Industry in Belarus
Belarus - Industry
Industrial output grows at quickest pace since May 2021 in January
Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy). The result marked the best result since May 2021. The notable upturn was primarily driven by a pickup in manufacturing and mining and quarrying production.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.4%, down from December's 6.5%.
FocusEconomics panelists project that industrial production will decrease 0.8% in 2022, which is up 1.9 percentage points from last month’s projection. In 2023, industrial output is seen increasing 2.7%.
Belarus - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -6.6 | -0.4 | 6.1 | 5.7 | 1.0 |
Belarus Industry Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Belarus: Belarusian ruble continues to plummet as credit default risk looms
April 1, 2022
The Belarusian ruble continued to lose ground against the U.S. dollar over the past month, plummeting to an all-time low of 3.33 per USD in mid-March, amid a spiraling sovereign debt crisis due to the fallout from the Russia-Ukraine war.
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Belarus: Belarusian ruble collapses amid war in Ukraine; Central Bank hikes rate by 275 basis points to 12.00%
March 4, 2022
On 28 February, four days after war broke out in Ukraine, the National Bank of the Republic of Belarus had its first meeting in seven months.
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Belarus: Industrial output grows at quickest pace since May 2021 in January
February 16, 2022
Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy).
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Belarus: Inflation comes in at highest level since October 2021 in January
February 10, 2022
Consumer prices rose 1.53% over the previous month in January, picking up from December's 0.87% rise.
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Belarus: Industrial output rises at quickest pace in six months in December
January 17, 2022
Industrial output increased 4.3% in year-on-year terms in December, which was above November's 2.7% increase.
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