Content

SEND US FEEDBACK


We're always looking for ways to make Geoba.se better. Have an idea? See something that needs fixing? Let us know!

Belarus: The Economy
Country Study > Chapter 6 > The Economy

THE ECONOMY


Belarus is a graphic example of the problems created when an industrial "colony" becomes independent. The Belorussian SSR had imported the bulk of its raw materials, components, and energy from the Soviet Union and exported most of what it produced (much of it for the military-industrial complex) back to the Soviet Union. The country's economy, which had been integrated into that of the Soviet Union, found itself deprived of most of the essential components it needed to function independently when the Soviet system collapsed.

Independent Belarus's economy, like that of the Belorussian SSR, still relies on inefficient, state-supported, industrial facilities, which are increasingly hampered by their need for fuels whose prices are gradually reaching world levels which was worse than in the two previous years; this decline was felt across the board. Agriculture now accounted for 36 percent of NMP, industry for 44 percent, transportation and communications for 3 percent, construction for 12 percent, and the remaining sectors for 5 percent.

Data as of June 1995




Last Updated: June 1995


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Belarus was first published in 1995. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

Belarus Main Page Country Studies Main Page




Section 34 of 81






IMAGES


Click any image to enlarge.


National Flag



(p.) Belarus Ruble (BYR)
Convert to Any Currency



Map



Locator Map