Biełstat reports economic growth slowdown

October 17, Pozirk. Belarus’ gross domestic product rose 4.5 percent annually in January–September, the National Statistical Committee (Biełstat) said.

The economy grew by 5.5 percent in the first seven months and by 4.9 percent in January–August.

Biełstat also reported an increase of 6.4 percent in industrial output, 5.1 percent in agricultural production, 11.8 percent in retail sales and 2.6 percent in transportation..

Belarusians’ real disposable incomes rose 9.7 percent in January–August. Stockpiles of unsold industrial goods increased by 2.59 percent annually, as of October 1.

The International Monetary Fund expected Belarus’ economy to grow by 2.4 percent this year, and the World Bank projected a 1.2-percent increase.

The European Bank for Reconstruction and Development and the BEROC think tank predicted growth of 4.2 and 4 percent, respectively.

In 2023, Belarus’ economy grew by 3.9 percent after 4.7-percent contraction in 2022.

Economy

Economy

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