We present a new issue of the bulletin “Labor Market and Social Sphere”, which provides an analysis of the labor market situation in the Republic of Belarus in the second quarter of 2025

GDP of Belarus temporarily contracted in July 2025 due to a shift in grain harvesting.

Monetary conditions eased somewhat in Q2-2025

In the first half of 2025, GDP grew by 2.1% YoY, and in June separaterly – by ≈0.3% YoY. The volume of GDP (seasonally adjusted) declined by ≈1% compared to May 2025. Weak output dynamics were observed across all major sectors of the economy in June.

Economic activity in Belarus remained near its historical peak in May 2025, significantly exceeding its balanced level.