The first estimate of the gross domestic product for January – May 2023 has been made. The GDP amounted to Br79 billion at current prices, or 100.9% in comparable prices compared to January – May 2022.
The beginning of 2023 was active for the market throughout the country: the total demand became one of the highest for these months over the last decade. In Minsk, in comparison with the 1st quarter of last year, the number of purchase and sale transactions this year increased by 9.4%.
Gosatomnadzor of Belarus authorized the start of power startup at BelNPP Unit 2. This will allow it to first start up in test mode and then connect it to the grid. After the commissioning of the second unit, the nuclear power plant should start operating at full capacity.
In recent years, imports of goods from the United States exceeded the domestic exports to this country, and only in early 2022, was there an opposite trend.
Since the end of 2022, the market situation has started to improve. Real wages have risen, and banks have stepped up consumer lending. Andrei Alyoshkin sums up the last year’s results
Belarus takes 45th position in the Welcoming Countries Rank-2023 compiled by the Canadian company Arton Capital. The ranking is based on how many nationalities a country accepts without a visa or with a visa issued on arrival.
2022 saw a record number of apartment sales in Minsk, with a 42% increase over 2020. One-bedroom apartments dominated, while new buildings made up only 10% of the market. Prices saw minor fluctuations, and the most expensive apartment sold for $500k. Analysts predict a stable market in 2023.
Annual inflation in the Republic of Belarus was 16.8%, the National Statistical Committee reported. The researchers compared data from April 2022 to April 2021. Monthly inflation in Belarus in April was 1.6%.
