The gross domestic product (hereinafter - GDP) in 2008
totaled 128.8 trillion. rubles and increased (in constant prices)
to the level of 2007 by 10 per cent of the projected growth of 8
- 9 per cent.
The energy intensity of GDP declined by 8.4 per cent (while the
forecast for 7 - 8 percent).
Table 1 . «Production of gross domestic product»
Table 2 . «Structure of production of gross domestic product»
High quantitative economic growth rates are supported by the government’s
policy oriented at enhancing the country’s competitiveness, modernizing
production processes, and implementing ecology-friendly resource
and energy-saving technologies. The strategic goal is to increase
foreign investments and enhance their role in the know-how transfer
mechanism.
Table 3 . «Main Socioeconomic Indicators of 1998-2005»
The volume of retail trade turnover (at constant prices) increased
in comparison with 2007 by 20,5 percent (in 2007 compared to 2006
- at 15.3 per cent), fee-based services to the population - at 13.9
per cent (in 2007 compared with 2006, to 11.5 per cent). The current
dynamics of the turnover of retail trade and services sector due
to increased consumer demand, fueled by rising real incomes and
the expansion of bank lending to the population. Real wages and
real incomes of the population were rooted in the 9,9 and 12,7 percent
respectively.
Investment in fixed assets in 2008 (in comparable prices) to the
level of 2007 increased by 23.1 per cent (in 2007 - at 16.2 per
cent). Annual investment in fixed assets reached 35.9 trillion.
rubles. As a percentage of GDP the share of investment was 27.9
per cent (in 2007 - 26.8 per cent).
The largest volume of investment, as in the previous year, provided
the industry, housing and agriculture, whose share in total investment
in fixed assets amounted to 27,7, 17,9 and 14,6 percent respectively.
The main sources of funding organizations had their own resources,
budget funds and bank loans, which accounted for 87.2 percent of
all investments (in 2007 - 85,7 per cent).
Traditionally, the industry of Belarus is the flagship of economic
growth. The volume of industrial production in 2008 goduvozros compared
with 2007 at 10.8 percent. Production of consumer goods increased
by 12.1 percent, including food products - by 13,1 per cent, non-food
- by 11.6 percent. The highest growth rate of volumes of industrial
production were observed in the fuel industry (11.1 percent), machinery
and metal processing, construction materials (10.2 per cent in each
sector), while the lowest - in the light industry (0.7 percent).
The priority sectors also are: engineering and metalworking, fuel,
forestry, woodworking and pulp and paper industry, building materials
industry.
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