According to revised data, in the second quarter GDP expanded 3.8% over the same period last year. The print matched the preliminary estimate published on 29 July but was below the robust 5.3% expansion seen in the first quarter. Meanwhile, the domestic sector continued to gather momentum. Total consumption improved from the previous quarter, buttressed by strong private consumption, which accelerated from an already robust 12.7% increase in the first quarter to a 14.1% expansion in the second quarter. Furthermore, fixed investment grew 8.6%, which followed a 4.5% increase in the first quarter. In contrast, government consumption swung from a 0.1% expansion to a 0.4% contraction. Fanned by the robust domestic demand, imports increased 24.2% over the same period last year, which, nevertheless, came in below the 39.3% expansion observed in the first quarter. Meanwhile, exports slowed from a 19.0% expansion in the first quarter to a paltry 4.9% increase in the second quarter.
Moderate growth confirmed in second quarter
September 30, 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.