Ukraine GDP


GDP contracts for fifth consecutive quarter in Q3

In the third quarter, GDP decreased 1.5% over the same period last year, according to preliminary estimates released by the National Statistics Institute on 30 October. The figure exceeded the 1.3% drop recorded in the second quarter, marking the fifth consecutive quarter in which output contracted.

On a quarter-on-quarter basis, the economy contracted 0.4% in seasonally-adjusted terms, which matched the 0.4% fall recorded in the previous quarter. Revised and more complete GDP data will be released on 19 December.

Consensus Forecast participants see the economy contracting 0.1% in 2013, which is down 0.2 percentage points from last month's forecast. Panelists expect the economy to grow 1.7% in 2014, which is also down 0.2 percentage points from last month's estimate.


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Ukraine GDP Chart

Ukraine GDP Q3 2013

Note: Year-on-year variation of GDP in %.
Source: State Statistics Service of Ukraine and FocusEconomics Consensus Forecast.

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