Consumption in Ukraine
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
|Consumption (annual variation in %)||19.8||2.7||9.5||9.3||11.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 21, 2022
At its meeting on 21 July, the National Bank of Ukraine (NBU) decided to maintain its policy rate at 25.00%—the highest since March 2016—after the largest rate hike in 24 years at its June meeting. The decision not to hike further was mainly driven by the Bank’s assessment that the 1,500 basis-point hike taken at its previous meeting was enough to improve the attractiveness of the hryvnia, guarantee healthy levels of international reserves and macroeconomic stability.
July 11, 2022
Consumer prices rose 3.11% in June over the previous month, accelerating from May's 2.68% rise.
June 10, 2022
Consumer prices increased 2.68% in May over the previous month, below the 3.12% rise seen in April.
June 9, 2022
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.
June 2, 2022
At a surprise meeting on 2 June, the National Bank of Ukraine (NBU) raised its key policy rate by 1,500 basis points to 25.00% from 10.00%.