Ukraine GDP Q4 2017


Ukraine: Growth sinks in Q4

March 1, 2018

Ukraine’s economy continued to lose momentum in Q4, with growth decelerating for the fourth consecutive quarter. According to a preliminary estimate released by State Statistics Service Ukraine, GDP increased 1.8% over the same period of 2016, which was below the third quarter’s 2.1% expansion. Ukraine’s recovery lost significant momentum in 2017, after growth peaked at 4.8% in Q4 2016, due to an economic blockade with the Donbass region, a slow pace of reforms and a poor performance in the external sector.

On a quarter-on-quarter basis, GDP expanded a seasonally-adjusted 0.4% in Q4, slightly above Q3’s 0.2% increase. More detailed data including a breakdown by components will be released on 21 March.

Ukraine GDP Forecast

FocusEconomics panelists expect GDP to expand 2.9% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect economic growth to accelerate to 3.0%.


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Ukraine GDP Chart

Ukraine GDP Q4  2017

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

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