Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
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 slides to over two-year low in June
Latest reading: Industrial production rose 0.3% year on year in June, down from May’s 1.0% increase. The result marked the worst reading since February 2023. Manufacturing output growth slowed to an over two-year low, and energy output growth moderated. Meanwhile, mining and quarrying production growth stabilized, and water supply flatlined in June, an improvement from May’s contraction. Meanwhile, annual average industrial production growth fell to 4.0% in June (May: +4.6%), signaling a worsening trend in the industrial sector.
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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