Decline in domestic goods share – Economy | BelarusVC
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Decline in domestic goods share

"If we can't trade externally, we can't do it internally either," Lukashenko said.

The domestic market is experiencing a downturn, President Alexander Lukashenko said, expressing nostalgic thoughts about the development of domestic goods. He noted that over the past five years, the share of domestic goods in the total volume of the domestic market has decreased from 60% to 54%. The country's leader called this phenomenon a 'crime' and said it must be addressed through strategies, protection mechanisms, advertising, and marketing. Lukashenko emphasized that such a market decline cannot go unanswered and called for active measures at the domestic level.

Context

In recent years, there has been a trend of declining share of domestic goods in the domestic market, signaling growing import dependency.

Summary:

The President of Belarus noted a drop in the share of domestic goods in the country from 60% to 54% over five years and called for strengthening the domestic economy through active strategies and advertising.