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Economy of Belarus vs Yemen compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $21.6B for Yemen, ranking 83/197 and 125/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Belarus vs Yemen GDP by year

Belarus
Yemen
1x
Year GDP, current $
Belarus Yemen
2024 $75,961,865,472 -
2023 $72,478,760,370 -
2022 $73,775,179,925 -
2021 $69,673,747,132 -
2020 $61,371,673,345 -
2019 $64,410,170,653 -
2018 $60,031,026,576 $21,606,160,663
2017 $54,725,405,751 $26,842,229,045
2016 $47,723,545,321 $31,317,825,274
2015 $56,454,769,845 $42,444,490,074
2014 $78,813,069,121 $43,228,585,321
2013 $75,527,558,966 $40,415,233,436
2012 $65,685,890,439 $35,401,331,610
2011 $61,762,382,328 $32,726,417,878
2010 $57,231,904,543 $30,906,749,533
2009 $50,873,167,326 $25,130,278,213
2008 $60,752,106,347 $26,910,855,807
2007 $45,275,711,996 $21,650,528,674
2006 $36,961,894,281 $19,063,143,370
2005 $30,210,091,837 $16,731,566,717
2004 $23,141,566,293 $13,867,634,371
2003 $17,825,444,724 $11,777,532,662
2002 $14,594,900,945 $10,693,430,511
2001 $12,354,820,144 $9,852,990,693
2000 $12,736,856,828 $9,679,316,770
1999 $12,138,486,532 $7,639,325,296
1998 $15,222,012,660 $6,322,175,566
1997 $14,128,408,566 $6,838,298,531
1996 $14,500,437,520 $6,496,163,616
1995 $13,972,683,274 $12,796,345,679
1994 $14,931,435,232 $28,019,483,764
1993 $16,275,073,527 $21,736,802,664
1992 $16,939,790,094 $17,959,367,194
1991 $18,404,907,975 $14,665,445,462
1990 $17,389,558,233 $12,643,821,569

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

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

GDP per capita in Belarus vs Yemen by year

Belarus
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 - -
2023 $7,897 $30,834 - -
2022 $7,995 $28,429 - -
2021 $7,490 $27,611 - -
2020 $6,543 $24,872 - -
2019 $6,838 $22,302 - -
2018 $6,360 $20,026 $634 -
2017 $5,786 $18,414 $811 -
2016 $5,040 $17,832 $975 -
2015 $5,967 $18,134 $1,362 -
2014 $8,341 $19,038 $1,430 -
2013 $7,998 $19,014 $1,379 $3,164
2012 $6,953 $18,115 $1,245 $3,005
2011 $6,528 $16,563 $1,186 $3,113
2010 $6,035 $15,339 $1,155 $3,603
2009 $5,352 $14,034 $969 $3,411
2008 $6,376 $13,886 $1,072 $3,370
2007 $4,735 $12,320 $890 $3,294
2006 $3,848 $10,995 $810 $3,205
2005 $3,126 $9,637 $734 $3,113
2004 $2,378 $8,483 $628 $2,949
2003 $1,820 $7,362 $549 $2,844
2002 $1,479 $6,697 $513 $2,768
2001 $1,244 $6,238 $487 $2,702
2000 $1,276 $5,796 $493 $2,624
1999 $1,211 $5,331 $401 $2,492
1998 $1,511 $5,061 $343 $2,442
1997 $1,396 $4,596 $383 $2,351
1996 $1,427 $4,039 $375 $2,268
1995 $1,371 $3,846 $764 $2,201
1994 $1,460 $4,190 $1,735 $2,115
1993 $1,590 $4,641 $1,397 $2,013
1992 $1,658 $4,917 $1,198 $1,963
1991 $1,805 $5,330 $1,016 $1,843
1990 $1,707 $5,220 $910 $1,742

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

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

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Yemen ranks 178th at $3,164.

Economic indicators

Belarus Yemen
Gross domestic product
$76B
2024
$21.6B
2018
GDP rank
83/197
2024
125/197
2018
GDP growth
4.01%
2023-2024
0.75%
2017-2018
GDP per capita
$8,318
2024
$634
2018
GDP per capita rank
92/197
2024
191/197
2018
GDP per capita, PPP
$33,010
2024
$3,164
2013
GDP per capita PPP rank
68/197
2024
178/197
2013
Government debt
$30.3B
2024
$18.8B
2018
Debt-to-GDP ratio
39.9%
2024
70.9%
2024
Government debt per person
$3,318
2024
$551
2018
Government debt per person rank
97/185
2024
165/185
2018
Average annual personal income after taxes
$7,345
2026
$1,127
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
29.4%
2014
Income share by poorest 10%
4.5%
2020
3%
2014
Government expenditure, % of GDP
40.9%
2024
8.91%
2024
Consumer prices inflation
5.7%
2023-2024
33.9%
2023-2024
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
13.5%
2014
Population
9013835
43325643

Spending and national debt comparison by year

Belarus
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Belarus Yemen
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 8.91% 70.9%
2023 40.3% 40.7% 11.8% 77.9%
2022 38% 40.8% 12.2% 65.3%
2021 36.7% 41.2% 8.22% 75.9%
2020 38% 47.5% 10.6% 87%
2019 37.4% 41% 13.2% 91.5%
2018 37.8% 47.5% 14.3% 86.9%
2017 39% 53.2% 8.39% 83.8%
2016 40.7% 53.5% 16.1% 76.5%
2015 41.8% 53% 19.4% 57.7%
2014 38.8% 38.8% 27.8% 48.9%
2013 40.8% 36.9% 30.8% 48.4%
2012 38.9% 36.9% 36.2% 47.6%
2011 40.3% 58.2% 29.8% 45.7%
2010 44.3% 36.8% 30.2% 42.4%
2009 51.7% 32.5% 35.2% 49.8%
2008 60% 20.3% 41.2% 36.4%
2007 49.2% 15.8% 40.3% 40.4%
2006 47.2% 12.3% 37.4% 40.8%
2005 45% 8.12% 36.8% 43.8%
2004 44% 9.22% 34.2% 52.1%
2003 43.5% - 35.3% 56.8%
2002 43.8% - 30.8% 57.8%
2001 42.4% - 30.5% 60.6%
2000 - - 31.7% 60.8%
1999 - - 28.2% 96.1%
1998 - - 34.3% 110.6%
1997 - - 34.2% 74.2%
1996 - - 30.7% 114.9%
1995 - - 24.1% 84.1%
1994 - - 25.2% 73.3%
1993 - - 25.8% 76.7%
1992 - - 24.6% 78%
1991 - - 24.7% 82.7%
1990 - - 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 70.9% in Yemen, ranking 133/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Yemen
1x
Year Deficit/surplus, % of GDP
Belarus Yemen
2024 1.05% -2.48%
2023 0.76% -5.63%
2022 -1.98% -2.15%
2021 -0.22% -0.89%
2020 -2.87% -4.3%
2019 0.91% -5.89%
2018 1.8% -7.85%
2017 -0.34% -4.9%
2016 -1.66% -8.51%
2015 -2.96% -8.75%
2014 0.09% -4.14%
2013 -0.98% -6.9%
2012 0.36% -6.32%
2011 -2.81% -4.51%
2010 -4.19% -4.06%
2009 -7.23% -10.2%
2008 -10.9% -4.53%
2007 -7.82% -7.18%
2006 -7.71% 1.19%
2005 -6.71% -1.82%
2004 -7.06% -2.15%
2003 -6.74% -4.2%
2002 -7.81% -0.56%
2001 -4.74% 2.79%
2000 - 6.09%
1999 - 0.06%
1998 - -7.77%
1997 - -1.5%
1996 - -0.92%
1995 - -5.74%
1994 - -14%
1993 - -12.8%
1992 - -10.9%
1991 - -5.76%
1990 - -10.3%

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

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

In 2018, Belarus' government surplus, the difference between spending and revenue, was $1.08B, equivalent to 1.8% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 18 years, Belarus recorded a fiscal deficit in 15 of those years, while Yemen ran a deficit in 16 years. On average, Belarus posted an annual deficit equal to 4.3% of GDP, compared to deficit of 4.59% of GDP for Yemen.

Inflation comparison by year

Inflation
Belarus

Yemen
1x
Year Consumer prices inflation
Belarus Yemen
2024 5.7% 33.9%
2023 5% 0.9%
2022 15.2% 29.5%
2021 9.5% 31.5%
2020 5.5% 21.7%
2019 5.6% 15.7%
2018 4.9% 33.6%
2017 6% 30.4%
2016 11.8% 21.3%
2015 13.5% 22%
2014 18.1% 8.2%
2013 18.3% 11%
2012 59.2% 9.9%
2011 53.2% 19.5%
2010 7.7% 11.2%
2009 13% 3.7%
2008 14.8% 19%
2007 8.4% 7.9%
2006 7% 10.8%
2005 10.3% 9.9%
2004 18.1% 12.5%
2003 28.4% 10.8%
2002 42.6% 12.2%
2001 61.1% 11.9%
2000 168.6% 11%
1999 293.7% 7.9%
1998 73% 11.5%
1997 63.8% 4.6%

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

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

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 15.5% in Yemen. In 2024, inflation was 5.7% in Belarus and 33.9% in Yemen.

Top exports between countries

Belarus
Export category Export value
Animal & marine products $1.46M
Transport & tourism services $689K
Processed food, beverages & tobacco $280K
Chemicals & pharma $126K
Machinery & equipment $32K
IT & IP services $17K
Business & finance services $9K
Government & miscellaneous services $4K
Yemen
Export category Export value

Balance of trade

Belarus Yemen
Current account balance
-$1.94B
2024
-$2.42B
2016
Current account balance ranking
142/190
2024
148/190
2016
Current account balance, % of GDP
-2.56%
2024
-7.72%
2016
Goods imports
$44.2B
2024
$6.8B
2016
Goods exports
$39.5B
2024
$473M
2016
Service imports
$6.82B
2024
$1.46B
2016
Service exports
$10.1B
2024
$466M
2016
Imports of goods and services, % of GDP
66.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
65.1%
2024
8.76%
2018

Economic freedom indices

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

Belarus Yemen
Economic freedom 49.1 53.7
Economic freedom ranking 166/197 138/197
Property rights 20 3.5
Government integrity 28.3 6.2
Judicial effectiveness 11.5 9.9
Tax burden 93.5 93.7
Government spending 52.6 0
Fiscal health 96.8 71.2
Business freedom 50.3 31.3
Labor freedom 48 31.2
Monetary freedom 69 48.1
Trade freedom 69.2 67.4
Investment freedom 30 50
Financial freedom 20 30

Economic freedom comparison by year

Belarus
Yemen
1x
Year Economic freedom index
Belarus Yemen
2026 49.1 -
2025 48.9 -
2024 48.4 -
2023 51 -
2022 53 -
2021 61 -
2020 61.7 -
2019 57.9 -
2018 58.1 -
2017 58.6 -
2016 48.8 -
2015 49.8 53.7
2014 50.1 55.5
2013 48 55.9
2012 49 55.3
2011 47.9 54.2
2010 48.7 54.4
2009 45 56.9
2008 45.3 53.8
2007 47 54.1
2006 47.5 52.6
2005 46.7 53.8
2004 43.1 50.5
2003 39.7 50.3
2002 39 48.6
2001 38 44.3
2000 41.3 44.5
1999 35.4 43.3
1998 38 46.1
1997 39.8 48.4
1996 38.7 49.6
1995 40.4 49.8

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

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Yemen
Services, % of GDP
49.7%
2024
41.8%
2018
Industry, % of GDP
30.7%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
28.7%
2018
GNI, Atlas method
$75.4B
2024
$25.3B
2018
GNI per capita, PPP
$32,300
2024
$3,020
2013
Total reserves including gold
$8.91B
2024
$1.25B
2022
Total reserves ranking
82/177
2024
139/177
2022
Net foreign direct investment
-$1.57B
2024
$15.4M
2015
Net inflows of foreign direct investment
$1.74B
2024
-$371M
2019
Net outflows of foreign direct investment
$170M
2024
$0
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
0.53%
2018
Poverty at national poverty lines
3.9%
2022
48.6%
2014
Gross capital formation, % of GDP
25.8%
2024
6.18%
2018

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/yemen | 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 (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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.