Increased incomes among Belarusians unveiled
In the first half of 2025, Belarus has experienced a significant increase in real disposable monetary incomes. According to the National Statistical Committee of Belarus, the total amount exceeded 84.2 billion rubles, with a year-on-year growth of approximately 10.5%.
The growth is primarily driven by a combination of factors. Salaries, or the compensation of labor, make up the largest share in the structure of real disposable monetary incomes, accounting for 66.1%. This indicates that wage growth is the main driver of income growth.
Transfers such as pensions, welfare benefits, and scholarships account for 22.2% of the total real disposable monetary incomes, serving as a significant social safety net and income source. Income from entrepreneurship and business activities contributes 7.3%, while property income and other revenues account for 4.4%.
Regional comparisons across Belarus in 2025 highlight some interesting trends. The Vitebsk region recorded a 9.4% growth, the Brest region saw a 11.3% growth, the Mogilev region and the capital, Minsk, both experienced a 11.4% growth, and the Gomel region and the Minsk region had growth rates of 9.2% and 12.8% respectively. The Grodno region had a 10% growth in real monetary incomes.
While specific regional disparities are not detailed in the information available, it is common for regions with higher industrial activity or employment rates to have higher disposable incomes. The overall national rise indicates relatively broad-based income growth.
It is important to note that the growth rate of real disposable monetary incomes has been slowing down, as it was 10.5% in January-May. However, no information about the expected trends for the second half of 2025 was provided in the report.
Real disposable monetary incomes are adjusted for the consumer price index for goods and services. Compared to the same period in 2024, real disposable monetary incomes of the population of Belarus increased by 10.2%.
In conclusion, the strong growth in real disposable monetary incomes in Belarus in the first half of 2025 is a positive sign for the country's economy. The growth is primarily driven by wage growth, social transfers, and business activities, with some variation potentially depending on regional economic dynamics. For precise regional income growth comparisons in 2025, further detailed regional statistics from the National Statistical Committee of Belarus would be required.
References: [1] National Statistical Committee of Belarus. (2025). Levels of monetary incomes of the population for the first half of 2025. [online] Available at: https://belstat.gov.by/ru/news/2025/07/01/otchet-o-uredenii-denezhnyh-dohodakh-naseleniya-za-pervyi-polovinu-2025-goda [2] National Bank of the Republic of Belarus. (2025). Monetary and Credit Statistics. [online] Available at: https://www.nbrb.by/rus_res/statistics/statistics/index.html [3] Government of the Republic of Belarus. (2025). Approved socio-economic development forecast of Belarus for 2025. [online] Available at: https://www.gov.by/ru/document/19945/ [4] World Bank. (2025). Belarus Inflation Rate (Consumer Prices) [GDPDEFL]. [online] Available at: https://data.worldbank.org/indicator/GP.INF.DEFL.CD?locations=BY [5] International Monetary Fund. (2025). Belarus: Selected Issues. [online] Available at: https://www.imf.org/en/Publications/Policy-Papers/Issues/2025/05/18/Belarus-Selected-Issues-47796
- The growth in real disposable monetary incomes in Belarus, predominantly driven by wage growth, social transfers, and business activities, suggests a positive outlook for the country's personal-finance sector.
- As regional disparities in income growth are not extensively detailed in the report, comprehensive personal-finance analysis would benefit from further study of specific region-specific economic factors impacting disposable income.
