Belarus Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Belarus's government debt to gdp was 35.78% in 2025, ranked 138th globally. This represents a 10.3% decrease from 2024. Data from IMF WEO, covering 2004–2025.
Overview
Belarus's government debt to gdp stood at 35.78% in 2025, a decline of +4.11% from 2024. The IMF projects 35.78% by 2025. Belarus ranked 138th globally.
Belarus' government debt to GDP ratio has experienced significant fluctuations over the past two decades, with the all-time peak occurring in 2011 at 58.22% and the all-time trough in 2005 at 8.12%. Since then, the ratio has been trending upwards, albeit at a slower pace, reaching a value of 35.78% in 2025. This places Belarus at the 138th position globally, closely trailed by countries like Nigeria at 36.38% and Iran, Islamic Republic of at 35.58%. The recent stabilization of the ratio suggests a relative improvement in Belarus' fiscal management, although it still lags behind its peers. The country's high debt burden is likely to remain a concern, particularly given the ongoing global economic uncertainty. A notable change in the trajectory could occur if Belarus successfully implements its planned economic reforms, which aim to enhance its business environment and stimulate growth, potentially leading to a reduction in the debt-to-GDP ratio.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 33.11% | - | - |
| 2029* IMF | 33.70% | - | - |
| 2028* IMF | 34.34% | - | - |
| 2027* IMF | 35.20% | - | - |
| 2026* IMF | 36.74% | - | - |
| 2025* IMF | 35.78% | - | - |
| 2025 | 35.78% | −4.11% | #138 |
| 2024 | 39.89% | −0.84% | #55 |
| 2023 | 40.72% | −0.12% | #55 |
| 2022 | 40.84% | −0.34% | #57 |
| 2021 | 41.18% | −6.31% | #48 |
| 2020 | 47.49% | +6.49% | #68 |
| 2019 | 41.00% | −6.52% | #69 |
| 2018 | 47.52% | −5.65% | #90 |
| 2017 | 53.16% | −0.32% | #108 |
| 2016 | 53.48% | +0.48% | #111 |
| 2015 | 53.01% | +14.22% | #118 |
| 2014 | 38.79% | +1.93% | #88 |
| 2013 | 36.86% | −0.09% | #87 |
| 2012 | 36.95% | −21.28% | #95 |
| 2011 | 58.22% | +21.42% | #142 |
Detected Pattern
Analysis
Belarus matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's government debt to gdp was 35.78% in 2025. Ranked 138th globally. This represents a 10.3% decrease from the previous year.
Belarus's government debt to gdp peaked at 58.22% in 2011.
The lowest government debt to gdp in Belarus was 8.12% in 2005.
Belarus ranks 138th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Belarus's government debt to gdp is projected to reach 35.78% by 2025 based on IMF projection.
The government debt to gdp of Belarus in 2025 was 35.78%. This ranks 138th in the world.
Cite this page
@misc{historysaid_belarus_government-debt-to-gdp,
title = {Belarus Government Debt to GDP},
url = {https://historysaid.com/belarus/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}