Belarus

Country risk rating

HIGH RISK for entreprise

Swipe to view more

GDP	USD 60.3bn (World ranking 78, World Bank 2020)
Population	9.4mn (World ranking 95, World Bank 2020)
Form of state	Presidential republic
Head of state	Alexander Lukashenko (President)
Next elections	2023, legislative

Well-educated and relatively cheap workforce
Member of the Eurasian Economic Union, providing access to the Russian and Kazakh markets
Fiscal deficit has been in moderate over the last few years

Business-unfriendly, Soviet-style political and eco¬no¬mic system. Hardly reform progress
International isolation. U.S. and EU sanctions
High economic dependence on Russia, especially on energy and financial support
Exchange rate volatility and vulnerability to sudden, sharp depreciation
Persistently low level of foreign exchange reserves (less than two months of import cover)
High external debt
Highly sensitive to commodity prices
Generally weak business environment