Belarus Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
GlobalData’s Construction in Belarus - Country Briefing (H1 2025) 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
The Belarusian President Aleksandr Lukashenko signed a Decree in October 2024 to approve important forecast parameters for the country's development in 2025. As per the Decree, GDP is projected to increase by 4.1% in 2025, owing to three related programs - production, export and investment. In 2025, real disposable household income is forecast to grow by 4%, exports of goods and services by 5.4% and investment in the economy by 7.8%. The government plans to continue its policy to curb inflation, with the National Bank and the government setting a target to keep inflation under 5% in 2025.
Over the remainder of the forecast period, the construction industry is expected to record an annual average growth of 2.6% between 2026 and 2029, supported by investments in the transport, renewable energy, and housing infrastructure projects. In December 2024, the Belarusian Energy Ministry reported that it is developing a feasibility study for the construction of a third power unit at the Belarusian Nuclear Power Plant (BelNPP) or a second nuclear power plant in the country; the feasibility study is scheduled to be completed in 2025
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
- 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 GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Belarus, Top Construction Projects by Value
- Table 3: Belarus, Construction Output Value (Real, $ Million)
- Table 4: Belarus, Construction Output Value (Nominal, BYR Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Belarus, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Belarus, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2023–29
- Figure 4: Belarus, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Belarus, Construction Value Add Index (At Constant Prices; As % of Corresponding Period of Previous Year)
- Figure 6: Belarus, Fixed Capital Investment (Accumulated % Change, Y-o-Y)
- Figure 7: Belarus, Total Floor Space of Residential Buildings Commissioned (Thousand m2)
- Figure 8: Belarus, Construction Contract Activity (As % of Corresponding Period of Previous Year, at Constant Prices)
- Figure 9: Belarus, Total Commodities Exports ($ Million)
- Figure 10: Belarus, Labour Productivity in Construction Industry
- Figure 11: Belarus, Employed Population in Construction Industry, Annual Average, In Thousands
- Figure 12: Belarus, Nominal Gross Average Earnings in Construction Industry
- Figure 13: Belarus, Price Index in the Construction Industry
- Figure 14: Belarus, Foreign Direct Investments in Construction Industry, In $ Million
- Figure 15: Belarus, Number of construction organizations
- Figure 16: Belarus, Volume of contract works in Construction Sector, At Constant Prices, Percent of Previous Year
- Figure 17: Belarus, Number of Projects Under Construction
- Figure 18: Belarus, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Belarus, Risk Summary
- Figure 20: Belarus, Risk Regional Comparison
Research Assistance
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