The analyst expects the construction industry in Belarus to expand by 6% in real terms in 2025, supported by investments in the residential, energy, and industrial sectors. According to the National Statistical Committee of the Republic of Belarus (Belstat), the fixed domestic capital investment grew by 36.4% year-on-year (YoY) in the first five months of 2025. Moreover, foreign investments received in the real sector stood at BYR10 billion ($3 billion) in Q1 2025. Also, the average construction contract activity, as a percentage of the corresponding period of the previous year, grew by 12.3% YoY in real terms in January-May 2025.
The industry’s growth in 2025 will also be supported by the Belarusian President Aleksandr Lukashenko’s Decree, which was signed previously in October 2024; as per the decree, the country’s GDP is forecasted to increase by 4.1% in 2025, supported by three programs - production, export and investment. According to the government’s estimates, the real disposable household income is projected to expand by 4%, exports of goods and services by 5.4% and investment in the economy by 7.8%, in 2025. The government aims to continue its policy to curb inflation, with the National Bank and the government setting a target to keep inflation under 5% in 2025.
The industry’s growth in 2025 will also be supported by the Belarusian President Aleksandr Lukashenko’s Decree, which was signed previously in October 2024; as per the decree, the country’s GDP is forecasted to increase by 4.1% in 2025, supported by three programs - production, export and investment. According to the government’s estimates, the real disposable household income is projected to expand by 4%, exports of goods and services by 5.4% and investment in the economy by 7.8%, in 2025. The government aims to continue its policy to curb inflation, with the National Bank and the government setting a target to keep inflation under 5% in 2025.
The Construction in Belarus- Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Belarus’s construction industry, including:
- Belarus’s 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 Belarus’s 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 (2020-2024) and forecast (2025-2029) 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
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures
