According to revised data, GDP expanded 5.3% in the first quarter over the same period last year, which came in just a notch above the preliminary estimate of 5.2%. The print represents the strongest pace of expansion in three quarters driven by a pick up in domestic demand and sustained growth in exports. Total consumption accelerated to a 9.6% increase (Q4 2010: +7.9% year-on-year) on the back of stronger private consumption (Q4 2010: +9.0% yoy; Q1 2011: +12.7% yoy), while government consumption slowed to a paltry 0.1% increase (Q4 2010: +5.0% yoy). Meanwhile, an upward shift in inventories helped to offset a moderation in fixed investment, which dropped from a 10.6% increase in the fourth quarter to a 4.5% expansion. Imports soared from a 14.3% increase in the previous quarter to a 39.3% expansion, which further corroborates the notion of an improving domestic sector. Moreover, exports followed suit and improved markedly (Q4 2010: +4.9% yoy; Q1 2011: +19.0% yoy). The government expects overall economic growth to reach 4.5% this year and to accelerate to 6.5% next year.
Growth picks up in first quarter
July 5, 2011
Looking for forecasts related to GDP in Ukraine? Download a sample report now.
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.