Industry in Belarus

Belarus Industry | Economic News & Forecasts

Belarus - Industry

Industrial output contracts at sharper pace in October

Industrial output shrank by 4.1% year on year in October, down from September’s 2.1% contraction. Following two successive months of improvements, the downturn intensified again. This suggests that industrial activity is still far from recovering from the fallout of the Russia-Ukraine war.

Meanwhile, the trend remained constant, with annual average industrial production unchanged at 9.9% in October.

FocusEconomics panelists project that industrial production will decrease 1.8% in 2023, which is up 2.7 percentage points from last month’s projection. In 2024, industrial output is seen increasing 3.3%.

Belarus - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-6.6  -0.4  6.1  5.7  1.0  

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Belarus Industry Chart

Belarus Industry
Note: Industrial production, annual variation in %.
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).

Belarus Facts

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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