexico.

Inflation comparison by year

Inflation
Belarus

Mexico
1x
Year Consumer prices inflation
Belarus Mexico
2025 6.6% 3.81%
2024 5.7% 4.72%
2023 5% 5.53%
2022 15.2% 7.9%
2021 9.5% 5.69%
2020 5.5% 3.4%
2019 5.6% 3.64%
2018 4.9% 4.9%
2017 6% 6.04%
2016 11.8% 2.82%
2015 13.5% 2.72%
2014 18.1% 4.02%
2013 18.3% 3.81%
2012 59.2% 4.11%
2011 53.2% 3.41%
2010 7.7% 4.16%
2009 13% 5.3%
2008 14.8% 5.12%
2007 8.4% 3.97%
2006 7% 3.63%
2005 10.3% 3.99%
2004 18.1% 4.69%
2003 28.4% 4.55%
2002 42.6% 5.03%
2001 61.1% 6.37%
2000 168.6% 9.49%
1999 293.7% 16.6%
1998 73% 15.9%
1997 63.8% 20.6%

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/mexico | CC BY

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 6.07% in Mexico. In 2025, inflation was 6.6% in Belarus and 3.81% in Mexico.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $10.6M
Metals $4.74M
Machinery & equipment $220K
Wood & paper products $51K
Textiles & consumer goods $22K
Chemicals & pharma $12K
Precious metals & jewellery $1K
Mexico
Export category Export value
Metals $298K
Processed food, beverages & tobacco $232K

Balance of trade

Belarus Mexico
Current account balance
-$1.82B
2025
-$8.2B
2025
Current account balance ranking
137/190
2025
171/190
2025
Current account balance, % of GDP
-1.94%
2025
-0.45%
2025
Goods imports
$46B
2025
$665B
2025
Goods exports
$40B
2025
$666B
2025
Service imports
$7.55B
2025
$75.4B
2025
Service exports
$11.7B
2025
$64B
2025
Imports of goods and services, % of GDP
57%
2025
40.3%
2025
Exports of goods and services, % of GDP
55.1%
2025
39.6%
2025

Economic freedom indices

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

Belarus Mexico
Economic freedom 49.1 59.8
Economic freedom ranking 166/197 102/197
Property rights 20 37.6
Government integrity 28.3 28.8
Judicial effectiveness 11.5 40.4
Tax burden 93.5 75.4
Government spending 52.6 74.6
Fiscal health 96.8 56.7
Business freedom 50.3 67
Labor freedom 48 57.3
Monetary freedom 69 70.6
Trade freedom 69.2 74.2
Investment freedom 30 75
Financial freedom 20 60

Economic freedom comparison by year

Belarus
Mexico
1x
Year Economic freedom index
Belarus Mexico
2026 49.1 59.8
2025 48.9 61.3
2024 48.4 62
2023 51 63.2
2022 53 63.7
2021 61 65.5
2020 61.7 66
2019 57.9 64.7
2018 58.1 64.8
2017 58.6 63.6
2016 48.8 65.2
2015 49.8 66.4
2014 50.1 66.8
2013 48 67
2012 49 65.3
2011 47.9 67.8
2010 48.7 68.3
2009 45 65.8
2008 45.3 66.2
2007 47 66
2006 47.5 64.7
2005 46.7 65.2
2004 43.1 66
2003 39.7 65.3
2002 39 63
2001 38 60.6
2000 41.3 59.3
1999 35.4 58.5
1998 38 57.9
1997 39.8 57.1
1996 38.7 61.2
1995 40.4 63.1

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Mexico
Services, % of GDP
50%
2025
58.9%
2025
Industry, % of GDP
31.6%
2025
30.6%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
3.88%
2025
GNI, Atlas method
$83.3B
2025
$1.81T
2025
GNI per capita, PPP
$34,310
2025
$25,070
2025
Total reserves including gold
$14.5B
2025
$256B
2025
Total reserves ranking
72/177
2025
17/177
2025
Net foreign direct investment
-$1.43B
2025
-$31.8B
2025
Net inflows of foreign direct investment
$1.74B
2024
$45.5B
2024
Net outflows of foreign direct investment
$170M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
3.77%
2024
Poverty at national poverty lines
3.5%
2024
29.6%
2024
Gross capital formation, % of GDP
27.1%
2025
22.6%
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/mexico | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, 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 (2020–2021, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.