Increase in Income for Belarusians - Quantifying the Amount
In a recent report by Belstat, encouraging trends in wage payments, real disposable income, and the profitability of sold products and services in Belarus have been highlighted for the first five months of 2025.
According to the data, wages account for a significant portion of the population's total cash income, with 66% coming from wages, 22.2% from transfers, 7.3% from entrepreneurial and other income-generating activities, and 4.5% from income from property and other sources.
The real disposable income of the Belarusian population in January-May 2025 showed a positive growth trend, reaching 110.5% of the level of the corresponding period in 2024. This indicates an upward momentum in the purchasing power of households after accounting for taxes and fees.
In the budget sphere, real wages have increased. Budget workers' salaries have seen a 12.2% growth compared to the same period in 2024. The average income of budget workers in May 2025 was Br1981.1, a significant increase from the previous month's average of Br1915.6.
While specific data on wages in the budget sphere is not explicitly available, the positive trend in real disposable income and the overall growth of economic indicators such as GDP and retail turnover suggest that wages have at least been stable or increased modestly, reflecting general improvements in income levels in the economy.
The profitability of sold products and services in Belarus also shows a positive trend. While exact profitability margins are not detailed in the sources, some economic indicators are available. The GDP at current prices for the first half of 2025 was BYN 129.4 billion, which is 102.1% of the first half of 2024 at constant prices, showing modest economic growth. Industrial production volume grew slightly to 100.3% in constant prices compared to the same period last year, and retail turnover rose by 9% (109% in constant prices), reflecting increased sales activity.
These trends suggest a stable or slightly improving profitability environment for products and services, likely benefiting from increased economic activity. In conclusion, Belarus has experienced growth in real disposable incomes and stable to slightly increased economic activity in production and retail sectors during the first five months of 2025 compared to 2024, which implies improving profitability conditions and likely wage stability or growth in the budget sphere.
- To maintain a balanced personal-finance plan, an individual might consider allocating a larger portion of their income to savings, given the positive growth trend in real disposable income and the overall economic stability highlighted in the report.
- With the increasing profitability of sold products and services in Belarus, one could anticipate potential growth in the personal-finance sector, as increased sales activity may lead to improved income opportunities for entrepreneurs and self-employed persons.
