GDP in Belarus
Belarus - GDP
Flash estimate suggests softer contraction in 2016
In 2016, GDP in Belarus decreased 2.6%, according to a flash estimate released by the National Statistical Committee (Belstat) on 18 January. The second consecutive annual contraction was thus softer than in 2015, when the economy decreased a more severe 3.9%. The flash estimate was slightly worse than FocusEconomics panelists’ estimate of a 2.5% contraction for last year.
The preliminary estimate does not give a breakdown of the GDP components or a growth number for Q4. However, available indicators show a mixed picture of the economy. While industrial production improved from a 6.6% decrease in full year 2015 to a moderate 0.4% decline in 2016, retail sales contracted at a sharper rate in the last quarter of the year compared to the previous quarter and for 2016 as a whole retail sales fell 2.3%, down from a meagre 0.2% expansion in 2015.
FocusEconomics Consensus Forecast panelists expect the economy to grow 0.6% in 2017, which is up 0.1 percentage points from the previous month’s projection. For 2018, the panel sees GDP increasing 1.4%.
Belarus - GDP Data
|Economic Growth (GDP, annual variation in %)||5.5||1.7||1.0||1.7||-3.9|
5 years of economic forecasts for more than 30 economic indicators.
Belarus GDP Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
|Exchange Rate||1.87||-0.24 %||Feb 16|
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February 9, 2017
Consumer prices rose 0.9% in January from the previous month, up from December’s 0.5% increase.
January 18, 2017
In 2016, GDP in Belarus decreased 2.6%, according to a flash estimate released by the National Statistical Committee (Belstat) on 18 January.
January 16, 2017
Belarusian industrial production in December expanded 5.1% over the same month last year, matching November’s two-year high.
January 10, 2017
Consumer prices rose 0.5% in December from the previous month, down from November’s 0.8% increase.
December 30, 2016
In Q3, GDP in Belarus decreased 3.5% from the same quarter last year (Q2: -1.4% year-on-year), according to data released by the National Statistical Committee (Belstat) on 30 December.