December 17, Pozirk. Belarus’ economy grew by 1.3 percent year on year in the first 11 months of 2025, after a 1.5-percent increase posted in January-October, the National Statistical Committee (Biełstat) reports.
GDP growth has been losing momentum throughout the year: from 3.7 percent in January, to 3.1 percent in both the January–February and January–March periods, then down to 2.8 percent in January–April, 2.5 in January-May, 2.1 percent in January-June, 1.3 percent in January-July. The GDP rose by 1.6-percent both in January-September and January-August.
The Belarusian economy is expected to cool down in the medium term, with GDP growth projected to be close to 2 percent in 2025, followed by a slowdown to 0-1.5 percent in 2026, according to a report by the BEROC think tank.
The experts anticipate a prolonged period before the equilibrium is restored, since overheating in the second quarter of 2025 was close to peak levels.
Despite the slowdown, the government maintains a GDP growth target of 4.1 percent for 2025, with the economy slated to grow by 2.8 percent in 2026.
