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Economy of Belarus vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $14.2B for Tajikistan, ranking 83/197 and 145/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Belarus vs Tajikistan GDP by year

Belarus
Tajikistan
1x
Year GDP, current $
Belarus Tajikistan
2024 $75,961,865,472 $14,204,575,549
2023 $72,478,760,370 $12,244,169,293
2022 $73,775,179,925 $10,713,525,200
2021 $69,673,747,132 $8,937,805,347
2020 $61,371,673,345 $8,133,963,551
2019 $64,410,170,653 $8,300,813,599
2018 $60,031,026,576 $7,764,999,999
2017 $54,725,405,751 $7,536,402,853
2016 $47,723,545,321 $6,992,416,097
2015 $56,454,769,845 $8,271,431,485
2014 $78,813,069,121 $9,112,605,459
2013 $75,527,558,966 $8,448,411,318
2012 $65,685,890,439 $7,633,036,903
2011 $61,762,382,328 $6,522,756,255
2010 $57,231,904,543 $5,642,221,099
2009 $50,873,167,326 $4,979,472,364
2008 $60,752,106,347 $5,161,299,725
2007 $45,275,711,996 $3,719,524,541
2006 $36,961,894,281 $2,830,213,849
2005 $30,210,091,837 $2,312,352,021
2004 $23,141,566,293 $2,076,176,869
2003 $17,825,444,724 $1,555,318,261
2002 $14,594,900,945 $1,221,106,220
2001 $12,354,820,144 $1,080,772,551
2000 $12,736,856,828 $860,541,842
1999 $12,138,486,532 $1,086,612,290
1998 $15,222,012,660 $1,320,199,582
1997 $14,128,408,566 $921,518,033
1996 $14,500,437,520 $1,043,654,822
1995 $13,972,683,274 $1,231,561,860
1994 $14,931,435,232 $1,522,001,206
1993 $16,275,073,527 $1,646,623,195
1992 $16,939,790,094 $1,908,554,572
1991 $18,404,907,975 $2,536,585,366
1990 $17,389,558,233 $2,629,395,066

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Belarus vs Tajikistan by year

Belarus
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $1,341 $5,406
2023 $7,897 $30,834 $1,178 $4,964
2022 $7,995 $28,429 $1,052 $4,514
2021 $7,490 $27,611 $897 $3,986
2020 $6,543 $24,872 $834 $3,654
2019 $6,838 $22,302 $871 $3,460
2018 $6,360 $20,026 $834 $3,069
2017 $5,786 $18,414 $829 $3,017
2016 $5,040 $17,832 $789 $2,914
2015 $5,967 $18,134 $957 $2,975
2014 $8,341 $19,038 $1,082 $3,152
2013 $7,998 $19,014 $1,028 $2,919
2012 $6,953 $18,115 $952 $2,679
2011 $6,528 $16,563 $834 $2,456
2010 $6,035 $15,339 $737 $2,291
2009 $5,352 $14,034 $665 $2,171
2008 $6,376 $13,886 $703 $2,120
2007 $4,735 $12,320 $517 $1,966
2006 $3,848 $10,995 $401 $1,810
2005 $3,126 $9,637 $334 $1,673
2004 $2,378 $8,483 $306 $1,550
2003 $1,820 $7,362 $233.6 $1,396
2002 $1,479 $6,697 $187 $1,257
2001 $1,244 $6,238 $168.7 $1,139
2000 $1,276 $5,796 $136.9 $1,036
1999 $1,211 $5,331 $175 $947
1998 $1,511 $5,061 $213.7 $905
1997 $1,396 $4,596 $150.1 $855
1996 $1,427 $4,039 $172 $836
1995 $1,371 $3,846 $207 $1,006
1994 $1,460 $4,190 $261.3 $1,148
1993 $1,590 $4,641 $287.6 $1,454
1992 $1,658 $4,917 $338 $1,721
1991 $1,805 $5,330 $458 $2,417
1990 $1,707 $5,220 $487 $2,583

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Tajikistan ranks 157th at $5,406.

Economic indicators

Belarus Tajikistan
Gross domestic product
$76B
2024
$14.2B
2024
GDP rank
83/197
2024
145/197
2024
GDP growth
4.01%
2023-2024
8.4%
2023-2024
GDP per capita
$8,318
2024
$1,341
2024
GDP per capita rank
92/197
2024
166/197
2024
GDP per capita, PPP
$33,010
2024
$5,406
2024
GDP per capita PPP rank
68/197
2024
157/197
2024
Government debt
$30.3B
2024
$3.54B
2024
Debt-to-GDP ratio
39.9%
2024
24.9%
2024
Government debt per person
$3,318
2024
$335
2024
Government debt per person rank
97/185
2024
175/185
2024
Average annual personal income after taxes
$7,345
2026
$2,591
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
28.2%
2024
Income share by poorest 10%
4.5%
2020
2.9%
2024
Government expenditure, % of GDP
40.9%
2024
27.7%
2024
Consumer prices inflation
5.7%
2023-2024
3.5%
2023-2024
Central bank interest rate
9.75%
2025
7.75%
2025
Unemployment rate
3.04%
2024
0.08%
2016
Population
9013835
11038274

Spending and national debt comparison by year

Belarus
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Belarus Tajikistan
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 27.7% 24.9%
2023 40.3% 40.7% 28% 29.9%
2022 38% 40.8% 27.4% 31.8%
2021 36.7% 41.2% 27.6% 42%
2020 38% 47.5% 29.2% 50.9%
2019 37.4% 41% 28.8% 43.2%
2018 37.8% 47.5% 30.9% 46.3%
2017 39% 53.2% 33.8% 46.3%
2016 40.7% 53.5% 32.7% 42.2%
2015 41.8% 53% 31.9% 35%
2014 38.8% 38.8% 27.5% 27.9%
2013 40.8% 36.9% 27.7% 29.3%
2012 38.9% 36.9% 24.7% 32.5%
2011 40.3% 58.2% 24.3% 35.5%
2010 44.3% 36.8% 25.9% 36.8%
2009 51.7% 32.5% 23.6% 36.9%
2008 60% 20.3% 20.2% 30.2%
2007 49.2% 15.8% 20.3% 34.3%
2006 47.2% 12.3% 21.6% 36.8%
2005 45% 8.12% 22.9% 45.8%
2004 44% 9.22% 20.2% 49.4%
2003 43.5% - 19.1% 69.8%
2002 43.8% - 19.1% 98.3%
2001 42.4% - 17.3% 99.4%
2000 - - 18.1% 111.4%
1999 - - 17.5% 107.8%
1998 - - 17.1% 96.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 24.9% in Tajikistan, ranking 133/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Tajikistan
1x
Year Deficit/surplus, % of GDP
Belarus Tajikistan
2024 1.05% 0.28%
2023 0.76% -0.93%
2022 -1.98% -0.23%
2021 -0.22% -0.64%
2020 -2.87% -4.34%
2019 0.91% -2.04%
2018 1.8% -2.69%
2017 -0.34% -5.65%
2016 -1.66% -2.91%
2015 -2.96% -1.96%
2014 0.09% 0.92%
2013 -0.98% -0.73%
2012 0.36% 0.41%
2011 -2.81% 0.6%
2010 -4.19% -2.71%
2009 -7.23% -0.2%
2008 -10.9% 1.94%
2007 -7.82% 2.13%
2006 -7.71% 2%
2005 -6.71% -2.83%
2004 -7.06% -2.32%
2003 -6.74% -1.74%
2002 -7.81% -2.4%
2001 -4.74% -2.11%
2000 - -4.51%
1999 - -4.03%
1998 - -5.09%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Tajikistan ran a deficit in 17 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 1.17% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Belarus

Tajikistan
1x
Year Consumer prices inflation
Belarus Tajikistan
2024 5.7% 3.5%
2023 5% 3.7%
2022 15.2% 6.6%
2021 9.5% 9%
2020 5.5% 8.6%
2019 5.6% 7.8%
2018 4.9% 3.8%
2017 6% 7.3%
2016 11.8% 5.9%
2015 13.5% 5.8%
2014 18.1% 6.1%
2013 18.3% 5%
2012 59.2% 5.8%
2011 53.2% 12.4%
2010 7.7% 6.5%
2009 13% 6.4%
2008 14.8% 20.4%
2007 8.4% 13.2%
2006 7% 10%
2005 10.3% 7.3%
2004 18.1% 7.2%
2003 28.4% 16.4%
2002 42.6% 12.2%
2001 61.1% 38.6%
2000 168.6% 32.9%
1999 293.7% 27.5%
1998 73% 43.2%
1997 63.8% 88%

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

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

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 15% in Tajikistan. In 2024, inflation was 5.7% in Belarus and 3.5% in Tajikistan.

Top exports between countries

Belarus
Export category Export value
Transport & tourism services $10.6M
Processed food, beverages & tobacco $8.67M
Wood & paper products $5.7M
Raw materials & minerals $3.6M
Machinery & equipment $2.75M
Textiles & consumer goods $1.49M
Animal & marine products $1.48M
Metals $1.32M
Chemicals & pharma $908K
Raw agricultural goods $500K
Tajikistan
Export category Export value
Textiles & consumer goods $3.33M
Raw agricultural goods $1.32M
Animal & marine products $1.23M
Machinery & equipment $229K
Processed food, beverages & tobacco $68K
Wood & paper products $16K
Metals $5K
Raw materials & minerals $1K

Balance of trade

Belarus Tajikistan
Current account balance
-$1.94B
2024
$887M
2024
Current account balance ranking
142/190
2024
54/190
2024
Current account balance, % of GDP
-2.56%
2024
+6.24%
2024
Goods imports
$44.2B
2024
$5.94B
2024
Goods exports
$39.5B
2024
$1.42B
2024
Service imports
$6.82B
2024
$971M
2024
Service exports
$10.1B
2024
$195M
2024
Imports of goods and services, % of GDP
66.9%
2024
48.4%
2023
Exports of goods and services, % of GDP
65.1%
2024
17.2%
2023

Economic freedom indices

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

Belarus Tajikistan
Economic freedom 49.1 52.5
Economic freedom ranking 166/197 147/197
Property rights 20 28.4
Government integrity 28.3 18.5
Judicial effectiveness 11.5 10.1
Tax burden 93.5 94.2
Government spending 52.6 77
Fiscal health 96.8 98.6
Business freedom 50.3 60.6
Labor freedom 48 43.4
Monetary freedom 69 72.6
Trade freedom 69.2 72.2
Investment freedom 30 25
Financial freedom 20 30

Economic freedom comparison by year

Belarus
Tajikistan
1x
Year Economic freedom index
Belarus Tajikistan
2026 49.1 52.5
2025 48.9 51.5
2024 48.4 51.3
2023 51 50.6
2022 53 49.7
2021 61 55.2
2020 61.7 52.2
2019 57.9 55.6
2018 58.1 58.3
2017 58.6 58.2
2016 48.8 51.3
2015 49.8 52.7
2014 50.1 52
2013 48 53.4
2012 49 53.4
2011 47.9 53.5
2010 48.7 53
2009 45 54.6
2008 45.3 54.4
2007 47 53.6
2006 47.5 52.6
2005 46.7 50.4
2004 43.1 48.7
2003 39.7 46.5
2002 39 47.3
2001 38 46.8
2000 41.3 44.8
1999 35.4 41.2
1998 38 41.1
1997 39.8 -
1996 38.7 -
1995 40.4 -

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Tajikistan
Services, % of GDP
49.7%
2024
34.7%
2023
Industry, % of GDP
30.7%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
22.9%
2023
GNI, Atlas method
$75.4B
2024
$17.5B
2024
GNI per capita, PPP
$32,300
2024
$7,100
2024
Total reserves including gold
$8.91B
2024
$3.3B
2023
Total reserves ranking
82/177
2024
117/177
2023
Net foreign direct investment
-$1.57B
2024
-$190M
2024
Net inflows of foreign direct investment
$1.74B
2024
$291M
2024
Net outflows of foreign direct investment
$170M
2024
$101M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
3.07%
2024
Poverty at national poverty lines
3.9%
2022
19.8%
2024
Gross capital formation, % of GDP
25.8%
2024
31.7%
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/tajikistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, 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 (2021–2023, 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.