Beautiful building in belarus

Belarus GDP Q2 2018

Belarus: Economy surges in H1 despite losing steam in Q2

While the economy lost some steam in the second quarter, the expansion in the first half of the year was nonetheless solid. According to a preliminary estimate released by the National Statistical Committee (Belstat) on 18 July, GDP rose 4.5% year-on-year in H1, accelerating from full-year growth of 2.4% in 2017. Nevertheless, the reading points to slower growth in Q2 than in Q1, when annual growth recorded an over six-year high of 5.1%.

Belstat has not yet released comprehensive national accounts data for the second quarter; however, a more detailed breakdown for the first quarter is available. Fixed investment growth in the first quarter accelerated to a near seven-year high of 17.0% year-on-year, from 13.9% in the previous quarter. Private consumption also expanded robustly in Q1, coming in at 8.9% (Q4 2017: +10.1% year-on-year), while government consumption continued to weigh on growth (Q1: -1.5% yoy; Q4 2017: -2.2% yoy). Exports improved considerably from the previous quarter in Q1, contracting just 0.5% year-on-year in the quarter, compared to Q4’s 33.7% fall.

Belarus GDP Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest