Belarus said to have second-highest GDP growth among CIS countries in first 10 months

 

Belarus ranked second among seven countries of the 11-member Commonwealth of Independent States (CIS) in terms of GDP growth in the first 10 months of 2008, according to the CIS Statistics Committee.

Belarus' GDP reportedly increased by 10.7 percent. Azerbaijan ranked first with an increase of 12.7 percent.

Belarus was followed by Armenia with 9.2 percent, Tajikistan with 7.5 percent, Kyrgyzstan with 6.9 percent, Russia with 6.8 percent and Ukraine with 5.8 percent.

Data for Moldova, Turkmenistan, Kazakhstan and Uzbekistan were not available.

In the first 10 months, Belarus was first among nine CIS member countries in terms of industrial output growth. Belarus, which reported an increase of 12.8 percent, was followed by Kyrgyzstan with 12.1 percent, Azerbaijan with 8.4 percent, Russia with 4.9 percent, Armenia with four percent, Kazakhstan with 2.9 percent, Ukraine with 2.2 percent, and Moldova with two percent. Industrial output decreased by 3.2 percent in Tajikistan. Data for Turkmenistan and Uzbekistan were not provided.

Belarus ranked second among nine CIS member countries in terms of retail trade growth in the first 10 months of 2008. With an increase of 22.9 percent, Belarus was behind Ukraine, where retail trade increased by 23 percent, and was followed by Azerbaijan with an increase of 15.3 percent, Russia with 14.7 percent, Moldova with 13.1 percent, Kyrgyzstan with 8.2 percent, Armenia with 7.9 percent, Tajikistan with 4.4 percent, and Kazakhstan with 3.3 percent. Data for Turkmenistan and Uzbekistan were not available. //BelaPAN