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Economy of Belarus vs Palau compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $277M for Palau, ranking 83/197 and 194/197 by economy size, respectively.

Belarus vs Palau GDP by year

Belarus
Palau
1x
Year GDP, current $
Belarus Palau
2024 $75,961,865,472 -
2023 $72,478,760,370 $276,733,063
2022 $73,775,179,925 $243,826,813
2021 $69,673,747,132 $231,343,460
2020 $61,371,673,345 $261,688,507
2019 $64,410,170,653 $282,041,290
2018 $60,031,026,576 $287,998,352
2017 $54,725,405,751 $292,148,590
2016 $47,723,545,321 $305,227,020
2015 $56,454,769,845 $287,057,526
2014 $78,813,069,121 $245,591,095
2013 $75,527,558,966 $224,110,611
2012 $65,685,890,439 $215,616,882
2011 $61,762,382,328 $198,742,371
2010 $57,231,904,543 $188,042,374
2009 $50,873,167,326 $189,854,706
2008 $60,752,106,347 $201,067,734
2007 $45,275,711,996 $200,789,764
2006 $36,961,894,281 $193,611,359
2005 $30,210,091,837 $190,961,685
2004 $23,141,566,293 $166,363,739
2003 $17,825,444,724 $154,566,788
2002 $14,594,900,945 $162,658,722
2001 $12,354,820,144 $159,446,228
2000 $12,736,856,828 $149,551,483
1999 $12,138,486,532 $144,206,500
1998 $15,222,012,660 $149,079,600
1997 $14,128,408,566 $143,860,800
1996 $14,500,437,520 $137,494,600
1995 $13,972,683,274 $121,018,500
1994 $14,931,435,232 $106,138,500
1993 $16,275,073,527 $96,455,700
1992 $16,939,790,094 $104,771,300
1991 $18,404,907,975 $106,555,300
1990 $17,389,558,233 $97,702,303
1989 - $85,800,543
1988 - $75,348,615
1987 - $66,169,905
1986 - $58,109,314
1985 - $51,030,637
1984 - $44,814,259
1983 - $39,661,530
1982 - $36,027,583
1981 - $32,726,594
1980 - $29,728,054
1979 - $27,004,251
1978 - $24,530,015
1977 - $22,308,104
1976 - $20,364,420
1975 - $18,521,112
1974 - $16,848,759
1973 - $15,331,889
1972 - $13,956,474
1971 - $12,706,874
1970 - $11,563,041

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

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

GDP per capita in Belarus vs Palau by year

Belarus
GDP per capita

GDP per capita, PPP
Palau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Palau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 - -
2023 $7,897 $30,834 $15,611 $18,230
2022 $7,995 $28,429 $13,730 $17,185
2021 $7,490 $27,611 $13,009 $15,781
2020 $6,543 $24,872 $14,708 $17,390
2019 $6,838 $22,302 $15,847 $18,422
2018 $6,360 $20,026 $16,167 $18,172
2017 $5,786 $18,414 $16,402 $17,991
2016 $5,040 $17,832 $17,150 $18,235
2015 $5,967 $18,134 $16,154 $17,854
2014 $8,341 $19,038 $13,863 $16,442
2013 $7,998 $19,014 $12,699 $15,425
2012 $6,953 $18,115 $12,137 $15,461
2011 $6,528 $16,563 $10,994 $14,673
2010 $6,035 $15,339 $10,222 $13,443
2009 $5,352 $14,034 $10,148 $13,414
2008 $6,376 $13,886 $10,578 $14,039
2007 $4,735 $12,320 $10,403 $14,308
2006 $3,848 $10,995 $9,882 $13,545
2005 $3,126 $9,637 $9,635 $12,960
2004 $2,378 $8,483 $8,394 $12,213
2003 $1,820 $7,362 $7,862 $11,588
2002 $1,479 $6,697 $8,340 $11,704
2001 $1,244 $6,238 $8,239 $11,092
2000 $1,276 $5,796 $7,798 $10,197
1999 $1,211 $5,331 $7,630 $10,388
1998 $1,511 $5,061 $8,048 $11,048
1997 $1,396 $4,596 $7,945 $10,957
1996 $1,427 $4,039 $7,788 $10,800
1995 $1,371 $3,846 $7,038 $9,863
1994 $1,460 $4,190 $6,329 $8,932
1993 $1,590 $4,641 $5,892 $8,348
1992 $1,658 $4,917 $6,553 $9,521
1991 $1,805 $5,330 $6,824 $10,184
1990 $1,707 $5,220 $6,403 $9,609
1989 - - $5,741 -
1988 - - $5,145 -
1987 - - $4,616 -
1986 - - $4,144 -
1985 - - $3,728 -
1984 - - $3,360 -
1983 - - $3,049 -
1982 - - $2,838 -
1981 - - $2,639 -
1980 - - $2,423 -
1979 - - $2,189 -
1978 - - $1,972 -
1977 - - $1,781 -
1976 - - $1,616 -
1975 - - $1,464 -
1974 - - $1,328 -
1973 - - $1,221 -
1972 - - $1,145 -
1971 - - $1,081 -
1970 - - $1,017 -

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

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $15,611 in Palau, ranking 67/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Palau ranks 103rd at $18,230.

Economic indicators

Belarus Palau
Gross domestic product
$76B
2024
$277M
2023
GDP rank
83/197
2024
194/197
2023
GDP growth
4.01%
2023-2024
2.22%
2022-2023
GDP per capita
$8,318
2024
$15,611
2023
GDP per capita rank
92/197
2024
67/197
2023
GDP per capita, PPP
$33,010
2024
$18,230
2023
GDP per capita PPP rank
68/197
2024
103/197
2023
Government debt
$30.3B
2024
n/a
Debt-to-GDP ratio
39.9%
2024
n/a
Government debt per person
$3,318
2024
n/a
Government debt per person rank
97/185
2024
n/a
Average annual personal income after taxes
$7,345
2026
$9,869
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
n/a
Income share by poorest 10%
4.5%
2020
n/a
Government expenditure, % of GDP
40.9%
2024
52.3%
2024
Consumer prices inflation
5.7%
2023-2024
3.6%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
2.09%
2023
Population
9013835
17629

Government deficit by year

Deficit/surplus
Belarus

Palau
1x
Year Deficit/surplus, % of GDP
Belarus Palau
2024 1.05% 1.67%
2023 0.76% 0.73%
2022 -1.98% -3.99%
2021 -0.22% -9.94%
2020 -2.87% -13%
2019 0.91% -0.36%
2018 1.8% 6.18%
2017 -0.34% 4.76%
2016 -1.66% 3.52%
2015 -2.96% 5.08%
2014 0.09% 3.59%
2013 -0.98% 0.54%
2012 0.36% 0.98%
2011 -2.81% 1.29%
2010 -4.19% -1.27%
2009 -7.23% -2.14%
2008 -10.9% -1.71%
2007 -7.82% -2.08%
2006 -7.71% 0.14%
2005 -6.71% 1.38%
2004 -7.06% -4.82%
2003 -6.74% -3.18%
2002 -7.81% -12.7%
2001 -4.74% -16.7%
2000 - -13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2023, Belarus' government surplus, the difference between spending and revenue, was $550M, equivalent to 0.76% of GDP. This compares to Palau's surplus of $2.02M, or 0.73% of GDP.

Over the past 23 years, Belarus recorded a fiscal deficit in 18 of those years, while Palau ran a deficit in 12 years. On average, Belarus posted an annual deficit equal to 3.51% of GDP, compared to deficit of 1.9% of GDP for Palau.

Inflation comparison by year

Inflation
Belarus

Palau
1x
Year Consumer prices inflation
Belarus Palau
2024 5.7% 3.6%
2023 5% 12.4%
2022 15.2% 13.2%
2021 9.5% -0.5%
2020 5.5% 0.7%
2019 5.6% 0.4%
2018 4.9% 2.4%
2017 6% 1.1%
2016 11.8% -1.3%
2015 13.5% 2.2%
2014 18.1% 4%
2013 18.3% 2.8%
2012 59.2% 5.4%
2011 53.2% 2.6%
2010 7.7% 1.1%
2009 13% 4.7%
2008 14.8% 9.9%
2007 8.4% 3%
2006 7% 4.2%
2005 10.3% 3.6%
2004 18.1% 0.5%
2003 28.4% 0.6%
2002 42.6% -0.3%
2001 61.1% -0.7%
2000 168.6% -
1999 293.7% -
1998 73% -
1997 63.8% -

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

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

Over the past 24 years, Belarus has recorded an average annual inflation rate of 18.5%, compared with 3.15% in Palau. In 2024, inflation was 5.7% in Belarus and 3.6% in Palau.

Balance of trade

Belarus Palau
Current account balance
-$1.94B
2024
-$134M
2023
Current account balance ranking
142/190
2024
91/190
2023
Current account balance, % of GDP
-2.56%
2024
-48.5%
2023
Goods imports
$44.2B
2024
$164M
2023
Goods exports
$39.5B
2024
$1.74M
2023
Service imports
$6.82B
2024
$43M
2023
Service exports
$10.1B
2024
$61.9M
2023
Imports of goods and services, % of GDP
66.9%
2024
80.4%
2023
Exports of goods and services, % of GDP
65.1%
2024
26.3%
2023

Economic freedom indices

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

Belarus Palau
Economic freedom 49.1 62
Economic freedom ranking 166/197 89/197
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 Palau
Services, % of GDP
49.7%
2024
74.8%
2023
Industry, % of GDP
30.7%
2024
10.1%
2023
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
3.04%
2023
GNI, Atlas method
$75.4B
2024
$262M
2023
GNI per capita, PPP
$32,300
2024
$18,320
2023
Total reserves including gold
$8.91B
2024
n/a
Total reserves ranking
82/177
2024
n/a
Net foreign direct investment
-$1.57B
2024
-$79.9M
2023
Net inflows of foreign direct investment
$1.74B
2024
$69.1M
2024
Net outflows of foreign direct investment
$170M
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
n/a
Poverty at national poverty lines
3.9%
2022
24.9%
2020
Gross capital formation, % of GDP
25.8%
2024
35.6%
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/palau | 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 (2000–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.