Belarus External Debt
Total external debt stocks DT.DOD.DECT.CD
Belarus's external debt was $32.9B in 2025, ranked 39th globally. This represents a 4.0% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Belarus's external debt stood at $32.9B in 2025, a decline of +$1.4B from 2024. Based on recent trends, this figure is projected to reach $32.9B by 2025. Belarus ranked 39th globally.
Belarus's external debt has fluctuated significantly over the past 33 years, with the latest figure standing at 32,850,394,411.05. The country's debt peaked in 2020 at 41,792,363,746.10, marking a substantial increase from its trough in 1993, when it was 968,283,686.20. In comparison to its peers, Belarus's external debt is higher than that of Paraguay, which stands at 31,607,042,669.06, but lower than Mongolia's 38,123,044,082.98. Belarus ranks 39th globally in terms of external debt. The country's debt has been trending downward since its peak in 2020. As the global economic landscape continues to evolve, a shift in trade policies or a change in global interest rates could alter the trajectory of Belarus's external debt.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $28.8B | - | - |
| 2026* trend | $30.8B | - | - |
| 2025* trend | $32.9B | - | - |
| 2025 | $32.9B | −$1.4B | #39 |
| 2024 | $34.2B | −$2.6B | #81 |
| 2023 | $36.8B | −$3.1B | #85 |
| 2022 | $39.9B | −$1.8B | #86 |
| 2021 | $41.7B | −$138.7M | #87 |
| 2020 | $41.8B | +$1.1B | #92 |
| 2019 | $40.7B | +$2.0B | #94 |
| 2018 | $38.8B | −$816.7M | #93 |
| 2017 | $39.6B | +$2.1B | #93 |
| 2016 | $37.5B | −$742.0M | #94 |
| 2015 | $38.3B | −$1.8B | #94 |
| 2014 | $40.0B | +$440.4M | #94 |
| 2013 | $39.6B | +$5.8B | #96 |
| 2012 | $33.8B | −$176.8M | #93 |
| 2011 | $33.9B | +$5.5B | #95 |
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 improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's external debt was $32.9B in 2025. Ranked 39th globally. This represents a 4.0% decrease from the previous year.
Belarus's external debt peaked at $41.8B in 2020.
The lowest external debt in Belarus was $968.3M in 1993.
Belarus ranks 39th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Belarus's external debt is projected to reach $32.9B by 2025 based on trend extrapolation.
Belarus's external debt was approximately 32.85 billion ($32.9B) in 2025.
The external debt of Belarus in 2025 was $32.9B. This ranks 39th in the world.
Cite this page
@misc{historysaid_belarus_external-debt,
title = {Belarus External Debt},
url = {https://historysaid.com/belarus/external-debt/},
publisher = {HistorySaid},
year = {2026}
}