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Belarus Industry

Belarus Industry

Industrial Production in Belarus

The economy of Belarus recorded an average growth rate of 0.3% in industrial production in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, 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 2015.
Source: Statistical Committee Belarus.

Belarus Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 5.7 1.0 -0.7 6.5 -5.4

Industrial output accelerates in May

Industrial output rose 8.0% in year-on-year terms in May, which was above April's 7.7% increase. The result marked the joint-best reading since September 2023. Looking at the details of the release, water supply output surged in May and the manufacturing sector expanded at a faster clip, outweighing slowdowns in mining and quarrying plus energy supply. Still, the trend pointed down, with the annual average growth of industrial production coming in at 11.5%, down from April's 13.8%.

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 1 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.

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