Belarus Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

After registering an average annual growth of 10.3% during 2023-2025, the Belarussian construction industry is experiencing a slowdown, with data from the National Statistical Committee of the Republic of Belarus (Belstat), reflecting construction contract activity declined in real terms by 0.4% year-on-year (YoY) in January-May. Meanwhile, the construction value-add declined by 6.5% YoY in Q1 2026, following YoY growth of 1.7% in Q4 and 10.7% in Q3 2025. The analyst is projecting a growth rate of 0.7% in 2026, with the residential construction activity expected to decline in 2026 and 2027. According to Belstat, new apartment construction declined in real terms by 26.1% in January-May 2026. Furthermore, the total floor space of housing commissioned declined by 19.5% YoY at the end of May 2026. Previously, the total floor space of commissioned housing had grown by 8.7% in 2025.

Over the remainder of the forecast period, the construction industry is expected to record an annual average growth of 2.3% between 2027 and 2030, driven by continued spending on transport, and industrial developments, as well as government initiatives designed to simplify and accelerate construction procedures. In May 2026, the Gomel Region outlined its plans under Belarus’ 2026-2030 “Roads of Belarus” State Program, highlighting significant investment in road and bridge infrastructure that will support the construction activities. Under the new program, the annual road repair target will increase to 800km by 2030, with continued reconstruction of bridges, the paving of gravel roads with asphalt, and the construction of new concrete roads.

The analyst’s Construction in Belarus - Country Briefing (H2 2026) report provides detailed market analysis, information, and insights into the Belarusian construction industry, including:

The Belarusian construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Belarusian construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Belarus. It provides:

Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Belarus, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile

7 Appendix

7.1 Definitions
7.2 CRI Methodology

About the Analyst
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List of Tables

Table 1: Construction Industry Key Data
Table 2: Belarus, Price indices in construction (December 2023=100), % Change YoY
Table 3: Belarus, Top Construction Projects by Value
Table 4: Belarus Construction Output Value (Real, $ Million)
Table 5: Belarus Construction Output Value (Nominal, BYR Million)
Table 6: GlobalData Construction Market Definitions
Table 7: GlobalData Construction Market Definitions
Table 8: Ratings, Scores and Definitions

List of Figures

Figure 1: Belarus, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 2: Belarus, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 3: Eastern Europe, Construction Output (Real % Change), 2024-30
Figure 4: Belarus, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 5: Belarus, Construction Value-add Index (At Constant Prices; As % of Corresponding Period of the Previous Year)
Figure 6: Belarus, Fixed Capital Investment in Housing construction (% Change, YoY)
Figure 7: Belarus, Foreign investments in construction received in the real sector ($ Billion)
Figure 8: Belarus, Total Floor Space of Housing Commissioning (Thousand m2)
Figure 9: Belarus, Construction Contract Activity (As % of Corresponding Period of Previous Year, at Constant Prices)
Figure 10: Belarus, Price indices in construction (December 2023=100)
Figure 11: Belarus, New apartment construction, in Units
Figure 12: Belarus, Average number of employees in the territory of the Republic of Belarus)
Figure 13: Belarus, Total Commodities Exports ($ Million)
Figure 14: Belarus, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Belarus, Risk Summary
Figure 16: Eastern Europe and Central Asia, Risk Regional Comparison

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