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Belarus Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Publisher GlobalData
Published Jul 30, 2025
Length 26 Pages
SKU # GBDT20349628

Description

Belarus Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Summary

GlobalData 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.

GlobalData’s 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 GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

26 Pages
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
7.3 About GlobalData
8 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, YoY)
Figure 7: Belarus, Foreign investments 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, Total Commodities Exports ($ Million)
Figure 12: Belarus, Nominal Gross Average Earnings in Construction Industry
Figure 13: Belarus, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Belarus, Risk Summary
Figure 15: Belarus, Risk Regional Comparison

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