November 18, Pozirk. Belarus’ economy grew by 1.5 percent year on year in the first ten months of 2025, after a 1.6-percent growth posted both in January-September and January-August, the National Statistical Committee (Biełstat) reports.
GDP growth has been losing momentum throughout the year: from 3.7 percent in January, to 3.1 percent in both the January–February and January–March periods, then down to 2.8 percent in January–April, 2.5 in January-May, 2.1 percent in January-June, 1.3 percent in January-July.
Industrial production fell by 1.3 percent in the first 10 months of the year. This contrasts sharply with a 6.2 percent increase reported in the same period of 2024. The industrial sector has been in decline for the past 11 consecutive months.
Agricultural output decreased by 0.1 percent year-on-year in January–October, after rising by 3 percent during the same period in 2024.
Cargo transportation across all sectors declined by 3.1 percent.
The Belarusian economy is expected to cool down in the medium term, with GDP growth projected to be close to 2 percent in 2025, followed by a slowdown to 0-1.5 percent in 2026, according to a report by the BEROC think tank.
The experts anticipate a prolonged period before the equilibrium is restored, since overheating in the second quarter of 2025 was close to peak levels.
Despite the slowdown, the government maintains a GDP growth target of 4.1 percent for 2025, with the economy slated to grow by 2.8 percent in 2026.
