Latest reading: In annual terms, industrial production was up 2.6% in July, following a 5.0% rise in the prior month....
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 posts weakest result in over two years in August
Latest reading: Industrial production fell 0.8% in annual terms in August, following a 0.3% drop in the previous month, marking the second consecutive month of contraction and the weakest reading in over two years. Relative to the previous month's figures, the reading for manufacturing production deteriorated in August (-1.2% vs -0.6% in July). In contrast, readings improved for electricity, gas, steam and air conditioning supply (+2.0% vs +1.6% in July) and water supply, sewerage, waste management and remediation activities (-0.2% vs -0.5% in July). Finally, the variation in mining and quarrying was the same as in the prior month (+2.8% in August and July).
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.
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