Фото: БМЗ
Belarus’ GDP totalled BYN 234.6 billion in current prices in January–October. In comparable prices, it increased by 1.5% year-on-year. The GDP deflator amounted to 113%.
GDP growth has slowed: after 1.6% for January–September, the rate decreased to 1.5% by the end of October. For reference, the official socio-economic forecast for 2024 envisions GDP growth of 4.1%. A year earlier, in January–October 2023, GDP had grown by 4.2%.
Labour productivity measured by GDP for the first nine months reached BYN 49,805.6, up 1.5% year-on-year.
In October, agricultural output across all categories of farms reached BYN 6.49 billion — a 4.1% increase year-on-year.
Agricultural organisations saw output rise by 11.1% to BYN 4.25 billion.
For January–October, agricultural output in all categories decreased slightly by 0.1% to BYN 35.79 billion, while agricultural organisations recorded a 2.5% increase to BYN 29.06 billion.
Livestock and poultry production in agricultural organisations grew by 2.8% in October to 151,900 tonnes but declined by 0.6% for the ten-month period to 1.48 million tonnes.
Milk production rose by 6.6% in October to 735,500 tonnes. For January–October, milk output increased by 5% to 7.53 million tonnes.
As of 1 November, agricultural organisations harvested nearly 8 million tonnes of grain — 24.5% more than last year. Potato production increased by 24.6% to 655,200 tonnes, open-field vegetables by 24.7% to 202,300 tonnes, and sugar beet by 13.3% to 4.2 million tonnes.
Industrial production declined by 5.8% in October to BYN 18.14 billion. Over January–October, output fell by 1.3% to BYN 172.57 billion.
Industrial inventories reached BYN 11.3 billion as of 1 November, up BYN 210 million over the month. Inventory levels amounted to 81.2% of average monthly output — an increase of 1.1 p.p. driven by both falling production volumes and growing stockpiles.
Investment in fixed capital totalled BYN 5.28 billion in October — roughly the same as the year before. For January–October, investments increased by 13.2% to BYN 44.11 billion.
In October, 275,300 square metres of housing were commissioned — 1.7% less year-on-year. Housing built with state support grew by 18.9% to 48,700 square metres.
Overall, for ten months, housing construction increased by 8% to 3.22 million square metres, while state-supported housing decreased by 4.9% to 600,600 square metres.
According to Belstat, retail turnover grew by 7.7% in January–October to BYN 84.09 billion. In October alone, it rose by 3.9% to BYN 8.9 billion.
Wholesale turnover fell by 5.4% to BYN 148.8 billion over ten months, though it increased in October by 2.6% to BYN 16.53 billion.
Food service turnover increased by 5.7% in January–October to BYN 6.09 billion. In September, the sector recorded 6.4% year-on-year growth to BYN 669.4 million.
Cargo turnover declined by 3.1% in January–September to 60 billion tonne-kilometres.
Passenger transport increased by 1.8% to 1.38 billion passengers.