Consumption in Ukraine

Ukraine Consumption | Economic News & Forecasts

Ukraine - Consumption

GDP nosedives in Q1 amid Russian invasion

A preliminary release revealed that GDP tumbled 15.1% year on year in the first quarter of 2022, sharply contrasting the previous quarter’s 6.1% rise. The result marked the worst figure since Q1 2015 and was the result of Russian’s invasion of the country on 24 February. Although a comprehensive release is not yet available, the reading will have likely been the outcome of the devastation of the agriculture, retail and industrial sectors.

On a seasonally-adjusted quarter-on-quarter basis, output nosedived 19.3% in Q1, swinging from the 1.9% expansion logged in the previous quarter, as underlying momentum was drastically set back.

FocusEconomics Consensus panelists project GDP to plummet 36.8% in 2022, which is down 0.3 percentage points from last month’s forecast. In 2023, our panelists expect a 12.5% rebound.

Ukraine - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)19.8  2.7  9.5  9.3  11.9  

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Ukraine Facts

Value Change Date
Bond Yield19.000.0 %Jul 27
Exchange Rate23.700.30 %Jan 01

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