Belarus’ GDP showed near-zero growth in Q3-2025 due to a decline in export-oriented industrial output
Over the first nine months of 2025, GDP grew by 1.6% YoY, and separately in September – by ≈1.3% YoY. The GDP volume (seasonally adjusted) in September decreased by 0.7-0.8% compared to August. The volatility of agricultural and construction activity had a restraining effect on output dynamics in early autumn, while manufacturing activity showed a slight corrective increase.