Express Analysis. March 2024

The leap year factor contributed to a temporary increase in the Belarusian GDP growth rate in February 2024. GDP grew by 4% (YoY) over two months of 2024: it grew by ≈5.3% (YoY) in February following a 2.8% increase (YoY) in January. The main reason for the indicator’s growth was an extra day in February 2024. It is challenging to assess the contribution of the calendar factor to output changes precisely due to its versatile impact on economic sectors and limited availability of statistical data.