Industrial Production in Belarus
The economy of Belarus recorded an average growth rate of 0.3% in industrial production in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was -5.4%. For more industry information, visit our dedicated page.
Belarus Industry Chart
Belarus Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 5.7 | 1.0 | -0.7 | 6.5 | -5.4 |
Industrial output records lowest growth since July in December
Industrial output grew 7.7% in year-on-year terms in December, which was a deterioration from November's 7.9% increase. The result marked the worst reading since July. December's reading was largely driven by a deterioration in manufacturing production growth, as it expanded at the slowest pace since July. In addition, mining and quarrying production weakened. Meanwhile, annual average industrial production growth rose to 13.8% in December (November: +12.3%), signaling an improving trend in the industrial sector.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian industry projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Belarusian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian industry projections.
Want to get access to the full dataset of Belarusian industry forecasts? Send an email to info@focus-economics.com.
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