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SOCIAL AND ECONOMIC DEVELOPMENT OF BELARUS IN THE FIRST HALF OF 2004

 

In the first half of 2004 the economy of Belarus demonstrated sustainable and dynamic development. Auspicious external and domestic factors made it possible to meet practically all most important parameters of the socio-economic development forecast of the country.

In comparison with the first half of 2004:

– GDP grew 10.3 percent. According to the Commonwealth of Independent States (CIS) Statistical Committee, Belarus yielded only to Kyrgyzstan and Ukraine;

– industrial production rose 14.4 percent, agricultural production rose 5.7 percent;

– consumer goods production increased by 14.2 percent;

– volume of investment in fixed capital grew 21.7 percent;

– real income of the population (adjusted to the consumer price indices) grew 12.5 percent.

The results of foreign economic activity of Belarus showed considerable overfulfillment of forecasts: in the first half of 2004 foreign trade in goods in comparison with the same period of 2003 grew 32.5 percent, with both exports and imports grow at an equal pace.

According to the official report by the World Bank – World Development Report 2005 – published in May 2004, the volume of direct foreign investments in Belarusian economy made up 247 million dollars in 2002. The per capita amount of investments in Belarus was 25 dollars, whereas in Russia it was 21 dollars, in Ukraine – 14 dollars.

 

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National Centre for Marketing and Price Study

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Online Catalogue of Belarusian Goods, Services and Companies
at the National Centre for Marketing and Price Study

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GUIDEBOOK ON DOING BUSINESS IN BELARUS
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Internet resource on investment potential of Belarus

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Belarus Investment Projects

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Belarus Innovation Projects

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According to the UNDP Human Development Report 2004, published on July 15, 2004, Belarus:

– has the lowest among CIS countries total debt service as percent of GDP (1.4 percent only);

– takes the lead of all CIS countries over adult literacy (99.7 percent);

– passes all CIS countries, as well as such EU countries as Latvia, Slovakia, Poland, Hungary, Czech Republic, Portugal, Greece, Italy, Spain, Germany, France, Luxemburg, Austria, Great Britain, Ireland, Belgium, and the Netherlands in public expenditure on education (6 percent of GDP);

– is the first among CIS countries on such socially meaningful index as health expenditure per capita (464 dollars);

– has the lowest among CIS countries under-five mortality rate;

– 100 percent of the population of Belarus have sustainable access to an improved water source, so far this figure has not been achieved by any other CIS country;

– leads among CIS countries and some EU member states (Lithuania and Poland) by the amount of telephone mainlines (299 per 1000 people);

– has twice as many Internet users compared with Russia, and 4 times more than Ukraine.

According to the Vienna Institute of International Relations report (Vienna Institut für Internationale Vergleiche), published in July 2004, divergence of income of different groups of population of Belarus is not substantial: Gini coefficient (index of differentiation of income level of different groups of population, which serves as a characteristic of social injustice) has remained practically unchanged since 1992 and made up 0.34 in 2001, which is much lower than in Russia (0.52) and Ukraine (0.45).

Food and Agriculture Organization of the United Nations in August 2004 placed Belarus on top of CIS countries by the possibility of the population to obtain valuable nutrition. In particular, the number of undernourished people in Belarus is 2 percent of the population, in Russia – 4 percent, in Ukraine and Turkmenistan – 6 percent, in Kyrgyzstan – 8 percent, in Moldova – 11 percent, in Kazakhstan and Azerbaijan – 21 percent, in Uzbekistan – 25 percent, in Georgia – 26 percent, in Armenia and Tajikistan – 70 percent.