Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported.
Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).
As previously reported, Belarus’ GDP reduced by 3.9% in 2015 to Br87 billion ($44.8 billion), while the government had expected the GDP to expand by at least 0.2% in 2015. To compare, in 2014 Belarus’ GDP grew by 1.7% to Br77.8 billion ($40.1 billion), while the government had expected the GDP to expand by 3.3% in 2014. (Prime-TASS/Business World Magazine)