News & Analysis

Belarus sees small increase in GDP growth

MINSK, BELARUS - AUGUST 15, 2016: Aerial view of the southeastern part of the Minsk with old soviet buildings. Minsk is the capital and largest city of Belarus.

The National Statistics Committee of Belarus has announced that the country’s GDP grew by one per cent from January-May when compared to the same period of 2018, Belarusian state news agency Belta has reported.

According to the preliminary estimates of the statistics service, GDP reached 49.2 billion Belarusian rubles (21.28 billion euros) while the GDP deflator for the first five months of the year was 6.2 per cent higher than in January-May 2018.

In the same period, industrial production was recorded at 46.4 billion Belarusian rubles at current prices, 0.3 per cent more than in January-May last year.

As of June 1, agricultural production amounted to 4.7 billion Belarusian rubles, 1.3 per cent less than that of the level of January-May 2018.