Latest reading: Industrial output grew 18.6% year on year in June (May: +22.1% yoy), driven chiefly by booming manufacturing output...
Industrial Production in Belarus
The Belarusian economy recorded an average industrial production growth rate of 1.9% in the decade to 2024. In 2024, industrial production growth was 5.4%. For more industry information, visit our dedicated page.
Belarus Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Belarus from 2016 to 2024.
Source: Macrobond.
Belarus Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -0.7 | 6.5 | -5.4 | 7.7 | 5.4 |
Industrial output growth falls to an over two-year low in May
Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading since February 2023 and remaining weak by post-pandemic standards. Looking at the details of the release, manufacturing production lost steam and water supply swung into contraction, outweighing faster momentum in energy output plus mining and quarrying. Meanwhile, the trend pointed down, with the annual average growth of industrial production dropping to 4.6% from April’s 5.1%, the joint-softest result since November 2023.
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 industry projections for the next ten years from a panel of 3 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 industry forecast available for Belarusian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian industry projections.
Want to get access to the full dataset of Belarusian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Taiwan: Industrial output growth remains buoyant in June -
Lithuania: Industrial output growth rises in June Latest reading: Industrial output increased 4.3% year on year in June (May: +0.9% yoy). June’s reading was driven by faster... -
Malaysia: Industrial output records slowest expansion since December 2023 in May Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a... -
Euro Area: Industrial output rebounds in May Latest reading: Industrial production expanded 1.7% month-on-month in seasonally adjusted terms in May (April: -2.2% mom s.a.). The improvement was... -
Japan: Industrial output bounces back in May Latest reading: Industrial output—which makes up about 30% of Japan’s economy—fell 0.1% in month-on-month seasonally adjusted terms in May, the... -
Hungary: Decline in industrial activity persists in May Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a... -
Belgium: Industrial output drops at sharpest pace since December 2024 in May Latest reading: Industrial output fell 2.7% in month-on-month seasonally adjusted terms in May, which was a larger contraction than April’s...