Industrial production in Belarus expanded by 8% during the initial ten months of the year.
The industrial sector in Belarus experienced a robust growth in 2023, with the total industrial production for January-October reaching Br153.6 billion, a 108% increase compared to the same period in 2022 when adjusted for comparable prices. This growth follows a contraction of 5.4% in 2022, marking a significant turnaround for the economy.
The index of industrial production for October 2023, when compared to September 2023, showed a slight decrease, but it was still higher when compared to October 2022, indicating a continuous expansion of the industrial output.
The growth was observed across multiple industries, including the processing industry, which saw a 9.8% increase in production from January-October 2023 compared to the same period in 2022. The mining industry also experienced a 4.8% increase during the same period.
However, the "Supply of electricity, gas, steam, hot water, and air conditioning" activity witnessed a decrease in production, with a 3.4% drop for January-October 2023 compared to the same period in 2022. Contrarily, water supply, waste collection, treatment, and disposal, and remediation activities showed a 1.5% increase in production during the same period.
The retail turnover in Belarus also experienced a growth, increasing by 7.6% for January-October 2023.
The data about the industrial production levels, retail turnover, and specific activity production levels were provided by the National Statistical Committee of Belarus. The information about the industrial production levels was also reported by Belta, a Belarusian news agency.
This 7.7% year-on-year growth in industrial production in Belarus reflects a strong contribution to the overall economy, which grew by 3.9% in 2023. However, the growth slowed markedly in 2024 and 2025, with 2025 even seeing a slight contraction in early months.
In conclusion, the industrial sector in Belarus has shown a strong recovery in 2023, with robust growth in production across multiple industries. This growth has contributed significantly to the overall economic growth of the country.
The growth in industrial production in Belarus, as reported by Belta, a Belarusian news agency, has drawn attention from the finance industry, considering its significant contribution to the overall economy. This growth, which showed a 7.7% year-on-year increase in 2023, has been observed across various sectors, such as the processing industry and mining, according to data provided by the National Statistical Committee of Belarus.
