Industrial production in Belarus increased 1.0 percent year-on-year in January-December 2019 compared to a 5.7 percent gain in the same period of the previous year. Output went up for manufacturing (1.3 percent); mining & quarrying (0.4 percent) and water supply (2.3 percent) but decreased for electricity, gas, steam, hot water and conditioning supply (-0.9 percent). Industrial Production in Belarus averaged 2.70 percent from 2009 until 2019, reaching an all time high of 12.70 percent in April of 2011 and a record low of -7.70 percent in May of 2015.
Industrial Production in Belarus is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Belarus to stand at 4.50 in 12 months time. In the long-term, the Belarus Industrial Production is projected to trend around 2.80 percent in 2020, according to our econometric models.