Skip to content

Economy of Belarus vs Monaco compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $11.1B for Monaco, ranking 80/197 and 154/197 by economy size, respectively.

Belarus vs Monaco GDP by year

Belarus
Monaco
1x
Year GDP, current $
Belarus Monaco
2025 $93,397,215,864 -
2024 $78,591,839,300 $11,125,788,838
2023 $72,478,760,370 $10,003,897,341
2022 $73,775,179,925 $8,800,432,774
2021 $69,673,747,132 $8,623,241,327
2020 $61,371,673,345 $6,730,733,231
2019 $64,410,170,653 $7,383,494,129
2018 $60,031,026,576 $7,184,336,760
2017 $54,725,405,751 $6,430,258,225
2016 $47,723,545,321 $6,471,287,669
2015 $56,454,769,845 $6,264,753,586
2014 $78,813,069,121 $7,070,015,474
2013 $75,527,558,966 $6,555,590,642
2012 $65,685,890,439 $5,742,748,406
2011 $61,762,382,328 $6,088,690,667
2010 $57,231,904,543 $5,367,561,640
2009 $50,873,167,326 $5,474,381,528
2008 $60,752,106,347 $6,502,945,305
2007 $45,275,711,996 $5,875,787,545
2006 $36,961,894,281 $4,586,828,062
2005 $30,210,091,837 $4,204,651,894
2004 $23,141,566,293 $4,043,553,261
2003 $17,825,444,724 $3,597,090,047
2002 $14,594,900,945 $2,919,647,992
2001 $12,354,820,144 $2,673,722,829
2000 $12,736,856,828 $2,654,462,466
1999 $12,138,486,532 $2,907,118,417
1998 $15,222,012,660 $2,934,593,468
1997 $14,128,408,566 $2,840,195,190
1996 $14,500,437,520 $3,137,886,995
1995 $13,972,683,274 $3,130,309,995
1994 $14,931,435,232 $2,720,332,135
1993 $16,275,073,527 $2,574,494,356
1992 $16,939,790,094 $2,737,049,231
1991 $18,404,907,975 $2,480,540,845
1990 $17,389,558,233 $2,481,307,077
1989 - $2,010,083,833
1988 - $2,000,704,745
1987 - $1,839,081,463
1986 - $1,515,234,743
1985 - $1,082,867,507
1984 - $1,037,329,604
1983 - $1,092,560,365
1982 - $1,143,216,457
1981 - $1,205,188,648
1980 - $1,378,175,524
1979 - $1,209,870,147
1978 - $1,000,555,218
1977 - $811,191,392
1976 - $735,324,245
1975 - $711,978,962
1974 - $563,949,254
1973 - $523,554,039
1972 - $402,451,901
1971 - $327,706,210
1970 - $293,127,333

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Belarus vs Monaco by year

Belarus
GDP per capita

GDP per capita, PPP
Monaco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Monaco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - - -
2024 $8,606 $33,010 $288,002 -
2023 $7,897 $30,834 $256,800 -
2022 $7,995 $28,429 $226,052 -
2021 $7,490 $27,611 $223,823 -
2020 $6,543 $24,872 $176,892 -
2019 $6,838 $22,302 $193,747 -
2018 $6,360 $20,026 $188,298 -
2017 $5,786 $18,414 $170,663 -
2016 $5,040 $17,832 $173,605 -
2015 $5,967 $18,134 $170,437 $115,700
2014 $8,341 $19,038 $195,694 -
2013 $7,998 $19,014 $184,941 $78,700
2012 $6,953 $18,115 $165,445 -
2011 $6,528 $16,563 $179,364 $85,500
2010 $6,035 $15,339 $161,854 -
2009 $5,352 $14,034 $169,150 $63,400
2008 $6,376 $13,886 $204,264 -
2007 $4,735 $12,320 $184,558 -
2006 $3,848 $10,995 $143,084 $30,000
2005 $3,126 $9,637 $130,539 -
2004 $2,378 $8,483 $125,160 -
2003 $1,820 $7,362 $111,110 -
2002 $1,479 $6,697 $90,051 -
2001 $1,244 $6,238 $82,403 -
2000 $1,276 $5,796 $81,789 $27,000
1999 $1,211 $5,331 $89,698 $27,000
1998 $1,511 $5,061 $90,947 -
1997 $1,396 $4,596 $88,582 -
1996 $1,427 $4,039 $98,561 -
1995 $1,371 $3,846 $99,032 -
1994 $1,460 $4,190 $86,704 -
1993 $1,590 $4,641 $82,685 -
1992 $1,658 $4,917 $88,615 -
1991 $1,805 $5,330 $80,997 -
1990 $1,707 $5,220 $81,735 -
1989 - - $66,816 -
1988 - - $67,181 -
1987 - - $62,456 -
1986 - - $52,082 -
1985 - - $37,690 -
1984 - - $36,582 -
1983 - - $39,076 -
1982 - - $41,479 -
1981 - - $44,157 -
1980 - - $50,814 -
1979 - - $44,990 -
1978 - - $37,608 -
1977 - - $30,875 -
1976 - - $28,396 -
1975 - - $27,921 -
1974 - - $22,348 -
1973 - - $20,882 -
1972 - - $16,187 -
1971 - - $13,334 -
1970 - - $12,098 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-07-08).

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $288,002 in Monaco, ranking 1/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Monaco ranks 6th at $115,700.

Economic indicators

Belarus Monaco
Gross domestic product
$93.4B
2025
$11.1B
2024
GDP rank
80/197
2025
154/197
2024
GDP growth
1.3%
2024-2025
8.51%
2023-2024
GDP per capita
$10,279
2025
$288,002
2024
GDP per capita rank
88/197
2025
1/197
2024
GDP per capita, PPP
$33,010
2024
$115,700
2015
GDP per capita PPP rank
68/197
2024
6/197
2015
Government debt
$30.9B
2025
n/a
Debt-to-GDP ratio
33.1%
2025
n/a
Government debt per person
$3,399
2025
n/a
Government debt per person rank
98/185
2025
n/a
Average annual personal income after taxes
$8,062
2026
$109,346
2026
Market capitalization of domestic companies
$5.54B
2025
n/a
Number of billionaires n/a
2
2026
Income share by richest 10%
20.7%
2020
n/a
Income share by poorest 10%
4.5%
2020
n/a
Government expenditure, % of GDP
41.3%
2025
20%
2026
Consumer prices inflation
6.6%
2024-2025
1.5%
2019-2020
Central bank interest rate
9.25%
2026
n/a
Unemployment rate
3.04%
2024
6.33%
2016
Population
9025821
38054

Inflation comparison by year

Inflation
Belarus

Monaco
1x
Year Consumer prices inflation
Belarus Monaco
2025 6.6% -
2024 5.7% -
2023 5% -
2022 15.2% -
2021 9.5% -
2020 5.5% 1.5%
2019 5.6% 1.5%
2018 4.9% 1.5%
2017 6% -
2016 11.8% -
2015 13.5% -
2014 18.1% -
2013 18.3% -
2012 59.2% -
2011 53.2% -
2010 7.7% 1.5%
2009 13% -
2008 14.8% -
2007 8.4% -
2006 7% -
2005 10.3% -
2004 18.1% -
2003 28.4% -
2002 42.6% -
2001 61.1% -
2000 168.6% 1.9%
1999 293.7% -
1998 73% -
1997 63.8% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (2000–2020, retrieved 2026-07-08).

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

Over the past 21 years, Belarus has recorded an average annual inflation rate of 27.4%, compared with 1.58% in Monaco. In 2020, inflation was 6.6% in Belarus and 1.5% in Monaco.

Balance of trade

Belarus Monaco
Current account balance
-$1.82B
2025
n/a
Current account balance ranking
137/190
2025
n/a
Current account balance, % of GDP
-1.94%
2025
n/a
Goods imports
$46B
2025
n/a
Goods exports
$40B
2025
n/a
Service imports
$7.55B
2025
n/a
Service exports
$11.7B
2025
n/a
Imports of goods and services, % of GDP
57%
2025
n/a
Exports of goods and services, % of GDP
55.1%
2025
n/a

Economic freedom indices

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

Belarus Monaco
Economic freedom 49.1 83
Economic freedom ranking 166/197 4/197
Property rights 20 n/a
Government integrity 28.3 n/a
Judicial effectiveness 11.5 n/a
Tax burden 93.5 n/a
Government spending 52.6 n/a
Fiscal health 96.8 n/a
Business freedom 50.3 n/a
Labor freedom 48 n/a
Monetary freedom 69 n/a
Trade freedom 69.2 n/a
Investment freedom 30 n/a
Financial freedom 20 n/a

Other economic metrics

Belarus Monaco
Services, % of GDP
50%
2025
87.2%
2024
Industry, % of GDP
31.6%
2025
12.8%
2024
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
n/a
GNI, Atlas method
$83.3B
2025
n/a
GNI per capita, PPP
$34,310
2025
n/a
Total reserves including gold
$14.5B
2025
n/a
Total reserves ranking
72/177
2025
n/a
Net foreign direct investment
-$1.43B
2025
n/a
Net inflows of foreign direct investment
$1.74B
2024
n/a
Net outflows of foreign direct investment
$170M
2024
n/a
Servicing debt to the IMF, % of GNI
6.94%
2024
n/a
Poverty at national poverty lines
3.5%
2024
n/a
Gross capital formation, % of GDP
27.1%
2025
n/a

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/monaco | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.