Belarus: Central government debt, total (current LCU)

Key figures

What the numbers say

In 2019, Belarus' central government debt, total (current LCU) fell 1.3% on 2018 (from 45.38 billion to 44.79 billion).

Across the 23 yearly changes before that (1993 to 2018), the average change was +1,220.2% and a typical year strayed about 5,478.2% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 26,347.7% in 1994 and the biggest yearly fall was 1.3% in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2010 to 2019 the straight-line trend is upward, about 5.02 billion a year. A straight line explains 95% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 61.99 billion for 2022. We show this only because the same method, fitted on earlier years, predicted 2017 to 2019 better than "no change" would have: its average miss was 5.49 billion, against 7.15 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Belarus in the 2019 ranking

• Ethiopia — 1st of 5: 846.21 billion
• Mauritius — 2nd of 5: 296.83 billion
• Palau — 4th of 5: 240.22 million
• Marshall Islands — 5th of 5: 96.8 million

What this measures

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 26 values

Central government debt, total (current LCU) in nearby economies

• Albania — 1.26 trillion (2024)
• Bosnia and Herzegovina — 21.36 billion (2024)
• Georgia — 37.3 billion (2024)
• Hungary — 66.82 trillion (2024)
• Iceland — 3.5 trillion (2023)
• Kazakhstan — 24.95 trillion (2023)
• Kyrgyz Republic — 612.83 billion (2024)
• Moldova — 121.39 billion (2024)
• Russian Federation — 36.11 trillion (2024)
• San Marino

More public sector data for Belarus

• Military expenditure (current LCU) — 6.35 billion (2025)
• Military expenditure (% of GDP) — 2.4% (2025)
• Net incurrence of liabilities, total (current LCU) — 3.4 billion (2024)
• Net incurrence of liabilities, total (% of GDP) — 1.33% (2024)
• Net investment in nonfinancial assets (current LCU) — 4.76 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 1.87% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — 3.24 billion (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — 1.27% (2024)
• Grants and other revenue (current LCU) — 18.14 billion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Belarus's central government debt, total (current LCU)?

44.79 billion in 2019, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 1.89 billion% from 2,370 in 1992 (85.99% a year on average, compounded). The highest value was 45.38 billion in 2018 and the lowest 2,370 in 1992.

Is the latest change in central government debt, total (current LCU) unusual for Belarus?

Source

World Bank, World Development Indicators, indicator GC.DOD.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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