Country risk rating

D4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 63bn (World ranking 77, World Bank 2019)
Population 9.5mn (World ranking 94, World Bank 2019)
Form of state Presidential republic
Head of state Alexander Lukashenko (President)
Next elections 2023, legislative
  • Well-educated and relatively cheap workforce
  • Member of the Eurasian Economic Union, providing access to the Russian and Kazakh markets
  • Fiscal deficit has been in moderate over the last few years
  • Business-unfriendly, Soviet-style political and eco¬no¬mic system. Hardly reform progress
  • International isolation. U.S. and EU sanctions
  • High economic dependence on Russia, especially on energy and financial support
  • Exchange rate volatility and vulnerability to sudden, sharp depreciation
  • Persistently low level of foreign exchange reserves (less than two months of import cover)
  • High external debt
  • Highly sensitive to commodity prices
  • Generally weak business environment
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