What Do You Know About The Economy Of Belarus?

Minsk is the capital city of the Belarus.  Their economy is constant and steady under the supervision of soviet model. It makes the appearance of USSR good than other countries of the world. Agriculture sector has growth in the economy. The ratio of the 82 percent is contributed by the agriculture.  There are few private companies because major industries are hold by the government itself. The production is 60 percent in the industries. The foreign investments for the company are very less due to strong economic growth in the country.

The rate of inflation is very high in the country. Due to high inflation rate the poverty is increasing in the country. The rate of inflation was 160 percent till the year 2000. The balance of trade is in constant deficit due to many internal problems. There is a shortage in the markets of consumer goods. Belarus is at the number three in the production of machines, construction materials, chemicals and electronics goods. The agriculture wood constitutes 15 percent to the Gross Domestic Product. The economy of Belarus is mainly depends on the trade with the Russia. Major import and export is carried by the Russia. So the support of the Russia is very important for the economy of Belarus.