Express Analysis

Belarus’s GDP reached a new all-time high in May 2026 In January – May 2026, GDP grew by 0.9% YoY, while in May alone it increased by ≈3.7% YoY. Compared to April 2026, output rose by more than 1% and…

Belarus’s GDP returned to peak levels in April 2026 In January – April 2026, GDP grew by 0.2% YoY, while in April alone it increased by ≈1.8% YoY. Compared to March 2026, output rose by ≈0.6% (seasonally adjusted). The recovery…

The Belarusian economy expanded noticeably in March 2026, but overall showed subdued output dynamics in Q1-2026 In March 2026, Belarus’s GDP increased by more than 1% compared to February. As a result, GDP exceeded the level of March 2025 by…

Economic activity in Belarus remained subdued in February 2026 GDP increased by ≈0.4% in February compared to January 2026 (seasonally adjusted). Growth was supported by an increase in investment, which was of a corrective nature after weak results in Q4-2025…

Temporary factors led to a decline in Belarus’ GDP at the beginning of 2026, but even excluding them economic activity dynamics were subdued and growth potential remained low In January 2026, GDP declined by 1.25% compared with January 2025 and…

Belarus’s economy grew by 1.3% in 2025, while the scale of its overheating declined significantly In Q4-2025, GDP increased by ≈0.4% compared with Q4-2024, following the growth of 0.8% YoY in the previous quarter. This corresponds to the seasonally adjusted…

Belarus’s GDP continued to decline in November 2025, and the extent of economic overheating narrowed sharply For the eleven months of 2025, GDP grew by 1.3% YoY, and in November alone it declined by ≈0.6% YoY. Industrial output fell to…

Belarus’s economy continued to slow down in October 2025 For the ten months of 2025, GDP grew by 1.5% YoY, and in October alone – by ≈0.6% YoY. The volume of GDP (seasonally adjusted) in October decreased by ≈1% compared…

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)…