Investment and household income growth: Ministry of Economy on the results of January-October

November 19, Minsk . Sustainable economic performance is ensuring high investment growth and real incomes, the Economy Ministry's press service told BELTA.
As Belstat previously reported, the GDP growth rate for the first 10 months amounted to 101.5%. "Construction (109.5%), information and communications (103.5%), and transport (102.6%) retain their leadership in terms of contribution and growth rates of gross value added. Over the first 10 months, more than 3.2 million square meters of housing were commissioned, which is 108% of the same period last year. The dynamics in the IT sector are associated with an increase in the number of employees and orders for domestic software. The results in the transport sector are due to a 6.6% increase in passenger turnover," the Economy Ministry noted.
A slight slowdown in the manufacturing sectors is observed: the industrial production rate amounted to 98.7%.
In agriculture, output accelerated by 0.9 percentage points compared to the previous period, reaching 99.9% in January-October 2025. Livestock production grew by 2.4%, with milk production increasing by 4.8% and eggs by 4.9%. Crop production decreased by 2%, due to a delay in the grain corn harvest caused by spring frosts and a decrease in fruit and berry production.
Exports of goods and services in January-September were 0.7% higher than in the same period last year. Exports to non-Russian countries continued to increase. Services exports grew at a rapid pace , up 15.6%. The main drivers were transport and construction. Annual inflation
slowed for the third month in a row , reaching 6.9% in October. A steady upward trend in fixed capital investment continued in January-October, reaching 13.2%. This is being driven by technological upgrades and enterprise modernization: spending on machinery and equipment increased by 17.3%. Sustainable economic performance is enabling faster growth in household incomes – up 10.2% for the first nine months, compared to a forecast of 3.8%. The average salary in January-September 2025 exceeded Br2,630. The average pension was approximately Br930.