Belarus: Domestic credit provided by financial sector (% of GDP)

Key figures

What the numbers say

In 2021, Belarus' domestic credit provided by financial sector (% of GDP) fell 4.21 percentage points on 2020 (from 44.94% to 40.72%).

Across the 13 yearly changes before that (2008 to 2020), the average change was +1.39 percentage points and a typical year strayed about 6.4 percentage points from that (the standard deviation). This year's change was 0.9 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 10.77 percentage points in 2010 and the biggest yearly fall was 12.97 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 11% 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.

What this measures

Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Limitations: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 15 values

Domestic credit provided by financial sector (% of GDP) in nearby economies

• Albania — 58.78% (2025)
• Armenia — 83.01% (2025)
• Azerbaijan — 21.95% (2025)
• Bosnia and Herzegovina — 57.84% (2025)
• Georgia — 75.71% (2025)
• Kazakhstan — 41.56% (2025)
• Kosovo — 68.92% (2025)
• Moldova — 36.31% (2025)
• North Macedonia — 79.44% (2025)

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

• 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 domestic credit provided by financial sector (% of GDP)?

40.72% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 13.89 percentage points from 26.84% in 2007. The highest value was 49.78% in 2015 and the lowest 26.84% in 2007.

Is the latest change in domestic credit provided by financial sector (% of GDP) unusual for Belarus?

In 2021, Belarus' domestic credit provided by financial sector (% of GDP) fell 4.21 percentage points on 2020 (from 44.94% to 40.72%). Across the 13 yearly changes before that (2008 to 2020), the average change was +1.39 percentage points and a typical year strayed about 6.4 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations below 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 FS.AST.DOMS.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.