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Economy of Belarus vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $99B for Sri Lanka, ranking 83/197 and 72/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Belarus vs Sri Lanka GDP by year

Belarus
Sri Lanka
1x
Year GDP, current $
Belarus Sri Lanka
2024 $75,961,865,472 $98,963,185,510
2023 $72,478,760,370 $83,716,142,582
2022 $73,775,179,925 $74,143,020,263
2021 $69,673,747,132 $88,556,698,938
2020 $61,371,673,345 $84,335,574,582
2019 $64,410,170,653 $88,998,706,297
2018 $60,031,026,576 $94,450,015,983
2017 $54,725,405,751 $94,369,350,286
2016 $47,723,545,321 $88,000,211,172
2015 $56,454,769,845 $85,090,301,052
2014 $78,813,069,121 $82,531,125,191
2013 $75,527,558,966 $76,976,203,829
2012 $65,685,890,439 $70,447,217,164
2011 $61,762,382,328 $67,753,285,897
2010 $57,231,904,543 $58,636,049,434
2009 $50,873,167,326 $42,066,224,093
2008 $60,752,106,347 $40,713,826,215
2007 $45,275,711,996 $32,350,238,760
2006 $36,961,894,281 $28,267,410,543
2005 $30,210,091,837 $24,405,791,045
2004 $23,141,566,293 $20,662,525,941
2003 $17,825,444,724 $18,881,765,437
2002 $14,594,900,945 $16,536,535,647
2001 $12,354,820,144 $15,749,753,805
2000 $12,736,856,828 $16,595,882,819
1999 $12,138,486,532 $15,711,933,513
1998 $15,222,012,660 $15,760,736,956
1997 $14,128,408,566 $15,091,913,884
1996 $14,500,437,520 $13,897,738,375
1995 $13,972,683,274 $13,029,697,561
1994 $14,931,435,232 $11,717,604,209
1993 $16,275,073,527 $10,338,679,636
1992 $16,939,790,094 $9,703,011,636
1991 $18,404,907,975 $9,000,362,582
1990 $17,389,558,233 $8,032,551,173
1989 - $6,987,267,684
1988 - $6,978,371,581
1987 - $6,682,167,120
1986 - $6,405,210,564
1985 - $5,978,460,972
1984 - $6,043,474,843
1983 - $5,167,913,302
1982 - $4,768,765,017
1981 - $4,415,844,156
1980 - $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 - $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/sri-lanka | CC BY

GDP per capita in Belarus vs Sri Lanka by year

Belarus
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $4,516 $15,633
2023 $7,897 $30,834 $3,799 $14,456
2022 $7,995 $28,429 $3,343 $14,194
2021 $7,490 $27,611 $3,997 $14,316
2020 $6,543 $24,872 $3,848 $12,941
2019 $6,838 $22,302 $4,082 $14,113
2018 $6,360 $20,026 $4,359 $14,178
2017 $5,786 $18,414 $4,399 $13,610
2016 $5,040 $17,832 $4,149 $13,079
2015 $5,967 $18,134 $4,058 $12,227
2014 $8,341 $19,038 $3,972 $11,721
2013 $7,998 $19,014 $3,739 $11,253
2012 $6,953 $18,115 $3,328 $10,249
2011 $6,528 $16,563 $3,225 $9,076
2010 $6,035 $15,339 $2,808 $8,234
2009 $5,352 $14,034 $2,027 $7,576
2008 $6,376 $13,886 $1,974 $7,317
2007 $4,735 $12,320 $1,579 $6,820
2006 $3,848 $10,995 $1,389 $6,261
2005 $3,126 $9,637 $1,207 $5,679
2004 $2,378 $8,483 $1,029 $5,216
2003 $1,820 $7,362 $946 $4,850
2002 $1,479 $6,697 $835 $4,522
2001 $1,244 $6,238 $804 $4,328
2000 $1,276 $5,796 $860 $4,368
1999 $1,211 $5,331 $829 $4,103
1998 $1,511 $5,061 $848 $3,952
1997 $1,396 $4,596 $827 $3,804
1996 $1,427 $4,039 $776 $3,582
1995 $1,371 $3,846 $742 $3,454
1994 $1,460 $4,190 $678 $3,260
1993 $1,590 $4,641 $607 $3,067
1992 $1,658 $4,917 $580 $2,851
1991 $1,805 $5,330 $546 $2,713
1990 $1,707 $5,220 $491 $2,527
1989 - - $430 -
1988 - - $434 -
1987 - - $420 -
1986 - - $407 -
1985 - - $385 -
1984 - - $391 -
1983 - - $336 -
1982 - - $312 -
1981 - - $292.5 -
1980 - - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 - - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/sri-lanka | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Belarus Sri Lanka
Gross domestic product
$76B
2024
$99B
2024
GDP rank
83/197
2024
72/197
2024
GDP growth
4.01%
2023-2024
5.01%
2023-2024
GDP per capita
$8,318
2024
$4,516
2024
GDP per capita rank
92/197
2024
124/197
2024
GDP per capita, PPP
$33,010
2024
$15,633
2024
GDP per capita PPP rank
68/197
2024
111/197
2024
Government debt
$30.3B
2024
$99.8B
2024
Debt-to-GDP ratio
39.9%
2024
100.8%
2024
Government debt per person
$3,318
2024
$4,554
2024
Government debt per person rank
97/185
2024
85/185
2024
Average annual personal income after taxes
$7,345
2026
$2,874
2026
Market capitalization of domestic companies
$6.01B
2024
$19.5B
2024
Income share by richest 10%
20.7%
2020
30.8%
2019
Income share by poorest 10%
4.5%
2020
3.1%
2019
Government expenditure, % of GDP
40.9%
2024
19.3%
2024
Consumer prices inflation
5.7%
2023-2024
-0.43%
2023-2024
Central bank interest rate
9.75%
2025
7.75%
2025
Unemployment rate
3.04%
2024
4.67%
2023
Population
9013835
22185425

Spending and national debt comparison by year

Belarus
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Belarus Sri Lanka
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 19.3% 100.8%
2023 40.3% 40.7% 19.5% 110.4%
2022 38% 40.8% 18.6% 115.9%
2021 36.7% 41.2% 20% 102.7%
2020 38% 47.5% 22.1% 96.9%
2019 37.4% 41% 19.5% 82.6%
2018 37.8% 47.5% 17.5% 83.6%
2017 39% 53.2% 17.9% 72.3%
2016 40.7% 53.5% 18.2% 75%
2015 41.8% 53% 19.3% 76.3%
2014 38.8% 38.8% 17.2% 69.6%
2013 40.8% 36.9% 16.6% 69.5%
2012 38.9% 36.9% 17.3% 67.5%
2011 40.3% 58.2% 19.1% 69.4%
2010 44.3% 36.8% 19.3% 68.7%
2009 51.7% 32.5% 21% 72.8%
2008 60% 20.3% 19.1% 68.8%
2007 49.2% 15.8% 19.9% 71.8%
2006 47.2% 12.3% 20.5% 74.3%
2005 45% 8.12% 20.1% 76.6%
2004 44% 9.22% 19.3% 86.5%
2003 43.5% - 19.3% 86.5%
2002 43.8% - 20.8% 96.3%
2001 42.4% - 22.4% 84.4%
2000 - - 21.7% 79.2%
1999 - - 20.5% 77.7%
1998 - - 21.4% 74.2%
1997 - - 21.4% 70.1%
1996 - - 23.1% 76.2%
1995 - - 24.8% 77.8%
1994 - - 24.1% 77.9%
1993 - - 23.2% 79.2%
1992 - - 23% 77.9%
1991 - - 26.4% 80.5%
1990 - - 25.4% 78.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/sri-lanka | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 100.8% in Sri Lanka, ranking 133/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Belarus Sri Lanka
2024 1.05% -5.64%
2023 0.76% -8.32%
2022 -1.98% -10.2%
2021 -0.22% -11.7%
2020 -2.87% -13.4%
2019 0.91% -7.52%
2018 1.8% -4.96%
2017 -0.34% -5.1%
2016 -1.66% -5%
2015 -2.96% -6.64%
2014 0.09% -5.99%
2013 -0.98% -5%
2012 0.36% -5.44%
2011 -2.81% -6.01%
2010 -4.19% -6.73%
2009 -7.23% -8.33%
2008 -10.9% -5.93%
2007 -7.82% -5.81%
2006 -7.71% -5.91%
2005 -6.71% -5.93%
2004 -7.06% -6.32%
2003 -6.74% -6.15%
2002 -7.81% -6.9%
2001 -4.74% -8.48%
2000 - -7.78%
1999 - -5.58%
1998 - -6.79%
1997 - -5.71%
1996 - -6.89%
1995 - -7.11%
1994 - -7.41%
1993 - -5.77%
1992 - -4.95%
1991 - -7.97%
1990 - -6.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belarus/sri-lanka | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Sri Lanka ran a deficit in 24 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 6.97% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Belarus

Sri Lanka
1x
Year Consumer prices inflation
Belarus Sri Lanka
2024 5.7% -0.43%
2023 5% 16.5%
2022 15.2% 49.7%
2021 9.5% 7.01%
2020 5.5% 6.15%
2019 5.6% 3.53%
2018 4.9% 2.14%
2017 6% 7.7%
2016 11.8% 3.96%
2015 13.5% 3.77%
2014 18.1% 3.18%
2013 18.3% 6.91%
2012 59.2% 7.54%
2011 53.2% 6.72%
2010 7.7% 6.22%
2009 13% 3.46%
2008 14.8% 22.6%
2007 8.4% 15.8%
2006 7% 10%
2005 10.3% 11.6%
2004 18.1% 7.58%
2003 28.4% 6.31%
2002 42.6% 9.55%
2001 61.1% 14.2%
2000 168.6% 6.18%
1999 293.7% 4.69%
1998 73% 9.36%
1997 63.8% 9.57%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/sri-lanka | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 9.34% in Sri Lanka. In 2024, inflation was 5.7% in Belarus and -0.43% in Sri Lanka.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $23.8M
Transport & tourism services $22M
Raw agricultural goods $640K
Wood & paper products $243K
IT & IP services $220K
Processed food, beverages & tobacco $74K
Government & miscellaneous services $67K
Business & finance services $63K
Textiles & consumer goods $34K
Machinery & equipment $11K
Sri Lanka
Export category Export value
Raw agricultural goods $3.03M
Machinery & equipment $766K
Textiles & consumer goods $479K
Raw materials & minerals $358K
Chemicals & pharma $67K
Animal & marine products $46K
Processed food, beverages & tobacco $37K
Wood & paper products $2K
Metals $1K

Balance of trade

Belarus Sri Lanka
Current account balance
-$1.94B
2024
$1.21B
2024
Current account balance ranking
142/190
2024
53/190
2024
Current account balance, % of GDP
-2.56%
2024
+1.22%
2024
Goods imports
$44.2B
2024
$18.8B
2024
Goods exports
$39.5B
2024
$12.8B
2024
Service imports
$6.82B
2024
$3.48B
2024
Service exports
$10.1B
2024
$6.91B
2024
Imports of goods and services, % of GDP
66.9%
2024
22.5%
2024
Exports of goods and services, % of GDP
65.1%
2024
19.9%
2024

Economic freedom indices

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

Belarus Sri Lanka
Economic freedom 49.1 50.3
Economic freedom ranking 166/197 162/197
Property rights 20 47.3
Government integrity 28.3 37.3
Judicial effectiveness 11.5 47.2
Tax burden 93.5 77
Government spending 52.6 89
Fiscal health 96.8 0
Business freedom 50.3 60.1
Labor freedom 48 54.3
Monetary freedom 69 65.9
Trade freedom 69.2 65.6
Investment freedom 30 30
Financial freedom 20 30

Economic freedom comparison by year

Belarus
Sri Lanka
1x
Year Economic freedom index
Belarus Sri Lanka
2026 49.1 50.3
2025 48.9 49.4
2024 48.4 49.2
2023 51 52.2
2022 53 53.3
2021 61 55.7
2020 61.7 57.4
2019 57.9 56.4
2018 58.1 57.8
2017 58.6 57.4
2016 48.8 59.9
2015 49.8 58.6
2014 50.1 60
2013 48 60.7
2012 49 58.3
2011 47.9 57.1
2010 48.7 54.6
2009 45 56
2008 45.3 58.4
2007 47 59.4
2006 47.5 58.7
2005 46.7 61
2004 43.1 61.6
2003 39.7 62.5
2002 39 64
2001 38 66
2000 41.3 63.2
1999 35.4 64
1998 38 64.6
1997 39.8 65.5
1996 38.7 62.5
1995 40.4 60.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/sri-lanka | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Sri Lanka
Services, % of GDP
49.7%
2024
57.5%
2024
Industry, % of GDP
30.7%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
8.3%
2024
GNI, Atlas method
$75.4B
2024
$84.6B
2024
GNI per capita, PPP
$32,300
2024
$15,240
2024
Total reserves including gold
$8.91B
2024
$6.09B
2024
Total reserves ranking
82/177
2024
92/177
2024
Net foreign direct investment
-$1.57B
2024
-$651M
2024
Net inflows of foreign direct investment
$1.74B
2024
$761M
2024
Net outflows of foreign direct investment
$170M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
4.98%
2024
Poverty at national poverty lines
3.9%
2022
14.3%
2019
Gross capital formation, % of GDP
25.8%
2024
27%
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/sri-lanka | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.