Belarus External Debt to GNI
External debt stocks as % of GNI DT.DOD.DECT.GN.ZS
Belarus's external debt to gni was 39.81% in 2025, ranked 59th globally. This represents a 13.7% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Belarus's external debt to gni stood at 39.81% in 2025, a decline of +6.33pp from 2024. Based on recent trends, this figure is projected to reach 39.81% by 2025. Belarus ranked 59th globally.
Belarus’ external debt to gross national income rose from a modest 5.94% in 1993 to an all‑time peak of 82.50% in 2016, before easing to 39.81% in 2025, a level that places the country 59th worldwide. The sharp escalation during the 2000s reflected expanded borrowing for infrastructure and energy projects, while the post‑2016 decline coincided with fiscal consolidation and a slowdown in external financing. Compared with peers of similar rank, Belarus’ 2025 ratio is marginally lower than Madagascar’s 40.93% and slightly above Kosovo’s 39.34%, suggesting a comparable debt burden within this group. The 33‑year coverage shows a long‑term upward trajectory punctuated by a pronounced trough in the early 1990s, after which debt has generally intensified. Future movements will depend on the balance between external credit inflows for modernization and the government’s capacity to generate surplus GNI, which could either sustain the recent moderation or trigger a renewed rise in the debt‑to‑GNI ratio.
Data & projection
| Year | External Debt to GNI | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 27.95% | - | - |
| 2026* trend | 33.88% | - | - |
| 2025* trend | 39.81% | - | - |
| 2025 | 39.81% | −6.33pp | #59 |
| 2024 | 46.15% | −6.29pp | #63 |
| 2023 | 52.44% | −3.96pp | #71 |
| 2022 | 56.39% | −5.67pp | #76 |
| 2021 | 62.06% | −8.92pp | #80 |
| 2020 | 70.98% | +5.81pp | #83 |
| 2019 | 65.17% | −1.83pp | #86 |
| 2018 | 67.00% | −8.15pp | #88 |
| 2017 | 75.16% | −7.35pp | #94 |
| 2016 | 82.50% | +11.73pp | #100 |
| 2015 | 70.77% | +18.43pp | #95 |
| 2014 | 52.34% | −1.96pp | #81 |
| 2013 | 54.30% | +1.74pp | #82 |
| 2012 | 52.57% | −2.99pp | #80 |
| 2011 | 55.55% | +4.88pp | #87 |
Detected Pattern
Analysis
Belarus matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw external debt to gni improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's external debt to gni was 39.81% in 2025. Ranked 59th globally. This represents a 13.7% decrease from the previous year.
Belarus's external debt to gni peaked at 82.50% in 2016.
The lowest external debt to gni in Belarus was 5.94% in 1993.
Belarus ranks 59th globally in external debt to gni as of 2025.
The World Bank indicator code is DT.DOD.DECT.GN.ZS. Data sourced from World Bank.
Belarus's external debt to gni is projected to reach 39.81% by 2025 based on trend extrapolation.
The external debt to gni of Belarus in 2025 was 39.81%. This ranks 59th in the world.
Cite this page
@misc{historysaid_belarus_external-debt-to-gni,
title = {Belarus External Debt to GNI},
url = {https://historysaid.com/belarus/external-debt-to-gni/},
publisher = {HistorySaid},
year = {2026}
}