Belarus: Net foreign assets (current LCU)

Key figures

What the numbers say

In 2021, Belarus' net foreign assets (current LCU) rose 2.01 billion on 2020 (from 9.4 billion to 11.41 billion).

Across the 26 yearly changes before that (1995 to 2020), the average change was +361.38 million and a typical year strayed about 2.23 billion from that (the standard deviation). This year's change was 0.7 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 7.17 billion in 2017 and the biggest yearly fall was 4.38 billion in 2013. 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 the straight-line trend is upward, about 1.65 billion a year. A straight line explains 65% 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.

Closest to Belarus in the 2021 ranking

• Russian Federation — 1st of 3: 53.65 trillion
• Chad — 3rd of 3: -347.79 billion

What this measures

Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. 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.

All 28 values

Net foreign assets (current LCU) in nearby economies

• Albania — 1.12 trillion (2025)
• Armenia — 305.82 billion (2025)
• Austria — 113.77 billion (2024)
• Azerbaijan — 25.43 billion (2025)
• Belgium — 180.33 billion (2024)
• Bosnia and Herzegovina — 23.03 billion (2025)
• Bulgaria — 46.19 billion (2024)
• Croatia — 21.73 billion (2024)
• Cyprus — 31.88 billion (2024)
• Czechia — 2.73 trillion (2024)
• Denmark

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 net foreign assets (current LCU)?

11.41 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is up 4.32 million% from 263,951 in 1994 (48.49% a year on average, compounded). The highest value was 11.88 billion in 2019 and the lowest -4.16 billion in 2015.

Is the latest change in net foreign assets (current LCU) unusual for Belarus?

In 2021, Belarus' net foreign assets (current LCU) rose 2.01 billion on 2020 (from 9.4 billion to 11.41 billion). Across the 26 yearly changes before that (1995 to 2020), the average change was +361.38 million and a typical year strayed about 2.23 billion from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FM.AST.NFRG.CN, 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.

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.