GDP reading: GDP growth ticked up to 3.1% year on year in the second quarter from 3.0% in the first...
Private Consumption in Belarus
The Belarusian economy recorded an average growth rate of 3.6% in private consumption in the decade to 2024, below the 2.2% average for CIS Countries. In 2024, the growth of private consumption was12.0%. For more information on private consumption, visit our dedicated page.
Belarus Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Belarus from 2014 to 2023.
Source: Macrobond.
Belarus Private consumption Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | -1.5 | 4.6 | -0.1 | 8.2 | 12.6 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian private consumption projections for the next ten years from a panel of 6 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 private consumption forecast available for Belarusian private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian private consumption projections.
Want to get access to the full dataset of Belarusian private consumption forecasts? Send an email to info@focus-economics.com.
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