The motherland monument in Ukraine

Ukraine GDP Q2 2022

Ukraine: GDP contracts at record pace in Q2 amid Russian invasion

According to a preliminary estimate, economic growth nosedived in Q2, contracting 37.2% in annual terms (Q1: -15.2% yoy). The second quarter’s figure was chiefly due to Russia’s ongoing invasion and marked the worst result on record.

Although a full breakdown is not yet available, the consequences of the war on the agriculture, retail and industrial sectors likely led the downturn.

On a seasonally-adjusted quarter-on-quarter basis, output tumbled 19.1% in Q2, moderating slightly from the 19.3% contraction logged in the previous quarter due to a base effect.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen