Country Report Belarus December 1998 Main report

Quarterly indicators of economic activity.

Quarterly indicators of economic activity 1996 2 Qtr 3 Qtr 4 Qtr Industrial production Monthly av General index Jan 1994=100 84.3 90.3 92.3 Crude petroleum '000 tonnes 154.3 156.0 154.7 Natural gas m cu metres 21.0 20.3 20.4 Employment Unemployed '000 176 185 183 End-Qtr Employed, registered '000 4,144 4,139 4,151 Wages & prices Nominal wages(b) BRb '000 1,187 1,289 1,593 Monthly av Consumer prices 1993=100 8,149 8,587 9,302 change year on year % 50 41 36 Producer prices, ind 1993=100 5,132 5,547 5,990 Construction Houses completed '000 2.57 3.20 5.67 Retail trade Sales Jan 1995=100 91.1 110.4 123.0 Money M1 BRb bn 11,502 13,782 15,708 change year on year % 65.2 64.2 56.7 Foreign trade Qtrly totals Exports $ m 1,431.2 1,429.8 1,483.9 to CIS " 961.5 933.6 888.8 Imports " 1,752.4 1,630.7 1,890.8 from CIS " 1,143.7 1,073.9 1,272.1 Exchange holdings End-Qtr Foreign exchange $ m 367.9 410.6 469.0 Exchange rate Official rate BRb:$ 13,100 14,650 15,500 1997 1 Qtr 2 Qtr 3 Qtr 4 Qtr Industrial production Monthly av General index Jan 1994=100 94.1 97.2 97.6 100.1 Crude petroleum '000 tonnes 149.7 151.7 154.0 155.0(a) Natural gas m cu metres 20.5 20.0 20.5 20.8(a) Employment Unemployed '000 178 157 140 126 End-Qtr Employed, registered '000 4,178 4,184 4,187 4,196 Wages & prices Nominal wages(b) BRb '000 1,733 2,188 2,664 3,276 Monthly av Consumer prices 1993=100 1,767 13,344 14,485 15,796 change year on year % 52 64 69 70 Producer prices, ind 1993=100 8,131 9,867 10,632 11,380 Construction Houses completed '000 1.60 3.03 3.73 n/a Retail trade Sales Jan 1995=100 99.4 108.7 118.5 137.2 Money M1 BRb bn 17,995 22,886 28,340 33,852 change year on year % 82.3 99.0 105.6 115.5 Foreign trade Qtrly totals Exports $ m 1,439.4 1,774.1 1,961.4 2,126.3 to CIS " 955.3 1,096.4 1,404.6 n/a Imports " 1,939.2 2,040.5 2,187.0 2,522.1 from CIS " 1,345.5 1,289.7 1,387.7 n/a Exchange holdings End-Qtr Foreign exchange $ m 427.3 376.2 383.5 393.7 Exchange rate Official rate BRb:$ 24,650 26,980 27,830 30,740 1998 1 Qtr 2 Qtr 3 Qtr Industrial production Monthly av General index Jan 1994=100 104.2 106.3 n/a Crude petroleum '000 tonnes n/a n/a n/a Natural gas m cu metres n/a n/a n/a Employment Unemployed '000 118 109 n/a End-Qtr Employed, registered '000 4,235 4,235 n/a Wages & prices Nominal wages(b) BRb '000 3,698 4,177 n/a Monthly av Consumer prices 1993=100 17,296 19,120 n/a change year on year % 47 43 n/a Producer prices, ind 1993=100 12,509 13,598 n/a Construction Houses completed '000 n/a n/a n/a Retail trade Sales Jan 1995=100 134.3 138.8 n/a Money M1 BRb bn 35,642 44,435 60,766 change year on year % 98.1 94.2 114.4 Foreign trade Qtrly totals Exports $ m 1,758.2 1,878.3 1,165.0© to CIS " n/a n/a n/a Imports " 2,257.4 2,255.8 1,376.0© from CIS " n/a n/a n/a Exchange holdings End-Qtr Foreign exchange $ m 291.3 286.1 299.4 Exchange rate Official rate BRb:$ 33,660 37,540 53,200 (a) October only. (b) Average monthly. © Total for July-August. Sources: TACIS, Belarus Economic Trends, monthly; OECD, Short-term Economic Indicators; IMF, International Financial Statistics.

© 1998 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
IMPRINT