Belarus's claims on central government (annual growth as % of broad money) was 5.17% in 2021, the latest year in the World Bank's World Development Indicators. That is up 88.07 percentage points from -82.9% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.17% | 2021 |
| Five years earlier | -1.73% | 2016 |
| Ten years earlier | -82.9% | 2011 |
| Highest | 63.49% | 1998 |
| Lowest | -82.9% | 2011 |
| Average since 2012 | -0.58% | 2012–2021 |
| First recorded | 44.73% | 1995 |
What the numbers say
In 2021, Belarus' claims on central government (annual growth as % of broad money) rose 9.38 percentage points on 2020 (from -4.22% to 5.17%).
Across the 25 yearly changes before that (1996 to 2020), the average change was −1.96 percentage points and a typical year strayed about 32.34 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above 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 83.39 percentage points in 2012 and the biggest yearly fall was 78.17 percentage points in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Belarus in the 2021 ranking
- Micronesia, Fed. Sts. — 1st of 6: 156.41%
- Sudan — 2nd of 6: 21.19%
- Chad — 3rd of 6: 17.46%
- Russian Federation — 5th of 6: -1.84%
- Lesotho — 6th of 6: -3.5%
What this measures
Claims on central government include loans to central government institutions net of deposits. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.
Limitations: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period.
All 27 values
| Year | Claims on central government (annual growth as % of broad money) |
|---|---|
| 2021 | 5.17 |
| 2020 | -4.22 |
| 2019 | -4.68 |
| 2018 | -5.18 |
| 2017 | -15.68 |
| 2016 | -1.73 |
| 2015 | 7.91 |
| 2014 | 4.35 |
| 2013 | 7.73 |
| 2012 | 0.4873 |
| 2011 |
Claims on central government (annual growth as % of broad money) in nearby economies
- Albania — 1.17% (2025)
- Armenia — -0.32% (2025)
- Azerbaijan — 8.4% (2025)
- Bosnia and Herzegovina — 2.17% (2025)
- Bulgaria — 2.86% (2024)
- Czechia — 3.46% (2024)
- Denmark — -2.83% (2024)
- Georgia — 1.17% (2025)
- Hungary
More financial sector data for Belarus
- GDP deflator (base year varies by country) — 134.42 (2025)
- GDP deflator, linked series (base year varies by country) — 134.42 (2025)
- DEC alternative conversion factor (LCU per US$) — US$3.07 (2025)
- Inflation, GDP deflator (annual % growth) — 10.92% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 10.92% (2025)
- Consumer price index (2010 = 100) — 801.16 (2025)
- Lending interest rate (%) — 10.95% (2025)
- Real interest rate (%) — 0.03% (2025)
- Inflation, consumer prices (annual % growth) — 6.6% (2025)
- Deposit interest rate (%)
Reading data like this
Questions people ask
- What is Belarus's claims on central government (annual growth as % of broad money)?
- 5.17% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 39.56 percentage points from 44.73% in 1995. The highest value was 63.49% in 1998 and the lowest -82.9% in 2011.
- Is the latest change in claims on central government (annual growth as % of broad money) unusual for Belarus?
- In 2021, Belarus' claims on central government (annual growth as % of broad money) rose 9.38 percentage points on 2020 (from -4.22% to 5.17%). Across the 25 yearly changes before that (1996 to 2020), the average change was −1.96 percentage points and a typical year strayed about 32.34 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.AST.CGOV.ZG.M3, licensed CC BY 4.0. Original source: International Financial Statistics database, 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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