News

23.12.2024

EAEU countries' economies maintain positive economic growth trends

Following the first nine months of 2024, all countries of the Eurasian Economic Union continue to observe positive growth of gross domestic product (in Armenia by 6.0%, Belarus by 4.5%, Kazakhstan by 4.1%, Kyrgyzstan by 8.4%, and Russia by 4.2%), and the EAEU GDP growth rate in that period increased by 4.2%.

The main sources of economic growth in all countries of the Union were wholesale and retail trade, manufacturing industry and construction. High rates of economic growth were also maintained in Armenia through operations with immovable property, in Belarus and Kazakhstan through agriculture, and Kyrgyzstan and Russia through financial and insurance activities.

The EEC expects the Union's GDP to grow by 4.1% by the end of 2024.

For gross domestic product data for January-September 2024, see: