Expert: growth of labour productivity indicates qualitative development of Belarus’ economy

Labour productivity growth is an indicator of the qualitative development of the Belarusian economy – as noted by the Chairperson of the National Statistical Committee, Inna Medvedeva, in her talk with the First Information Channel

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“The growth of labour productivity is an important qualitative indicator in conditions of the development and growth of investments. It is a key parameter, which is higher than the GDP growth rate. Currently, labour productivity indicates the qualitative development of Belarus’ economy,” Ms. Medvedeva said.

As noted by the expert, Belarus is moving towards improving its technological structure and increasing investments in fixed assets. “Actually, the contribution into the active part — machinery and equipment — is progressing at a faster pace, and this means Belarus is developing its technologies, progressing and developing better products that will eventually be bought by domestic and foreign consumers,” she added.