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2024: Industrial production growth by 5.4% to 202.4 billion Belarusian rubles
In 2024, the volume of industrial production in Belarus amounted to 202.4 billion Belarusian rubles ($61.94 billion at the exchange rate as of January 17, 2025). This is 5.4% more compared to 2023. Such data were published on January 16, 2025 by the National Statistical Committee of the Republic (Belstat).
It is noted that in 2024, the mining industry of Belarus showed an increase of 3.6% on an annualized basis. In the manufacturing industry, an increase of 5.5% was recorded. The supply of electricity, gas, steam, hot water and conditioned air also showed an increase of 5.5%. Water supply, collection, treatment and disposal of waste, pollution elimination activities ensured an increase of 0.2% compared to 2023.
Belstat also reports that in December 2024, industrial production increased by 4.3% on an annualized basis. Month to month growth was recorded at 4.8%.
In 2024, a number of new industrial enterprises opened in Belarus. In particular, in December, the production of Onko Solutions anticancer drugs was launched: the plant's capacity allows the production of 500 thousand bottles of finished products per year, which is expected to fully satisfy the country's need for a whole series of medicines. In November, Ivatsevichdrev launched a new line for laminating wood chips of its own production. In addition, it was decided to implement new projects in the field of medicine within the framework of the Soyuz-Biomembrane program[1]
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