Ministry of Economy: transport and trade became leaders in terms of growth of gross value added

In Belarus, transport (104.8%), trade (104%) and agriculture (103.8%) lead in terms of gross value added growth in January-September. This was reported in the press service of the Ministry of Economy, writes sb.by.

According to the National Statistical Committee, in the first nine months of this year, the GDP growth rate was 102%. Among the leaders in terms of gross value added growth are transport (104.8%), trade (104%), and agriculture (103.8%). In the transport sector, passenger and freight turnover demonstrate high rates - plus 7.6% and 2.9%, respectively.

The results in trade are due to the dynamics of retail trade turnover, which in January-September increased by 8.7%, which in turn contributed to the growth of real incomes of the population in January-August by 8.2%, as well as a low inflation rate (4.6% in annual terms). In wholesale trade, there is also a positive trend - 100.2%.

In agriculture, for the first nine months, the production rate was 104.6%. Some slowdown compared to last month is associated with seasonal alignment of harvesting dates of vegetable crops, silage, sowing winter crops. In agricultural organizations and farms, the positive dynamics in crop production is ensured mainly by an increase in rapeseed hammer (1.5 times) and fruit and berry harvest (2.2 times), in livestock - an increase in milk production and cultivation of pigs, poultry and cattle.

The industrial production index for January-September 2026 amounted to 100.5%, an increase of 0.3% compared to January-August. At the same time, certain industries (energy, pharmaceuticals, food industry) showed even higher rates. There is a trend for a decrease in inventory: on October 1, 2026 - 75.1% of the average monthly production volume, which is 5% lower than the same period last year.

Over nine months, more than 2.7 million square meters of housing were commissioned, including about 335 thousand square meters with state support.

Investments in fixed assets – plus 2.1%. Enterprises continue to invest in their technological upgrade and purchase of equipment - a rate of 103.4%.

Exports of goods and services (according to the methodology of the balance of payments) in January-August 2026 are 13.4% higher than the level of the same period in 2025. Cooperation with the countries of the far arc continued to grow: the supply of products to Asian countries is growing dynamically (1.4 times). Exports of services are growing at a high pace, plus 23.3%. The main drivers are transport and tourism.

The stable operation of the economy allows to ensure a high level of wages - more than 2980 in January - August 2026. The average age pension exceeded 1060. Ministry of Economy: agreement on trade in services and investments with China will help implement new projects