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MINSK, 17 April (BelTA) – Belarus’ economy approached the target growth in the first quarter 2026, the press service of the Economy Ministry told BelTA.
Finished goods inventories were reduced by almost Br335 million in March.
According to the National Statistical Committee, Belarus’ GDP growth in January-March stood at 99.6%, up by 0.8 percentage points from the previous month. A significant increase in trade was the primary factor behind the result.
The main drivers of the economy in the first quarter were information and communication (104.1%), transport (103.7%) and agriculture (102.6%).
The main drivers of the economy in the first quarter were information and communication (104.1%), transport (103.7%) and agriculture (102.6%).
IT growth was linked to effective company performance, as firms expanded their share of domestic software in projects and grew their workforces.
In the transport sector, passenger traffic rose by 9.8%, supported by the development of tourism and business activity.
In the transport sector, passenger traffic rose by 9.8%, supported by the development of tourism and business activity.
The strong performance in agriculture was driven by increased production of milk, poultry meat, pigs and cattle.
The industrial output grew by 0.3 percentage points from January-February to 96.6%. Several industries: energy, pharmaceuticals, and food manufacturing showed significant growth, firmly consolidating their positions in the green zone.
The industrial output grew by 0.3 percentage points from January-February to 96.6%. Several industries: energy, pharmaceuticals, and food manufacturing showed significant growth, firmly consolidating their positions in the green zone.
Finished goods inventories were reduced by almost Br335 million in March.
A retail trade in January-March expanded by 6%.
Investment in fixed assets amounted to 97% of 2025 level modernization of enterprises increased by 1.5%.
Exports of goods and services (based on the balance of payments) in January-February 2026 were up 13% compared with the same period in 2025. Merchandise exports exceeded 2025 level by 8.7%. Cooperation with non-CIS countries continued to grow: supplies to Latin America and the Caribbean rose by 27.9%, and to Asia by 21.3%.
The exports of service rose by 28.9% in January-February 2026. The main drivers were transport, construction, and ICT (information and communication) services. A steady economy helped maintain high income levels. The average salary exceeded Br2,750 in January-February 2026, the average pension surpassed Br1,025. Real household income increased by 7.2% over the two months, which is higher than 3.5% projected for the first quarter.
Exports of goods and services (based on the balance of payments) in January-February 2026 were up 13% compared with the same period in 2025. Merchandise exports exceeded 2025 level by 8.7%. Cooperation with non-CIS countries continued to grow: supplies to Latin America and the Caribbean rose by 27.9%, and to Asia by 21.3%.
The exports of service rose by 28.9% in January-February 2026. The main drivers were transport, construction, and ICT (information and communication) services. A steady economy helped maintain high income levels. The average salary exceeded Br2,750 in January-February 2026, the average pension surpassed Br1,025. Real household income increased by 7.2% over the two months, which is higher than 3.5% projected for the first quarter.
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