{"id":568919,"date":"2026-08-18T11:13:03","date_gmt":"2026-08-18T08:13:03","guid":{"rendered":"https:\/\/reform.news\/?p=568919"},"modified":"2026-08-18T12:01:00","modified_gmt":"2026-08-18T09:01:00","slug":"belarusian-gdp-growth-accelerates-to-2-1-in-july","status":"publish","type":"post","link":"https:\/\/reform.news\/en\/belarusian-gdp-growth-accelerates-to-2-1-in-july","title":{"rendered":"Belarusian GDP Growth Accelerates To 2.1% In July"},"content":{"rendered":"
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Belarus\u2019 gross domestic product totaled 180.5 billion rubles in January-July. In comparable prices, it grew by 2.1% compared with the same period last year. GDP growth stood at 1.5% in the first half of the year, while a decline was recorded in January-March. The acceleration in growth can be linked to an improvement in the industrial sector, as well as a shift in the timing of the harvest campaign.<\/p>\n

The GDP deflator index stood at 113.2% in January-April.<\/p>\n

It should be noted that this year, according to the official socio-economic development forecast approved by Lukashenka, GDP is expected to grow by 2.8% for the year. International financial institutions forecast growth of around 1.3%.<\/p>\n

GDP labor productivity rose by 1.1% in January-June to 35,783.9 rubles.<\/p>\n

Agricultural production<\/mark> across all categories of farms totaled 5.25 billion rubles in July, increasing by 36% compared with July last year. In agricultural organizations, it also grew by 36.5% to 4.91 billion rubles. Over the first seven months, production across all categories of farms increased by 12.9% to 18.83 billion rubles, while production in agricultural organizations rose by 13% to 18.23 billion rubles.<\/p>\n

In July, agricultural organizations produced 157,700 tonnes of livestock and poultry, 5.9% more than a year earlier, while milk production increased by 2.6% to 810,900 tonnes. Over the first seven months, livestock and poultry production rose by 5.4% to 1.08 million tonnes, while milk production increased by 2.9% to 5.43 million tonnes.<\/p>\n

Industrial production<\/mark> totaled 19.34 billion rubles in July. In comparable prices, it grew by 4.9% compared with the same month of 2025. Over the first seven months, industrial production increased by 0.1% to 126.65 billion rubles.<\/p>\n

Industrial inventories stood at 11.41 billion rubles as of Aug. 1. Compared with July 1, they decreased by 360 million rubles. Inventory levels amounted to 79.1% of the average monthly production volume, down 3.4 percentage points over the month.<\/p>\n

Fixed capital investment<\/mark> totaled 5.275 billion rubles in July. It increased by 2.8% year-on-year. Over the first seven months, investment rose by 4% to 31.79 billion rubles.<\/p>\n

In July, 174,700 square meters of total residential floor space were commissioned, 30.8% less than a year earlier. This included a 67.5% decline in housing construction with state support, to 16,300 square meters. Over January-July, housing commissioned fell by 13.9% to 1.8 million square meters, including a 37% decline in housing with state support, to 253,600 square meters.<\/p>\n

Freight turnover<\/mark> increased by 1.9% in January-July to 42.1 billion tonne-kilometers, while passenger transportation rose by 0.2% to 959.7 million people.<\/p>\n

Retail turnover<\/mark> totaled 10.57 billion rubles in July. It grew by 11% compared with the same month of 2025. Over the first seven months, retail turnover increased by 8.1% to 64.76 billion rubles.<\/p>\n

Wholesale turnover rose by 1.8% in July to 15.62 billion rubles. Over the first seven months, it declined by 0.1% to 105.1 billion rubles.<\/p>\n

Turnover in the catering sector increased by 5.6% in July to 742.2 million rubles. Over the first seven months, it rose by 1.7% to 4.52 billion rubles.<\/p>\n","protected":false},"excerpt":{"rendered":"

Belarus\u2019 gross domestic product totaled 180.5 billion rubles in January-July. In comparable prices, it grew by 2.1% compared with the same period last year. GDP growth stood at 1.5% in the first half of the year, while a decline was recorded in January-March. The acceleration in growth can be linked to an improvement in the […]<\/p>\n","protected":false},"author":119,"featured_media":497767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/reform.news\/wp-content\/uploads\/2026\/08\/6a841f5315fee.jpg","width":1200,"height":630,"template":"691142dd","mode":"auto"},"_sharing_image_fieldset":{"dTVKfmI95PYT":"Belarusian GDP Growth Accelerates To 2.1% In July"},"footnotes":""},"categories":[142339,142338,143126],"tags":[],"class_list":["post-568919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","category-business"],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/568919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/users\/119"}],"replies":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/comments?post=568919"}],"version-history":[{"count":0,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/568919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media\/497767"}],"wp:attachment":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media?parent=568919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/categories?post=568919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/tags?post=568919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}