Belarus PESTLE Analysis & Macroeconomic Trends 麻豆原创 Research Report

Publication ID:

MRR0120001

Publication Date:

January 16, 2020

Pages:

Publisher:

麻豆原创 Research Reports, Inc

Countries:

Belarus [1]

USD 350.00

Business & Government [2]

Country PESTEL Analysis [3]

Description:

ICT, transport, travel and tourism, refined petroleum oils, crude petroleum oils, insurance and finance, cheese, beef, milk, fertilizers, tyres, automotive, furniture, machinery and textiles are major industries of Belarus. In 2017, Agriculture industry contributed 8.1% to GDP of Belarus. Manufacturing had a share of 40.8% while services industry had a share of 51.1% of GDP in 2017.

In 2017, Services industry exports was valued at USD 7.84 billion for Belarus. Electronics export accounted for USD 795 million, machinery for USD 1.74 billion, vehicals for USD 2.43 billion, chemicals for USD 4.91 billion, metals for USD 1.92 billion, minerals for USD 7.23 billion, stones for USD 561 million, textiles for USD 1.65 billion and agriculture for USD 5.85 billion in 2017.

Belarus, a landlocked country in Eastern Europe, is bordered by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. It has an area of 207,600 square kilometers and a population of about 9.5 million. Belarus is divided into six provinces, with Minsk as the capital. The official languages are Belarusian and Russian, and the currency is the Belarusian ruble (BYR).

Belarus will have estimated population of 9.41 million in the year 2019 and expected to decline and reach 9.117 million by 2024. Belarus鈥檚 unemployment rate is expected to be 0.768% of total labor force.

Belarus鈥檚 real gross domestic product (GDP) is expected to be around BYR 81.197 billions in 2019 whereas the nominal GDP is expected to be BYR 130.745 billion. This will result in GDP deflator 161.022. Per capita GDP is estimated to be at USD 6477.16 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 20820.20.

In 2019, Belarus government鈥檚 revenue is expected to be BYR 49.115 billion whereas the expenditure is expected to be BYR 51.687 billion. This will result in Belarus government鈥檚 net lending / borrowing negative at BYR 2.572 billion in 2019 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Belarus is estimated to be negative at USD 2.428 billion for the year 2019 and is expected to decline at a CAGR of 10.07% and reach USD 1.744 by 2024. This negative current account balance indicates the Belarus is a net borrower from the whole world.

Belarus is ranked 49 among 190 economies in the ease of doing business. The rank of Belarus deteriorated to 49 in 2019 from 37 in 2018. Ease of Doing Business in Belarus averaged 56.75 from 2008 until 2019, reaching an all-time high of 91 in 2010 and a record low of 37 in 2016.

Scope of Belarus 鈥� PESTLE Analysis and Macroeconomic Trends Report

This report provides information about key macroeconomic indicators for Belarus.
This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Belarus.

Table Of Contents:

1. Executive Summary

Scope of Belarus 鈥� PESTLE Analysis and Macroeconomic Trends Report

Research Methodology

2. Belarus - Country Overview

2.1 People Indicators

2.1.1 Population

2.1.2 Unemployment

2.2 National Accounts Indicators

2.2.1 Real Gross Domestic Product

2.2.2 Nominal Gross Domestic Product

2.2.3 Gross Domestic Product Deflator

2.2.4 Per Capita Gross Domestic Product

2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP

2.2.6 Total Investment / Gross Capital Formation

2.2.7 Gross National Savings

2.3 Monetary Indicators

2.3.1 Consumer Price Index (CPI) Inflation

2.4 Trade Indicators

2.4.1 Change in Import Volume of Goods & Services

2.4.2 Change in Export Volume of Goods & Services

2.5 Government Finance Indicators

2.5.1 Government Revenue

2.5.2 Government Expenditure

2.5.3 Government Net Lending / Borrowing

2.5.4 Government Gross Debt

2.6 Balance of Payment Indicators

2.6.1 Current Account Balance

2.7 Ease of Doing Business in Belarus

3. PESTLE Analysis of Belarus

3.1 Political Factors

3.2 Economic Factors

3.3 Social Factors

3.4 Technological Factors

3.5 Legal Factors

3.6 Environmental Factors

List of Exhibits

Notes

List of Exhibits

Exhibit 2.1 Population of Belarus (in millions)

Exhibit 2.2 Unemployment Level in Belarus (in %)

Exhibit 2.3 Real GDP of Belarus (in BYR billions)

Exhibit 2.4 Nominal GDP of Belarus (in BYR billions)

Exhibit 2.5 Nominal GDP of Belarus (in USD billions)

Exhibit 2.6 GDP Deflator Index for Belarus

Exhibit 2.7 Per Capita GDP of Belarus (in USD)

Exhibit 2.8 PPP Per Capita GDP of Belarus (in USD)

Exhibit 2.9 Total Investment of Belarus (in %)

Exhibit 2.10 Gross National Savings of Belarus (in %)

Exhibit 2.11 Consumer Price Index (CPI) Inflation of Belarus

Exhibit 2.12 Change in Import Volume of Goods & Services of Belarus (in %)

Exhibit 2.13 Change in Export Volume of Goods & Services of Belarus (in %)

Exhibit 2.14 Government Revenue of Belarus (in BYR billions)

Exhibit 2.15 Government Revenue of Belarus (in % of GDP)

Exhibit 2.16 Government Expenditure of Belarus (in BYR billions)

Exhibit 2.17 Government Expenditure of Belarus (in % of GDP)

Exhibit 2.18 Government Net Lending / Borrowing of Belarus (in BYR billions)

Exhibit 2.19 Government Net Lending / Borrowing of Belarus (in % of GDP)

Exhibit 2.20 Government Gross Debt of Belarus (in BYR billions)

Exhibit 2.21 Government Gross Debt of Belarus (in % of GDP)

Exhibit 2.22 Current Account Balance of Belarus (in USD billions)

Exhibit 2.23 Current Account Balance of Belarus (in % of GDP)

Exhibit 2.24 Belarus - Ease of Doing Business Ranking from 2008-2019

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