GDP in Belarus
Belarus - GDP
Economy downshifts in Q3
According to a second release by the National Statistical Committee (Belstat), the economy cooled in the third quarter on the heels of robust gains in the second quarter. The headline reading came in at 2.2% year-on-year, down from the second quarter’s 3.9% increase and chiefly on the back of a slowdown in the domestic economy.
As the recovery approaches its two-year mark, the economy appears to have shifted into a lower gear amid ailing fixed investment and moderating consumption. Fixed investment eased and logged a 5.7% year-on-year increase (Q2: 7.0% year-on-year). Meanwhile, household spending came in at 7.1% growth annually, decelerating from a revised 8.3% a quarter earlier (previously reported: +10.3% yoy). Moreover, government spending contracted for another quarter although at a slower pace (Q3: -0.8% yoy, Q2: -1.6% yoy).
On the external front, exports accelerated marginally on an annual basis compared to the previous quarter (Q3: +2.4% yoy, Q2: +2.3% yoy) whereas imports rose 3.9%, having lost momentum from the second quarter (Q2: +5.9% yoy).
FocusEconomics Consensus Forecast panelists expect the economy to grow 2.9% in 2019, which is unchanged from last month’s forecast. In 2020, the panel sees GDP increasing 2.5%.
Belarus - GDP Data
|Economic Growth (GDP, annual variation in %)||1.0||1.7||-3.8||-2.5||2.4|
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||2.17||-0.36 %||Feb 14|
|Stock Market||0.1||0.0 %||Feb 11|
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February 11, 2019
Consumer prices increased 0.9% over the previous month in January, a tad above December’s 0.8% print.
February 8, 2019
At its 6 February meeting, the Board of the National Bank of the Republic of Belarus (NBRB) kept the refinancing rate unchanged at an over decade-low 10.0%, in line with analysts’ expectations.
January 17, 2019
Industrial production growth decelerated to 1.3% year-on-year in December, down from November’s 3.1% expansion. Looking at 2018 as a whole, annual average industrial production grew 5.7%, below 2017’s 6.1%.
January 10, 2019
Consumer prices increased 0.8% over the previous month in December, up slightly from November’s 0.6% print.
December 31, 2018
According to a second release by the National Statistical Committee (Belstat), the economy cooled in the third quarter on the heels of robust gains in the second quarter.