Inflation, GDP deflator: linked series in Belarus
Belarus: Inflation, GDP deflator: linked series was 10.9% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Belarus, 1991–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Belarus is 10.9%, measured in 2025.
Compared with earlier readings it is down 10.3% on the previous year and down 31.9% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Belarus peaked at 1,945.8% in 1994 and was at its lowest, 8.0%, in 2023.
That places Belarus 30th out of 212 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in Belarus, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | 110.4% | — |
| 1992 | 1,030.8% | +833.9% |
| 1993 | 1,058.7% | +2.7% |
| 1994 | 1,945.8% | +83.8% |
| 1995 | 661.5% | -66.0% |
| 1996 | 53.7% | -91.9% |
| 1997 | 71.6% | +33.4% |
| 1998 | 76.6% | +6.9% |
| 1999 | 316.8% | +313.7% |
| 2000 | 185.3% | -41.5% |
| 2001 | 79.5% | -57.1% |
| 2002 | 44.9% | -43.6% |
| 2003 | 30.7% | -31.6% |
| 2004 | 22.7% | -26.1% |
| 2005 | 19.0% | -16.3% |
| 2006 | 10.7% | -43.3% |
| 2007 | 12.9% | +19.8% |
| 2008 | 21.2% | +64.8% |
| 2009 | 9.3% | -56.4% |
| 2010 | 11.3% | +22.5% |
| 2011 | 70.8% | +524.0% |
| 2012 | 75.2% | +6.3% |
| 2013 | 21.3% | -71.7% |
| 2014 | 18.2% | -14.4% |
| 2015 | 16.0% | -11.9% |
| 2016 | 8.3% | -47.9% |
| 2017 | 8.6% | +3.4% |
| 2018 | 12.1% | +40.8% |
| 2019 | 8.6% | -29.3% |
| 2020 | 11.9% | +38.5% |
| 2021 | 15.3% | +29.0% |
| 2022 | 14.9% | -2.9% |
| 2023 | 8.0% | -45.9% |
| 2024 | 12.2% | +51.2% |
| 2025 | 10.9% | -10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 591.8% | 53.7% | 1,945.8% | 9 |
| 2000s | 43.6% | 9.3% | 185.3% | 10 |
| 2010s | 25.1% | 8.3% | 75.2% | 10 |
| 2020s | 12.2% | 8.0% | 15.3% | 6 |
Countries ranked near Belarus
- 27 Kyrgyzstan 12.4% compare
- 28 Sao Tome and Principe 11.9% compare
- 29 Uzbekistan 11.9% compare
- 31 Kazakhstan 9.6% compare
- 32 Burkina Faso 8.8% compare
- 33 Madagascar 8.4% compare
More financial sector data for Belarus
- Net domestic credit (current LCU), per capita 6,475 current LCU per person (2021)
- Net domestic credit (current LCU), per unit of GDP 0.8645 current LCU per US$ of GDP (2021)
- Net domestic credit (current LCU), annual growth rate 7.44 % change on previous year (2021)
- Gold reserves at 35 SDRs per ounce 60.68 million SDR (2025)
- Gold reserves at market value 5.53 billion SDR (2025)
- Reserves excluding gold, foreign exchange 4.05 billion SDR (2025)
- Reserves excluding gold 5.07 billion SDR (2025)
- Total reserves (gold at market value) 10.60 billion SDR (2025)
- Total reserves (gold at national valuation) 10.53 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,159 SDR per person (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Belarus?
- Inflation, gdp deflator: linked series in Belarus was 10.9% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Belarus?
- The highest recorded value was 1,945.8% in 1994.
- What is the lowest inflation, gdp deflator: linked series recorded in Belarus?
- The lowest recorded value was 8.0% in 2023.
- How does Belarus rank for inflation, gdp deflator: linked series?
- Belarus ranks 30th out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Belarus?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is volatile.
- Where does this Belarus data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.