GDP in Ukraine

Ukraine GDP | Economic News & Forecasts

Ukraine - GDP

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.

FocusEconomics Consensus panelists project GDP to plummet 34.5% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, our panelists expect a 8.2% rebound.

Ukraine - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)-9.8  2.4  2.5  3.4  3.2  

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Ukraine GDP Chart


Ukraine GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: State Statistics Committee of Ukraine (Ukrstat).

Ukraine Facts

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

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