Country Report Belarus December 1998 Main report

Economic structure.

Economic structure Latest available figures Economic indicators 1993 1994 1995 1996 1997 GDP at market prices (BRb bn) 986 17,815 119,813 184,174 351,043 GDP at exchange rate ($ m) 312 3,830 10,407 13,778 13,383 GDP at purchasing power parity(a) ($ bn) 43.8 39.2 36.1 37.9 42.5 Real GDP growth (%) -10.6 -12.6 -10.1 2.6 10.0 Consumer price inflation (av; %) 1,190 2,221 709 53 64 Population (mid-year; m) 10.36 10.31 10.28 10.25 10.22 Exports fob ($ m) 1,864 2,510 4,689 5,790 7,383 Imports fob ($ m) 2,428 3,066 5,466 6,939 8,718 Current-account balance ($ m) -404 -506 -567 -516 -799 State budget balance (% of GDP) -5.6 -3.6 -2.8 -2.0 -2.1 Reserves excl gold ($ m) n/a 101.0 377.0 469.2 393.7 Foreign debt ($ m) 969 1,273 1,667 1,157 1,082(a) Exchange rate (official; av; BRb:$) 3,160 4,652 11,513 13,368 26,205 Exchange rate (av; BRb:Rb) 3.39 2.12 2.53 2.61 4.53 November 28th 1998 BRb78,000:$1 (official); BRb210,000:$1 (Kiev exchange booths) Origins of gross domestic product 1996 % of total Agriculture & forestry 15.9 Industry 35.3 Construction 5.5 Housing & public utilities 4.0 Services 39.3 Total 100.0 Components of gross domestic product 1997 % of total Private consumption 59.1 Public consumption 19.3 Gross fixed capital formation 24.7 Increase in stocks 1.0 Net exports of goods & services -4.1 GDP 100.0 Principal exports 1997 % of total Principal imports 1997 % of total Machinery & equipment 31.2 Mineral products 27.5 Chemicals 11.5 Machinery & equipment 20.0 Textiles 11.3 Metals 12.5 Food & food products 8.6 Food products 12.9 Mineral products 8.2 Chemicals 10.4 Metals 9.2 Plastic & rubber 5.5 Main destinations of exports % of Main origins of imports % of 1997 total 1997 total CIS 73.1 CIS 66.8 of which: of which: Russia 64.7 Russia 53.6 Ukraine 6.0 Ukraine 11.2 Non-CIS 26.9 Non-CIS 33.2 of which: of which: Poland 3.4 Germany 8.0 Germany 3.0 Poland 2.9 Lithuania 1.9 Lithuania 2.2 (a) EIU estimate.

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