Belarus

The Chernobyl nuclear disaster in Ukraine in 1986 has had lasting effects on the environment and on the health of Belarusians. The majority of employees are employed by the state.

Economic Strengths

Low unemployment combined with relative stability. Potential of forestry and agriculture. Inflation, though high, is decreasing.

Economic Weaknesses

Little structural reform since 1995; support for outmoded businesses. Restrictive economic policies. Few natural resources. Dependence on Russia for energy and raw materials. Cleanup costs of Chernobyl. High inflation.

Population Capital city
9,685,768 Minsk
Currency World GNP Ranking
Belarussian rouble 62
GNP per Capita ($) Inflation
10200 8.3%
Unemployment Tourism visitors per year (thousands)
1.6% 5289.44

 

Source: Knight Frank Residential Research as at Dec 2007