"The main outcome is economic growth, an increase in the well-being and quality of life of citizens."
Despite the challenging circumstances, the republic is completing a five-year period with commendable indicators, emphasized the head of the Ministry of Economy. Yuri Chebotar said in an interview with the magazine "Economics of Belarus."
He stated that last year Belarus reached a record level of gross domestic product, exceeding 90 billion dollars. He also noted an increase in several other indicators, particularly real incomes of the population, which grew by 23.4%.
"An all-time high GDP value of over 90 billion US dollars has been achieved. Exports of goods and services have increased – by an estimated 35% over the five-year period. In 2025, a record export volume is expected for the past 10 years – over 50 billion," said the minister.
He emphasized that despite the COVID-19 pandemic, unprecedented sanctions, and disruptions in logistics, the republic is completing the five-year period with satisfactory results.
"The main outcome is economic growth, an increase in the well-being and quality of life of citizens," added Chebotar.
The republic has also managed to launch an investment mechanism, and investments in fixed capital have exceeded GDP growth rates for the third consecutive year. The minister explained that this contributes to increased competitiveness, the emergence of new types of products, and strengthening the foundation for further development.
"The stable performance of the economy has ensured good dynamics of real disposable monetary incomes of the population – by 23.4% against plans of 20.2%. This was also facilitated by strict control over inflationary processes," continued Yuri Chebotar.
The economic potential of the state is strengthening. Industrial output and labor productivity in GDP are also growing at an accelerated pace – by an estimated 15.2% and 13.7% respectively over the five-year period.
