The Ministry of Economy has spoken about the rate of GDP growth
The growth rate of Belarus' gross domestic product remains within the forecast corridor.
The press service of the Ministry of Economy reported this.
How the Belarusian economy is growing
According to the National Statistical Committee, GDP increased by 3.9% in January-November of this year.
As reported by the Ministry of Economy, despite some slowdown, the pace of industrial activity remains high: 105.5% over 11 months.
The production of cars and trucks, batteries, buses, wagons, etc. has increased significantly.
Belarusian products are in demand: the current level of stocks is below the average for the past ten years.
The demand for Belarusian products is also confirmed by the dynamics of retail turnover – 111.8%.
The growth in sales was also facilitated by the moderate growth of the consumer price index (105.5%) and the outpacing growth of real incomes of citizens (109.5%).
The drivers of economic growth remain construction (108.6%), transport (105.9%) and agriculture (103.3%). The IT sector continues to recover, with a growth rate of 101.6%.
The growth rate of investments in fixed capital exceeds the forecast (107.2%). At the same time, expenses for the purchase of equipment, machinery, and vehicles are increasing even faster (111.9%).
Exports for 11 months amounted to 41.3 billion dollars, an increase of 4.9%. The value of deliveries to foreign markets amounted to 34 billion dollars.
Food remains the main driver of growth, with exports increasing by 18%.
The presence in the markets of friendly countries has increased (103.7%), and exports to Africa have grown by 3.5 times.
The export of services is growing steadily – plus 11.4%, the Ministry of Economy reported .
They also noted that the stable operation of the economy made it possible to ensure an average salary of more than 2.2 thousand rubles in January-October, and an old-age pension of more than 800 rubles.
