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Main Indicators of the Balance of Payments of the Republic of Belarus 2011
USD mln
Indicators20102011
Q1Q2Q3Q4Q1Q2Q3Q4
1. Current account
Current account, balance-1 175.4-1 960.6-2 008.8-3 132.9-3 386.5-1 106.951.7-1 333.0
as percent of GDP-10.9%-15.5%-12.4%-20.2%-24.4%-8.0%0.3%-11.2%
Goods and services, balance-671.3-1 774.7-1 914.4-3 094.2-2 111.9-245.01 100.3-381.5
as percent of GDP-6.2%-14.0%-11.8%-20.0%-15.2%-1.8%7.3%-3.2%
Exports of goods and services6 300.47 085.57 560.08 960.29 207.612 241.712 747.912 473.2
as percent of GDP58.5%55.9%46.8%57.9%66.3%88.3%84.9%104.9%
Imports of goods and services-6 971.7-8 860.2-9 474.4-12 054.4-11 319.5-12 486.7-11 647.6-12 854.7
as percent of GDP-64.7%-69.9%-58.6%-77.9%-81.5%-90.1%-77.6%-108.1%
Income, balance-563.9-237.8-207.1-154.0-973.2-174.5-247.9-162.1
as percent of GDP-5.2%-1.9%-1.3%-1.0%-7.0%-1.3%-1.7%-1.4%
Current transfers, balance59.851.9112.7115.3-301.4-687.4-800.7-789.4
as percent of GDP0.6%0.4%0.7%0.7%-2.2%-5.0%-5.3%-6.6%
2. Financial account
Net borrowing (financial account, balance)1 001.81 393.72 071.63 107.43 064.11 474.0180.3-684.6
as percent of GDP9.3%11.0%12.8%20.1%22.1%10.6%1.2%-5.8%
Net borrowing of FDI1 057.5116.9126.151.9680.5285.9254.92 707.1
as percent of GDP9.8%0.9%0.8%0.3%4.9%2.1%1.7%22.8%
Gross borrowing of FDI1 145.4159.9170.9173.1752.4350.3336.12 781.1
as percent of GDP10.6%1.3%1.1%1.1%5.4%2.5%2.2%23.4%
Changes in reserve assets-463.2545.4-292.41 018.71 342.5-309.9-512.1-3 311.1
as percent of GDP-4.3%4.3%-1.8%6.6%9.7%-2.2%-3.4%-27.8%
For information:
GDP, BYR, bn31 332.537 933.548 579.246 631.042 259.058 271.178 704.095 047.9
GDP, US dollars, mln*10 767.812 677.916 165.415 475.613 880.713 856.715 014.411 895.3

* The quarterly indicator of GDP in US dollars is calculated as the sum of GDP in Belarusian rubles for three months of the reporting period, according to data from the National Statistics Committee of the Republic of Belarus, and the weighted average exchange rate of the Belarusian ruble versus the US dollar in the main trading session of OJSC "Belarusian Currency and Stock Exchange". Starting from 2011, the weighted average exchange rate of the Belarusian ruble in all segments of the foreign exchange market is used to calculate the quarterly indicator of GDP in US dollars.

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