Фото: Reform.by
Enterprises fully or partially owned by the state improved many aggregate indicators in 2025, including revenue, profit and return on sales. At the same time, their inventories increased, while the share of the state sector in total national output continued to decline, according to a report by Belstat.
Revenue of state-owned enterprises and enterprises with a state stake in 2025 amounted to 266.2 billion roubles. This was up 8% compared with 2024. The share of state sector revenue in total enterprise revenue stood at 50.5%, or 5.5 percentage points less than in 2024.
Net profit last year increased by 79% to 11.29 billion roubles.
Return on sales over the year rose by 1.3 percentage points to 7.5%.
The share of loss-making organisations also increased. Last year, 8.5% of organisations reported losses, which was 0.8 percentage points more than in 2024.
Overdue debt on loans and borrowings as of the end of 2025 amounted to 1.54 billion roubles, down by 200 million roubles over the year. State-owned enterprises accounted for 69.8% of overdue debt nationwide, which was 1 percentage point more than at the end of 2024.
Exports of goods by the state sector amounted to $17.35bn, up 11.4% compared with 2024. Imports rose by 11.1% to $9.08bn. Exports of services increased by 11.4% to $3.22bn, while imports rose by 17.8% to $2.52bn.
Industrial output in the state sector amounted to 119.3 billion roubles, accounting for 66.1% of the national total. The share of the state sector in industrial production declined by 3.4 percentage points over the year. Inventories as of January 1 totalled 6.78 billion roubles, having increased by 1.96 billion roubles over the year. It should be noted that overall industrial inventories grew by 2.5 billion roubles last year.
Retail turnover of the state sector amounted to 12.19 billion roubles, or 12.4% of total national turnover, which was 0.8 percentage points less than at the end of 2024.
State sector investment in fixed assets totalled 32.57 billion roubles, accounting for 58.2% of total investment nationwide. The share of the state sector in investment rose by 3.3 percentage points over the year.
The Belstat report included 3,207 legal entities that were fully or partially state-owned. Their number declined by 320 organisations over the year.
Employment in the state sector amounted to 1.136 million people, which was 34,000 fewer than in 2023. Organisations fully or partially owned by the state accounted for 39.5% of total employment in Belarus, down by 2.4 percentage points over the year. The average wage last year at state-owned enterprises and enterprises with a state ownership stake stood at 2,741.9 roubles, compared with 2,353.6 roubles in 2024.