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Economy of Belarus vs Oman compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $110B for Oman, ranking 80/197 and 70/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Belarus vs Oman GDP by year

Belarus
Oman
1x
Year GDP, current $
Belarus Oman
2025 $93,397,215,864 $109,604,780,696
2024 $78,591,839,300 $107,137,198,700
2023 $72,478,760,370 $106,174,707,932
2022 $73,775,179,925 $109,852,795,839
2021 $69,673,747,132 $87,323,797,139
2020 $61,371,673,345 $75,909,492,848
2019 $64,410,170,653 $88,060,858,257
2018 $60,031,026,576 $91,505,851,756
2017 $54,725,405,751 $80,856,697,009
2016 $47,723,545,321 $75,128,738,622
2015 $56,454,769,845 $78,710,793,238
2014 $78,813,069,121 $92,699,089,727
2013 $75,527,558,966 $89,936,020,806
2012 $65,685,890,439 $87,408,842,653
2011 $61,762,382,328 $77,497,529,259
2010 $57,231,904,543 $64,993,498,049
2009 $50,873,167,326 $55,454,096,229
2008 $60,752,106,347 $69,804,681,404
2007 $45,275,711,996 $48,300,390,117
2006 $36,961,894,281 $42,577,633,290
2005 $30,210,091,837 $35,506,892,068
2004 $23,141,566,293 $28,378,933,680
2003 $17,825,444,724 $24,733,680,104
2002 $14,594,900,945 $23,065,539,662
2001 $12,354,820,144 $22,205,721,717
2000 $12,736,856,828 $22,259,557,867
1999 $12,138,486,532 $17,832,769,831
1998 $15,222,012,660 $16,044,213,264
1997 $14,128,408,566 $18,039,791,938
1996 $14,500,437,520 $17,402,080,624
1995 $13,972,683,274 $15,722,236,671
1994 $14,931,435,232 $14,715,214,564
1993 $16,275,073,527 $14,230,429,129
1992 $16,939,790,094 $14,183,615,085
1991 $18,404,907,975 $12,918,335,501
1990 $17,389,558,233 $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Belarus vs Oman by year

Belarus
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $19,947 -
2024 $8,606 $33,010 $20,285 $41,740
2023 $7,897 $30,834 $21,028 $41,945
2022 $7,995 $28,429 $23,224 $42,616
2021 $7,490 $27,611 $19,403 $38,719
2020 $6,543 $24,872 $16,785 $35,163
2019 $6,838 $22,302 $19,180 $37,251
2018 $6,360 $20,026 $19,902 $37,780
2017 $5,786 $18,414 $17,820 $33,619
2016 $5,040 $17,832 $17,110 $33,334
2015 $5,967 $18,134 $18,808 $36,058
2014 $8,341 $19,038 $23,161 $44,236
2013 $7,998 $19,014 $23,458 $47,013
2012 $6,953 $18,115 $24,642 $49,989
2011 $6,528 $16,563 $25,188 $52,393
2010 $6,035 $15,339 $23,570 $55,667
2009 $5,352 $14,034 $20,656 $55,127
2008 $6,376 $13,886 $26,577 $52,841
2007 $4,735 $12,320 $18,793 $48,627
2006 $3,848 $10,995 $16,931 $46,091
2005 $3,126 $9,637 $14,435 $43,673
2004 $2,378 $8,483 $11,801 $42,142
2003 $1,820 $7,362 $10,464 $40,935
2002 $1,479 $6,697 $9,869 $41,511
2001 $1,244 $6,238 $9,612 $41,679
2000 $1,276 $5,796 $9,754 $39,443
1999 $1,211 $5,331 $7,915 $36,792
1998 $1,511 $5,061 $7,219 $36,666
1997 $1,396 $4,596 $8,235 $36,809
1996 $1,427 $4,039 $8,068 $34,661
1995 $1,371 $3,846 $7,414 $33,598
1994 $1,460 $4,190 $7,068 $31,925
1993 $1,590 $4,641 $7,039 $30,987
1992 $1,658 $4,917 $7,318 $29,773
1991 $1,805 $5,330 $6,977 $28,109
1990 $1,707 $5,220 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Oman ranks 55th at $41,740.

Economic indicators

Belarus Oman
Gross domestic product
$93.4B
2025
$110B
2025
GDP rank
80/197
2025
70/197
2025
GDP growth
1.3%
2024-2025
2.4%
2024-2025
GDP per capita
$10,279
2025
$19,947
2025
GDP per capita rank
88/197
2025
60/197
2025
GDP per capita, PPP
$33,010
2024
$41,740
2024
GDP per capita PPP rank
68/197
2024
55/197
2024
Government debt
$30.9B
2025
$39.2B
2025
Debt-to-GDP ratio
33.1%
2025
35.8%
2025
Government debt per person
$3,399
2025
$7,132
2025
Government debt per person rank
98/185
2025
70/185
2025
Average annual personal income after taxes
$8,062
2026
$19,851
2026
Market capitalization of domestic companies
$5.54B
2025
$41.3B
2025
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
28.9%
2025
Consumer prices inflation
6.6%
2024-2025
1%
2024-2025
Central bank interest rate
9.25%
2026
4.5%
2025
Unemployment rate
3.04%
2024
3.3%
2024
Population
9025821
5775345

Spending and national debt comparison by year

Belarus
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Belarus Oman
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 28.9% 35.8%
2024 40.8% 38.7% 28.7% 35.5%
2023 40.3% 40.7% 27.5% 37.4%
2022 38% 40.8% 31.1% 41.7%
2021 36.7% 41.2% 36.5% 61.9%
2020 38% 47.5% 44.5% 67.9%
2019 37.4% 41% 38.8% 52.5%
2018 37.8% 47.5% 38.3% 44.7%
2017 39% 53.2% 39.4% 40.1%
2016 40.7% 53.5% 44.6% 29.3%
2015 41.8% 53% 44.5% 13.9%
2014 38.8% 38.8% 41.4% 4.04%
2013 40.8% 36.9% 39.3% 4.66%
2012 38.9% 36.9% 38.6% 4.59%
2011 40.3% 58.2% 34.5% 4.44%
2010 44.3% 36.8% 30.6% 5.46%
2009 51.7% 32.5% 33.4% 5.8%
2008 60% 20.3% 25.6% 3.2%
2007 49.2% 15.8% 30.7% 4.44%
2006 47.2% 12.3% 30.1% 7.56%
2005 45% 8.12% 30.6% 8.39%
2004 44% 9.22% 34.1% 14.5%
2003 43.5% - 34% 13%
2002 43.8% - 34.1% 15.9%
2001 42.4% - 33.3% 22.5%
2000 - - 31.2% 21.7%
1999 - - 34.2% 28.9%
1998 - - 36.1% 30.9%
1997 - - 32.1% 20.8%
1996 - - 33.5% 21.2%
1995 - - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 35.8% in Oman, ranking 148/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Oman
1x
Year Deficit/surplus, % of GDP
Belarus Oman
2025 0.15% 1.04%
2024 0.54% 3.22%
2023 0.76% 6.72%
2022 -1.98% 10.3%
2021 -0.22% -3.17%
2020 -2.87% -15.7%
2019 0.91% -4.83%
2018 1.8% -6.72%
2017 -0.34% -10.5%
2016 -1.66% -19.6%
2015 -2.96% -13.5%
2014 0.09% -1.58%
2013 -0.98% 2.78%
2012 0.36% 4.07%
2011 -2.81% 8.24%
2010 -4.19% 4.95%
2009 -7.23% -0.27%
2008 -10.9% 14.7%
2007 -7.82% 10.5%
2006 -7.71% 12.2%
2005 -6.71% 11.2%
2004 -7.06% 5.43%
2003 -6.74% 5.92%
2002 -7.81% 5.31%
2001 -4.74% 7.55%
2000 - 12.2%
1999 - 0.3%
1998 - -4.37%
1997 - 4.77%
1996 - 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Oman ran a deficit in 9 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to surplus of 1.53% of GDP for Oman.

Inflation comparison by year

Inflation
Belarus

Oman
1x
Year Consumer prices inflation
Belarus Oman
2025 6.6% 1%
2024 5.7% 0.6%
2023 5% 1%
2022 15.2% 2.5%
2021 9.5% 1.7%
2020 5.5% -0.4%
2019 5.6% 0.5%
2018 4.9% 0.7%
2017 6% 1.5%
2016 11.8% 0.9%
2015 13.5% 0.1%
2014 18.1% 1.2%
2013 18.3% 1.3%
2012 59.2% 2.9%
2011 53.2% 4.1%
2010 7.7% 3.3%
2009 13% 3.5%
2008 14.8% 12.6%
2007 8.4% 5.9%
2006 7% 3.2%
2005 10.3% 1.9%
2004 18.1% 0.8%
2003 28.4% 0.2%
2002 42.6% -0.3%
2001 61.1% -0.8%
2000 168.6% -1.2%
1999 293.7% 0.5%
1998 73% 0.4%
1997 63.8% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 1.7% in Oman. In 2025, inflation was 6.6% in Belarus and 1% in Oman.

Top exports between countries

Belarus
Export category Export value
Animal & marine products $493K
Raw materials & minerals $334K
Machinery & equipment $107K
Precious metals & jewellery $58K
Metals $42K
Processed food, beverages & tobacco $39K
Chemicals & pharma $30K
Wood & paper products $24K
Miscellaneous $6K
Textiles & consumer goods $3K
Oman
Export category Export value
Precious metals & jewellery $59K
Machinery & equipment $12K
Wood & paper products $4K
Miscellaneous $1K

Balance of trade

Belarus Oman
Current account balance
-$1.82B
2025
$3.07B
2024
Current account balance ranking
137/190
2025
37/190
2024
Current account balance, % of GDP
-1.94%
2025
+2.86%
2024
Goods imports
$46B
2025
$39.5B
2024
Goods exports
$40B
2025
$65.2B
2024
Service imports
$7.55B
2025
$12.8B
2024
Service exports
$11.7B
2025
$5.64B
2024
Imports of goods and services, % of GDP
57%
2025
48.8%
2024
Exports of goods and services, % of GDP
55.1%
2025
66.1%
2024

Economic freedom indices

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

Belarus Oman
Economic freedom 49.1 68.5
Economic freedom ranking 166/197 45/197
Property rights 20 71.8
Government integrity 28.3 49.4
Judicial effectiveness 11.5 28
Tax burden 93.5 97.6
Government spending 52.6 74.7
Fiscal health 96.8 97.5
Business freedom 50.3 67.8
Labor freedom 48 47.7
Monetary freedom 69 79.2
Trade freedom 69.2 78.4
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

Belarus
Oman
1x
Year Economic freedom index
Belarus Oman
2026 49.1 68.5
2025 48.9 65.4
2024 48.4 62.9
2023 51 58.5
2022 53 56.6
2021 61 64.6
2020 61.7 63.6
2019 57.9 61
2018 58.1 61
2017 58.6 62.1
2016 48.8 67.1
2015 49.8 66.7
2014 50.1 67.4
2013 48 68.1
2012 49 67.9
2011 47.9 69.8
2010 48.7 67.7
2009 45 67
2008 45.3 67.3
2007 47 65.8
2006 47.5 63.7
2005 46.7 66.5
2004 43.1 66.9
2003 39.7 64.6
2002 39 64
2001 38 67.7
2000 41.3 64.1
1999 35.4 64.9
1998 38 64.9
1997 39.8 64.5
1996 38.7 65.4
1995 40.4 70.2

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Oman
Services, % of GDP
50%
2025
47.2%
2025
Industry, % of GDP
31.6%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
2.81%
2025
GNI, Atlas method
$83.3B
2025
$103B
2024
GNI per capita, PPP
$34,310
2025
$39,390
2024
Total reserves including gold
$14.5B
2025
$18.3B
2024
Total reserves ranking
72/177
2025
68/177
2024
Net foreign direct investment
-$1.43B
2025
-$12.6B
2024
Net inflows of foreign direct investment
$1.74B
2024
$12.5B
2024
Net outflows of foreign direct investment
$170M
2024
-$143M
2024
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
24.8%
2024

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/oman | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, 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.