Latest data indicate that the economy maintained the pace at the end of last year. According to revised figures, in the fourth quarter GDP grew 3.3% over the same quarter the previous year, which came in above the preliminary estimate of 3.0% released by the Statistics Committee on 15 February. The figure was virtually unchanged over the third quarter's 3.5% increase. The final quarter result benefited from sustained growth in the domestic sector along with positive developments on the external side. While imports decelerated markedly from a 20.2% year-on-year increase in the third quarter to a 14.3% expansion in the fourth quarter, exports accelerated to a 4.9% expansion (Q3: +2.6% yoy). On the domestic front, total consumption eased to 7.9% (Q3: +8.3% yoy), which was the result of a deceleration in private consumption (Q3: +9.4% yoy; Q4: +9.0% yoy) partly offset by an acceleration in government spending (Q3: +3.7% yoy; Q4: +5.0% yoy). Fixed investment decelerated somewhat, moderating from a 12.6% increase in the third quarter to a 10.6% expansion in the fourth. In addition, a downward shift in inventories also contributed to the deceleration. A quarter-on-quarter comparison does not point to a decline. In fact, the economy grew 1.0% over the previous quarter in seasonally adjusted terms (Q3: +0.1% quarter-on-quarter). In the full year 2010, the economy grew 4.2%, which represents only a partial recovery from the 14.8% contraction recorded a year earlier. Going forward, the government expects the economy to expand 4.5% this year and 6.5% next year.
Growth in final quarter revised up
April 7, 2011
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Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.