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Economy of Belarus vs Uruguay compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $85.3B for Uruguay, ranking 80/197 and 84/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Belarus vs Uruguay GDP by year

Belarus
Uruguay
1x
Year GDP, current $
Belarus Uruguay
2025 $93,397,215,864 $85,347,696,278
2024 $78,591,839,300 $82,322,859,144
2023 $72,478,760,370 $79,208,725,900
2022 $73,775,179,925 $71,240,669,088
2021 $69,673,747,132 $60,739,061,281
2020 $61,371,673,345 $53,559,354,501
2019 $64,410,170,653 $62,222,324,965
2018 $60,031,026,576 $65,344,577,416
2017 $54,725,405,751 $65,006,039,810
2016 $47,723,545,321 $57,480,787,465
2015 $56,454,769,845 $57,680,327,999
2014 $78,813,069,121 $61,496,186,974
2013 $75,527,558,966 $61,337,621,934
2012 $65,685,890,439 $54,232,266,359
2011 $61,762,382,328 $50,342,406,067
2010 $57,231,904,543 $41,950,361,212
2009 $50,873,167,326 $32,708,319,078
2008 $60,752,106,347 $31,119,602,539
2007 $45,275,711,996 $23,797,773,024
2006 $36,961,894,281 $19,741,420,740
2005 $30,210,091,837 $17,362,857,684
2004 $23,141,566,293 $13,686,329,890
2003 $17,825,444,724 $12,045,638,352
2002 $14,594,900,945 $13,606,515,723
2001 $12,354,820,144 $20,898,761,742
2000 $12,736,856,828 $22,823,270,892
1999 $12,138,486,532 $23,983,945,191
1998 $15,222,012,660 $25,385,886,978
1997 $14,128,408,566 $23,969,739,234
1996 $14,500,437,520 $20,515,458,114
1995 $13,972,683,274 $19,297,663,097
1994 $14,931,435,232 $17,474,588,896
1993 $16,275,073,527 $15,002,136,971
1992 $16,939,790,094 $12,878,148,791
1991 $18,404,907,975 $11,206,176,651
1990 $17,389,558,233 $9,298,807,850
1989 - $8,438,951,476
1988 - $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Belarus vs Uruguay by year

Belarus
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $25,216 -
2024 $8,606 $33,010 $24,308 $36,418
2023 $7,897 $30,834 $23,379 $34,471
2022 $7,995 $28,429 $21,009 $33,001
2021 $7,490 $27,611 $17,882 $29,432
2020 $6,543 $24,872 $15,758 $25,725
2019 $6,838 $22,302 $18,316 $25,783
2018 $6,360 $20,026 $19,250 $24,386
2017 $5,786 $18,414 $19,185 $23,607
2016 $5,040 $17,832 $17,010 $22,841
2015 $5,967 $18,134 $17,126 $22,169
2014 $8,341 $19,038 $18,322 $21,868
2013 $7,998 $19,014 $18,335 $20,661
2012 $6,953 $18,115 $16,260 $19,495
2011 $6,528 $16,563 $15,132 $19,135
2010 $6,035 $15,339 $12,641 $17,873
2009 $5,352 $14,034 $9,881 $16,422
2008 $6,376 $13,886 $9,424 $15,694
2007 $4,735 $12,320 $7,222 $14,397
2006 $3,848 $10,995 $6,001 $13,179
2005 $3,126 $9,637 $5,284 $12,296
2004 $2,378 $8,483 $4,169 $11,103
2003 $1,820 $7,362 $3,671 $10,303
2002 $1,479 $6,697 $4,150 $10,030
2001 $1,244 $6,238 $6,383 $10,719
2000 $1,276 $5,796 $6,988 $10,929
1999 $1,211 $5,331 $7,371 $10,938
1998 $1,511 $5,061 $7,837 $11,002
1997 $1,396 $4,596 $7,436 $10,461
1996 $1,427 $4,039 $6,398 $9,524
1995 $1,371 $3,846 $6,050 $8,906
1994 $1,460 $4,190 $5,508 $8,897
1993 $1,590 $4,641 $4,753 $8,162
1992 $1,658 $4,917 $4,102 $7,808
1991 $1,805 $5,330 $3,589 $7,112
1990 $1,707 $5,220 $2,995 $6,683
1989 - - $2,734 -
1988 - - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Uruguay ranks 61st at $36,418.

Economic indicators

Belarus Uruguay
Gross domestic product
$93.4B
2025
$85.3B
2025
GDP rank
80/197
2025
84/197
2025
GDP growth
1.3%
2024-2025
1.78%
2024-2025
GDP per capita
$10,279
2025
$25,216
2025
GDP per capita rank
88/197
2025
54/197
2025
GDP per capita, PPP
$33,010
2024
$36,418
2024
GDP per capita PPP rank
68/197
2024
61/197
2024
Government debt
$30.9B
2025
$56B
2025
Debt-to-GDP ratio
33.1%
2025
65.7%
2025
Government debt per person
$3,399
2025
$16,559
2025
Government debt per person rank
98/185
2025
41/185
2025
Average annual personal income after taxes
$8,062
2026
$14,046
2026
Market capitalization of domestic companies
$5.54B
2025
$284M
1996
Income share by richest 10%
20.7%
2020
30%
2024
Income share by poorest 10%
4.5%
2020
2.2%
2024
Government expenditure, % of GDP
41.3%
2025
31.5%
2025
Consumer prices inflation
6.6%
2024-2025
4.65%
2024-2025
Central bank interest rate
9.25%
2026
5.75%
2026
Unemployment rate
3.04%
2024
8.21%
2024
Population
9025821
3382672

Spending and national debt comparison by year

Belarus
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Belarus Uruguay
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 31.5% 65.7%
2024 40.8% 38.7% 30.6% 67.6%
2023 40.3% 40.7% 30.1% 63%
2022 38% 40.8% 29.7% 59.4%
2021 36.7% 41.2% 30.2% 64.1%
2020 38% 47.5% 32.8% 68.2%
2019 37.4% 41% 30.6% 59.6%
2018 37.8% 47.5% 30.3% 57.9%
2017 39% 53.2% 29.7% 55.8%
2016 40.7% 53.5% 29.7% 56.4%
2015 41.8% 53% 28.4% 57.8%
2014 38.8% 38.8% 29.1% 51.1%
2013 40.8% 36.9% 28.8% 50%
2012 38.9% 36.9% 27.7% 49.8%
2011 40.3% 58.2% 26.3% 41.3%
2010 44.3% 36.8% 27.4% 40.9%
2009 51.7% 32.5% 27.2% 46.2%
2008 60% 20.3% 26.3% 46.2%
2007 49.2% 15.8% 26.8% 52.8%
2006 47.2% 12.3% 26.8% 61.1%
2005 45% 8.12% 26.3% 66.2%
2004 44% 9.22% 26.6% 73.7%
2003 43.5% - 27.7% 91.9%
2002 43.8% - 27.6% 90.1%
2001 42.4% - 27.8% 39.4%
2000 - - 26.6% 30.5%
1999 - - 27.2% 24.1%
1998 - - 27.3% 19.4%
1997 - - 27.6% 18.8%
1996 - - 26.5% 18.3%
1995 - - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 65.7% in Uruguay, ranking 148/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Uruguay
1x
Year Deficit/surplus, % of GDP
Belarus Uruguay
2025 0.15% -3.36%
2024 0.54% -3.16%
2023 0.76% -3.09%
2022 -1.98% -2.5%
2021 -0.22% -2.61%
2020 -2.87% -4.64%
2019 0.91% -2.71%
2018 1.8% -1.89%
2017 -0.34% -2.51%
2016 -1.66% -2.68%
2015 -2.96% -1.86%
2014 0.09% -2.6%
2013 -0.98% -1.72%
2012 0.36% -2.17%
2011 -2.81% -0.33%
2010 -4.19% -0.39%
2009 -7.23% -1.39%
2008 -10.9% -1.31%
2007 -7.82% -0.16%
2006 -7.71% -0.64%
2005 -6.71% -0.28%
2004 -7.06% -0.87%
2003 -6.74% -2.19%
2002 -7.81% -3.19%
2001 -4.74% -2.85%
2000 - -2.76%
1999 - -2.76%
1998 - -0.76%
1997 - -0.97%
1996 - -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Uruguay ran a deficit in 25 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 2.04% of GDP for Uruguay.

Inflation comparison by year

Inflation
Belarus

Uruguay
1x
Year Consumer prices inflation
Belarus Uruguay
2025 6.6% 4.65%
2024 5.7% 4.85%
2023 5% 5.87%
2022 15.2% 9.1%
2021 9.5% 7.75%
2020 5.5% 9.76%
2019 5.6% 7.88%
2018 4.9% 7.61%
2017 6% 6.22%
2016 11.8% 9.64%
2015 13.5% 8.67%
2014 18.1% 8.88%
2013 18.3% 8.58%
2012 59.2% 8.1%
2011 53.2% 8.09%
2010 7.7% 6.7%
2009 13% 7.06%
2008 14.8% 7.88%
2007 8.4% 8.11%
2006 7% 6.4%
2005 10.3% 4.7%
2004 18.1% 9.16%
2003 28.4% 19.4%
2002 42.6% 14%
2001 61.1% 4.36%
2000 168.6% 4.76%
1999 293.7% 5.66%
1998 73% 10.8%
1997 63.8% 19.8%

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

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

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 8.43% in Uruguay. In 2025, inflation was 6.6% in Belarus and 4.65% in Uruguay.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $20.4M
Wood & paper products $240K
Textiles & consumer goods $64K
Processed food, beverages & tobacco $16K
Raw agricultural goods $7K
Machinery & equipment $1K
Uruguay
Export category Export value
Processed food, beverages & tobacco $1.77M
Chemicals & pharma $372K
Animal & marine products $344K
Raw agricultural goods $39K

Balance of trade

Belarus Uruguay
Current account balance
-$1.82B
2025
-$374M
2025
Current account balance ranking
137/190
2025
100/190
2025
Current account balance, % of GDP
-1.94%
2025
-0.44%
2025
Goods imports
$46B
2025
$13.6B
2025
Goods exports
$40B
2025
$16.1B
2025
Service imports
$7.55B
2025
$5.96B
2025
Service exports
$11.7B
2025
$7.39B
2025
Imports of goods and services, % of GDP
57%
2025
22.6%
2025
Exports of goods and services, % of GDP
55.1%
2025
27.1%
2025

Economic freedom indices

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

Belarus Uruguay
Economic freedom 49.1 69.8
Economic freedom ranking 166/197 39/197
Property rights 20 87.4
Government integrity 28.3 79
Judicial effectiveness 11.5 80.9
Tax burden 93.5 73.3
Government spending 52.6 72
Fiscal health 96.8 76.6
Business freedom 50.3 83.8
Labor freedom 48 61.7
Monetary freedom 69 70.2
Trade freedom 69.2 73.2
Investment freedom 30 50
Financial freedom 20 30

Economic freedom comparison by year

Belarus
Uruguay
1x
Year Economic freedom index
Belarus Uruguay
2026 49.1 69.8
2025 48.9 70.2
2024 48.4 69.8
2023 51 70.2
2022 53 70
2021 61 69.3
2020 61.7 69.1
2019 57.9 68.6
2018 58.1 69.2
2017 58.6 69.7
2016 48.8 68.8
2015 49.8 68.6
2014 50.1 69.3
2013 48 69.7
2012 49 69.9
2011 47.9 70
2010 48.7 69.8
2009 45 69.1
2008 45.3 67.9
2007 47 68.4
2006 47.5 65.3
2005 46.7 66.9
2004 43.1 66.7
2003 39.7 69.8
2002 39 68.7
2001 38 70.7
2000 41.3 69.3
1999 35.4 68.5
1998 38 68.6
1997 39.8 67.5
1996 38.7 63.7
1995 40.4 62.5

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Uruguay
Services, % of GDP
50%
2025
65.2%
2025
Industry, % of GDP
31.6%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
6.38%
2025
GNI, Atlas method
$83.3B
2025
$81.3B
2025
GNI per capita, PPP
$34,310
2025
$36,330
2025
Total reserves including gold
$14.5B
2025
$19B
2025
Total reserves ranking
72/177
2025
67/177
2025
Net foreign direct investment
-$1.43B
2025
-$457M
2025
Net inflows of foreign direct investment
$1.74B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$170M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
n/a
Poverty at national poverty lines
3.5%
2024
17.3%
2024
Gross capital formation, % of GDP
27.1%
2025
16.2%
2025

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/uruguay | 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 (1999–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.