GDP in Ukraine
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
|Economic Growth (GDP, annual variation in %)||-9.8||2.4||2.5||3.4||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine GDP Chart
Source: State Statistics Committee of Ukraine (Ukrstat).
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
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November 12, 2022
Inflation rose to 26.6% in October, above September’s 24.6%.
October 12, 2022
Inflation rose to 24.6% in September, above August’s 23.8%.
September 8, 2022
According to a preliminary estimate, economic growth nosedived in Q2, contracting 37.2% in annual terms (Q1: -15.2% yoy).
September 7, 2022
At its meeting on 8 September, the National Bank of Ukraine (NBU) unanimously voted to maintain its policy rate at 25.00%, after the largest rate hike in 24 years at its June meeting. The board members’ decision to leave the main rate unchanged was chiefly due to a lower-than-expected inflation figure in July.
August 11, 2022
Consumer prices rose 0.70% in July over the previous month, slowing down from the 3.11% increase logged in June.