Temporary factors boost output: GDP growth gathered traction to 5.4% year on year in the fourth quarter of 2024, up...
Private Consumption in Belarus
The economy of Belarus recorded an average growth rate of 3.0% in private consumption over the decade to 2022. This is above the 2.1% average for Eastern Europe. In 2022, private consumption growth was -0.1%. For more private consumption information, 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
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 5.1 | -1.5 | 4.6 | -0.1 | 9.1 |
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.
Latest Global GDP News
-
China: GDP growth records quickest expansion since Q2 2023 in the fourth quarter -
United Kingdom: Economic activity ticks up in November but undershoots expectations GDP reading: GDP expanded 0.1% month-on-month in seasonally adjusted terms in November (October: -0.1% mom), below market expectations of 0.2%.... -
Ecuador: Economy shrinks at a more moderate pace in Q3 GDP contracts for the third consecutive quarter: Seasonally adjusted GDP contracted 1.5% in annual terms in Q3, improving from Q2’s... -
Kazakhstan: Economy gains momentum in Q3 Growth improves: A second national accounts release confirmed that the Kazakh economy gained steam in Q3, as annual GDP growth... -
Guatemala: Economy decelerates in Q3 Growth slows but remains robust: The economy lost momentum in Q3, growing 3.5% year on year and decelerating from Q2’s... -
Kenya: Economy loses further steam in Q3 Protests continue to chip away at momentum: Economic growth continued to wane in the third quarter, slowing to 4.0% year... -
Canada: Economic activity posts quickest growth since April in October GDP reading: GDP expanded 0.3% month-on-month in seasonally adjusted terms in October (September: +0.2% mom). The result marked the best...